Report Highlights
The global market for solar power technologies is estimated to increase from $182.5 billion in 2022 to $371.7 billion by 2027, at a compound annual growth rate (CAGR) of 15.3% during 2022-2027.
Report Includes
- 86 data tables and 65 additional tables
- An up-to-date overview and analysis of the global market for solar power technologies
- Analyses of the global and regional market trends with market revenue data for 2021, estimates for 2022, and projections of compound annual growth rates (CAGRs) through 2027
- Estimation of the actual market size for solar energy markets in value and volumetric terms, market forecast, and corresponding market share analysis by energy type, technology, application, and geographic region
- Discussion of the key market growth drivers, opportunities and restraints in the solar energy industry, regulatory dynamics, manufacturing trends, upcoming technologies, and future trends & innovations
- Examination of the industry value chain analysis providing a systematic study of key intermediaries involved, with emphasis on manufacturers, suppliers, and major users of these products
- Updated information on key mergers and acquisitions and other strategies in the solar electric power generation market
- Analysis of the competitive landscape of the major manufacturers and suppliers of PV modules based on recent developments and segmental revenues
- Descriptive company profiles of the leading PV manufacturers, including ABB Power Generation, Canadian Solar Inc., LONGi Green Energy Technology, Jinko Solar, Tata Power Solar, and Trina Solar Co., Ltd.
Report Scope
The report is a compilation of existing BCC Research reports in the solar energy market. The topics analyzed within the report include a detailed breakdown and analysis of the global markets for solar technologies by geography, technology and application. Additionally, included are a review of the different technologies from second-generation and third-generation solar technologies such as Organic Photovoltaics (OPVs)/Plastic Solar Cells and Multi-junction Photovoltaics (MJPVs) and Concentrating Photovoltaics (CPVs) which are currently in commercial use; and a review of early-stage technologies that are beginning to see transfer from research to commercialization and major factors impelling and impeding the global growth.
The scope of this report extends to sizing of the solar energy market and an analysis of global market trends with market data for solar installations at global level in 2021, which is being considered as the base year, 2022 as the estimate year and forecast for 2027, with a projection of CAGRs from 2022 to 2027. Market data provided in volume is cumulative installed capacity. The report also provides the value in millions of U.S. dollars and which corresponds to the volume presented in this report.
The report focuses on assessment of solar energy technologies and an analysis of companies/manufacturers and the related system providers. Market dynamics such as drivers, restraints, and opportunities are also discussed in the report. The study forecasts the market value of the solar energy market for key technologies such as PV and CSP.
This report covers the technological, economic and business considerations of the solar industry, with analyses and forecasts provided for global markets. Included in the report are descriptions of market forces relevant to the solar industry and their areas of application.
This report considers the impact of COVID-19. In 2020, the growth rate of manufacturing industries around the world was severely affected by the pandemic. The COVID-19 pandemic halted progress in every regional economy. Various governments around the world are taking necessary measures to contain the economic slowdown.
Report Synopsis
| Report Metrics | Details | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Base year considered | 2021 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| Forecast period considered | 2022-2027 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| Base year market size | $158.8 billion | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| Market size forecast | $371.7 billion | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| Growth rate | CAGR of 15.3% from 2022 to 2027 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| Units considered | $ Millions | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| Segments covered | Region/Country, TYPE, Technology, Application | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| Regions covered | North America, Asia-Pacific, Europe, South America, Middle East and Africa (MEA). | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| Countries covered | U.S., Canada., China., Japan., Rest of Asia-Pacific., Germany., Italy., Rest of Europe. | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| Key Market Drivers |
|
||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| Companies studied |
|
Analyst Credentials
BCC Research Team possesses expertise and experience in life and physical science domains. They specialize in offering valuable business insights, including industry analysis, competitor intelligence, strategic and financial analysis, and opportunity assessment. The team has in-depth knowledge of various sectors, including healthcare, biotechnology, pharmaceuticals, IT, automation, advanced materials, and energy. They are proficient in qualitative and quantitative market intelligence providing clients with actionable insights. With a vast understanding of the competitive landscape, the team can support clients in making data-driven decisions to help them achieve a competitive edge in their respective markets.
- The Global Market for Composites: Resins, Fillers, Reinforcements, Natural Fibers and Nanocomposites (PLS029H)
- Alzheimer's Disease Therapeutics and Diagnostics: Global Markets (PHM062E)
- Impact Modifiers: Global Markets (AVM252A)
- Adhesives and Adhesive-Applying Equipment: Technologies and Global Markets (CHM073E)
- Bioprocess Optimization and Digital Bio-manufacturing: Global Markets (BIO170B)
Report Highlights
The global market for solar power technologies should grow from $143.3 billion in 2018 to $286.3 billion by 2023 at a compound annual growth rate (CAGR) of 14.9% during the forecast period of 2018-2023.
Report Includes
- 39 data tables and 38 additional tables
- Industry analysis of the solar energy technologies
- Analyses of global market trends with data from 2017 and 2018, and projections of compound annual growth rates (CAGRs) through 2023
- Detailed study of market driving forces, opportunities, restraints and other critical technological and regulatory updates that influence the current and future market dynamics
- Regional dynamics of the solar energy market covering North America, Europe, APAC and other emerging economies from the rest of the world
- Brief outlining of alternative solar photovoltaic technologies industry and its structure, and companies associated with providing these technologies
- Examination of the competitive landscape and market share analysis of the key global players
- Comprehensive profiles of market leading companies within the energy sector, including General Electric Company, Kyocera Corp., Mitsubishi Electric Corp., Schneider Electric, St. Gobain and Parker Hannifin Inc.
