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On Grid Solar PV Market Share

Report ID: GMI5975
Published Date: Dec 2024
Report Format: PDF

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On Grid Solar PV Market Share

The on-grid solar PV industry is highly competitive, with numerous players involved across different aspects of the value chain, from manufacturing solar panels and inverters to providing installation, maintenance, and financial solutions. Companies are seeking to reduce their carbon footprint, lower energy costs, and secure energy supply against rising utility prices. Major corporations have committed to powering their operations with renewable energy, including on-grid solar.

On Grid Solar PV Market Companies

Eminent players operating in the on grid solar PV industry are:

Canadian Solar
CsunSolarTech
EMMVEE SOLAR
First Solar
JA SOLAR Technology Co., Ltd.
Jinko Solar
LG Electronics
Q CELLS
REC Solar Holdings AS
Renesola
Shunfeng International Clean Energy
Solaria Corporation
Solar Frontier KK
Trina Solar
Yingli Solar

Authors: Ankit Gupta, Srishti Agarwal

Frequently Asked Questions (FAQ) :

The global market for on-grid solar PV was reached USD 301 billion in 2024 and is estimated to grow at a CAGR of 8.1% from 2025 to 2034, driven by increased deployment of large-scale solar PV systems.

The commercial & industrial segment is set to exceed USD 132 billion by 2034, due to the growing need to reduce carbon emissions, driving advancements in solar panel technology.

The U.S. on-grid solar PV market is likely to exceed USD 47 billion by 2034, supported by national and local government policies and financial incentives.

Key players in the on-grid solar PV market include Canadian Solar, CsunSolarTech, EMMVEE SOLAR, First Solar, JA SOLAR Technology Co., Ltd., Jinko Solar, LG Electronics, Q CELLS, REC Solar Holdings AS, Renesola, Shunfeng International Clean Energy, Solaria Corporation, Solar Frontier KK, Trina Solar, and Yingli Solar.