PUBLISHER: TechNavio | PRODUCT CODE: 2109387
PUBLISHER: TechNavio | PRODUCT CODE: 2109387
Global Solar Panels Market 2026-2030
The global solar panels market is forecasted to grow by USD 65395.8 mn during 2025-2030, accelerating at a CAGR of 8.2% during the forecast period. The report on the global solar panels market provides a holistic analysis, market size and forecast, trends, growth drivers, and challenges, as well as vendor analysis covering around 25 vendors.
The report offers an up-to-date analysis regarding the current market scenario, the latest trends and drivers, and the overall market environment. The market is driven by corporate decarbonization mandates power purchase agreements accelerating global photovoltaic procurement, industrial reshoring incentives domestic manufacturing subsidies expanding regional solar assembly capacity, inverter modernization system integration software optimization enhancing commercial solar performance yields.
The study was conducted using an objective combination of primary and secondary information including inputs from key participants in the industry. The report contains a comprehensive market size data, segment with regional analysis and vendor landscape in addition to an analysis of the key companies. Reports have historic and forecast data.
| Market Scope | |
|---|---|
| Base Year | 2025 |
| End Year | 2030 |
| Series Year | 2026-2030 |
| Growth Momentum | Accelerate |
| YOY 2026 | 7.7% |
| CAGR | 8.2% |
| Incremental Value | $65395.8 mn |
Technavio's global solar panels market is segmented as below:
By End-User
- Power utilities
- Commercial
- Residential
By Type
- Crystalline panel
- Thin-film panel
By Connectivity
- On-grid
- Off-grid
By Technology
- Solar PV
- Concentrated solar power
Geography
- APAC
- China
- India
- Japan
- Australia
- South Korea
- Indonesia
- Europe
- Germany
- Spain
- Italy
- France
- The Netherlands
- UK
- North America
- US
- Canada
- Mexico
- Middle East and Africa
- South Africa
- UAE
- Egypt
- South America
- Brazil
- Argentina
- Chile
- Rest of World (ROW)
This study identifies the widespread adoption high efficiency tunnel oxide passivated contact module technology as one of the prime reasons driving the global solar panels market growth during the next few years. Also, rapid commercialization perovskite silicon tandem solar cell photovoltaic efficiency breakthroughs and strategic intellectual property enforcement cross licensing agreements safeguarding solar technology will lead to sizable demand in the market.
The report on the global solar panels market covers the following areas:
- Global solar panels market sizing
- Global solar panels market forecast
- Global solar panels market industry analysis
The robust vendor analysis is designed to help clients improve their market position, and in line with this, this report provides a detailed analysis of several leading global solar panels market vendors that include Adani Solar, Astronergy Co. Ltd., Canadian Solar Inc., EGING PV, First Solar Inc., GCL System Integration Technology, Hanwha Group, JA Solar Technology Co. Ltd., JinkoSolar Holding Co. Ltd., LONGi Green Energy Co. Ltd., REC Solar Holdings AS, Risen Energy Co. Ltd., Seraphim Energy Group Co. Ltd., Talesun Solar Technologies, Trina Solar Co. Ltd., Vikram Solar Ltd., VSUN Solar, Waaree Energies Ltd., Wuxi Suntech Power Co. Ltd., Yingli Solar. Also, the global solar panels market analysis report includes information on upcoming trends and challenges that will influence market growth. This is to help companies strategize and leverage all forthcoming growth opportunities.
The publisher presents a detailed picture of the market by the way of study, synthesis, and summation of data from multiple sources by an analysis of key parameters such as profit, pricing, competition, and promotions. It presents various market facets by identifying the key industry influencers. The data presented is comprehensive, reliable, and a result of extensive primary and secondary research. The market research reports provide a complete competitive landscape and an in-depth vendor selection methodology and analysis using qualitative and quantitative research to forecast accurate market growth.
