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Europe Solar PV Module Market Trends

Report ID: GMI6760
Published Date: Nov 2024
Report Format: PDF

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Europe Solar PV Module Market Trends

Increasing adoption of solar projects, supported by regulatory frameworks, is transforming the market growth. Rising solar development facilities and growing investments from both private and public sectors are driving the push for cost-effective clean electricity generation. Additionally, government legislations and schemes aim to expand solar energy infrastructure and reduce household dependency on fossil fuels. Additionally, strategic investments and the ongoing development of large-scale projects in both the private and public sectors are set to enhance the market potential.

Authors: Ankit Gupta, Srishti Agarwal

Frequently Asked Questions (FAQ) :

The European market for solar PV module market was valued at USD 63.1 billion in 2024 and is estimated to grow at a 7% CAGR from 2025 to 2034, driven by increased emphasis on green initiatives and achieving net-zero targets.

The crystalline technology segment is projected to reach USD 116 billion by 2034, influenced by streamlined manufacturing processes and a consistent decline in module costs.

The on-grid segment is anticipated to grow at a rate exceeding 6.5% CAGR through 2034, propelled by an increasing emphasis on sustainability and the recycling of end-of-life solar panels.

Germany solar PV module market is forecasted to exceed USD 50 billion by 2034, led by strategic government initiatives and increased local government involvement.

Key players in the Europe solar PV module market include BELECTRIC, Canadian Solar, CsunSolarTech, Eternia Solar, EMMVEE SOLAR, First Solar, JA SOLAR Technology, JinkoSolar, LG Electronics, LONGi, REC Solar Holdings, RENESOLA, Shunfeng International Clean Energy, SOLAR FRONTIER K.K., The Solaria Corporation, Trina Solar, Vikram Solar, and Yingli Solar.