Solar Photovoltaic (PV) Market Size, Share, Trends, Key Country Analysis, Installed Capacity, Generation, Deals and Forecast to 2035

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Published: October 16, 2026 Report Code: GDAE1237MAR-ST

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“Solar Photovoltaic (PV) Market, Update 2026 – Global Market Size, Market Share, Major Trends, and Key Country Analysis to 2035” is the latest market analysis report from GlobalData, the industry analysis specialist.
The report provides a clear overview of and detailed insight into the global solar PV market. It provides historical data for 2020–2025 and forecasts to 2035 for solar PV capacity, annual additions by segment, mounting type and generation. It also covers major active and upcoming plants, deals, market size, module trade, module manufacturers’ market shares, growth factors and challenges, and key policies. This covers the global market, five regions and 16 key solar PV markets: the US, Brazil, Chile, China, India, Pakistan, Japan, Australia, the Netherlands, Germany, Spain, Italy, France, Saudi Arabia, South Africa and Egypt. New global sections compare indicative levelized costs of electricity (LCOE) with recent auction prices, review solar-plus-storage support, set official targets against GlobalData forecasts, assess each market’s dependence on Chinese modules, and examine manufacturer profitability and industry consolidation.
The report uses data and information sourced from proprietary databases, secondary research, and in-house analysis by GlobalData’s team of industry experts.

Scope

Global, regional and country-level installed capacity, annual additions and generation, 2020–2035

Annual additions by segment (utility-scale, commercial and industrial, and residential) and by mounting type (rooftop and ground-mounted)

Market size and average installed cost, 2020–2035

Major active and upcoming plants, upcoming project status, and the leading asset owners

Deal value, deal count, deals by type, and major mergers and acquisitions

Module imports and exports, and module manufacturers’ market shares

Growth factors, challenges, key laws and policies, and regulatory authorities for each country

Indicative LCOE, auction prices, solar-plus-storage, official targets and supply chain exposure

Reasons to Buy

The report will allow you to:

Facilitate decision-making with historical (2020–2025) and forecast (2026–2035) data on the solar PV market at a global level, by region and for 16 key countries.

Develop business strategies by understanding the growth factors, challenges, policies and targets that shape each market.

Position yourself to benefit from the industry’s growth potential by identifying the fastest-growing markets and segments.

Identify key partners, geographies and business development opportunities through data on major plants, asset owners, module manufacturers and deals.

Assess cost competitiveness using indicative levelized costs of electricity, auction prices and installed cost trends.

Adani Green Energy Ltd
NextEra Energy Inc
State Power Investment Corp Ltd
Brookfield Corp
Neoen SA
Enel SpA
CHN Energy Investment Group Co Ltd
TotalEnergies SE
RWE AG
Iberdrola SA
Engie SA
Electricite de France SA
AES Corp
ACWA Power Co
Scatec ASA
Abu Dhabi Future Energy Co PJSC (Masdar)
AMEA Power
Renova Inc
Pacifico Energy
Shizen Energy Inc
Solaria Energia y Medio Ambiente SA
Grenergy Renovables SA
Sonnedix
Voltalia SA
Repsol SA
Acciona SA
ACEN Corp
Marubeni Corp
NTPC Ltd
ONGC NTPC Green Pvt Ltd
Ayana Renewable Power Pvt Ltd
Avaada Energy Pvt Ltd
Reliance Industries Ltd
Premier Energies Ltd
Avangrid Inc
Saeta Yield SA
Eskom Holdings SOC Ltd
Saudi Electricity Co
K-Electric Ltd
JinkoSolar Holding Co Ltd
LONGi Green Energy Technology Co Ltd
Trina Solar Co Ltd
JA Solar Technology Co Ltd
Tongwei Co Ltd
Chint New Energy Technology Co Ltd (Astronergy)
GCL System Integration Technology Co Ltd
Hengdian Group DMEGC Magnetics Co Ltd
Canadian Solar Inc
TCL Zhonghuan Renewable Energy Technology Co Ltd
DAS Solar Co Ltd
Shanghai Aiko Solar Energy Co Ltd
Hanwha Qcells Co Ltd
Maxeon Solar Technologies Ltd
First Solar Inc
Meyer Burger Technology AG
Oxford Photovoltaics Ltd

