Solar Energy Market: Global Market Size, Forecast, Insights, Segmentation, and Competitive Landscape with Impact of COVID-19 & Russia-Ukraine War
The global solar energy market is expected to grow at a CAGR of around 5.3% during 2025-2034. This report on global solar energy market report provides holistic understanding of the market along with market sizing, forecast, drivers, challenges, and competitive landscape. The report presents a clear picture of the global solar energy market by segmenting the market based on technology, solar module, application, end use, and region. Also, detailed profiles of companies operating in the solar energy market are provided in this report. We believe that this report will aid the professionals and industry stakeholders in making informed decision.
Market Drivers
• Requires Minimum Maintenance
• Pollution Free
• Increasing Government Initiatives
Market Challenges
• Huge Installation Cost
• Lack of Awareness
Historical & Forecast Period
Base Year: 2024
Historical Period: 2020-2024
Forecast Period: 2025-2034
Market by Technology
• Photovoltaic Systems
• Concentrated Solar Power Systems
Market by Solar Module
• Cadmium Telluride
• Amorphous Silicon Cells
• Monocrystalline
• Polycrystalline
Market by Application
• Residential
• Commercial
• Industrial
Market by End Use
• Electricity Generation
• Lighting
• Heating
• Charging
Market by Region
• Europe
Germany
United Kingdom
France
Italy
Spain
Russia
Netherlands
Rest of Europe
• North America
United States
Canada
• Asia Pacific
China
Japan
India
South Korea
Australia
Indonesia
Rest of Asia Pacific
• Latin America
Mexico
Brazil
Argentina
Rest of Latin America
• Middle East & Africa
Saudi Arabia
Turkey
Iran
United Arab Emirates
Rest of Middle East & Africa
- 1. Preface
- 1.1 Objective
- 1.2 Target Audience & Key Offerings
- 1.3 Report’s Scope
- 1.4 Research Methodology
- 1.4.1 Phase I
- 1.4.2 Phase II
- 1.4.3 Phase III
- 1.5 Assumptions
- 2. Key Insights
- 3. Global Solar Energy Market Market
- 3.1. Introduction
- 3.2. Market Drivers
- 3.3. Market Challenges
- 4. Global Solar Energy Market Analysis
- 4.1. Market Portraiture
- 4.2. Market Size
- 4.3. Market Forecast
- 4.4. Impact of COVID-19
- 4.5. Impact of Russia-Ukraine War
- 5. Global Solar Energy Market by Technology
- 5.1. Introduction
- 5.2. Photovoltaic Systems
- 5.3. Concentrated Solar Power Systems
- 6. Global Solar Energy Market by Solar Module
- 6.1. Introduction
- 6.2. Cadmium Telluride
- 6.3. Amorphous Silicon Cells
- 6.4. Monocrystalline
- 6.5. Polycrystalline
- 7. Global Solar Energy Market by Application
- 7.1. Introduction
- 7.2. Residential
- 7.3. Commercial
- 7.4. Industrial
- 8. Global Solar Energy Market by End Use
- 8.1. Introduction
- 8.2. Electricity Generation
- 8.3. Lighting
- 8.4. Heating
- 8.5. Charging
- 9. Global Solar Energy Market by Region
- 9.1. Introduction
- 9.2. Europe
- 9.2.1. Germany
- 9.2.2. United Kingdom
- 9.2.3. France
- 9.2.4. Italy
- 9.2.5. Spain
- 9.2.6. Russia
- 9.2.7. Netherlands
- 9.2.8. Rest of the Europe
- 9.3. North America
- 9.3.1. United States
- 9.3.2. Canada
- 9.4. Asia Pacific
- 9.4.1. China
- 9.4.2. Japan
- 9.4.3. India
- 9.4.4. South Korea
- 9.4.5. Australia
- 9.4.6. Indonesia
- 9.4.7. Rest of the Asia Pacific
- 9.5. Latin America
- 9.5.1. Mexico
- 9.5.2. Brazil
- 9.5.3. Argentina
- 9.5.4. Rest of Latin America
- 9.6. Middle East & Africa
- 9.6.1. Saudi Arabia
- 9.6.2. Turkey
- 9.6.3. Iran
- 9.6.4. United Arab Emirates
- 9.6.5. Rest of Middle East & Africa
- 10. SWOT Analysis
- 11. Porter’s Five Forces
- 12. Market Value Chain Analysis
- 13. Competitive Landscape
- 13.1. Competitive Scenario
- 13.2. Company Profiles
- 13.2.1. Abengoa SA
- 13.2.2. Acciona SA
- 13.2.3. ACWA Power
- 13.2.4. Brightsource Energy Inc.
