Solar Energy Systems Market Size, Share, and Trends 2024 to 2034

The global solar energy systems market size was USD 219.79 billion in 2023, calculated at USD 255.40 billion in 2024 and is expected to reach around USD 1,146.25 billion by 2034, expanding at a CAGR of 16.2% from 2024 to 2034.

  • Last Updated : August 2024
  • Report Code : 3238
  • Category : Energy and Power

Chapter 1. Introduction

1.1. Research Objective

1.2. Scope of the Study

1.3. Definition

Chapter 2. Research Methodology (Premium Insights)

2.1. Research Approach

2.2. Data Sources

2.3. Assumptions & Limitations

Chapter 3. Executive Summary

3.1. Market Snapshot

Chapter 4. Market Variables and Scope 

4.1. Introduction

4.2. Market Classification and Scope

4.3. Industry Value Chain Analysis

4.3.1. Raw Material Procurement Analysis 

4.3.2. Sales and Distribution Channel Analysis

4.3.3. Downstream Buyer Analysis

Chapter 5. COVID 19 Impact on Solar Energy Systems Market 

5.1. COVID-19 Landscape: Solar Energy Systems Industry Impact

5.2. COVID 19 - Impact Assessment for the Industry

5.3. COVID 19 Impact: Global Major Government Policy

5.4. Market Trends and Opportunities in the COVID-19 Landscape

6.1. Market Dynamics

6.1.1. Market Drivers

6.1.2. Market Restraints

6.1.3. Market Opportunities

6.2. Porter’s Five Forces Analysis

6.2.1. Bargaining power of suppliers

6.2.2. Bargaining power of buyers

6.2.3. Threat of substitute

6.2.4. Threat of new entrants

6.2.5. Degree of competition

Chapter 7. Competitive Landscape

7.1.1. Company Market Share/Positioning Analysis

7.1.2. Key Strategies Adopted by Players

7.1.3. Vendor Landscape

7.1.3.1. List of Suppliers

7.1.3.2. List of Buyers

Chapter 8. Global Solar Energy Systems Market, By Product

8.1. Solar Energy Systems Market, by Product, 2024-2034

8.1.1 Solar Panels

8.1.1.1. Market Revenue and Forecast (2021-2034)

8.1.2. Charge Controllers

8.1.2.1. Market Revenue and Forecast (2021-2034)

8.1.3. Batteries

8.1.3.1. Market Revenue and Forecast (2021-2034)

8.1.4. Inverter

8.1.4.1. Market Revenue and Forecast (2021-2034)

8.1.5. Others

8.1.5.1. Market Revenue and Forecast (2021-2034)

Chapter 9. Global Solar Energy Systems Market, By End-use

9.1. Solar Energy Systems Market, by End-use, 2024-2034

9.1.1. Inverter

9.1.1.1. Market Revenue and Forecast (2021-2034)

9.1.2. Commercial

9.1.2.1. Market Revenue and Forecast (2021-2034)

9.1.3. Industrial

9.1.3.1. Market Revenue and Forecast (2021-2034)

9.1.4. Utility

9.1.4.1. Market Revenue and Forecast (2021-2034)

Chapter 10. Global Solar Energy Systems Market, By Source 

10.1. Solar Energy Systems Market, by Source, 2024-2034

10.1.1. New Installation

10.1.1.1. Market Revenue and Forecast (2021-2034)

10.1.2. MRO

10.1.2.1. Market Revenue and Forecast (2021-2034)

Chapter 11. Global Solar Energy Systems Market, Regional Estimates and Trend Forecast

