Global Solar Photovoltaic (PV) Panels Market Growth 2025-2031

Global Solar Photovoltaic (PV) Panels Market Growth 2025-2031

The global Solar Photovoltaic (PV) Panels market size is predicted to grow from US$ 48100 million in 2025 to US$ 79860 million in 2031; it is expected to grow at a CAGR of 8.8% from 2025 to 2031.

A solar cell or photovoltaic (PV) cell is a semiconductor device that converts light directly into electricity by the photovoltaic effect. The most common material in solar cell production is purified silicon that can be applied in different ways.

A (Solar Photovoltaic (PV) Panels) PV module is an assembly of photo-voltaic cells mounted in a framework for installation. Photo-voltaic cells use sunlight as a source of energy and generate direct current electricity. A collection of PV modules is called a PV Panel, and a system of Panels is an Array. Arrays of a photovoltaic system supply solar electricity to electrical equipment.

Asia is the largest Solar Photovoltaic (PV) Panels market with about 58% market share. Europe is follower with about 18% market share.

The key players are LONGi, JinkoSolar, JA Solar, Trina Solar, Canadian Solar, Hanwha Solutions, Risen Energy, First Solar, Chint Electrics, GCL System, SunPower, Solargiga, Shunfeng, EGing PV, Seraphim, Jinergy, LG Business Solutions, Jolywood, Tangshan Haitai, HT-SAAE, Talesun Solar, etc. The top 3 brands account for almost 40% revenue market share.

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

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

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

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

Segmentation by Type:
Mono-Si Modules
Multi-Si Modules
CdTe Modules
CIGS Modules
A-Si Modules
Others

Segmentation by Application:
PV Power Station
Commercial
Residential
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.
LONGi
JinkoSolar
JA Solar
Trina Solar
Canadian Solar
Hanwha Solutions
Risen Energy
First Solar
Chint Electrics
GCL System
SunPower
Solargiga
Shunfeng
EGing PV
Seraphim
Jinergy
LG Business Solutions
Jolywood
Tangshan Haitai
HT-SAAE
Talesun Solar

Key Questions Addressed in this Report

What is the 10-year outlook for the global Solar Photovoltaic (PV) Panels market?

What factors are driving Solar Photovoltaic (PV) Panels market growth, globally and by region?

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

How do Solar Photovoltaic (PV) Panels market opportunities vary by end market size?

How does Solar Photovoltaic (PV) Panels break out by Type, by Application?

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