Global Solar Panel System Market Growth 2025-2031

Publication ID:

LPI03257746

Publication Date:

March 4, 2025

Pages:

Publisher:

LPI

Countries:

Global [1]

USD 3,660.00

Energy Trading & Marketing [2]

Electricity [3]

Energy & Utilities [4]

Description:

The global Solar Panel System market size is predicted to grow from US$ 171610 million in 2025 to US$ 280070 million in 2031; it is expected to grow at a CAGR of 8.5% from 2025 to 2031.
A solar panel is a device that collects sunlight and turns it into usable electricity . Solar panels are usually made of solar cells (made from the element silicon), wiring, a metal frame, and a glass cover. A typical solar panel is about four feet wide, and six feet tall.
It is expected that global demand for photovoltaic products will remain high in the next few years. According to our PV & Solar Research Center, by the end of 2022, the global cumulative installed photovoltaic power generation capacity is about 1180 GW. According to the data of China Photovoltaic Industry Association, the global newly installed photovoltaic capacity in 2022 is about 230 GW, and this number in 2023 is predicted to be 280-330 GW. According to the data of the Ministry of Industry and Information Technology, the total output value of China"s photovoltaic industry exceeded 1.4 trillion yuan in 2022. From the perspective of production value, mainland China is still the global center of the PV industry. According to the International Energy Agency, China market share in all key products of the supply chain have exceeded 80%. Among them, the production capacity of silicon wafers, solar cells, and components accounts for as high as 98%, 85% and 77%, respectively. According to the data released by the European Photovoltaic Association, 27 EU countries gained a new PV installed capacity of 41.4 GW in 2022. According to the report of the US Solar Energy Industries Association (SEIA), the US held a new PV installed capacity of less than 19 GW in 2022. But it is estimated that from 2023, the average annual growth rate of new photovoltaic installed capacity will exceed 21%. In terms of Japan, based on data from Fitch and the US Energy Information Administration (EIA), in 2022, Japan"s newly installed photovoltaic capacity was 3.216 GW.
The 鈥淪olar Panel System Industry Forecast鈥� looks at past sales and reviews total world Solar Panel System sales in 2024, providing a comprehensive analysis by region and market sector of projected Solar Panel System sales for 2025 through 2031. With Solar Panel System sales broken down by region, market sector and sub-sector, this report provides a detailed analysis in US$ millions of the world Solar Panel System industry.
This Insight Report provides a comprehensive analysis of the global Solar Panel System landscape and highlights key trends related to product segmentation, company formation, revenue, and market share, latest development, and M&A activity. This report also analyzes the strategies of leading global companies with a focus on Solar Panel System portfolios and capabilities, market entry strategies, market positions, and geographic footprints, to better understand these firms鈥� unique position in an accelerating global Solar Panel System market.
This Insight Report evaluates the key market trends, drivers, and affecting factors shaping the global outlook for Solar Panel System and breaks down the forecast by Type, by Application, geography, and market size to highlight emerging pockets of opportunity. With a transparent methodology based on hundreds of bottom-up qualitative and quantitative market inputs, this study forecast offers a highly nuanced view of the current state and future trajectory in the global Solar Panel System.
This report presents a comprehensive overview, market shares, and growth opportunities of Solar Panel System market by product type, application, key manufacturers and key regions and countries.
Segmentation by Type:
Monocrystalline
Polycrystalline
Thin Film
Others
Segmentation by Application:
Residential
Commercial
Industrial
This report also splits the market by region:
Americas
United States
Canada
Mexico
Brazil
APAC
China
Japan
Korea
Southeast Asia
India
Australia
Europe
Germany
France
UK
Italy
Russia
Middle East & Africa
Egypt
South Africa
Israel
Turkey
GCC Countries
The below companies that are profiled have been selected based on inputs gathered from primary experts and analysing the company's coverage, product portfolio, its market penetration.
Jinko Solar
JA Solar
Trina Solar
LONGi Solar
Canadian Solar
SunPower Corporation
First Solar
Hanwha Q-CELLS
Risen Energy
Talesun
Key Questions Addressed in this Report
What is the 10-year outlook for the global Solar Panel System market?
What factors are driving Solar Panel System market growth, globally and by region?
Which technologies are poised for the fastest growth by market and region?
How do Solar Panel System market opportunities vary by end market size?
How does Solar Panel System break out by Type, by Application?

Please Note - This is an on demand report and will be delivered in 2 business days (48 hours) post payment.

