Reports
Sale
Global Solar Photovoltaic (PV) Market Share, Size, Report: By Technology: Thin film, Multi-Si, Mono-Si, Others; By Deployment: Ground-mounted, Rooftop Solar, By Connectivity: On-grid, Off-grid; By End Use: Residential, Commercial, Utility; Regional Analysis; Market Dynamics; Competitive Landscape; Key Trends and Developments in the Market; 2024-2032
Global Solar Photovoltaic (PV) Market Outlook
The global market size for solar photovoltaic (PV) reached a value of more than 1,344.54 GW in 2023. The global solar photovoltaic (PV) market is expected to grow at a CAGR of 23.30% between 2024 and 2032, reaching a projected value of 8,856.09 GW by 2032.
Key Trends in the Market
Solar photovoltaic refers to those technologies that convert solar energy into electricity through the photovoltaic effect. A solar photovoltaic system comprises of various solar cells or solar photovoltaic cells that individually convert solar energy. Specialised semiconductors and other materials are used in for the solar photovoltaic cells to effectively convert and generate electricity.
- With the growing population and rapid urbanisation, the solar photovoltaic (PV) market growth is expected to fuel during the forecast period due to the surging demand for energy.
- The surging demand for sustainable energy resources and favourable regulations by governments worldwide to encourage the use of renewable energy sources such as solar are likely to influence the market growth of solar photovoltaic (PV) across the globe.
- Due to infrastructure development and expansion, the market demand is expected to increase, particularly in regions with adequate sunlight. This is due to the rising demand for electricity and improving living standards of consumers.
Read more about this report - REQUEST FREE SAMPLE COPY IN PDF
Market Analysis
Based on the technology, the solar photovoltaic (PV) market can be divided into a thin film, multi-Si, and mono-Si, among others. On the basis of deployment, the market is segmented into ground-mounted and rooftop solar. Based on connectivity, the market is categorised into on-grid and off-grid. According to end use, the market is divided into residential, commercial, and utility. The regional markets can be divided into North America, Europe, the Asia Pacific, Latin America, and the Middle East and Africa.
The comprehensive EMR report provides an in-depth assessment of the market based on the Porter's five forces model along with giving a SWOT analysis. The report gives a detailed analysis of the following key players in the global solar photovoltaic (PV) market, covering their competitive landscape and the latest developments like mergers, acquisitions, investments and expansion plans.
- LONGi Green Energy Technology Co., Ltd.
- Jinko Solar Co., Ltd.
- Trina Solar
- JA SOLAR Technology Co.,Ltd.
- Canadian Solar Inc.
- Risen Energy Co., Ltd.
- First Solar Inc.
- Hanwha Group.
- Golden Concord Holdings Limited
- CHINT Group
- Wuxi Suntech Power Co., Ltd.
- Adani Group
- Others
Read more about this report - REQUEST FREE SAMPLE COPY IN PDF
Market Share by Deployment
The ground-mounted segment is expected to gain momentum in the solar photovoltaic (PV) market across the globe. This is on account of the surging number of utility-scale projects and solar energy targets as well as the reducing cost of solar PV installations. Ground-mounted deployments are considered easier to clean and maintain. They also produce higher energy owing to their rise in efficiency, further propelling the market growth across the globe over the coming years.
Market Share by Region
Geographically, the Asia Pacific region is expected to augment the solar photovoltaic (PV) market share on account of an increase in the installation of solar power projects in India and China.
With increasing government initiatives for green energy in India, the market growth for solar photovoltaic (PV) is likely to boost due to the surging demand for electricity. The major focus of deploying renewable energy across India is to support economic development, along with improving access to energy, mitigating climate change, and boosting energy security. This is further expected to push forward the solar photovoltaic (PV) market growth across the Asia Pacific region.
Read more about this report - REQUEST FREE SAMPLE COPY IN PDF
Competitive Landscape
LONGi Green Energy Technology Co., Ltd. is a leading technology and manufacturing company that deals in solar wafers and cells along with helping accelerate the clean energy transition. The company offers general solutions for renewables as well as solar energy by providing reliable, high-quality systems, and products. It utilises clean energy along with green production practices in its operations whenever possible while generating low-cost clean energy products for the planet.
