Global Solar Pv Panels Market Size & Outlook, 2023-2030
Global solar pv panels market, 2018-2030 (US$M)
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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 2023 | USD 170,246.8 million |
| Market revenue in 2030 | USD 287,130.6 million |
| Growth rate | 7.8% (CAGR from 2023 to 2030) |
| Largest segment | Thin film |
| Fastest growing segment | Thin Film |
| Historical data covered | 2018 - 2022 |
| Base year for estimation | 2023 |
| Forecast period covered | 2024 - 2030 |
| Quantitative units | Revenue in USD million |
| Market segmentation | Thin 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 Scope
Solar PV Panels Market Companies
| Name | Profile | # Employees | HQ | Website |
|---|---|---|---|---|
| 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 |
| JinkoSolar Holding Co Ltd DR | View profile | 31030 | 1 Yingbin Road, Shangrao Economic Development Zone, Jiangxi Province, Shangrao, China, People's Republic of, 334100 | https://www.jinkosolar.com/en |
| GCL Technology Holdings Ltd | View profile | 12446 | 1 Austin Road West, Unit 1703-1706, Level 17, International Commerce Centre, Hong Kong, Hong Kong | http://www.gcltech.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 |
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 size, by regions, 2018-2030 (US$M)
Top 10 countries: Solar pv panels market size, 2023 (US$M)
Global solar pv panels market share, by technology, 2023 & 2030 (%, US$M)
Solar pv panels market: Opportunity assessment by country
Global solar pv panels market, by region, 2023 (US$M)
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