Table Of Contents:

1 Scope of the Report
1.1 Market Introduction
1.2 Years Considered
1.3 Research Objectives
1.4 Market Research Methodology
1.5 Research Process and Data Source
1.6 Economic Indicators
1.7 Currency Considered
1.8 Market Estimation Caveats
2 Executive Summary
2.1 World Market Overview
2.1.1 Global Solar Panel System Annual Sales 2020-2031
2.1.2 World Current & Future Analysis for Solar Panel System by Geographic Region, 2020, 2024 & 2031
2.1.3 World Current & Future Analysis for Solar Panel System by Country/Region, 2020, 2024 & 2031
2.2 Solar Panel System Segment by Type
2.2.1 Monocrystalline
2.2.2 Polycrystalline
2.2.3 Thin Film
2.2.4 Others
2.3 Solar Panel System Sales by Type
2.3.1 Global Solar Panel System Sales Market Share by Type (2020-2025)
2.3.2 Global Solar Panel System Revenue and Market Share by Type (2020-2025)
2.3.3 Global Solar Panel System Sale Price by Type (2020-2025)
2.4 Solar Panel System Segment by Application
2.4.1 Residential
2.4.2 Commercial
2.4.3 Industrial
2.5 Solar Panel System Sales by Application
2.5.1 Global Solar Panel System Sale Market Share by Application (2020-2025)
2.5.2 Global Solar Panel System Revenue and Market Share by Application (2020-2025)
2.5.3 Global Solar Panel System Sale Price by Application (2020-2025)
3 Global by Company
3.1 Global Solar Panel System Breakdown Data by Company
3.1.1 Global Solar Panel System Annual Sales by Company (2020-2025)
3.1.2 Global Solar Panel System Sales Market Share by Company (2020-2025)
3.2 Global Solar Panel System Annual Revenue by Company (2020-2025)
3.2.1 Global Solar Panel System Revenue by Company (2020-2025)
3.2.2 Global Solar Panel System Revenue Market Share by Company (2020-2025)
3.3 Global Solar Panel System Sale Price by Company
3.4 Key Manufacturers Solar Panel System Producing Area Distribution, Sales Area, Product Type
3.4.1 Key Manufacturers Solar Panel System Product Location Distribution
3.4.2 Players Solar Panel System Products Offered
3.5 Market Concentration Rate Analysis
3.5.1 Competition Landscape Analysis
3.5.2 Concentration Ratio (CR3, CR5 and CR10) & (2023-2025)
3.6 New Products and Potential Entrants
3.7 Market M&A Activity & Strategy
4 World Historic Review for Solar Panel System by Geographic Region
4.1 World Historic Solar Panel System Market Size by Geographic Region (2020-2025)
4.1.1 Global Solar Panel System Annual Sales by Geographic Region (2020-2025)
4.1.2 Global Solar Panel System Annual Revenue by Geographic Region (2020-2025)
4.2 World Historic Solar Panel System Market Size by Country/Region (2020-2025)
4.2.1 Global Solar Panel System Annual Sales by Country/Region (2020-2025)
4.2.2 Global Solar Panel System Annual Revenue by Country/Region (2020-2025)
4.3 Americas Solar Panel System Sales Growth
4.4 APAC Solar Panel System Sales Growth
4.5 Europe Solar Panel System Sales Growth
4.6 Middle East & Africa Solar Panel System Sales Growth
5 Americas
5.1 Americas Solar Panel System Sales by Country
5.1.1 Americas Solar Panel System Sales by Country (2020-2025)
5.1.2 Americas Solar Panel System Revenue by Country (2020-2025)
5.2 Americas Solar Panel System Sales by Type (2020-2025)
5.3 Americas Solar Panel System Sales by Application (2020-2025)
5.4 United States
5.5 Canada
5.6 Mexico
5.7 Brazil
6 APAC
6.1 APAC Solar Panel System Sales by Region
6.1.1 APAC Solar Panel System Sales by Region (2020-2025)
6.1.2 APAC Solar Panel System Revenue by Region (2020-2025)
6.2 APAC Solar Panel System Sales by Type (2020-2025)
6.3 APAC Solar Panel System Sales by Application (2020-2025)
6.4 China
6.5 Japan
6.6 South Korea
6.7 Southeast Asia
6.8 India
6.9 Australia
6.10 China Taiwan
7 Europe
7.1 Europe Solar Panel System by Country
7.1.1 Europe Solar Panel System Sales by Country (2020-2025)
7.1.2 Europe Solar Panel System Revenue by Country (2020-2025)
7.2 Europe Solar Panel System Sales by Type (2020-2025)
7.3 Europe Solar Panel System Sales by Application (2020-2025)
7.4 Germany
7.5 France
7.6 UK
7.7 Italy
7.8 Russia
8 Middle East & Africa
8.1 Middle East & Africa Solar Panel System by Country
8.1.1 Middle East & Africa Solar Panel System Sales by Country (2020-2025)
8.1.2 Middle East & Africa Solar Panel System Revenue by Country (2020-2025)
8.2 Middle East & Africa Solar Panel System Sales by Type (2020-2025)
8.3 Middle East & Africa Solar Panel System Sales by Application (2020-2025)
8.4 Egypt
