Global Grid-connected Photovoltaic System Market Growth 2025-2031

The global Grid-connected Photovoltaic System market size is predicted to grow from US$ million in 2025 to US$ million in 2031; it is expected to grow at a CAGR of %from 2025 to 2031.

The solar photovoltaic power generation system connected to the public grid is called a grid-connected photovoltaic power generation system. The system structure includes solar cell arrays, DC/DC converters, DC/AC inverters, AC loads, transformers and other components. The grid-connected photovoltaic power generation system can convert the direct current output by the solar cell array into alternating current with the same amplitude, frequency and phase as the grid voltage, and realize the connection with the grid and transmit electric energy to the grid.

China has implemented the Renewable Energy Law since 2006, in which Article 4 clearly states that, the State gives first priority to the exploration of renewable energy. Over the years, various departments of the Chinese government have successively issued a large number of policies, covering production, sales, taxation, subsidies and other aspects. After setting the carbon neutrality goal in 2021, from a national perspective, the upgrading of the energy structure is ever imperative, and therefore the optoelectronic industry has great potential. The European Commission released the Net-Zero Industry Act in 2023. This bill aims to stimulate local manufacturing in Europe, reduce import dependence on China, and ensure that at least 40% of the EU"s clean energy demand can be met by 2030. The EU targets an installed solar capacity of 600 GW. Overall, the European market still has a lot of room for development. US 2022 release of the Inflation Reduction Act, which includes $369 billion for energy security and climate change investments. For the photovoltaic industry, the bill stimulates its development from multiple aspects such as corporate and individual tax credits, production subsidies, and loans throughout the industry chain, and revitalizes the domestic manufacturing industry in the United States. Japanese authorities plan to make solar panels mandatory for new residential buildings in Tokyo from 2025 onwards. It is estimated that by 2030, photovoltaic power generation will account for 14%-16% of Japan"s total power generation, and the cumulative installed capacity of photovoltaic systems will be about 117.140 GW.

LP Information, Inc. (LPI) ' newest research report, the “Grid-connected Photovoltaic System Industry Forecast” looks at past sales and reviews total world Grid-connected Photovoltaic System sales in 2024, providing a comprehensive analysis by region and market sector of projected Grid-connected Photovoltaic System sales for 2025 through 2031. With Grid-connected Photovoltaic System sales broken down by region, market sector and sub-sector, this report provides a detailed analysis in US$ millions of the world Grid-connected Photovoltaic System industry.

This Insight Report provides a comprehensive analysis of the global Grid-connected Photovoltaic System landscape and highlights key trends related to product segmentation, company formation, revenue, and market share, latest development, and M&A activity. This report also analyzes the strategies of leading global companies with a focus on Grid-connected Photovoltaic System portfolios and capabilities, market entry strategies, market positions, and geographic footprints, to better understand these firms’ unique position in an accelerating global Grid-connected Photovoltaic System market.

This Insight Report evaluates the key market trends, drivers, and affecting factors shaping the global outlook for Grid-connected Photovoltaic System and breaks down the forecast by Type, by Application, geography, and market size to highlight emerging pockets of opportunity. With a transparent methodology based on hundreds of bottom-up qualitative and quantitative market inputs, this study forecast offers a highly nuanced view of the current state and future trajectory in the global Grid-connected Photovoltaic System.

This report presents a comprehensive overview, market shares, and growth opportunities of Grid-connected Photovoltaic System market by product type, application, key manufacturers and key regions and countries.

Segmentation by Type:
Solar Panels
Power Conditioning Unit
Grid-connected Equipment
Inverter
Others

Segmentation by Application:
Residential
Commercial
Industry
Others

This report also splits the market by region:
Americas
United States
Canada
Mexico
Brazil
APAC
China
Japan
Korea
Southeast Asia
India
Australia
Europe
Germany
France
UK
Italy
Russia
Middle East & Africa
Egypt
South Africa
Israel
Turkey
GCC Countries

The below companies that are profiled have been selected based on inputs gathered from primary experts and analysing the company's coverage, product portfolio, its market penetration.
SunPower
Zytech Solar
Ravano Green Powers
KYOCERA Corporation
Canadian Solar
SHARP
First Solar Inc
KANEKA CORPORATION
ReneSola Power
TRIENERGY Schweiz AG
SMA Solar Technology
GoodWe
Power Electronics
SolarEdge
TMEIC
Suntech Power Holdings Co., Ltd
Tongwei Co.,Ltd
Sungrow Power Supply Co.,Ltd
Ginlong Technologies Co.,Ltd
Guangdong Growatt New Energy Co., Ltd
Huawei Technologies Co., Ltd
Jinko Solar Co.,Ltd
SINENG ELECTRIC CO.,LTD
Trina Solar Limited

Key Questions Addressed in this Report

What is the 10-year outlook for the global Grid-connected Photovoltaic System market?

What factors are driving Grid-connected Photovoltaic System market growth, globally and by region?

Which technologies are poised for the fastest growth by market and region?

How do Grid-connected Photovoltaic System market opportunities vary by end market size?

How does Grid-connected Photovoltaic System break out by Type, by Application?

Please note: The report will take approximately 2 business days to prepare and deliver.