Commercial and Industrial Solar PV Module Market Size - By Connectivity (On-Grid, Off-Grid), By Mounting (Ground Mounted, Roof-Top), Growth Prospects, Regional Outlook & Global Forecasts, 2024 – 2032

The market size of commercial & industrial solar PV module reached USD 41.1 billion in 2023 and is set to surpass USD 72 billion by 2032, owing to the steady decrease in the cost of solar PV technology coupled with growing number of businesses committing to sustainability goals and environmental responsibility.

Roof top commercial & industrial solar PV module industry will cross USD 31.7 billion by 2032, due to its capability to reduce transmission and distribution losses associated with transporting electricity over long distances along with growing emphasis and governmental support on net metering policy.

Trina Solar, Canadian Solar, JA SOLAR Technology Co. Ltd, JinkoSolar, First Solar, REC Solar Holdings AS, Hanwha Group, LG Electronics, SunPower Corporation, LONGi, CHINT Solar, and Reliance Industries Limited.

Asia Pacific market size will record more than 7% CAGR from 2024 to 2032, attributed to the growing awareness of environmental sustainability and corporate social responsibility in line with supportive regulatory frameworks.