Table of Contents
1 Executive Summary
- 1.1 Market overview
- Executive Summary - Chart on Market Overview
- Executive Summary - Data Table on Market Overview
- Executive Summary - Chart on Global Market Characteristics
- Executive Summary - Chart on Market by Geography
- Executive Summary - Chart on Market Segmentation by End-user
- Executive Summary - Chart on Market Segmentation by Type
- Executive Summary - Chart on Market Segmentation by Connectivity
- Executive Summary - Chart on Market Segmentation by Technology
- Executive Summary - Chart on Incremental Growth
- Executive Summary - Data Table on Incremental Growth
- Executive Summary - Chart on Company Market Positioning
2 Technavio Analysis
- 2.1 Analysis of price sensitivity, lifecycle, customer purchase basket, adoption rates, and purchase criteria
- Analysis of price sensitivity, lifecycle, customer purchase basket, adoption rates, and purchase criteria
- 2.2 Criticality of inputs and Factors of differentiation
- 2.3 Factors of disruption
- 2.4 Impact of drivers and challenges
3 Market Landscape
- 3.1 Market ecosystem
- 3.2 Market characteristics
- 3.3 Value chain analysis
4 Market Sizing
- 4.1 Market definition
- 4.2 Market segment analysis
- Market segments
- 4.3 Market size 2025
- 4.4 Market outlook: Forecast for 2025-2030
5 Historic Market Size
- 5.1 Global Solar Panels Market 2020 - 2024
- Historic Market Size - Data Table on Global Solar Panels Market 2020 - 2024 ($ million)
- 5.2 End-user segment analysis 2020 - 2024
- Historic Market Size - End-user Segment 2020 - 2024 ($ million)
- 5.3 Type segment analysis 2020 - 2024
- Historic Market Size - Type Segment 2020 - 2024 ($ million)
- 5.4 Connectivity segment analysis 2020 - 2024
- Historic Market Size - Connectivity Segment 2020 - 2024 ($ million)
- 5.5 Technology segment analysis 2020 - 2024
- Historic Market Size - Technology Segment 2020 - 2024 ($ million)
- 5.6 Geography segment analysis 2020 - 2024
- Historic Market Size - Geography Segment 2020 - 2024 ($ million)
- 5.7 Country segment analysis 2020 - 2024
- Historic Market Size - Country Segment 2020 - 2024 ($ million)
6 Qualitative Analysis
- 6.1 Impact of AI on global solar panels market
- 6.2 Impact of geopolitical conflicts on global solar panels market
7 Five Forces Analysis
- 7.1 Five forces summary
- Five forces analysis - Comparison between 2025 and 2030
- 7.2 Bargaining power of buyers
- Bargaining power of buyers - Impact of key factors 2025 and 2030
- 7.3 Bargaining power of suppliers
- Bargaining power of suppliers - Impact of key factors in 2025 and 2030
- 7.4 Threat of new entrants
- Threat of new entrants - Impact of key factors in 2025 and 2030
- 7.5 Threat of substitutes
- Threat of substitutes - Impact of key factors in 2025 and 2030
- 7.6 Threat of rivalry
- Threat of rivalry - Impact of key factors in 2025 and 2030
- 7.7 Market condition
8 Market Segmentation by End-user
- 8.1 Market segments
- 8.2 Comparison by End-user
- 8.3 Power utilities - Market size and forecast 2025-2030
- 8.4 Commercial - Market size and forecast 2025-2030
- 8.5 Residential - Market size and forecast 2025-2030
- 8.6 Market opportunity by End-user
- Market opportunity by End-user ($ million)
9 Market Segmentation by Type
- 9.1 Market segments
- 9.2 Comparison by Type
- 9.3 Crystalline panel - Market size and forecast 2025-2030
- 9.4 Thin-film panel - Market size and forecast 2025-2030
- 9.5 Market opportunity by Type
- Market opportunity by Type ($ million)
10 Market Segmentation by Connectivity
- 10.1 Market segments
- 10.2 Comparison by Connectivity
- 10.3 On-grid - Market size and forecast 2025-2030
- 10.4 Off-grid - Market size and forecast 2025-2030
- 10.5 Market opportunity by Connectivity
- Market opportunity by Connectivity ($ million)
11 Market Segmentation by Technology
- 11.1 Market segments
- 11.2 Comparison by Technology