11.1. North America

11.1.1. Market Revenue and Forecast, by Product (2021-2034)

11.1.2. Market Revenue and Forecast, by End-use (2021-2034)

11.1.3. Market Revenue and Forecast, by Source (2021-2034)

11.1.4. U.S.

11.1.4.1. Market Revenue and Forecast, by Product (2021-2034)

11.1.4.2. Market Revenue and Forecast, by End-use (2021-2034)

11.1.4.3. Market Revenue and Forecast, by Source (2021-2034)

11.1.5. Rest of North America

11.1.5.1. Market Revenue and Forecast, by Product (2021-2034)

11.1.5.2. Market Revenue and Forecast, by End-use (2021-2034)

11.1.5.3. Market Revenue and Forecast, by Source (2021-2034)

11.2. Europe

11.2.1. Market Revenue and Forecast, by Product (2021-2034)

11.2.2. Market Revenue and Forecast, by End-use (2021-2034)

11.2.3. Market Revenue and Forecast, by Source (2021-2034)

11.2.4. UK

11.2.4.1. Market Revenue and Forecast, by Product (2021-2034)

11.2.4.2. Market Revenue and Forecast, by End-use (2021-2034)

11.2.4.3. Market Revenue and Forecast, by Source (2021-2034)

11.2.5. Germany

11.2.5.1. Market Revenue and Forecast, by Product (2021-2034)

11.2.5.2. Market Revenue and Forecast, by End-use (2021-2034)

11.2.5.3. Market Revenue and Forecast, by Source (2021-2034)

11.2.6. France

11.2.6.1. Market Revenue and Forecast, by Product (2021-2034)

11.2.6.2. Market Revenue and Forecast, by End-use (2021-2034)

11.2.6.3. Market Revenue and Forecast, by Source (2021-2034)

11.2.7. Rest of Europe

11.2.7.1. Market Revenue and Forecast, by Product (2021-2034)

11.2.7.2. Market Revenue and Forecast, by End-use (2021-2034)

11.2.7.3. Market Revenue and Forecast, by Source (2021-2034)

11.3. APAC

11.3.1. Market Revenue and Forecast, by Product (2021-2034)

11.3.2. Market Revenue and Forecast, by End-use (2021-2034)

11.3.3. Market Revenue and Forecast, by Source (2021-2034)

11.3.4. India

11.3.4.1. Market Revenue and Forecast, by Product (2021-2034)

11.3.4.2. Market Revenue and Forecast, by End-use (2021-2034)

11.3.4.3. Market Revenue and Forecast, by Source (2021-2034)

11.3.5. China

11.3.5.1. Market Revenue and Forecast, by Product (2021-2034)

11.3.5.2. Market Revenue and Forecast, by End-use (2021-2034)

11.3.5.3. Market Revenue and Forecast, by Source (2021-2034)

11.3.6. Japan

11.3.6.1. Market Revenue and Forecast, by Product (2021-2034)

11.3.6.2. Market Revenue and Forecast, by End-use (2021-2034)

11.3.6.3. Market Revenue and Forecast, by Source (2021-2034)

11.3.7. Rest of APAC

11.3.7.1. Market Revenue and Forecast, by Product (2021-2034)

11.3.7.2. Market Revenue and Forecast, by End-use (2021-2034)

11.3.7.3. Market Revenue and Forecast, by Source (2021-2034)

11.4. MEA

11.4.1. Market Revenue and Forecast, by Product (2021-2034)

11.4.2. Market Revenue and Forecast, by End-use (2021-2034)

11.4.3. Market Revenue and Forecast, by Source (2021-2034)

11.4.4. GCC

11.4.4.1. Market Revenue and Forecast, by Product (2021-2034)

11.4.4.2. Market Revenue and Forecast, by End-use (2021-2034)

11.4.4.3. Market Revenue and Forecast, by Source (2021-2034)

11.4.5. North Africa

11.4.5.1. Market Revenue and Forecast, by Product (2021-2034)

11.4.5.2. Market Revenue and Forecast, by End-use (2021-2034)

11.4.5.3. Market Revenue and Forecast, by Source (2021-2034)

11.4.6. South Africa

11.4.6.1. Market Revenue and Forecast, by Product (2021-2034)

11.4.6.2. Market Revenue and Forecast, by End-use (2021-2034)

