The global solar PV panels market size is calculated at USD 198.51 billion in 2025 and is forecasted to reach around USD 384.44 billion by 2034, accelerating at a CAGR of 7.62% from 2025 to 2034. The Asia Pacific solar PV panels market size surpassed USD 109.18 billion in 2025 and is expanding at a CAGR of 7.75% during the forecast period. The market sizing and forecasts are revenue-based (USD Million/Billion), with 2024 as the base year.
1.1. Research Objective
1.2. Scope of the Study
1.3. Definition
2.1. Research Approach
2.2. Data Sources
2.3. Assumptions & Limitations
3.1. Market Snapshot
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
5.1. COVID-19 Landscape: Solar PV Panels 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
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
8.1. Solar PV Panels Market Revenue and Volume, by Technology
8.1.1 Thin Film
8.1.1.1. Market Revenue and Volume Forecast
8.1.2. Crystalline Silicon
8.1.2.1. Market Revenue and Volume Forecast
8.1.3. Others
8.1.3.1. Market Revenue and Volume Forecast
9.1. Solar PV Panels Market Revenue and Volume, by Application
9.1.1. Residential
9.1.1.1. Market Revenue and Volume Forecast
9.1.2. Commercial
9.1.2.1. Market Revenue and Volume Forecast
9.1.3. Industrial
9.1.3.1. Market Revenue and Volume Forecast
10.1. Solar PV Panels Market Revenue and Volume, by Grid Type
10.1.1. On-grid
10.1.1.1. Market Revenue and Volume Forecast
10.1.2. Off-grid
10.1.2.1. Market Revenue and Volume Forecast
11.1. North America
11.1.1. Market Revenue and Volume Forecast, by Technology
11.1.2. Market Revenue and Volume Forecast, by Application
11.1.3. Market Revenue and Volume Forecast, by Grid Type
11.1.4. U.S.
11.1.4.1. Market Revenue and Volume Forecast, by Technology
11.1.4.2. Market Revenue and Volume Forecast, by Application
11.1.4.3. Market Revenue and Volume Forecast, by Grid Type
11.1.5. Rest of North America
11.1.5.1. Market Revenue and Volume Forecast, by Technology
11.1.5.2. Market Revenue and Volume Forecast, by Application
11.1.5.3. Market Revenue and Volume Forecast, by Grid Type
11.2. Europe
11.2.1. Market Revenue and Volume Forecast, by Technology
11.2.2. Market Revenue and Volume Forecast, by Application
11.2.3. Market Revenue and Volume Forecast, by Grid Type
11.2.4. UK
11.2.4.1. Market Revenue and Volume Forecast, by Technology
11.2.4.2. Market Revenue and Volume Forecast, by Application
11.2.4.3. Market Revenue and Volume Forecast, by Grid Type
11.2.5. Germany
11.2.5.1. Market Revenue and Volume Forecast, by Technology
11.2.5.2. Market Revenue and Volume Forecast, by Application
11.2.5.3. Market Revenue and Volume Forecast, by Grid Type
11.2.6. France
11.2.6.1. Market Revenue and Volume Forecast, by Technology
11.2.6.2. Market Revenue and Volume Forecast, by Application
11.2.6.3. Market Revenue and Volume Forecast, by Grid Type
11.2.7. Rest of Europe
11.2.7.1. Market Revenue and Volume Forecast, by Technology
11.2.7.2. Market Revenue and Volume Forecast, by Application
11.2.7.3. Market Revenue and Volume Forecast, by Grid Type
11.3. APAC
11.3.1. Market Revenue and Volume Forecast, by Technology
11.3.2. Market Revenue and Volume Forecast, by Application
11.3.3. Market Revenue and Volume Forecast, by Grid Type
11.3.4. India
11.3.4.1. Market Revenue and Volume Forecast, by Technology
11.3.4.2. Market Revenue and Volume Forecast, by Application