- 11.3 Solar PV - Market size and forecast 2025-2030
- 11.4 Concentrated solar power - Market size and forecast 2025-2030
- 11.5 Market opportunity by Technology
- Market opportunity by Technology ($ million)
12 Customer Landscape
- 12.1 Customer landscape overview
- Analysis of price sensitivity, lifecycle, customer purchase basket, adoption rates, and purchase criteria
13 Geographic Landscape
- 13.1 Geographic segmentation
- 13.2 Geographic comparison
- 13.3 APAC - Market size and forecast 2025-2030
- 13.3.1 China - Market size and forecast 2025-2030
- 13.3.2 India - Market size and forecast 2025-2030
- 13.3.3 Japan - Market size and forecast 2025-2030
- 13.3.4 Australia - Market size and forecast 2025-2030
- 13.3.5 South Korea - Market size and forecast 2025-2030
- 13.3.6 Indonesia - Market size and forecast 2025-2030
- 13.4 Europe - Market size and forecast 2025-2030
- 13.4.1 Germany - Market size and forecast 2025-2030
- 13.4.2 Spain - Market size and forecast 2025-2030
- 13.4.3 Italy - Market size and forecast 2025-2030
- 13.4.4 France - Market size and forecast 2025-2030
- 13.4.5 The Netherlands - Market size and forecast 2025-2030
- 13.4.6 UK - Market size and forecast 2025-2030
- 13.5 North America - Market size and forecast 2025-2030
- 13.5.1 US - Market size and forecast 2025-2030
- 13.5.2 Canada - Market size and forecast 2025-2030
- 13.5.3 Mexico - Market size and forecast 2025-2030
- 13.6 Middle East and Africa - Market size and forecast 2025-2030
- 13.6.1 Saudi Arabia - Market size and forecast 2025-2030
- 13.6.2 South Africa - Market size and forecast 2025-2030
- 13.6.3 UAE - Market size and forecast 2025-2030
- 13.6.4 Egypt - Market size and forecast 2025-2030
- 13.6.5 Morocco - Market size and forecast 2025-2030
- 13.7 South America - Market size and forecast 2025-2030
- 13.7.1 Brazil - Market size and forecast 2025-2030
- 13.7.2 Argentina - Market size and forecast 2025-2030
- 13.7.3 Chile - Market size and forecast 2025-2030
- 13.8 Market opportunity by geography
- Market opportunity by geography ($ million)
- Data Tables on Market opportunity by geography ($ million)
14 Drivers, Challenges, and Opportunity
- 14.1 Market drivers
- Corporate decarbonization mandates power purchase agreements accelerating global photovoltaic procurement
- Industrial reshoring incentives domestic manufacturing subsidies expanding regional solar assembly capacity
- Inverter modernization system integration software optimization enhancing commercial solar performance yields
- 14.2 Market challenges
- Grid curtailment infrastructure bottlenecks impeding large scale photovoltaic integration operational efficiency
- Volatile raw material expenditures silver price inflation compressing photovoltaic manufacturer profitability
- Protectionist trade tariffs supply chain fragmentation escalating international market operational costs
- 14.3 Impact of drivers and challenges
- Impact of drivers and challenges in 2025 and 2030
- 14.4 Market opportunities
- Widespread adoption high efficiency tunnel oxide passivated contact module technology
- Rapid commercialization perovskite silicon tandem solar cell photovoltaic efficiency breakthroughs
- Strategic intellectual property enforcement cross licensing agreements safeguarding solar technology
15 Competitive Landscape
- 15.1 Overview
- 15.2 Competitive Landscape
- Overview on criticality of inputs and factors of differentiation
- 15.3 Landscape disruption
- Overview on factors of disruption
- 15.4 Industry risks
- Impact of key risks on business
16 Competitive Analysis
- 16.1 Companies profiled
- Companies covered
- 16.2 Company ranking index
- Company ranking index
- 16.3 Market positioning of companies
- Matrix on companies position and classification
- 16.4 Adani Solar
- Adani Solar - Overview
- Adani Solar - Product / Service
- Adani Solar - Key offerings
- SWOT
- 16.5 Astronergy Co. Ltd.
