Global Solar Energy Systems Market Size & Outlook
Global solar energy systems market, 2019-2030 (US$B)
Related Markets
Global solar energy systems market highlights
- The global solar energy systems market generated a revenue of USD 189.5 billion in 2022 and is expected to reach USD 607.8 billion by 2030.
- The market is expected to grow at a CAGR (2023 - 2030) of 15.7% by 2030.
- In terms of segment, solar panels accounted for a revenue of USD 78.7 billion in 2022.
- Battery is the most lucrative product segment registering the fastest growth during the forecast period.
- In terms of region, Asia Pacific was the largest revenue generating market in 2022.
- Country-wise, New Zealand is expected to register the highest CAGR from 2023 to 2030.
Global data book summary
| Market revenue in 2022 | USD 189.5 billion |
| Market revenue in 2030 | USD 607.8 billion |
| Growth rate | 15.7% (CAGR from 2022 to 2030) |
| Largest segment | Solar panels |
| Fastest growing segment | Battery |
| Historical data covered | 2019 - 2021 |
| Base year for estimation | 2022 |
| Forecast period covered | 2023 - 2030 |
| Quantitative units | Revenue in USD billion |
| Market segmentation | Solar Panels, Charge Controllers, Battery, Inverter |
Other key industry trends
- In terms of revenue, the North America accounted for 12.4% of the global solar energy systems market in 2022.
- By country, the China is projected to lead the global market in terms of revenue in 2030.
- By country, New Zealand is the fastest growing regional market and is projected to reach USD 0.1 billion by 2030.
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Solar Energy Systems Market Scope
Solar Energy Systems Market Companies
| Name | Profile | # Employees | HQ | Website |
|---|
Global solar energy systems market outlook
The databook is designed to serve as a comprehensive guide to navigating this sector. The databook focuses on market statistics denoted in the form of revenue and y-o-y growth and CAGR across the globe and regions. A detailed competitive and opportunity analyses related to solar energy systems market will help companies and investors design strategic landscapes.
Solar panels was the largest segment with a revenue share of 41.53% in 2022. Horizon Databook has segmented the Global solar energy systems market based on solar panels, charge controllers, battery, inverter covering the revenue growth of each sub-segment from 2019 to 2030.
- Global Solar Energy Systems Product Outlook (Revenue, USD Billion, 2019-2030)
- Solar Panels
- Charge Controllers
- Battery
- Inverter
- Others
- Global Solar Energy Systems End Use Outlook (Revenue, USD Billion, 2019-2030)
- Residential
- Commercial
- Industrial
- Utility
- Global Solar Energy Systems Source Outlook (Revenue, USD Billion, 2019-2030)
- New Installation
- MRO
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Target buyers of Global solar energy systems market databook
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Our clientele includes a mix of solar energy systems market companies, investment firms, advisory firms & academic institutions.
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30% of our revenue is generated working with investment firms and helping them identify viable opportunity areas.
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Approximately 65% of our revenue is generated working with competitive intelligence & market intelligence teams of market participants (manufacturers, service providers, etc.).
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The rest of the revenue is generated working with academic and research not-for-profit institutes. We do our bit of pro-bono by working with these institutions at subsidized rates.
Horizon Databook provides a detailed overview of global-level data and insights on the Global solar energy systems market , including forecasts for subscribers. This global databook contains high-level insights into Global solar energy systems market from 2019 to 2030, including revenue numbers, major trends, and company profiles.
Partial client list
Global solar energy systems market size, by regions, 2019-2030 (US$B)
Top 10 countries: Solar energy systems market size, 2022 (US$B)
Global solar energy systems market share, by product, 2022 & 2030 (%, US$B)
Solar energy systems market: Opportunity assessment by country
Global solar energy systems market, by region, 2022 (US$B)
Related regional statistics
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