8.5 South Africa
8.6 Israel
8.7 Turkey
8.8 GCC Countries
9 Market Drivers, Challenges and Trends
9.1 Market Drivers & Growth Opportunities
9.2 Market Challenges & Risks
9.3 Industry Trends
10 Manufacturing Cost Structure Analysis
10.1 Raw Material and Suppliers
10.2 Manufacturing Cost Structure Analysis of Solar Panel System
10.3 Manufacturing Process Analysis of Solar Panel System
10.4 Industry Chain Structure of Solar Panel System
11 Marketing, Distributors and Customer
11.1 Sales Channel
11.1.1 Direct Channels
11.1.2 Indirect Channels
11.2 Solar Panel System Distributors
11.3 Solar Panel System Customer
12 World Forecast Review for Solar Panel System by Geographic Region
12.1 Global Solar Panel System Market Size Forecast by Region
12.1.1 Global Solar Panel System Forecast by Region (2026-2031)
12.1.2 Global Solar Panel System Annual Revenue Forecast by Region (2026-2031)
12.2 Americas Forecast by Country (2026-2031)
12.3 APAC Forecast by Region (2026-2031)
12.4 Europe Forecast by Country (2026-2031)
12.5 Middle East & Africa Forecast by Country (2026-2031)
12.6 Global Solar Panel System Forecast by Type (2026-2031)
12.7 Global Solar Panel System Forecast by Application (2026-2031)
13 Key Players Analysis
13.1 Jinko Solar
13.1.1 Jinko Solar Company Information
13.1.2 Jinko Solar Solar Panel System Product Portfolios and Specifications
13.1.3 Jinko Solar Solar Panel System Sales, Revenue, Price and Gross Margin (2020-2025)
13.1.4 Jinko Solar Main Business Overview
13.1.5 Jinko Solar Latest Developments
13.2 JA Solar
13.2.1 JA Solar Company Information
13.2.2 JA Solar Solar Panel System Product Portfolios and Specifications
13.2.3 JA Solar Solar Panel System Sales, Revenue, Price and Gross Margin (2020-2025)
13.2.4 JA Solar Main Business Overview
13.2.5 JA Solar Latest Developments
13.3 Trina Solar
13.3.1 Trina Solar Company Information
13.3.2 Trina Solar Solar Panel System Product Portfolios and Specifications
13.3.3 Trina Solar Solar Panel System Sales, Revenue, Price and Gross Margin (2020-2025)
13.3.4 Trina Solar Main Business Overview
13.3.5 Trina Solar Latest Developments
13.4 LONGi Solar
13.4.1 LONGi Solar Company Information
13.4.2 LONGi Solar Solar Panel System Product Portfolios and Specifications
13.4.3 LONGi Solar Solar Panel System Sales, Revenue, Price and Gross Margin (2020-2025)
13.4.4 LONGi Solar Main Business Overview
13.4.5 LONGi Solar Latest Developments
13.5 Canadian Solar
13.5.1 Canadian Solar Company Information
13.5.2 Canadian Solar Solar Panel System Product Portfolios and Specifications
13.5.3 Canadian Solar Solar Panel System Sales, Revenue, Price and Gross Margin (2020-2025)
13.5.4 Canadian Solar Main Business Overview
13.5.5 Canadian Solar Latest Developments
13.6 SunPower Corporation
13.6.1 SunPower Corporation Company Information
13.6.2 SunPower Corporation Solar Panel System Product Portfolios and Specifications
13.6.3 SunPower Corporation Solar Panel System Sales, Revenue, Price and Gross Margin (2020-2025)
13.6.4 SunPower Corporation Main Business Overview
13.6.5 SunPower Corporation Latest Developments
13.7 First Solar
13.7.1 First Solar Company Information
13.7.2 First Solar Solar Panel System Product Portfolios and Specifications
13.7.3 First Solar Solar Panel System Sales, Revenue, Price and Gross Margin (2020-2025)
13.7.4 First Solar Main Business Overview
13.7.5 First Solar Latest Developments
13.8 Hanwha Q-CELLS
13.8.1 Hanwha Q-CELLS Company Information
13.8.2 Hanwha Q-CELLS Solar Panel System Product Portfolios and Specifications
13.8.3 Hanwha Q-CELLS Solar Panel System Sales, Revenue, Price and Gross Margin (2020-2025)
13.8.4 Hanwha Q-CELLS Main Business Overview
13.8.5 Hanwha Q-CELLS Latest Developments
13.9 Risen Energy
13.9.1 Risen Energy Company Information
13.9.2 Risen Energy Solar Panel System Product Portfolios and Specifications
13.9.3 Risen Energy Solar Panel System Sales, Revenue, Price and Gross Margin (2020-2025)
13.9.4 Risen Energy Main Business Overview
13.9.5 Risen Energy Latest Developments
13.10 Talesun
13.10.1 Talesun Company Information
13.10.2 Talesun Solar Panel System Product Portfolios and Specifications
13.10.3 Talesun Solar Panel System Sales, Revenue, Price and Gross Margin (2020-2025)
13.10.4 Talesun Main Business Overview
13.10.5 Talesun Latest Developments
14 Research Findings and Conclusion

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