- Astronergy Co. Ltd. - Overview
- Astronergy Co. Ltd. - Product / Service
- Astronergy Co. Ltd. - Key offerings
- SWOT
- 16.6 Canadian Solar Inc.
- Canadian Solar Inc. - Overview
- Canadian Solar Inc. - Business segments
- Canadian Solar Inc. - Key offerings
- Canadian Solar Inc. - Segment focus
- SWOT
- 16.7 EGING PV
- EGING PV - Overview
- EGING PV - Business segments
- EGING PV - Key offerings
- EGING PV - Segment focus
- SWOT
- 16.8 First Solar Inc.
- First Solar Inc. - Overview
- First Solar Inc. - Business segments
- First Solar Inc. - Key offerings
- First Solar Inc. - Segment focus
- SWOT
- 16.9 GCL System Integration Technology
- GCL System Integration Technology - Overview
- GCL System Integration Technology - Product / Service
- GCL System Integration Technology - Key offerings
- SWOT
- 16.10 Hanwha Group
- Hanwha Group - Overview
- Hanwha Group - Business segments
- Hanwha Group - Key offerings
- Hanwha Group - Segment focus
- SWOT
- 16.11 JA Solar Technology Co. Ltd.
- JA Solar Technology Co. Ltd. - Overview
- JA Solar Technology Co. Ltd. - Product / Service
- JA Solar Technology Co. Ltd. - Key offerings
- SWOT
- 16.12 JinkoSolar Holding Co. Ltd.
- JinkoSolar Holding Co. Ltd. - Overview
- JinkoSolar Holding Co. Ltd. - Product / Service
- JinkoSolar Holding Co. Ltd. - Key offerings
- SWOT
- 16.13 LONGi Green Energy Co. Ltd.
- LONGi Green Energy Co. Ltd. - Overview
- LONGi Green Energy Co. Ltd. - Product / Service
- LONGi Green Energy Co. Ltd. - Key offerings
- SWOT
- 16.14 REC Solar Holdings AS
- REC Solar Holdings AS - Overview
- REC Solar Holdings AS - Product / Service
- REC Solar Holdings AS - Key offerings
- SWOT
- 16.15 Risen Energy Co. Ltd.
- Risen Energy Co. Ltd. - Overview
- Risen Energy Co. Ltd. - Business segments
- Risen Energy Co. Ltd. - Key offerings
- Risen Energy Co. Ltd. - Segment focus
- SWOT
- 16.16 Talesun Solar Technologies
- Talesun Solar Technologies - Overview
- Talesun Solar Technologies - Product / Service
- Talesun Solar Technologies - Key offerings
- SWOT
- 16.17 Trina Solar Co. Ltd.
- Trina Solar Co. Ltd. - Overview
- Trina Solar Co. Ltd. - Product / Service
- Trina Solar Co. Ltd. - Key offerings
- SWOT
- 16.18 Waaree Energies Ltd.
- Waaree Energies Ltd. - Overview
- Waaree Energies Ltd. - Product / Service
- Waaree Energies Ltd. - Key offerings
- SWOT
17 Appendix
- 17.1 Scope of the report
- Market definition
- Objectives
- Notes and caveats
- 17.2 Inclusions and exclusions checklist
- Inclusions checklist
- Exclusions checklist
- 17.3 Currency conversion rates for US$
- Currency conversion rates for US$
- 17.4 Research methodology
- Research methodology
- 17.5 Data procurement
- Information sources
- 17.6 Data validation
- Data validation
- 17.7 Validation techniques employed for market sizing
- Validation techniques employed for market sizing
- 17.8 Data synthesis
- Data synthesis
- 17.9 360 degree market analysis
- 360 degree market analysis
- 17.10 List of abbreviations
- List of abbreviations
