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Solar Photovoltaic (PV) Panels Market

Solar Photovoltaic (PV) Panels Market

Solar Photovoltaic (PV) Panels Market Global Industry Assessment & Forecast

# Pages:


Base Year:


Nov - 2021


Report Code:


Segments Covered
  • By Product Grid connected, Off-grid
  • By Application Residential, Commercial, Utility scale
Forecast YearsForecast Years: 2021 - 2028
Historical YearsHistorical Years: 2016 - 2020
Revenue 2021Revenue 2021: 112.36 Billion
Revenue 2028Revenue 2028: 169.61 Billion
Revenue CAGRRevenue CAGR (2021 - 2028): 5.29
Fastest Growing Region Fastest Growing Region (2022 - 2028) Asia Pacific
Customization Offered
  • Cross-segment Market Size and Analysis for Mentioned Segments
  • Additional Company Profiles (Upto 5 With No Cost)
  • Additional Countries (Apart From Mentioned Countries)
  • Country/Region-specific Report
  • Go To Market Strategy
  • Region Specific Market Dynamics
  • Region Level Market Share
  • Import Export Analysis
  • Production Analysis
  • Others Request Customization Speak To Analyst

The report delivers an acute breakdown of the market based on various segments such as Product, Application, , and region. All the segments are studied considering historical and future trends across geographies. All the segments are analyzed based on trends, market size, and forecast, and the data is provided for the years 2016–2028. Several growth factors and opportunities impacting various segments have been incorporated in the report.

On the basis of Product, the market is divided into Grid connected,Off-grid. Grid connected held the largest share in 2020 and is projected to grow at a noteworthy CAGR within the forecast period.

Based on Application, the market is divided into Residential, Commercial, Utility scale,. Commercial attributed to the highest market share and is expected to grow at a significant CAGR from 2021 to 2028. 

Global Solar Photovoltaic (PV) Panels Market: Product Segment Analysis

    • Grid connected
    • Off-grid

Global Solar Photovoltaic (PV) Panels Market: Application Segment Analysis

    • Residential
    • Commercial
    • Utility scale
Frequently Asked Question
  • The global Solar Photovoltaic (PV) Panels valued at 112.36 Billion in 2020 and is expected to reach 169.61 Billion in 2028 growing at a CAGR of 5.29%.

  • The prominent players in the market are Solar World Ag, Suntech Power Holding Co. Ltd., Sharp Corporation, Yingli Green Energy Holding Co. Ltd., Canadian Solar Inc., First Solar Inc., Schott Solar Ag., Jinko Solar Holding Company Ltd., Sun Power Corporation, Trina Solar Ltd..

  • The market is project to grow at a CAGR of 5.29% between 2021 and 2028.

  • The driving factors of the Solar Photovoltaic (PV) Panels include

    • The increase in demand for solar photovoltaic (PV) among residential applications is anticipated to augment the growth of the market over the forecast period.
    • Furthermore, the increase in government initiatives and programs are also expected to supprt the growth of the market during the forecast period.

  • Asia Pacific was the leading regional segment of the Solar Photovoltaic (PV) Panels in 2020.