11.3.4.3. Market Revenue and Volume Forecast, by Grid Type
11.3.5. China
11.3.5.1. Market Revenue and Volume Forecast, by Technology
11.3.5.2. Market Revenue and Volume Forecast, by Application
11.3.5.3. Market Revenue and Volume Forecast, by Grid Type
11.3.6. Japan
11.3.6.1. Market Revenue and Volume Forecast, by Technology
11.3.6.2. Market Revenue and Volume Forecast, by Application
11.3.6.3. Market Revenue and Volume Forecast, by Grid Type
11.3.7. Rest of APAC
11.3.7.1. Market Revenue and Volume Forecast, by Technology
11.3.7.2. Market Revenue and Volume Forecast, by Application
11.3.7.3. Market Revenue and Volume Forecast, by Grid Type
11.4. MEA
11.4.1. Market Revenue and Volume Forecast, by Technology
11.4.2. Market Revenue and Volume Forecast, by Application
11.4.3. Market Revenue and Volume Forecast, by Grid Type
11.4.4. GCC
11.4.4.1. Market Revenue and Volume Forecast, by Technology
11.4.4.2. Market Revenue and Volume Forecast, by Application
11.4.4.3. Market Revenue and Volume Forecast, by Grid Type
11.4.5. North Africa
11.4.5.1. Market Revenue and Volume Forecast, by Technology
11.4.5.2. Market Revenue and Volume Forecast, by Application
11.4.5.3. Market Revenue and Volume Forecast, by Grid Type
11.4.6. South Africa
11.4.6.1. Market Revenue and Volume Forecast, by Technology
11.4.6.2. Market Revenue and Volume Forecast, by Application
11.4.6.3. Market Revenue and Volume Forecast, by Grid Type
11.4.7. Rest of MEA
11.4.7.1. Market Revenue and Volume Forecast, by Technology
11.4.7.2. Market Revenue and Volume Forecast, by Application
11.4.7.3. Market Revenue and Volume Forecast, by Grid Type
11.5. Latin America
11.5.1. Market Revenue and Volume Forecast, by Technology
11.5.2. Market Revenue and Volume Forecast, by Application
11.5.3. Market Revenue and Volume Forecast, by Grid Type
11.5.4. Brazil
11.5.4.1. Market Revenue and Volume Forecast, by Technology
11.5.4.2. Market Revenue and Volume Forecast, by Application
11.5.4.3. Market Revenue and Volume Forecast, by Grid Type
11.5.5. Rest of LATAM
11.5.5.1. Market Revenue and Volume Forecast, by Technology
11.5.5.2. Market Revenue and Volume Forecast, by Application
11.5.5.3. Market Revenue and Volume Forecast, by Grid Type
12.1. Trina Solar
12.1.1. Company Overview
12.1.2. Product Offerings
12.1.3. Financial Performance
12.1.4. Recent Initiatives
12.2. First Solar
12.2.1. Company Overview
12.2.2. Product Offerings
12.2.3. Financial Performance
12.2.4. Recent Initiatives
12.3. Yingli Solar
12.3.1. Company Overview
12.3.2. Product Offerings
12.3.3. Financial Performance
12.3.4. Recent Initiatives
12.4. Tata Power Solar System Ltd
12.4.1. Company Overview
12.4.2. Product Offerings
12.4.3. Financial Performance
12.4.4. Recent Initiatives
12.5. Abengoa
12.5.1. Company Overview
12.5.2. Product Offerings
12.5.3. Financial Performance
12.5.4. Recent Initiatives
12.6. Canadian Solar Inc.
12.6.1. Company Overview
12.6.2. Product Offerings
12.6.3. Financial Performance
12.6.4. Recent Initiatives
12.7. Waaree Group
12.7.1. Company Overview
12.7.2. Product Offerings
12.7.3. Financial Performance
12.7.4. Recent Initiatives
12.8. General Electric Company
12.8.1. Company Overview
12.8.2. Product Offerings
12.8.3. Financial Performance
12.8.4. Recent Initiatives
13.1. Primary Research
13.2. Secondary Research
13.3. Assumptions
14.1. About Us
14.2. Glossary of Terms
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