태양광발전(PV) 시장 : 시장 점유율 분석, 업계 동향 및 통계, 성장 예측(2026-2031년)

According to Mordor Intelligence, the solar photovoltaic market size in terms of installed base is projected to be 2.34 Terawatt in 2025, 2.91 Terawatt in 2026, and reach 7.23 Terawatt by 2031, growing at a CAGR of 19.92% from 2026 to 2031.

This report is Segmented by Technology (Monocrystalline-Si, Multicrystalline-Si, Thin-Film, Tandem/Perovskite), Deployment Type (Ground-Mounted, Rooftop/BIPV, Floating PV), End-User (Residential, Commercial and Industrial, Utility-Scale IPPs), and Geography (North America, Europe, Asia-Pacific, South America, Middle East and Africa). The Market Forecasts are Provided in Terms of Volume (GW).

Global Solar Photovoltaic (PV) Market Trends and Insights

Falling Module ASPs Widen Grid-Parity Zones

Spot prices in the Solar PV market dropped to USD 0.082 per watt-peak FOB China in July 2025, a 32% fall from early 2024. The decrease expanded grid-parity to 142 nations where utility-scale solar now undercuts coal and gas generation by 15-25%. Market consolidation accelerated as the five largest suppliers controlled 68% of 2025 shipments. Regulatory efficiency thresholds of 21% for utility projects and 19% for rooftop systems safeguard performance standards. Developers responded by integrating module production and EPC services to recapture margin. Forward price curves suggest another 10-15% decline by 2027 as N-type TOPCon technology achieves manufacturing parity with PERC.

IRA-Driven On-Shoring of PV Manufacturing in the U.S.

Section 45X credits of USD 0.07 per watt-dc for modules and USD 0.04 per watt-dc for cells spurred USD 10 billion of factory announcements through 2025. First Solar's Louisiana plant adds 3.5 GW of thin-film output in 2026. Domestic module production reached 12 GW dc in 2024, yet satisfied only 8% of local demand. Treasury guidance now requires 55% U.S. cost content by 2027 to qualify for the full 30% investment tax credit. Vertically integrated supply chains cut lead times to eight weeks and slashed freight costs by 40% for East Coast projects.

Grid-Congestion & Curtailment Risks in High-Penetration Regions

California curtailed 2.6 million MWh of renewable electricity in 2023, equal to 385,000 homes' annual use. Evening ramps increase gas-peaker cycling costs by USD 15-20 per MWh. ERCOT foresees 4 million MWh of curtailment each year by 2028 as West-Texas solar surpasses transmission capacity. Germany paid EUR 1.2 billion to compensate curtailed generators in 2024. South Australia imposed dynamic export limits on rooftop systems, cutting household feed-in revenue 12-18%. U.S. interconnection queues above 2,000 GW stretch upgrade timelines to a decade, posing a key challenge for the Solar photovoltaic PV market by pushing developers toward behind-the-meter installations.

Other drivers and restraints analyzed in the detailed report include:

1. AI-Enabled Solar Forecasting Cuts Balancing Costs
2. Demand From Green-Hydrogen Electrolyzer Projects
3. Rapid Polysilicon Price Swings Squeeze Producer Margins

For complete list of drivers and restraints, kindly check the Table Of Contents.

Segment Analysis

Monocrystalline silicon maintained 86.1% solar panels market share in 2025 as cell efficiencies reached 27.81%, reinforcing its leadership in the Solar PV industry. The solar panels market size for advanced tandem and perovskite modules is forecast to grow at 31.1% CAGR through 2031, reflecting Oxford PV's 24.5% commercial products and 10,000-hour stability milestones. Multicrystalline declined to 8.2% as producers migrated toward N-type TOPCon and heterojunction lines that lift performance by 1.5-2 percentage points at comparable costs.

Investment in R&D topped USD 1.2 billion among leading firms in 2025, focusing on bifacial, half-cut, and multi-bus-bar layouts that push 600 W-plus panel ratings. Thin-film cadmium-telluride retained a 4.9% share, favored for hot-climate utility sites where lower temperature coefficients elevate annual energy yield 3-5%. Bankability hinges on IEC 61215 and IEC 61730 compliance, which underpins financing terms and lowers debt margins by up to 50 basis points.