11.4.6.3. Market Revenue and Forecast, by Source (2021-2034)

11.4.7. Rest of MEA

11.4.7.1. Market Revenue and Forecast, by Product (2021-2034)

11.4.7.2. Market Revenue and Forecast, by End-use (2021-2034)

11.4.7.3. Market Revenue and Forecast, by Source (2021-2034)

11.5. Latin America

11.5.1. Market Revenue and Forecast, by Product (2021-2034)

11.5.2. Market Revenue and Forecast, by End-use (2021-2034)

11.5.3. Market Revenue and Forecast, by Source (2021-2034)

11.5.4. Brazil

11.5.4.1. Market Revenue and Forecast, by Product (2021-2034)

11.5.4.2. Market Revenue and Forecast, by End-use (2021-2034)

11.5.4.3. Market Revenue and Forecast, by Source (2021-2034)

11.5.5. Rest of LATAM

11.5.5.1. Market Revenue and Forecast, by Product (2021-2034)

11.5.5.2. Market Revenue and Forecast, by End-use (2021-2034)

11.5.5.3. Market Revenue and Forecast, by Source (2021-2034)

Chapter 12. Company Profiles

12.1. Canadian Solar Inc.

12.1.1. Company Overview

12.1.2. Product Offerings

12.1.3. Financial Performance

12.1.4. Recent Initiatives

12.2. Kaneka Corp.

12.2.1. Company Overview

12.2.2. Product Offerings

12.2.3. Financial Performance

12.2.4. Recent Initiatives

12.3. Gintech Energy Corp.

12.3.1. Company Overview

12.3.2. Product Offerings

12.3.3. Financial Performance

12.3.4. Recent Initiatives

12.4. Bright Source Energy Inc.

12.4.1. Company Overview

12.4.2. Product Offerings

12.4.3. Financial Performance

12.4.4. Recent Initiatives

12.5. Esolar Inc.

12.5.1. Company Overview

12.5.2. Product Offerings

12.5.3. Financial Performance

12.5.4. Recent Initiatives

12.6. Wuxi Suntech Power Co. Ltd.

12.6.1. Company Overview

12.6.2. Product Offerings

12.6.3. Financial Performance

12.6.4. Recent Initiatives

12.7. Acciona Energia S.A.

12.7.1. Company Overview

12.7.2. Product Offerings

12.7.3. Financial Performance

12.7.4. Recent Initiatives

12.8. Sunpower Corporation

12.8.1. Company Overview

12.8.2. Product Offerings

12.8.3. Financial Performance

12.8.4. Recent Initiatives

12.9. Abengoa Solar S.A.

12.9.1. Company Overview

12.9.2. Product Offerings

12.9.3. Financial Performance

12.9.4. Recent Initiatives

12.10. Tata Power Solar

12.10.1. Company Overview

12.10.2. Product Offerings

12.10.3. Financial Performance

12.10.4. Recent Initiatives

Chapter 13. Research Methodology

13.1. Primary Research

13.2. Secondary Research

13.3. Assumptions

Chapter 14. Appendix

14.1. About Us

14.2. Glossary of Terms

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Frequently Asked Questions

The global solar energy systems market size is expected to increase USD 1,146.25 billion by 2034 from USD 219.79 billion in 2023.

The global solar energy systems market will register growth rate of 16.2% between 2024 and 2034.

The major players operating in the solar energy systems market are Canadian Solar Inc., Kaneka Corp., Gintech Energy Corp. Bright Source Energy Inc., Esolar Inc., Wuxi Suntech Power Co. Ltd., Acciona Energia S.A., Sunpower Corporation, Abengoa Solar S.A., Tata Power Solar, and Others.

The driving factors of the solar energy systems market are the government policies and incentives and the growing technological advancement.

Asia Pacific region will lead the global solar energy systems market during the forecast period 2024 to 2034.

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