Europe Solar Pv Panels Market Size & Outlook, 2023-2030
Europe solar pv panels market, 2018-2030 (US$M)
Related Markets
Europe solar pv panels market highlights
- The Europe solar pv panels market generated a revenue of USD 37,425.8 million in 2023.
- The market is expected to grow at a CAGR of 7.6% from 2024 to 2030.
- In terms of segment, thin film was the largest revenue generating technology in 2023.
- Thin Film is the most lucrative technology segment registering the fastest growth during the forecast period.
- Country-wise, Croatia is expected to register the highest CAGR from 2024 to 2030.
Europe data book summary
| Market revenue in 2023 | USD 37,425.8 million |
| Market revenue in 2030 | USD 62,343.3 million |
| Growth rate | 7.6% (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 |
| 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, Europe region accounted for 22.0% of the global solar pv panels market in 2023.
- Globally, Asia Pacific is projected to lead the regional market in terms of revenue in 2030.
- Asia Pacific is the fastest growing regional market and is projected to reach USD 158,966.8 million by 2030.
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Solar PV Panels Market Scope
Solar PV Panels Market Companies
| Name | Profile | # Employees | HQ | Website |
|---|
Europe 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 45.29% in 2023. Horizon Databook has segmented the Europe solar pv panels market based on thin film, crystalline silicon covering the revenue growth of each sub-segment from 2018 to 2030.
Countries considered under Europe include Italy, Spain, France, and Germany. The notable solar companies present in the region include REC Group, Q Cells, SUNERG SOLAR S.R.L., and Hanover Solar GmbH.
The increasing use of solar panels in the region, especially in countries such as Spain and Italy as their strategic geographic location exposes them to a maximum amount of sunlight throughout the year, is expected to drive the market.
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Horizon Databook provides a detailed overview of continent-level data and insights on the Europe solar pv panels market , including forecasts for subscribers. This continent databook contains high-level insights into Europe solar pv panels market from 2018 to 2030, including revenue numbers, major trends, and company profiles.
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Europe solar pv panels market size, by country, 2018-2030 (US$M)
Europe Solar PV Panels Market Outlook Share, 2023 & 2030 (US$M)
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