Table of Contents

Table of Contents

1 Executive Summary

1.1 Global solar PV additions rose

17.5% to a record

571.1GW in 2025

1.2 GlobalData expects the first decline in annual additions since 2018 in 2026

1.3 China still leads, but India, Pakistan and Saudi Arabia broaden the market

1.4 Emerging regions grow fastest as Europe and North America slow

1.5 Utility-scale solar drives growth as the rooftop share falls

1.6 Falling costs took the market to $398.8 billion, but price declines have stalled

1.7 n-type cells dominate and tandem technology nears commercialization

1.8 Deal values held up despite fewer transactions

1.9 Grid constraints, trade measures and policy shifts are the main risks

2 Introduction

2.1 Solar PV, overview

2.2 Types of solar modules

2.2.1 Crystalline silicon modules

2.2.2 Thin-film technology

2.2.3 Perovskite technology

2.3 Types of solar PV mounting systems

2.3.1 Roof-mounted systems

2.3.2 Ground-mounted systems

2.3.3 Floating PV systems (Floatovoltaics)

2.3.4 Carport and canopy mounts

2.4 Nature of solar installations

2.4.1 By grid connectivity

2.5 Solar PV, value chain

2.6 Solar PV, manufacturing supply chain

3 Solar PV Market, Global

3.1 Solar PV market, Global, overview

3.2 Solar PV market, Global, installed capacity, 2020–2035

3.2.1 Solar PV market, Global, installed capacity by region, 2025

3.2.2 Solar PV market, Global, installed capacity by major countries, 2025

3.2.3 Solar PV market, Global, annual capacity addition by segment

3.2.4 Solar PV market, Global, annual capacity addition by mounting type

3.3 Solar PV market, Global, generation, 2020–2035

3.3.1 Solar PV market, Global, generation by region, 2025

3.3.2 Solar PV market, Global, generation by major countries, 2025

3.4 Solar PV market, Global, market size, 2020–2035

3.5 Solar PV market, Global, module market share, 2025

3.5.1 Solar PV market, Global, crystalline modules’ market share, 2025

3.5.2 Solar PV market, Global, thin-film modules market share, 2025

3.5.3 Solar PV market, Global, manufacturer profitability and consolidation outlook

3.6 Solar PV market, Global, company profiles

3.6.1 Solar PV market, Global, company profile, Adani Group

3.6.2 Solar PV market, Global, company profile, NextEra Energy

3.6.3 Solar PV market, Global, company profile, State Power Investment Corp

3.6.4 Solar PV market, Global, company profile, Brookfield Corp

3.6.5 Solar PV market, Global, company profile, Enel

3.6.6 Solar PV market, Global, company profile, CHN Energy Investment Group

3.6.7 Solar PV market, Global, company profile, TotalEnergies

3.6.8 Solar PV market, Global, company profile, RWE

3.6.9 Solar PV market, Global, company profile, Iberdrola

3.6.10 Solar PV market, Global, company profile, Engie

3.7 Solar PV market, Global, deal analysis

3.8 Solar PV market, Global, deals by type, 2025

3.8.1 Solar PV market, Global, mergers and acquisitions

3.9 Solar PV market, Global, growth factors and challenges

3.9.1 Solar PV market, Global, major growth factors

3.9.2 Solar PV market, Global, major challenges

3.10 Solar PV market, regional analysis

3.10.1 Solar PV market, Asia-Pacific

3.10.2 Solar PV market, Europe

3.10.3 Solar PV market, North America

3.10.4 Solar PV market, South and Central America

3.10.5 Solar PV market, Middle East and Africa

3.11 Solar PV market, Global, solar-plus-storage

3.12 Solar PV market, Global, cost competitiveness, indicative LCOE and auction prices

3.13 Solar PV market, Global, official targets and GlobalData forecasts

3.14 Solar PV market, Global, supply chain exposure

4 Solar PV Market, the US

4.1 Solar PV market, the US, overview

4.2 Solar PV market, the US, installed capacity, 2020–2035

4.2.1 Solar PV market, the US, cumulative installed capacity, by state

