세계의 태양광발전 시장 규모, 점유율, 성장 분석 : 컴포넌트별, 재료별, 셀 타입별, 설치 유형별, 용도별, 지역별 - 산업 예측(2025-2032년)

Global Photovoltaic Market size was valued at USD 94.6 billion in 2023 and is poised to grow from USD 103.87 billion in 2024 to USD 219.44 billion by 2032, growing at a CAGR of 9.8% during the forecast period (2025-2032).

The global photovoltaic market is poised for robust growth, spurred by the escalating demand for renewable energy and a worldwide pivot toward sustainability. This technology, which efficiently converts sunlight into electricity, plays a pivotal role in mitigating climate change and reducing reliance on fossil fuels. With advancements in solar technology reducing costs and making photovoltaic systems more affordable for residential and commercial use, adoption rates are skyrocketing, especially with government incentives promoting solar investments. Additionally, the increasing energy demand from a growing population and the urgent need to lower carbon footprints further accelerate market growth. Emerging innovations, such as perovskite solar cells, promise significant advancements in efficiency, reinforcing solar energy's critical position in the transition to cleaner energy sources.

Top-down and bottom-up approaches were used to estimate and validate the size of the Global Photovoltaic market and to estimate the size of various other dependent submarkets. The research methodology used to estimate the market size includes the following details: The key players in the market were identified through secondary research, and their market shares in the respective regions were determined through primary and secondary research. This entire procedure includes the study of the annual and financial reports of the top market players and extensive interviews for key insights from industry leaders such as CEOs, VPs, directors, and marketing executives. All percentage shares split, and breakdowns were determined using secondary sources and verified through Primary sources. All possible parameters that affect the markets covered in this research study have been accounted for, viewed in extensive detail, verified through primary research, and analyzed to get the final quantitative and qualitative data.

Global Photovoltaic Market Segments Analysis

Global Photovoltaic Market is segmented by Component, Material, Cell Type, Installation Type, Application and region. Based on Component, the market is segmented into Modules, Inverters and Balance of System (BOS). Based on Material, the market is segmented into Silicon and Compounds. Based on Cell Type, the market is segmented into Full-Cell PV Modules and Half-Cell PV Modules. Based on Installation Type, the market is segmented into Ground-mounted, Building-Integrated Photovoltaics (BIPV) and Floating PV. Based on Application, the market is segmented into Residential, Commercial & Industrial and Utilities. Based on region, the market is segmented into North America, Europe, Asia Pacific, Latin America and Middle East & Africa.

Driver of the Global Photovoltaic Market

The Global Photovoltaic market is being propelled by several key drivers, including strong economic growth, a rapidly increasing population, and an expanding manufacturing sector, all of which contribute to heightened power consumption. Developing nations, in particular, are experiencing a significant surge in electricity demand fueled by infrastructure development and urbanization. As industrialization progresses and living standards improve, the necessity for electricity generation intensifies. In response to this growing demand, numerous countries worldwide are enhancing their power generation capabilities by either upgrading existing facilities or establishing new power plants, thereby further stimulating the photovoltaic sector.

Restraints in the Global Photovoltaic Market

The global photovoltaic market faces significant constraints due to the need for a diverse range of skilled professionals, including Ph.D. researchers in R&D, certified technicians, and other specialists to support various aspects of the industry. Currently, there is a shortage of qualified installers capable of implementing photovoltaic technology effectively. The limited availability of adequately trained manpower presents a critical challenge for the growth and expansion of the PV sector. As the demand for solar energy installations rises, addressing the skills gap in the workforce becomes essential for overcoming this barrier and ensuring the successful deployment of photovoltaic systems worldwide.

Market Trends of the Global Photovoltaic Market

The global photovoltaic market is experiencing significant growth driven by robust government initiatives aimed at promoting solar energy adoption. Various countries are implementing a range of incentives, including tax credits, rebates, feed-in tariffs, and subsidies, to lower the upfront costs associated with solar installations. Policies such as net metering further incentivize investment in solar technologies. Notably, initiatives like India's solar park, Viability Gap Funding (VGF), Central Public Sector Undertaking (CPSU) projects, and innovative schemes for defense and canal bank installations are accelerating the uptake of solar solutions. This supportive regulatory environment reflects a broader commitment to sustainable energy, positioning photovoltaics as a key player in the global energy transition.

Table of Contents

Introduction

• Objectives of the Study
• Scope of the Report
• Definitions

Research Methodology

• Information Procurement
• Secondary & Primary Data Methods
• Market Size Estimation
• Market Assumptions & Limitations

Executive Summary

• Global Market Outlook
• Supply & Demand Trend Analysis
• Segmental Opportunity Analysis

Market Dynamics & Outlook

• Market Overview
• Market Size
• Market Dynamics
  • Drivers & Opportunities
  • Restraints & Challenges
• Porters Analysis
  • Competitive rivalry
  • Threat of substitute
  • Bargaining power of buyers
  • Threat of new entrants
  • Bargaining power of suppliers