Jinko Solar Co., Ltd. is one of the most innovative and famous solar technology corporations across the globe. The company’s business includes the essential links of the photovoltaic industry chain, aiming at the research and development of integrated photovoltaic products as well as integrated clean energy solutions.
Trina Solar is primarily involved in the manufacturing as well as sales of PV modules, along with research and development. It offers power station and system products, and sales and development of intelligent microgrids as well as multi-energy systems, PV power generation, and operation, and maintenance services, among others. The company is leading the way in smart solar energy solutions for a net-zero future.
Other market players includes JA SOLAR Technology Co.,Ltd., Canadian Solar Inc., Risen Energy Co., Ltd., First Solar Inc., Hanwha Group., Golden Concord Holdings Limited, CHINT Group, Wuxi Suntech Power Co., Ltd., and Adani Group, among others.
Key Highlights of the Report
| REPORT FEATURES | DETAILS |
| Base Year | 2023 |
| Historical Period | 2018-2023 |
| Forecast Period | 2024-2032 |
| Scope of the Report |
Historical and Forecast Trends, Industry Drivers and Constraints, Historical and Forecast Market Analysis by Segment:
|
| Breakup by Technology |
|
| Breakup by Deployment |
|
| Breakup by Connectivity |
|
| Breakup by End Use |
|
| Breakup by Region |
|
| Market Dynamics |
|
| Competitive Landscape |
|
| Companies Covered |
|
*At Expert Market Research, we strive to always give you current and accurate information. The numbers depicted in the description are indicative and may differ from the actual numbers in the final EMR report.
