Global Solar Pv Market Size & Outlook, 2026-2033
Global solar pv market, 2021-2033 (US$M)
Global solar pv market highlights
- The global solar pv market generated a revenue of USD 368.7 million in 2025 and is expected to reach USD 832.1 million by 2033.
- The market is expected to grow at a CAGR (2026 - 2033) of 10.8% by 2033.
- In terms of segment, on grid accounted for a revenue of USD 407.0 million in 2025.
- On Grid is the most lucrative connectivity segment registering the fastest growth during the forecast period.
- In terms of region, Asia Pacific was the largest revenue generating market in 2025.
Global data book summary
| Market revenue in 2025 | USD 368.7 million |
| Market revenue in 2033 | USD 832.1 million |
| Growth rate | 10.8% (CAGR from 2026 to 2033) |
| Largest segment | On grid |
| Fastest growing segment | On Grid |
| Historical data covered | 2021 - 2024 |
| Base year for estimation | 2025 |
| Forecast period covered | 2026 - 2033 |
| Quantitative units | Revenue in USD million |
| Market segmentation | On Grid |
Other key industry trends
- In terms of revenue, the North America accounted for 15.3% of the global solar pv market in 2025.
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Solar PV Market Companies
| Name | Profile | # Employees | HQ | Website |
|---|---|---|---|---|
| Sharp Corporation | View profile | 101-250 | Ryde, New South Wales, Australia, Oceania | https://sharp.net.au |
| Wuxi Suntech | View profile | 10001+ | Wuxi Shi, Jiangsu, China, Asia | https://www.suntech-power.com/ |
| Jinko Solar | View profile | 10001+ | Beijing, Beijing, China, Asia | http://www.jinkosolar.com |
| REC Solar | View profile | 11-50 | San Luis Obispo, California, United States, North America | http://www.recsolar.com/ |
| Renesola India | View profile | 51-100 | https://renesolaindia.com | |
| JA SOLAR | View profile | 5001-10000 | Shanghai, Shanghai, China, Asia | http://jasolar.com |
| SunPower Corp | View profile | 4710 | 51 Rio Robles, San Jose, CA, United States, 95134 | https://www.sunpower.com |
| Canadian Solar Inc | View profile | 22234 | 545 Speedvale Avenue West, Guelph, ON, Canada, N1K 1E6 | https://www.canadiansolar.com |
| First Solar Inc | View profile | 6700 | 350 West Washington Street, Suite 600, Tempe, AZ, United States, 85288 | https://www.firstsolar.com |
| Hanwha | View profile | 5001-10000 | Seoul, Seoul-t'ukpyolsi, South Korea, Asia | https://www.hanwhacorp.co.kr/eng/index.jsp |
| Kyocera Corp | View profile | 81209 | 6, Takeda Tobadono-cho, Fushimi-ku, Kyoto, Japan, 612-8501 | http://www.kyocera.co.jp |
Global solar pv 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 pv market will help companies and investors design strategic landscapes.
On grid was the largest segment with a revenue share of 110.39% in 2025. Horizon Databook has segmented the Global solar pv market based on on grid covering the revenue growth of each sub-segment from 2021 to 2033.
- Global Solar PV Connectivity Outlook (Revenue, USD Million, 2021-2033)
- On Grid
- Off Grid
- Global Solar PV Mounting Outlook (Revenue, USD Million, 2021-2033)
- Ground Mounted
- Roof Top
- Global Solar PV End Use Outlook (Revenue, USD Million, 2021-2033)
- Residential
- Commercial & Industrial
- Utility
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Target buyers of Global solar pv market databook
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Our clientele includes a mix of solar pv 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 pv market , including forecasts for subscribers. This global databook contains high-level insights into Global solar pv market from 2021 to 2033, including revenue numbers, major trends, and company profiles.
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Global solar pv market size, by regions, 2021-2033 (US$M)
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