Complete Report Scope:

• By Technology
  • Monocrystalline-Si
  • Multicrystalline-Si
  • Thin-film (CdTe, CIGS, a-Si)
  • Tandem/Perovskite
• By Deployment Type
  • Ground-mounted
  • Rooftop/Building-Integrated (BIPV)
  • Floating PV
• By End-User
  • Residential
  • Commercial and Industrial
  • Utility-scale IPPs
• By Geography
  • North America
    • United States
    • Canada
    • Mexico
  • Europe
    • Germany
    • United Kingdom
    • France
    • Italy
    • Russia
    • Rest of Europe
  • Asia-Pacifc
    • China
    • India
    • Japan
    • South Korea
    • ASEAN Countries
    • Australia
    • Rest of Asia-Pacifc
  • South America
    • Brazil
    • Argentina
    • Rest of South America
  • Middle East and Africa
    • Saudi Arabia
    • United Arab Emirates
    • South Africa
    • Nigeria
    • Rest of Middle East and Africa

Geography Analysis

Asia-Pacific closed 2025 with 64.3% of global installed capacity, driven by China's 210 GW of new projects and India's 85 GW cumulative base. Japan's feed-in tariff step-down slowed rooftop growth, but corporate PPAs advanced 62% as LNG volatility spurred interest in price stability. ASEAN markets added 18 GW thanks to concessional finance that trimmed debt premiums 30-40 basis points. Australia's household penetration reached 38%, yet dynamic export caps in high-renewables states redirected capital toward utility-scale solar-plus-storage.

The Middle East and Africa are set for a 21.5% CAGR, supported by Saudi Arabia's 58.7 GW Vision 2030 roadmap and the UAE's 5 GW Dubai park expansion. Saudi Arabia's 1.5 GW Sudair plant achieved a record USD 0.0104 per kWh bid price. The UAE's Noor Abu Dhabi now covers 10% of local demand and exports into the Gulf interconnector. South Africa awarded 3.2 GW in Bid Window 6 but postponed 1.8 GW due to grid constraints. Nigeria deployed 450 MW of mini-grids in 2025, extending service to 2.8 million people.

North America accounted for 12.8% of the solar photovoltaic market capacity in 2025. The United States added 32 GW, with Texas surpassing California in annual additions. Canada's 30% clean-electricity tax credit stimulated 2.5 GW across Alberta and Ontario. Mexican rooftop deployment slowed amid net-metering uncertainty. Europe captured a 9.4% share; Germany installed 8.5 GW and Spain 6.2 GW under carbon-price pressures near EUR 90 per t CO2. Brazil's distributed-generation base hit 18 GW in 2025, retaining full retail credit for exports.

1. LONGi Green Energy Technology Co. Ltd.
2. Trina Solar Co. Ltd.
3. JinkoSolar Holding Co. Ltd.
4. JA Solar Technology Co. Ltd.
5. First Solar Inc.
6. Canadian Solar Inc.
7. Hanwha Q Cells Co. Ltd.
8. SunPower Corporation
9. Risen Energy Co. Ltd.
10. Sharp Corporation
11. Suntech Power Co. Ltd.
12. REC Solar Holdings AS
13. GCL System Integration Technology
14. Maxeon Solar Technologies
15. Yingli Solar
16. Adani Solar
17. Axitec Energy GmbH
18. FuturaSun Srl
19. Waaree Energies Ltd.
20. Meyer Burger Technology AG

Additional Benefits:

• The market estimate (ME) sheet in Excel format
• 3 months of analyst support

TABLE OF CONTENTS

1 Introduction

• 1.1 Study Assumptions & Market Definition
• 1.2 Scope of the Study

2 Research Methodology

3 Executive Summary

4 Market Landscape

• 4.1 Market Overview
• 4.2 Market Drivers
  • 4.2.1 Falling module ASPs widen grid-parity zones
  • 4.2.2 IRA-driven on-shoring of PV manufacturing in the U.S.
  • 4.2.3 AI-enabled solar forecasting cuts balancing costs
  • 4.2.4 Demand from green-hydrogen electrolyzer projects
  • 4.2.5 Corporate 24/7 clean-power PPA commitments
  • 4.2.6 Agrivoltaics unlocks dual-land use revenues
• 4.3 Market Restraints
  • 4.3.1 Grid-congestion & curtailment risks in high-penetration regions
  • 4.3.2 Rapid polysilicon price swings squeeze producer margins
  • 4.3.3 Anti-dumping trade actions fragment supply chains
  • 4.3.4 Rising rooftop-fire regulations add balance-of-system (BOS) cost
• 4.4 Supply-Chain Analysis
• 4.5 Regulatory Landscape
• 4.6 Technological Outlook
• 4.7 Porter's Five Forces
  • 4.7.1 Bargaining Power of Suppliers
  • 4.7.2 Bargaining Power of Consumers
  • 4.7.3 Threat of New Entrants
  • 4.7.4 Threat of Substitutes
  • 4.7.5 Intensity of Competitive Rivalry
• 4.8 Installed-Capacity and Shipment Trends
• 4.9 Pricing and LCOE Trends
• 4.10 Key Projects Pipeline

5 Market Size & Growth Forecasts

• 5.1 By Technology
  • 5.1.1 Monocrystalline-Si
  • 5.1.2 Multicrystalline-Si
  • 5.1.3 Thin-film (CdTe, CIGS, a-Si)
  • 5.1.4 Tandem/Perovskite
• 5.2 By Deployment Type
  • 5.2.1 Ground-mounted
  • 5.2.2 Rooftop/Building-Integrated (BIPV)
  • 5.2.3 Floating PV
• 5.3 By End-User
  • 5.3.1 Residential
  • 5.3.2 Commercial and Industrial
  • 5.3.3 Utility-scale IPPs
• 5.4 By Geography
  • 5.4.1 North America
    • 5.4.1.1 United States
    • 5.4.1.2 Canada
    • 5.4.1.3 Mexico
  • 5.4.2 Europe
    • 5.4.2.1 Germany
    • 5.4.2.2 United Kingdom
    • 5.4.2.3 France
    • 5.4.2.4 Italy
    • 5.4.2.5 Russia
    • 5.4.2.6 Rest of Europe
  • 5.4.3 Asia-Pacifc
    • 5.4.3.1 China
    • 5.4.3.2 India
    • 5.4.3.3 Japan
    • 5.4.3.4 South Korea
    • 5.4.3.5 ASEAN Countries
    • 5.4.3.6 Australia
    • 5.4.3.7 Rest of Asia-Pacifc
  • 5.4.4 South America
    • 5.4.4.1 Brazil
    • 5.4.4.2 Argentina
    • 5.4.4.3 Rest of South America
  • 5.4.5 Middle East and Africa
    • 5.4.5.1 Saudi Arabia
    • 5.4.5.2 United Arab Emirates
    • 5.4.5.3 South Africa
    • 5.4.5.4 Nigeria
    • 5.4.5.5 Rest of Middle East and Africa

6 Competitive Landscape

• 6.1 Market Concentration
• 6.2 Strategic Moves (M&A, Partnerships, PPAs)
• 6.3 Market Share Analysis (Market Rank/Share for key companies)
• 6.4 Company Profiles (includes Global level Overview, Market level overview, Core Segments, Financials as available, Strategic Information, Products & Services, and Recent Developments)
  • 6.4.1 LONGi Green Energy Technology Co. Ltd.
  • 6.4.2 Trina Solar Co. Ltd.
  • 6.4.3 JinkoSolar Holding Co. Ltd.
  • 6.4.4 JA Solar Technology Co. Ltd.
  • 6.4.5 First Solar Inc.
  • 6.4.6 Canadian Solar Inc.
  • 6.4.7 Hanwha Q Cells Co. Ltd.
  • 6.4.8 SunPower Corporation
  • 6.4.9 Risen Energy Co. Ltd.
  • 6.4.10 Sharp Corporation
  • 6.4.11 Suntech Power Co. Ltd.
  • 6.4.12 REC Solar Holdings AS
  • 6.4.13 GCL System Integration Technology
  • 6.4.14 Maxeon Solar Technologies
  • 6.4.15 Yingli Solar
  • 6.4.16 Adani Solar
  • 6.4.17 Axitec Energy GmbH
  • 6.4.18 FuturaSun Srl
  • 6.4.19 Waaree Energies Ltd.
  • 6.4.20 Meyer Burger Technology AG

7 Market Opportunities & Future Outlook

• 7.1 White-space & Unmet-need Assessment