1 Preface
2 Report Coverage – Key Segmentation and Scope
3 Report Description
3.1 Market Definition and Outlook
3.2 Properties and Application
3.3 Market Analysis
3.4 Key Players
4 Key Assumptions
5 Executive Summary
5.1 Overview
5.2 Key Drivers
5.3 Key Developments
5.4 Competitive Structure
5.5 Key Industrial Trends
6 Market Snapshot
6.1 Global
6.2 Regional
7 Opportunities and Challenges in the Market
8 Global Solar Photovoltaic (PV) Market Analysis
8.1 Key Industry Highlights
8.2 Global Solar Photovoltaic (PV) Historical Market (2018-2023)
8.3 Global Solar Photovoltaic (PV) Market Forecast (2024-2032)
8.4 Global Solar Photovoltaic (PV) Market by Technology
8.4.1 Thin film
8.4.1.1 Historical Trend (2018-2023)
8.4.1.2 Forecast Trend (2024-2032)
8.4.2 Multi-Si
8.4.2.1 Historical Trend (2018-2023)
8.4.2.2 Forecast Trend (2024-2032)
8.4.3 Mono-Si
8.4.3.1 Historical Trend (2018-2023)
8.4.3.2 Forecast Trend (2024-2032)
8.4.4 Others
8.5 Global Solar Photovoltaic (PV) Market by Deployment
8.5.1 Ground-mounted
8.5.1.1 Historical Trend (2018-2023)
8.5.1.2 Forecast Trend (2024-2032)
8.5.2 Rooftop Solar
8.5.2.1 Historical Trend (2018-2023)
8.5.2.2 Forecast Trend (2024-2032)
8.6 Global Solar Photovoltaic (PV) Market by Connectivity
8.6.1 On-grid
8.6.1.1 Historical Trend (2018-2023)
8.6.1.2 Forecast Trend (2024-2032)
8.6.2 Off-grid
8.6.2.1 Historical Trend (2018-2023)
8.6.2.2 Forecast Trend (2024-2032)
8.7 Global Solar Photovoltaic (PV) Market by End Use
8.7.1 Residential
8.7.1.1 Historical Trend (2018-2023)
8.7.1.2 Forecast Trend (2024-2032)
8.7.2 Commercial
8.7.2.1 Historical Trend (2018-2023)
8.7.2.2 Forecast Trend (2024-2032)
8.7.3 Utility
8.7.3.1 Historical Trend (2018-2023)
8.7.3.2 Forecast Trend (2024-2032)
8.8 Global Solar Photovoltaic (PV) Market by Region
8.8.1 North America
8.8.1.1 Historical Trend (2018-2023)
8.8.1.2 Forecast Trend (2024-2032)
8.8.2 Europe
8.8.2.1 Historical Trend (2018-2023)
8.8.2.2 Forecast Trend (2024-2032)
8.8.3 Asia Pacific
8.8.3.1 Historical Trend (2018-2023)
8.8.3.2 Forecast Trend (2024-2032)
8.8.4 Latin America
8.8.4.1 Historical Trend (2018-2023)
8.8.4.2 Forecast Trend (2024-2032)
8.8.5 Middle East and Africa
8.8.5.1 Historical Trend (2018-2023)
8.8.5.2 Forecast Trend (2024-2032)
9 North America Solar Photovoltaic (PV) Market Analysis
9.1 United States of America
9.1.1 Historical Trend (2018-2023)
9.1.2 Forecast Trend (2024-2032)
9.2 Canada
9.2.1 Historical Trend (2018-2023)
9.2.2 Forecast Trend (2024-2032)
10 Europe Solar Photovoltaic (PV) Market Analysis
10.1 United Kingdom
10.1.1 Historical Trend (2018-2023)
10.1.2 Forecast Trend (2024-2032)
10.2 Germany
10.2.1 Historical Trend (2018-2023)
10.2.2 Forecast Trend (2024-2032)
10.3 France
10.3.1 Historical Trend (2018-2023)
10.3.2 Forecast Trend (2024-2032)
10.4 Italy
10.4.1 Historical Trend (2018-2023)
10.4.2 Forecast Trend (2024-2032)
10.5 Others
11 Asia Pacific Solar Photovoltaic (PV) Market Analysis
11.1 China
11.1.1 Historical Trend (2018-2023)
11.1.2 Forecast Trend (2024-2032)
11.2 Japan
11.2.1 Historical Trend (2018-2023)
11.2.2 Forecast Trend (2024-2032)
11.3 India
11.3.1 Historical Trend (2018-2023)
11.3.2 Forecast Trend (2024-2032)
11.4 ASEAN
11.4.1 Historical Trend (2018-2023)
11.4.2 Forecast Trend (2024-2032)
11.5 Australia
11.5.1 Historical Trend (2018-2023)
11.5.2 Forecast Trend (2024-2032)
11.6 Others
12 Latin America Solar Photovoltaic (PV) Market Analysis
12.1 Brazil
12.1.1 Historical Trend (2018-2023)
12.1.2 Forecast Trend (2024-2032)
12.2 Argentina
12.2.1 Historical Trend (2018-2023)
12.2.2 Forecast Trend (2024-2032)
12.3 Mexico
12.3.1 Historical Trend (2018-2023)
12.3.2 Forecast Trend (2024-2032)
12.4 Others
13 Middle East and Africa Solar Photovoltaic (PV) Market Analysis
13.1 Saudi Arabia
13.1.1 Historical Trend (2018-2023)
13.1.2 Forecast Trend (2024-2032)
13.2 United Arab Emirates
13.2.1 Historical Trend (2018-2023)
13.2.2 Forecast Trend (2024-2032)
13.3 Nigeria
13.3.1 Historical Trend (2018-2023)
13.3.2 Forecast Trend (2024-2032)
13.4 South Africa
13.4.1 Historical Trend (2018-2023)
13.4.2 Forecast Trend (2024-2032)
13.5 Others
14 Market Dynamics
14.1 SWOT Analysis
14.1.1 Strengths
14.1.2 Weaknesses
14.1.3 Opportunities
14.1.4 Threats
14.2 Porter’s Five Forces Analysis
14.2.1 Supplier’s Power
