Croatia Solar Pv Panels Market Size & Outlook, 2023-2030
Croatia solar pv panels market, 2018-2030 (US$M)
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Croatia solar pv panels market highlights
- The Croatia solar pv panels market generated a revenue of USD 460.3 million in 2023 and is expected to reach USD 1,371.6 million by 2030.
- The Croatia market is expected to grow at a CAGR of 16.9% from 2024 to 2030.
- In terms of segment, thin film was the largest revenue generating technology in 2023.
- Crystalline Silicon is the most lucrative technology segment registering the fastest growth during the forecast period.
Solar pv panels market data book summary
| Market revenue in 2023 | USD 460.3 million |
| Market revenue in 2030 | USD 1,371.6 million |
| Growth rate | 16.9% (CAGR from 2023 to 2030) |
| Largest segment | Thin film |
| Fastest growing segment | Crystalline Silicon |
| Historical data | 2018 - 2022 |
| Base year | 2023 |
| Forecast period | 2024 - 2030 |
| Quantitative units | Revenue in USD million |
| Market segmentation | Thin Film, Crystalline Silicon |
| Key market players worldwide | JinkoSolar Holding Co Ltd DR, Canadian Solar Inc, Hanwha, GCL Technology Holdings Ltd, First Solar Inc, SunPower Corp |
Other key industry trends
- In terms of revenue, Croatia accounted for 0.3% of the global solar pv panels market in 2023.
- Country-wise, China is expected to lead the global market in terms of revenue in 2030.
- In Europe, Russia solar pv panels market is projected to lead the regional market in terms of revenue in 2030.
- Croatia is the fastest growing regional market in Europe and is projected to reach USD 1,371.6 million by 2030.
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Solar PV Panels Market Scope
Solar PV Panels Market Companies
| Name | Profile | # Employees | HQ | Website |
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Croatia 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 79.58% in 2023. Horizon Databook has segmented the Croatia solar pv panels market based on thin film, crystalline silicon covering the revenue growth of each sub-segment from 2018 to 2030.
Solar PV panels market in Croatia is expected to grow at a significant rate during the forecast period owing to increasing investments in promoting the usage of solar energy and reducing carbon dioxide emissions in the country.
According to the European Investment Bank, Croatia is working toward a renewable energy adoption plan to cut down its carbon dioxide emissions by 45% by 2030 and stop using coal for energy generation by 2033. In 2020, Croatia adopted the National Energy and Climate plan, which aims to reduce greenhouse gas emissions from the country by 55% by 2030.
This plan is expected to attract significant investments in the energy generation industry of the country for the development of solar photovoltaic plants, hydropower plants, hydrogen energy generation, wind farms, etc. Similarly, in April 2022, the Government of Croatia announced the list of 216 renewable energy projects comprising 16 solar power plants, to be carried out in the country in the coming years.
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Horizon Databook provides a detailed overview of country-level data and insights on the Croatia solar pv panels market , including forecasts for subscribers. This country databook contains high-level insights into Croatia solar pv panels market from 2018 to 2030, including revenue numbers, major trends, and company profiles.
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Croatia solar pv panels market size, by technology, 2018-2030 (US$M)
Croatia Solar PV Panels Market Outlook Share, 2023 & 2030 (US$M)
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