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Europe Solar PV Module Market Trends

Report ID: GMI6760
Published Date: Sep 2023
Report Format: PDF

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Europe Solar PV Module Market Trends

Solar PV module installations coupled with energy storage solutions comprising batteries to store the excess solar energy for use during periods of low sunlight or high demand, will support maintain grid stability and enable energy self-sufficiency. Integration of advanced monitoring and digitalization technologies into solar PV systems to optimize performance, enable predictive maintenance, and enhance the overall system efficiency is set to strengthen the business landscape. In addition, rising electricity demand along with positive outlook to support renewable energy solutions will stimulate the industry dynamics.

Authors: Ankit Gupta, Srishti Agarwal

Frequently Asked Questions (FAQ) :

The market size of solar PV module in Europe was crossed USD 52.11 Billion in 2023 and is expected to surpass USD 81.32 billion by 2032, due to the rise in ambitious renewable energy targets, declining solar PV costs, along with the presence of favorable policies in the region.

What is the value of crystalline silicon solar PV module market in Europe?

Germany solar PV module market is expected to register over 11% CAGR from 2023 to 2032, owing to the development of strategic government roadmaps along with increasing intervention of local governments to augment the solar installed capacity in the nation.

Some of the major solar PV module firms in Europe are Eternia Solar, Trina Solar, Canadian Solar, JA SOLAR Technology Co., Ltd, JinkoSolar, First Solar, REC Solar Holdings AS, BELECTRIC, CsunSolarTech, The Solaria Corporation, LG Electronics, and Yingli Solar.