Global PV (Photovoltaics) Market Growth 2025-2031

Global PV (Photovoltaics) Market Growth 2025-2031

The global PV (Photovoltaics) market size is predicted to grow from US$ 78080 million in 2025 to US$ 125980 million in 2031; it is expected to grow at a CAGR of 8.3% from 2025 to 2031.

Solar PV is one kind of device made from crystalline silicon or thin film which converts solar energy into electricity by a process known as the photovoltaic effect. The key indicator for solar PV is conversion efficiency.

In this report, the statistical product is considered from the solar module, the statistical data is considered from the shipment volume.

Global PV (Photovoltaics) key players include Jinko Solar, Trina Solar, Canadian Solar, Hanwha, JA Solar, etc. Global top five players hold a share about 40%.

China is the largest market, with a share about 30%, followed by North America and Europe, having a total share about 30 percent.

In terms of product, Polycrystalline Silicon is the largest segment, with a share about 60%. And in terms of application, the largest application is Ground Station, followed by Residential, Commercial.

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

This Insight Report provides a comprehensive analysis of the global PV (Photovoltaics) 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 PV (Photovoltaics) portfolios and capabilities, market entry strategies, market positions, and geographic footprints, to better understand these firms’ unique position in an accelerating global PV (Photovoltaics) market.

This Insight Report evaluates the key market trends, drivers, and affecting factors shaping the global outlook for PV (Photovoltaics) 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 PV (Photovoltaics).

This report presents a comprehensive overview, market shares, and growth opportunities of PV (Photovoltaics) market by product type, application, key manufacturers and key regions and countries.

Segmentation by Type:
Single Crystal Silicon
Polycrystalline Silicon
Other

Segmentation by Application:
Residential
Commercial
Ground Station

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.
Jinko Solar
Trina Solar
Canadian Solar
Hanwha
JA Solar
First Solar
ReneSola
Yingli
SunPower
Eging PV
Chint Group
Shunfeng
Risen
Solarworld
REC Group
CSUN
Hareonsolar
Kyocera Solar
Solar Frontier
HT-SAAE
SoloPower
NSP
Hanergy

Key Questions Addressed in this Report

What is the 10-year outlook for the global PV (Photovoltaics) market?

What factors are driving PV (Photovoltaics) market growth, globally and by region?

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

How do PV (Photovoltaics) market opportunities vary by end market size?

How does PV (Photovoltaics) break out by Type, by Application?

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