Home > Energy & Power > Electrical Equipment > Solar Parts and Components > Europe Solar PV Market

Europe Solar PV Market Trends

Report ID: GMI6669
Published Date: Sep 2023
Report Format: PDF

Download Free Sample

Europe Solar PV Market Trends

Solar PV systems typically consist of solar panels that contain numerous photovoltaic cells, an inverter to convert DC electricity into alternating current (AC), suitable for household or industrial use, and sometimes energy storage solutions comprising batteries. Further, rising carbon emissions in line with increasing interest of major players to develop high performance energy solutions will accelerate the business demand.

Authors: Ankit Gupta, Srishti Agarwal

Frequently Asked Questions (FAQ) :

The market size of solar PV in Europe was worth over USD 37.27 billion in 2023 and will reach over USD 70.99 billion by 2032, due to increasing reduction in the cost of solar panels and associated components in the region.

Europe solar PV market size from the on-grid connectivity segment is expected to surpass USD 68.9 billion by 2032, on account of advantages, such as advanced monitoring, remote control, and grid balancing capabilities.

Germany solar PV industry will garner over USD 25.5 billion in revenue by 2032, owing to the development of norms and mandates by the governing authorities and continuous improvements in building infrastructures in the region.

Trina Solar, Canadian Solar, JA SOLAR Technology Co., Ltd., Jinko Solar, First Solar, REC Solar Holdings AS, Q CELLS, CsunSolarTech, and Solaria Corporation.