- 13.2.5. Canadian Solar Inc.
- 13.2.6. Engie SA
- 13.2.7. First Solar Inc.
- 13.2.8. Hanwha
- 13.2.9. JA Solar Holding
- 13.2.10. JinkoSolar Holding Co. Ltd
- 13.2.11. LONGi Green Energy Technology Co. Ltd
- 13.2.12. NextEra Energy Inc.
- 13.2.13. REC Solar Holdings AS
- 13.2.14. Sharp Corporation
- 13.2.15. SunPower Corporation
- 13.2.16. Trina Solar Co. Ltd
- List of Figures
- Figure 1: Global Solar Energy Market(in US$ Million), 2020-2024
- Figure 2: Global Solar Energy Market by Technology, 2024
- Figure 3: Global Solar Energy Market by Solar Module, 2024
- Figure 4: Global Solar Energy Market by Application, 2024
- Figure 5: Global Solar Energy Market by End Use, 2024
- Figure 6: Global Solar Energy Market by Region, 2024
- Figure 7: Global Solar Energy Market(in US$ Million), 2025-2034
- Figure 8: Global Solar Energy Market by Technology (in %), 2024 & 2034
- Figure 9: Global Photovoltaic Systems Solar Energy Market(in US$ Million), 2020-2024
- Figure 10: Global Photovoltaic Systems Solar Energy Market(in US$ Million), 2025-2034
- Figure 11: Global Concentrated Solar Power Systems Solar Energy Market(in US$ Million), 2020-2024
- Figure 12: Global Concentrated Solar Power Systems Solar Energy Market(in US$ Million), 2025-2034
- Figure 13: Global Solar Energy Market by Solar Module (in %), 2024 & 2034
- Figure 14: Global Cadmium Telluride Solar Module Solar Energy Market(in US$ Million), 2020-2024
- Figure 15: Global Cadmium Telluride Solar Module Solar Energy Market(in US$ Million), 2025-2034
- Figure 16: Global Amorphous Silicon Cells Solar Module Solar Energy Market(in US$ Million), 2020-2024
- Figure 17: Global Amorphous Silicon Cells Solar Module Solar Energy Market(in US$ Million), 2025-2034
- Figure 18: Global Monocrystalline Solar Module Solar Energy Market(in US$ Million), 2020-2024
- Figure 19: Global Monocrystalline Solar Module Solar Energy Market(in US$ Million), 2025-2034
- Figure 20: Global Polycrystalline Solar Module Solar Energy Market(in US$ Million), 2020-2024
- Figure 21: Global Polycrystalline Solar Module Solar Energy Market(in US$ Million), 2025-2034
- Figure 22: Global Solar Energy Market by Application (in %), 2024 & 2034
- Figure 23: Global Residential Solar Energy Market(in US$ Million), 2020-2024
- Figure 24: Global Residential Solar Energy Market(in US$ Million), 2025-2034
- Figure 25: Global Commercial Solar Energy Market(in US$ Million), 2020-2024
- Figure 26: Global Commercial Solar Energy Market(in US$ Million), 2025-2034
- Figure 27: Global Industrial Solar Energy Market(in US$ Million), 2020-2024
- Figure 28: Global Industrial Solar Energy Market(in US$ Million), 2025-2034
- Figure 29: Global Solar Energy Market by End Use (in %), 2024 & 2034
- Figure 30: Global Electricity Generation Solar Energy Market(in US$ Million), 2020-2024
- Figure 31: Global Electricity Generation Solar Energy Market(in US$ Million), 2025-2034
- Figure 32: Global Lighting Solar Energy Market(in US$ Million), 2020-2024
- Figure 33: Global Lighting Solar Energy Market(in US$ Million), 2025-2034
- Figure 34: Global Heating Solar Energy Market(in US$ Million), 2020-2024
- Figure 35: Global Heating Solar Energy Market(in US$ Million), 2025-2034
- Figure 36: Global Charging Solar Energy Market(in US$ Million), 2020-2024
- Figure 37: Global Charging Solar Energy Market(in US$ Million), 2025-2034
- Figure 38: Global Solar Energy Market by Region (in %), 2024 & 2034
- Figure 39: Europe Solar Energy Market(in US$ Million), 2020-2024
- Figure 40: Europe Solar Energy Market(in US$ Million), 2025-2034
