Global Solar Pv Panels Market Size & Outlook

The solar pv panels industry worldwide is expected to reach a projected revenue of US$ 287,130.6 million by 2030. A compound annual growth rate of 7.8% is expected of the worldwide solar pv panels industry from 2024 to 2030.

Revenue, 2023 (US$M)
$170,246.8
Forecast, 2030 (US$M)
$287,130.6
CAGR, 2024 - 2030
7.8%
Report Coverage
Worldwide

Global solar pv panels market highlights

  • The global solar pv panels market generated a revenue of USD 170,246.8 million in 2023 and is expected to reach USD 287,130.6 million by 2030.
  • The market is expected to grow at a CAGR (2024 - 2030) of 7.8% by 2030.
  • In terms of segment, thin film accounted for a revenue of USD 72,876.1 million in 2023.
  • Thin Film is the most lucrative technology segment registering the fastest growth during the forecast period.
  • In terms of region, Asia Pacific was the largest revenue generating market in 2023.
  • Country-wise, Saudi Arabia is expected to register the highest CAGR from 2024 to 2030.


Global data book summary

Market revenue in 2023USD 170,246.8 million
Market revenue in 2030USD 287,130.6 million
Growth rate7.8% (CAGR from 2023 to 2030)
Largest segmentThin film
Fastest growing segmentThin Film
Historical data covered2018 - 2022
Base year for estimation2023
Forecast period covered2024 - 2030
Quantitative unitsRevenue in USD million
Market segmentationThin Film, Crystalline Silicon


Other key industry trends

  • In terms of revenue, the North America accounted for 15.9% of the global solar pv panels market in 2023.
  • By country, the China is projected to lead the global market in terms of revenue in 2030.
  • By country, Saudi Arabia is the fastest growing regional market and is projected to reach USD 1,123.1 million by 2030.

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Solar PV Panels Market Companies

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Global solar pv panels 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 panels market will help companies and investors design strategic landscapes.


thin film was the largest segment with a revenue share of 42.81% in 2023. Horizon Databook has segmented the Global solar pv panels market based on thin film, crystalline silicon covering the revenue growth of each sub-segment from 2018 to 2030.



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Horizon Databook provides a detailed overview of global-level data and insights on the Global solar pv panels market , including forecasts for subscribers. This global databook contains high-level insights into Global solar pv panels market from 2018 to 2030, including revenue numbers, major trends, and company profiles.

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Global solar pv panels market statistics, by regions, 2018-2030 (US$M)

Top 10 countries: Solar pv panels market size, 2023 (USD million)

Top 10 countries: Solar pv panels market size, 2023 (USD million)

Global solar pv panels market, by region, 2023 (US$M)

Global solar pv panels market statistics, by regions, 2018-2030 (US$M)

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