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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
Why is the commercial & industrial segment growing in the on-grid solar PV market?
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.
How big is the global on-grid solar PV market?
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.
Who are the major players in the on-grid solar PV market?
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.
What is the projected value of the U.S. on-grid solar PV market by 2034?
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.