- Figure 41: Europe Solar Energy Market by Country (in %), 2024 & 2034
- Figure 42: Germany Solar Energy Market(in US$ Million), 2020-2034
- Figure 43: United Kingdom Solar Energy Market(in US$ Million), 2020-2034
- Figure 44: France Solar Energy Market(in US$ Million), 2020-2034
- Figure 45: Italy Solar Energy Market(in US$ Million), 2020-2034
- Figure 46: Spain Solar Energy Market(in US$ Million), 2020-2034
- Figure 47: Russia Solar Energy Market(in US$ Million), 2020-2034
- Figure 48: Netherlands Solar Energy Market(in US$ Million), 2020-2034
- Figure 49: North America Solar Energy Market(in US$ Million), 2020-2024
- Figure 50: North America Solar Energy Market(in US$ Million), 2025-2034
- Figure 51: North America Solar Energy Market by Country (in %), 2024 & 2034
- Figure 52: United States Solar Energy Market(in US$ Million), 2020-2034
- Figure 53: Canada Solar Energy Market(in US$ Million), 2020-2034
- Figure 54: Asia Pacific Solar Energy Market(in US$ Million), 2020-2024
- Figure 55: Asia Pacific Solar Energy Market(in US$ Million), 2025-2034
- Figure 56: Asia Pacific Solar Energy Market by Country (in %), 2024 & 2034
- Figure 57: China Solar Energy Market(in US$ Million), 2020-2034
- Figure 58: Japan Solar Energy Market(in US$ Million), 2020-2034
- Figure 59: India Solar Energy Market(in US$ Million), 2020-2034
- Figure 60: South Korea Solar Energy Market(in US$ Million), 2020-2034
- Figure 61: Australia Solar Energy Market(in US$ Million), 2020-2034
- Figure 62: Indonesia Solar Energy Market(in US$ Million), 2020-2034
- Figure 63: Latin America Solar Energy Market(in US$ Million), 2020-2024
- Figure 64: Latin America Solar Energy Market(in US$ Million), 2025-2034
- Figure 65: Latin America Solar Energy Market by Country (in %), 2024 & 2034
- Figure 66: Mexico Solar Energy Market(in US$ Million), 2020-2034
- Figure 67: Brazil Solar Energy Market(in US$ Million), 2020-2034
- Figure 68: Argentina Solar Energy Market(in US$ Million), 2020-2034
- Figure 69: Middle East & Africa Solar Energy Market(in US$ Million), 2020-2024
- Figure 70: Middle East & Africa Solar Energy Market(in US$ Million), 2025-2034
- Figure 71: Middle East & Africa Solar Energy Market by Country (in %), 2024 & 2034
- Figure 72: Saudi Arabia Solar Energy Market(in US$ Million), 2020-2034
- Figure 73: Turkey Solar Energy Market(in US$ Million), 2020-2034
- Figure 74: Iran Solar Energy Market(in US$ Million), 2020-2034
- Figure 75: UAE Solar Energy Market(in US$ Million), 2020-2034
- Figure 76: Market Value Chain
- List of Tables
- Table 1: Global Solar Energy Market Portraiture
- Table 2: Global Solar Energy Market by Technology (in US$ Million), 2024 & 2034
- Table 3: Global Solar Energy Market by Solar Module (in US$ Million), 2024 & 2034
- Table 4: Global Solar Energy Market by Application (in US$ Million), 2024 & 2034
- Table 5: Global Solar Energy Market by End Use (in US$ Million), 2024 & 2034
- Table 6: Global Solar Energy Market by Region (in US$ Million), 2024 & 2034
- Table 7: Europe Solar Energy Market by Country (in US$ Million), 2024 & 2034
- Table 8: North America Solar Energy Market by Country (in US$ Million), 2024 & 2034
- Table 9: Asia Pacific Solar Energy Market by Country (in US$ Million), 2024 & 2034
- Table 10: Latin America Solar Energy Market by Country (in US$ Million), 2024 & 2034
- Table 11: Middle East & Africa Solar Energy Market by Country (in US$ Million),
- 2024 & 2034
- Table 12: List of Key Players
Research Assistance
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