14.2.2 Buyer’s Power
14.2.3 Threat of New Entrants
14.2.4 Degree of Rivalry
14.2.5 Threat of Substitutes
14.3 EMR’s Key Indicators for Demand
14.4 EMR’s Key Indicators for Price
15 Installation Cost
16 Competitive Landscape
16.1 Market Structure
16.2 Company Profiles
16.2.1 LONGi Green Energy Technology Co., Ltd.
16.2.1.1 Company Overview
16.2.1.2 Product Portfolio
16.2.1.3 Demographic Reach and Achievements
16.2.1.4 Certifications
16.2.2 Jinko Solar Co., Ltd.
16.2.2.1 Company Overview
16.2.2.2 Product Portfolio
16.2.2.3 Demographic Reach and Achievements
16.2.2.4 Certifications
16.2.3 Trina Solar
16.2.3.1 Company Overview
16.2.3.2 Product Portfolio
16.2.3.3 Demographic Reach and Achievements
16.2.3.4 Certifications
16.2.4 JA SOLAR Technology Co.,Ltd.
16.2.4.1 Company Overview
16.2.4.2 Product Portfolio
16.2.4.3 Demographic Reach and Achievements
16.2.4.4 Certifications
16.2.5 Canadian Solar Inc.
16.2.5.1 Company Overview
16.2.5.2 Product Portfolio
16.2.5.3 Demographic Reach and Achievements
16.2.5.4 Certifications
16.2.6 Risen Energy Co., Ltd.
16.2.6.1 Company Overview
16.2.6.2 Product Portfolio
16.2.6.3 Demographic Reach and Achievements
16.2.6.4 Certifications
16.2.7 First Solar Inc.
16.2.7.1 Company Overview
16.2.7.2 Product Portfolio
16.2.7.3 Demographic Reach and Achievements
16.2.7.4 Certifications
16.2.8 Hanwha Group.
16.2.8.1 Company Overview
16.2.8.2 Product Portfolio
16.2.8.3 Demographic Reach and Achievements
16.2.8.4 Certifications
16.2.9 Golden Concord Holdings Limited
16.2.9.1 Company Overview
16.2.9.2 Product Portfolio
16.2.9.3 Demographic Reach and Achievements
16.2.9.4 Certifications
16.2.10 CHINT Group
16.2.10.1 Company Overview
16.2.10.2 Product Portfolio
16.2.10.3 Demographic Reach and Achievements
16.2.10.4 Certifications
16.2.11 Wuxi Suntech Power Co., Ltd.
16.2.11.1 Company Overview
16.2.11.2 Product Portfolio
16.2.11.3 Demographic Reach and Achievements
16.2.11.4 Certifications
16.2.12 Adani Group
16.2.12.1 Company Overview
16.2.12.2 Product Portfolio
16.2.12.3 Demographic Reach and Achievements
16.2.12.4 Certifications
16.2.13 Others
17 Key Trends and Developments in the Market
List of Figures and Tables
1. Global Solar Photovoltaic (PV) Market: Key Industry Highlights, 2018 and 2032
2. Global Solar Photovoltaic (PV) Historical Market: Breakup by Forecasting Type (USD Million), 2018-2023
3. Global Solar Photovoltaic (PV) Market Forecast: Breakup by Forecasting Type (USD Million), 2024-2032
4. Global Solar Photovoltaic (PV) Historical Market: Breakup by Organisation Size (USD Million), 2018-2023
5. Global Solar Photovoltaic (PV) Market Forecast: Breakup by Organisation Size (USD Million), 2024-2032
6. Global Solar Photovoltaic (PV) Historical Market: Breakup by End Use (USD Million), 2018-2023
7. Global Solar Photovoltaic (PV) Market Forecast: Breakup by End Use USD Million), 2024-2032
8. Global Solar Photovoltaic (PV) Historical Market: Breakup by Region (USD Million), 2018-2023
9. Global Solar Photovoltaic (PV) Market Forecast: Breakup by Region (USD Million), 2024-2032
10. North America Solar Photovoltaic (PV) Historical Market: Breakup by Country (USD Million), 2018-2023
11. North America Solar Photovoltaic (PV) Market Forecast: Breakup by Country (USD Million), 2024-2032
12. Europe Solar Photovoltaic (PV) Historical Market: Breakup by Country (USD Million), 2018-2023
13. Europe Solar Photovoltaic (PV) Market Forecast: Breakup by Country (USD Million), 2024-2032
14. Asia Pacific Solar Photovoltaic (PV) Historical Market: Breakup by Country (USD Million), 2018-2023
15. Asia Pacific Solar Photovoltaic (PV) Market Forecast: Breakup by Country (USD Million), 2024-2032
16. Latin America Solar Photovoltaic (PV) Historical Market: Breakup by Country (USD Million), 2018-2023
17. Latin America Solar Photovoltaic (PV) Market Forecast: Breakup by Country (USD Million), 2024-2032
18. Middle East and Africa Solar Photovoltaic (PV) Historical Market: Breakup by Country (USD Million), 2018-2023
19. Middle East and Africa Solar Photovoltaic (PV) Market Forecast: Breakup by Country (USD Million), 2024-2032
20. Global Solar Photovoltaic (PV) Market Structure
Key Questions Answered in the Report
In 2023, the global market for solar photovoltaic (PV)s attained a value of nearly 1,344.54 GW.