Related Reports
Water Heater: Global Markets
The global market for water heaters is estimated to increase from $23.7 billion in 2023 to reach $32.1 billion by 2029, at a compound annual growth rate (CAGR) of 5.2% from 2024 through 2029.
Global Markets, Technologies and Materials for Thin and Ultrathin Films
The global market for thin and ultrathin films is expected to grow from $20.6 billion in 2023 to $38.8 billion by the end of 2028, at a compound annual growth (CAGR) of 13.5% from 2023 to 2028.
Global Bifacial Solar Market
This report provides an overview of the global bifacial solar market. It covers various region-specific developments in the industry. The report also assesses the bifacial solar market by type of panel, module and frame, along with installation and application. The report also profiles leading companies with information on product portfolios.
Solar Panel Recycling: Global Market
The global solar panel recycling market reached $238.7 million in 2022, should reach $360.9 million by 2023 and $1.7 billion by 2028 with a compound annual growth rate (CAGR) of 36.8% during the forecast period of 2023-2028.
Recent Reports
Hydrogen Fuel Cell: Global Markets
The global market for hydrogen fuel cells is estimated to increase from $5.1 billion in 2024 to reach $11.0 billion by 2029, at a compound annual growth rate (CAGR) of 16.5% from 2024 through 2029.
Biorefinery Products and Applications: Global Markets
The global market for biorefinery products and applications was valued at $715.7 billion in 2023. The market is expected to grow from $775.2 billion in 2024 to nearly $1.2 trillion by 2029, at a compound annual growth rate (CAGR) of 8.8% from 2024 to 2029.
Battery Separators: Global Markets
The global market for battery separators is expected to grow from $8.1 billion in 2024 and is projected to reach $19.0 billion by the end of 2029, at a compound annual growth rate (CAGR) of 18.6% during the forecast period of 2024 to 2029.
Carbon Credits Market: Global Outlook
This report provides an up-to-date analysis of current and future markets for carbon credits and the carbon offsets industry. It presents a thorough and up-to-date global assessment of the market and business of carbon credits. The report also includes a competitive landscape, ESG analysis, and detailed company profiles of leading market players.
Hydrogen Storage: Materials, Technologies and Global Markets
The global market for hydrogen storage materials and technologies is expected to grow from $5.3 billion in 2023 to $7.7 billion by the end of 2028, at a compound annual growth rate (CAGR) of 7.6% from 2023 through 2028.
Top Trending Reports
Single-use Technologies for Biopharmaceuticals: Global Markets
The global market for single-use technologies for biopharmaceuticals is expected to grow from $6.5 billion in 2024 and is projected to reach $11.2 billion by the end of 2029, at a compound annual growth rate (CAGR) of 11.6% during the forecast period of 2024 to 2029.
Cell and Gene Therapy Tools, and Reagents: Global Markets
The global market for Cell and Gene Therapy (CGT) Tools and Reagents is estimated to increase from $10.0 billion in 2024 to reach $16.7 billion by 2029, at a compound annual growth rate (CAGR) of 10.8% from 2024 through 2029.
Medical Devices Industry: Competitive Landscape
The global market for medical devices is estimated to increase from 810.4 billion in 2024 to reach $1.3 trillion by 2029, at a compound annual growth rate (CAGR) of 9.8% from 2024 through 2029.
Global Market Opportunities and Competitive Landscape for CDMO
The global CDMO market was valued at $128.0 billion in 2023. This market is expected to grow from $136.6 billion in 2024 to $191.6 billion by the end of 2029, at a compound annual growth rate (CAGR) of 7.0% from 2024 to 2029.
Chronic Disease Management: Therapeutics, Device Technologies and Global Markets
The global market for chronic disease management therapeutics and device technologies was valued at $675.0 billion in 2023. It is projected to grow from $726.3 billion in 2024 to $1.1 trillion by 2029, at a compound annual growth rate (CAGR) of 8.1% from 2024 through 2029.
Become A Member
BCC Research offers a comprehensive library of reports, granting members unlimited access to data, insights, and market intelligence for informed business decisions, while actively supporting members in their evolving journeys and prioritizing high-quality, relevant topics based on continuous engagement with the research community.
Find Out MoreCustom Consulting
BCC Research emphasizes the importance of organizations leveraging highly customized market insights aligned with specific strategic business objectives through direct engagement with primary sources and proprietary forecasting models for profitable decision-making in maximizing growth opportunities and minimizing risks.
Customize NowScorecard
The Venture Scorecard provides commercialization offices and decision makers with expert analysis, offering strategic insights crucial for aligning objectives with market realities at various stages of commercializing new products or evaluating investment opportunities, from opportunity assessment to growth planning.
Find Out MoreInnovation Spotlight
Our industry experts offer strategic guidance to maximize the market potential of commercialized products, patents, and IP by providing insights into market trends, competitive dynamics, and effective positioning, using the Innovation Spotlight service for enhanced exposure to thought leaders and the wider community.
Find Out More