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Residential Solar PV Market Share

Report ID: GMI5751
Published Date: May 2023
Report Format: PDF

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Residential Solar PV Market Share

Prominent industry participants operating across the residential solar PV market include :

Trina Solar
Canadian Solar
JA SOLAR Technology Co., Ltd.
Jinko Solar
REC Solar Holdings AS
GCL SI
Q CELLS
CsunSolarTech
Solaria Corporation
LG Electronics
Yingli Solar
Shunfeng International Clean Energy Co., Ltd.
EMMVEE SOLAR
SHENZHEN SHINE SOLAR CO., LTD
Motech Industries Inc.
SunPower Corporation
Risen Energy Co., Ltd.
Vikram Solar Pvt Ltd.
Su-vastika Solar
LONGi.

Authors: Ankit Gupta, Srishti Agarwal

Frequently Asked Questions (FAQ) :

The market size of residential solar PV surpassed USD 41.41 billion in 2023 and is estimated to surpass USD 66.25 billion by 2032, owing to higher consumption of energy and the subsequent increase in electricity prices.

The ground mounted segment was reached USD 15.4 million in 2022, due to features such as ease of installation & access, availability of green loans, easier to repair & maintain, and some other benefits.

APAC market size was over USD 19 billion during 2022 and the regional share will grow with increasing number of large-scale investments, access to international players, and introduction of subsidies.

Some major companies in residential solar PV market include Yingli Solar, Jinko Solar, Canadian Solar, REC Solar Holdings AS, SunPower Corporation, Trina Solar, and Risen Energy Co., Ltd.