The market is assessed to grow at a CAGR of 23.30% between 2024 and 2032.
The market is estimated to witness healthy growth in the forecast period of 2024-2032 to reach almost 8,856.09 GW by 2032.
The major market drivers are growing populations, increasing number of off-grid areas, and high demands for electricity.
The key trends for the solar photovoltaic (PV) market include rapid technological advancements and increasing demand for renewable electricity
The major regions in the market are North America, Europe, the Asia Pacific, Latin America, and the Middle East and Africa.
The various technologies for solar photovoltaics include thin film, multi-Si, and mono-Si, among others.
The various deployments of solar photovoltaics include ground-mounted and rooftop solar.
The various connectivity options in the market include on-grid and off-grid.
The different end-user in the market for solar photovoltaics include residential, commercial, and utility.
The major players in the market are LONGi Green Energy Technology Co., Ltd., Jinko Solar Co., Ltd., Trina Solar, JA SOLAR Technology Co.,Ltd., Canadian Solar Inc., Risen Energy Co., Ltd., First Solar Inc., Hanwha Group., Golden Concord Holdings Limited, CHINT Group, Wuxi Suntech Power Co., Ltd., and Adani Group, among others.
Purchase Options 10% off
Call us
Purchase Full Report
Mini Report
$ 2199
$1999
-
Selected Sections, One User
-
Printing Not Allowed
-
Email Delivery in PDF
-
Free Limited Customisation -
Post Sales Analyst Support -
50% Discount on Next Update
Single User License
$ 3299
$2999
-
All Sections, One User
-
One Print Allowed
-
Email Delivery in PDF
-
Free Limited Customisation -
Post Sales Analyst Support -
50% Discount on Next Update
Five User License
$ 4399
$3999
-
All Sections, Five Users
-
Five Prints Allowed
-
Email Delivery in PDF
-
Free Limited Customisation
-
Post Sales Analyst Support
-
50% Discount on Next Update
Corporate License
$ 5499
$4999
-
All Sections, Unlimited Users
-
Unlimited Prints Allowed
-
Email Delivery in PDF + Excel
-
Free Limited Customisation
-
Post Sales Analyst Support
-
50% Discount on Next Update
Any Question? Speak With An Analyst
View A Sample
Did You Miss Anything, Ask Now
Why Expert Market Research?
Right People
We are technically excellent, strategic, practical, experienced and efficient; our analysts are hand-picked based on having the right attributes to work successfully and execute projects based on your expectations.
Right Methodology
We leverage our cutting-edge technology, our access to trusted databases, and our knowledge of the current models used in the market to deliver you research solutions that are tailored to your needs and put you ahead of the curve.
Right Price
We deliver in-depth and superior quality research in prices that are reasonable, unmatchable, and shows our understanding of your resource structure. We, additionally, offer attractive discounts on our upcoming reports.
Right Support
Our team of expert analysts are at your beck and call to deliver you optimum results that are customised to meet your precise needs within the specified timeframe and help you form a better understanding of the industry.
NEWSLETTER