Commercial & Industrial Solar PV Market Size - By Connectivity (On Grid, Off Grid), By Mounting (Ground Mounted, Roof Top), Regional Outlook & Global Forecast, 2024 – 2032
Commercial & Industrial Solar PV Market size will depict 6.4% CAGR from 2024-2032, due to rising adoption of sustainability goals and renewable energy targets to reduce carbon footprints and enhance environmental credentials. Improved installation techniques and more experienced workforce are driving down the costs associated with installing solar PV systems. The advances in solar panel technologies, such as bifacial panels and PERC (passivated emitter and rear cell) for increasing the efficiency and output of solar PV systems will also favor the market growth.
The commercial & industrial solar PV industry is segmented into connectivity, mounting and region.
In terms of connectivity, the market size from the off grid segment will record a robust CAGR from 2024 to 2032, led by the strong requirement for energy independence, cost savings, and environmental sustainability. Off-grid solar PV systems provide a reliable power source, particularly in remote and underserved areas with poor grid connectivity for ensuring continuous operations without reliance on an unstable grid. These systems also produce clean, renewable energy for helping companies reduce their carbon footprint and meet the sustainability goals.
By mounting, the commercial & industrial solar PV market value from the ground mounted segment will expand through 2032. The growth can be attributed to benefits like generating large-scale energy efficiently, flexibility in site selection, ease of maintenance, scalability, and lower installation constraints. With the influx of government incentives, ground-mounted solar PV systems have emerged as preferred solutions for meeting the substantial energy needs of the commercial and industrial sectors.
Regionally, the Asia Pacific commercial & industrial solar PV industry size may witness significant CAGR through 2032, driven by increasing corporate commitments to sustainability. Many countries in APAC are implementing supportive policies and incentives including feed-in tariffs (FiTs), tax credits, subsidies, and renewable energy targets to promote the adoption of solar PV. Surging efforts to modernize and expand grid infrastructure will also support the integration of solar PV systems for improving grid reliability and stability in the region.
- Chapter 1 Methodology & Scope
- 1.1 Research design
- 1.2 Base estimates & calculations
- 1.3 Forecast model
- 1.4 Primary research & validation
- 1.4.1 Primary sources
- 1.4.2 Data mining sources
- 1.5 Market definitions
- Chapter 2 Executive Summary
- 2.1 Industry 360° synopsis, 2021 – 2032
- Chapter 3 Industry Insights
- 3.1 Industry ecosystem
- 3.2 Regulatory landscape
- 3.3 Industry impact forces
- 3.3.1 Growth drivers
- 3.3.2 Industry pitfalls & challenges
- 3.4 Growth potential analysis
- 3.5 Porter's analysis
- 3.5.1 Bargaining power of suppliers
- 3.5.2 Bargaining power of buyers
- 3.5.3 Threat of new entrants
- 3.5.4 Threat of substitutes
- 3.6 PESTEL analysis
- Chapter 4 Competitive landscape, 2023
- 4.1 Introduction
- 4.2 Strategic dashboard
- 4.3 Innovation & sustainability landscape
- Chapter 5 Market Size and Forecast, By Connectivity, 2021 – 2032 (USD Billion & MW)
- 5.1 Key trends
- 5.2 On grid
- 5.3 Off grid
- Chapter 6 Market Size and Forecast, By Mounting, 2021 – 2032 (USD Billion & MW)
- 6.1 Key trends
- 6.2 Ground mounted
- 6.3 Roof top
- Chapter 7 Market Size and Forecast, By Region, 2021 – 2032 (USD Billion & MW)
- 7.1 Key trends
- 7.2 North America
- 7.2.1 U.S.
- 7.2.2 Canada
- 7.2.3 Mexico
- 7.3 Europe
- 7.3.1 Austria
- 7.3.2 Norway
- 7.3.3 Denmark
- 7.3.4 Finland
- 7.3.5 France
- 7.3.6 Germany
- 7.3.7 Italy
- 7.3.8 Switzerland
- 7.3.9 Spain
- 7.3.10 Sweden
- 7.3.11 UK
- 7.3.12 Netherlands
- 7.3.13 Poland
- 7.3.14 Belgium
- 7.3.15 Ireland
- 7.3.16 Baltics
- 7.3.17 Portugal
- 7.4 Asia Pacific
- 7.4.1 China
- 7.4.2 Australia
- 7.4.3 India
- 7.4.4 Japan
- 7.4.5 South Korea
- 7.4.6 Thailand
- 7.4.7 Philippines
- 7.4.8 Vietnam
- 7.4.9 Malaysia
- 7.4.10 Singapore
- 7.5 Middle East
- 7.5.1 Israel
- 7.5.2 Saudi Arabia
- 7.5.3 UAE
- 7.5.4 Jordan
- 7.5.5 Oman
- 7.5.6 Kuwait
- 7.5.7 Turkey
- 7.6 Africa
- 7.6.1 South Africa
- 7.6.2 Egypt
- 7.6.3 Algeria
- 7.6.4 Nigeria
- 7.6.5 Morocco
- 7.7 Latin America
- 7.7.1 Brazil
- 7.7.2 Argentina
- 7.7.3 Chile
- 7.7.4 Peru
- Chapter 8 Company Profiles
- 8.1 Canadian Solar
- 8.2 CsunSolarTech
- 8.3 EMMVEE SOLAR
- 8.4 JA SOLAR Technology Co., Ltd.
- 8.5 GCL-SI
- 8.6 Jinko Solar
- 8.7 Motech Industries Inc.
- 8.8 LONGi
- 8.9 Q CELLS
- 8.10 Renesola
- 8.11 REC Solar Holdings AS
- 8.12 Risen Energy Co., Ltd.
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