Italy Solar Pv Panels Market Size & Outlook, 2023-2030
Italy solar pv panels market, 2018-2030 (US$M)
Related Markets
Italy solar pv panels market highlights
- The Italy solar pv panels market generated a revenue of USD 3,655.8 million in 2023 and is expected to reach USD 6,415.1 million by 2030.
- The Italy market is expected to grow at a CAGR of 8.4% 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.
Solar pv panels market data book summary
| Market revenue in 2023 | USD 3,655.8 million |
| Market revenue in 2030 | USD 6,415.1 million |
| Growth rate | 8.4% (CAGR from 2023 to 2030) |
| Largest segment | Thin film |
| Fastest growing segment | Thin Film |
| 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, Italy accounted for 2.1% 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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Italy 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 43.08% in 2023. Horizon Databook has segmented the Italy solar pv panels market based on thin film, crystalline silicon covering the revenue growth of each sub-segment from 2018 to 2030.
The solar PV panels market is gaining momentum in the country, compared to other forms of renewable energy technologies, owing to its strategic geographic location and various government initiatives such as the Conto Energia (incentive program to produce electricity from solar sources).
Moreover, to promote solar industry in the country, the government came up with a couple of large-scale solar projects, which is expected to propel the growth of the solar PV panels market in Italy. Distributed PV applications are expected to lead Italy’s solar PV panel’s growth in 2021 and 2022, fortified by tax incentives.
In May 2020, a new 110% tax rebate was introduced for residential solar PV systems installed coupled with constructing energy-efficiency modernizations as part of the COVID‑19 economic relief package. This is expected to support PV deployment in the country.
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Horizon Databook provides a detailed overview of country-level data and insights on the Italy solar pv panels market , including forecasts for subscribers. This country databook contains high-level insights into Italy solar pv panels market from 2018 to 2030, including revenue numbers, major trends, and company profiles.
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Italy solar pv panels market size, by technology, 2018-2030 (US$M)
Italy Solar PV Panels Market Outlook Share, 2023 & 2030 (US$M)
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