Key Market Insights

• Key Success Factors
• Degree of Competition
• Top Investment Pockets
• Market Ecosystem
• Market Attractiveness Index, 2024
• PESTEL Analysis
• Macro-Economic Indicators
• Value Chain Analysis
• Pricing Analysis
• Regulatory Landscape
• Case Studies
• Technological Advancement

Global Photovoltaic Market Size by Component & CAGR (2025-2032)

• Market Overview
• Modules
• Inverters
• Balance of System (BOS)
  • Connections & Cables
  • Junction Boxes
  • Safety Equipment
  • Trackers
  • Batteries
  • Monitoring Systems
  • Others

Global Photovoltaic Market Size by Material & CAGR (2025-2032)

• Market Overview
• Silicon
  • Crystalline Silicon (C-Si)
  • Thin Film
• Compounds
  • Copper Indium Gallium Selenide (CIGS)
  • Cadmium Telluride (CDTE)

Global Photovoltaic Market Size by Cell Type & CAGR (2025-2032)

• Market Overview
• Full-Cell PV Modules
• Half-Cell PV Modules

Global Photovoltaic Market Size by Installation Type & CAGR (2025-2032)

• Market Overview
• Ground-mounted
• Building-Integrated Photovoltaics (BIPV)
  • Rooftops
  • Windows
• Floating PV

Global Photovoltaic Market Size by Application & CAGR (2025-2032)

• Market Overview
• Residential
• Commercial & Industrial
• Utilities

Global Photovoltaic Market Size & CAGR (2025-2032)

• North America (Component, Material, Cell Type, Installation Type, Application)
  • US
  • Canada
• Europe (Component, Material, Cell Type, Installation Type, Application)
  • Germany
  • Spain
  • France
  • UK
  • Italy
  • Rest of Europe
• Asia Pacific (Component, Material, Cell Type, Installation Type, Application)
  • China
  • India
  • Japan
  • South Korea
  • Rest of Asia-Pacific
• Latin America (Component, Material, Cell Type, Installation Type, Application)
  • Brazil
  • Rest of Latin America
• Middle East & Africa (Component, Material, Cell Type, Installation Type, Application)
  • GCC Countries
  • South Africa
  • Rest of Middle East & Africa

Competitive Intelligence

• Top 5 Player Comparison
• Market Positioning of Key Players, 2024
• Strategies Adopted by Key Market Players
• Recent Developments in the Market
• Company Market Share Analysis, 2024
• Company Profiles of All Key Players
  • Company Details
  • Product Portfolio Analysis
  • Company's Segmental Share Analysis
  • Revenue Y-O-Y Comparison (2022-2024)

Key Company Profiles

• JinkoSolar (China)
  • Company Overview
  • Business Segment Overview
  • Financial Updates
  • Key Developments
• LONGi Green Energy Technology (China)
  • Company Overview
  • Business Segment Overview
  • Financial Updates
  • Key Developments
• Canadian Solar (Canada)
  • Company Overview
  • Business Segment Overview
  • Financial Updates
  • Key Developments
• Trina Solar (China)
  • Company Overview
  • Business Segment Overview
  • Financial Updates
  • Key Developments
• First Solar (United States)
  • Company Overview
  • Business Segment Overview
  • Financial Updates
  • Key Developments
• JA Solar (China)
  • Company Overview
  • Business Segment Overview
  • Financial Updates
  • Key Developments
• Hanwha Q CELLS (South Korea)
  • Company Overview
  • Business Segment Overview
  • Financial Updates
  • Key Developments
• Risen Energy (China)
  • Company Overview
  • Business Segment Overview
  • Financial Updates
  • Key Developments
• SunPower Corporation (United States)
  • Company Overview
  • Business Segment Overview
  • Financial Updates
  • Key Developments
• GCL-Poly Energy Holdings Limited (China)
  • Company Overview
  • Business Segment Overview
  • Financial Updates
  • Key Developments
• Talesun Solar (China)
  • Company Overview
  • Business Segment Overview
  • Financial Updates
  • Key Developments
• Suntech Power (China)
  • Company Overview
  • Business Segment Overview
  • Financial Updates
  • Key Developments
• Yingli Solar (China)
  • Company Overview
  • Business Segment Overview
  • Financial Updates
  • Key Developments
• REC Group (Norway)
  • Company Overview
  • Business Segment Overview
  • Financial Updates
  • Key Developments
• Seraphim Solar (China)
  • Company Overview
  • Business Segment Overview
  • Financial Updates
  • Key Developments
• Chint Solar (Astronergy) (China)
  • Company Overview
  • Business Segment Overview
  • Financial Updates
  • Key Developments
• Sharp Corporation (Japan)
  • Company Overview
  • Business Segment Overview
  • Financial Updates
  • Key Developments
• Panasonic Corporation (Japan)
  • Company Overview
  • Business Segment Overview
  • Financial Updates
  • Key Developments
• LG Electronics (South Korea)
  • Company Overview
  • Business Segment Overview
  • Financial Updates
  • Key Developments
• Meyer Burger Technology AG (Switzerland)
  • Company Overview
  • Business Segment Overview
  • Financial Updates
  • Key Developments

Conclusion & Recommendations