The global solar photovoltaic (PV) market size was valued at  USD 308.60 Million in 2023  and is projected to reach  USD 2401.99 Million by 2032 , growing at a  CAGR of 25.6%  during the forecast period (2024-2032). 

Market Scope and Research Methodology

This report delivers a comprehensive, multi-tier evaluation of the market at global, regional, and country levels. It analyzes market reach, regional leadership, and competitive strategies of key players, supported by a SWOT assessment. The study follows Straits Research's rigorous methodology, integrating primary and secondary research with validated forecasting techniques to ensure accurate and reliable market insights.

The core objective of the Solar Photovoltaic (PV) Market Report is to present actionable insights into market dynamics, evolving trends, and the critical factors influencing overall performance. The study analyzes industry structure, segmentation patterns, and projected market valuation, while also exploring growth catalysts, structural challenges, and opportunities driven by technological innovation, regulatory developments, cost optimization, and shifting consumer demand.

Download Exclusive Research Report PDF Sample
(Including Full Table of Contents, List of Tables & Figures, and Charts):
https://straitsresearch.com/report/solar-photovoltaic-market/request-sample

Regional Insights

The report offers a detailed regional analysis of the Solar Photovoltaic (PV) Market across North America, Europe, Asia Pacific, Latin America, the Middle East, and Africa. Each region is evaluated based on parameters such as market valuation, growth momentum, trade flow, and overall industry maturity. This geographic segmentation enables a clearer understanding of regional competitiveness and untapped growth potential.

Market Segmentation

1. By Type
   1. Thin Film
   2. Multi-Si
   3. Mono-Si
2. By End-User
   1. Residential
   2. Commercial
   3. Utility
3. By Deployment
   1. Ground-mounted
   2. Rooftop Solar

Key Market Players

1. First Solar Inc.
2. Suntech Power Holding Co. Ltd
3. Sharp Corporation
4. JinkoSolar Holding Co. Ltd
5. JA Solar Holdings Co. Ltd
6. Trina Solar Ltd
7. Hanwha Q Cells Co. Ltd
8. Acciona SA
9. Canadian Solar Inc.
10. SunPower Corporation
11. LONGi Green Energy Technology Co. Ltd

Download Exclusive Research Report PDF Sample
(Including Full Table of Contents, List of Tables & Figures, and Charts):
https://straitsresearch.com/report/solar-photovoltaic-market/request-sample

Key Questions Addressed

• What is the Solar Photovoltaic (PV) Market?
• What was the market valuation of the Solar Photovoltaic (PV) Market in 2024?
• What compound annual growth rate (CAGR) is projected during the forecast period?
• Which drivers are expected to accelerate market expansion?
• How is the market segmented?
• What competitive strategies are being adopted by key players?
• Which emerging trends and applications are influencing industry evolution?
• Who are the major participants operating in the Solar Photovoltaic (PV) Market market?
• What are the core capabilities and product portfolios of leading companies?

About Us

With over ten years of industry experience, Straits Research has supported more than 2,000 organizations—ranging from startups to global enterprises—by equipping executives and decision-makers with reliable, data-driven insights. Our annually published syndicated research covers high-impact industries including chemicals and materials, food and beverages, healthcare and pharmaceuticals, automotive, technology, aerospace, and defense. Alongside these reports, our customized research solutions are designed to address unique business challenges and enable strategic growth.