Solar Photovoltaic (PV) Market Overview, Growth, Trends, Analysis, Research Report (2025-2031)

Historic Data: 2021-2023 | Base Year: 2024 | Forecast Period: 2025-2031

Coverage: Solar Photovoltaic (PV) Market covers analysis By Technology (Monocrystalline Silicon, Thin Film, Polycrystalline Silicon, Others); Grid Type (On-grid, Off-grid); Installation (Ground Mounted, Rooftop, Others); Application (Residential, Non-residential, Utilities) , and Geography (North America, Europe, Asia Pacific, and South and Central America)

Report Date : Nov 2025
Report Code : TIPRE00029295

Category : Energy and Power
Status : Upcoming

Available Report Formats :
No. of Pages : 150

Also Available in :

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Page Updated: Jul 2025

Analysis Strategic Insights Market Drivers Regional Insights Report Scope Recent Developments FAQs

The Solar Photovoltaic (PV) Market is expected to register a CAGR of XX% from 2025 to 2031, with a market size expanding from US$ XX Million in 2024 to US$ XX Million by 2031.

The report is categorized by Technology (Monocrystalline Silicon, Thin Film, Polycrystalline Silicon) and further analyzes the market based on Grid Type (On-grid, Off-grid). It also examines the market by Installation (Ground Mounted, Rooftop) and Industry Application (Residential, Non-residential, Utilities).A comprehensive breakdown is provided at global, regional, and country levels for each of these key segments.

The report includes market size and forecasts across all segments, presenting values in USD. It also delivers key statistics on the current market status of leading players, along with insights into prevailing market trends and emerging opportunities.

Purpose of the Report

The report Solar Photovoltaic (PV) Market by The Insight Partners aims to describe the present landscape and future growth, top driving factors, challenges, and opportunities. This will provide insights to various business stakeholders, such as:

Technology Providers/Manufacturers: To understand the evolving market dynamics and know the potential growth opportunities, enabling them to make informed strategic decisions.
Investors: To conduct a comprehensive trend analysis regarding the market growth rate, market financial projections, and opportunities that exist across the value chain.
Regulatory bodies: To regulate policies and police activities in the market with the aim of minimizing abuse, preserving investor trust and confidence, and upholding the integrity and stability of the market.

Solar Photovoltaic (PV) Market Segmentation

Technology

Monocrystalline Silicon
Thin Film
Polycrystalline Silicon

Grid Type

On-grid
Off-grid

Installation

Ground Mounted
Rooftop

Application

Residential
Non-residential
Utilities

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Solar Photovoltaic (PV) Market: Strategic Insights

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This FREE sample will include data analysis, ranging from market trends to estimates and forecasts.

Solar Photovoltaic (PV) Market Growth Drivers

Harnessing the Sun: Affordable Solar Solutions for Every Home
Empowering Communities with Sustainable Energy Initiatives
Innovative Technologies Driving Solar Efficiency and Adoption

Solar Photovoltaic (PV) Market Future Trends

Solar PV Adoption Surges as Homeowners Embrace Energy Independence
Innovative Solar Technologies Drive Down Costs and Boost Efficiency
Community Solar Projects Empower Neighborhoods with Clean Energy Solutions

Solar Photovoltaic (PV) Market Opportunities

Harnessing Solar Energy for Affordable Housing Solutions
Innovative Solar-Powered Charging Stations for Urban Areas
Community Solar Projects Empowering Local Residents

Solar Photovoltaic (PV) Market Regional Insights

The regional trends and factors influencing the Solar Photovoltaic (PV) Market throughout the forecast period have been thoroughly explained by the analysts at The Insight Partners. This section also discusses Solar Photovoltaic (PV) Market segments and geography across North America, Europe, Asia Pacific, Middle East and Africa, and South and Central America.

Solar Photovoltaic (PV) Market Report Scope

Report Attribute	Details
Market size in 2024	US$ XX Million
Market Size by 2031	US$ XX Million
Global CAGR (2025 - 2031)	XX%
Historical Data	2021-2023
Forecast period	2025-2031
Segments Covered	By Technology Monocrystalline Silicon Thin Film Polycrystalline Silicon By Grid Type On-grid Off-grid By Installation Ground Mounted Rooftop By Application Residential Non-residential Utilities
Regions and Countries Covered	North America US Canada Mexico Europe UK Germany France Russia Italy Rest of Europe Asia-Pacific China India Japan Australia Rest of Asia-Pacific South and Central America Brazil Argentina Rest of South and Central America Middle East and Africa South Africa Saudi Arabia UAE Rest of Middle East and Africa
Market leaders and key company profiles	First Solar Inc. Sharp Corporation Suntech Power Holding Co. Ltd JinkoSolar Holding Co. Ltd JA Solar Holdings Co. Ltd Trina Solar Ltd Hanwha Q Cells Co. Ltd Acciona SA Canadian Solar Inc.

Solar Photovoltaic (PV) Market Players Density: Understanding Its Impact on Business Dynamics

The Solar Photovoltaic (PV) Market is growing rapidly, driven by increasing end-user demand due to factors such as evolving consumer preferences, technological advancements, and greater awareness of the product's benefits. As demand rises, businesses are expanding their offerings, innovating to meet consumer needs, and capitalizing on emerging trends, which further fuels market growth.

Get the Solar Photovoltaic (PV) Market top key players overview

Key Selling Points

Comprehensive Coverage: The report comprehensively covers the analysis of products, services, types, and end users of the Solar Photovoltaic (PV) Market, providing a holistic landscape.
Expert Analysis: The report is compiled based on the in-depth understanding of industry experts and analysts.
Up-to-date Information: The report assures business relevance due to its coverage of recent information and data trends.
Customization Options: This report can be customized to cater to specific client requirements and suit the business strategies aptly.

The research report on the Solar Photovoltaic (PV) Market can, therefore, help spearhead the trail of decoding and understanding the industry scenario and growth prospects. Although there can be a few valid concerns, the overall benefits of this report tend to outweigh the disadvantages.

Research Manager

Nivedita Upadhyay

Manager,
Market Research & Consulting

Nivedita is an accomplished research professional with over 9 years of experience in Market Research and Business Consulting. Currently serving as a Project Manager in the ICT domain at The Insight Partners, she brings deep expertise in managing and executing Syndicated, Custom, Subscription-based, and Consulting research assignments across diverse technology sectors.

With a proven track record of delivering data-driven analysis and actionable insights, Nivedita has been a key contributor to several critical projects. Her work involves end-to-end project execution—right from understanding client objectives, analyzing market trends, to deriving strategic recommendations. She has collaborated extensively with leading ICT companies, helping them identify market opportunities and navigate industry shifts.

Nivedita holds an MBA in Management from IMS, Dehradun. Prior to joining The Insight Partners, she gained valuable experience at MarketsandMarkets and Future Market Insights in Pune, where she held various research roles and built a strong foundation in industry analysis and client engagement.

What are the Solar Photovoltaic (PV) Market report deliverables?

Historical Analysis (2 Years), Base Year, Forecast (7 Years) with CAGR
PEST and SWOT Analysis
Market Size Value / Volume - Global, Regional, Country
Industry and Competitive Landscape
Excel Dataset

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