4.2.2 Solar PV market, the US, annual capacity addition, by state

4.2.3 Solar PV market, the US, annual capacity addition by segment

4.3 Solar PV market, the US, electricity generation, 2020–2035

4.3.1 Solar PV market, the US, electricity generation, by state

4.4 Solar PV market, the US, major active plants

4.5 Solar PV market, the US, major upcoming plants

4.6 Solar PV market, the US, upcoming projects status analysis

4.7 Solar PV market, the US, deal analysis

4.7.1 Solar PV market, the US, deals by type, 2025

4.7.2 Solar PV market, the US, mergers and acquisitions

4.8 Solar PV market, the US, market size, 2020–2035

4.9 Solar PV market, the US, imports and exports, 2022–2025

4.10 Solar PV market, the US, growth factors and challenges

4.10.1 Solar PV market, the US, major growth factors

4.10.2 Solar PV market, the US, major restraints and challenges

4.11 Solar PV market, the US, key laws, regulations and policies

4.12 Solar PV market, the US, major manufacturers

5 Solar PV Market, Brazil

5.1 Solar PV market, Brazil, overview

5.2 Solar PV market, Brazil, installed capacity, 2020–2035

5.3 Solar PV market, Brazil, annual capacity addition by segment

5.4 Solar PV market, Brazil, electricity generation, 2020–2035

5.5 Solar PV market, Brazil, major plants

5.6 Solar PV market, Brazil, major upcoming plants

5.7 Solar PV market, Brazil, upcoming projects status analysis

5.8 Solar PV market, Brazil, deal analysis

5.9 Solar PV market, Brazil, deals by type, 2025

5.10 Solar PV market, Brazil, market size, 2020–2035

5.11 Solar PV market, Brazil, imports and exports, 2022–2025

5.12 Solar PV market, Brazil, growth factors and challenges

5.12.1 Solar PV market, Brazil, major growth factors

5.12.2 Solar PV market, Brazil, major restraints and challenges

5.13 Solar PV market, Brazil, key laws, regulations and policies

5.14 Solar PV market, Brazil, major manufacturers

6 Solar PV Market, Chile

6.1 Solar PV market, Chile, overview

6.2 Solar PV market, Chile, installed capacity, 2020–2035

6.3 Solar PV market, Chile, annual capacity addition by segment

6.4 Solar PV market, Chile, electricity generation, 2020–2035

6.5 Solar PV market, Chile, major plants

6.6 Solar PV market, Chile, major upcoming plants

6.7 Solar PV market, Chile, upcoming projects status analysis

6.8 Solar PV market, Chile, deal analysis

6.9 Solar PV market, Chile, deals by type, 2025

6.10 Solar PV market, Chile, market size, 2020–2035

6.11 Solar PV market, Chile, imports and exports, 2022–2025

6.12 Solar PV market, Chile, growth factors and challenges

6.12.1 Solar PV market, Chile, major growth factors

6.12.2 Solar PV market, Chile, major restraints and challenges

6.13 Solar PV market, Chile, key laws, regulations and policies

6.14 Solar PV market, Chile, major manufacturers

7 Solar PV Market, China

7.1 Solar PV market, China, overview

7.2 Solar PV market, China, installed capacity, 2020–2035

7.3 Solar PV market, China, annual capacity addition by segment

7.4 Solar PV market, China, electricity generation, 2020–2035

7.5 Solar PV market, China, major plants

7.6 Solar PV market, China, major upcoming plants

7.7 Solar PV market, China, upcoming projects status analysis

7.8 Solar PV market, China, deal analysis

7.9 Solar PV market, China, deals by type, 2025

7.10 Solar PV market, China, market size, 2020–2035

7.11 Solar PV market, China, imports and exports, 2022–2025

7.12 Solar PV market, China, growth factors and challenges

7.12.1 Solar PV market, China, major growth factors

7.12.2 Solar PV market, China, major challenges

7.13 Solar PV market, China, key laws, regulations and policies

7.14 Solar PV market, China, major manufacturers

8 Solar PV Market, India

8.1 Solar PV market, India, overview

8.2 Solar PV market, India, installed capacity, 2020–2035

8.3 Solar PV market, India, annual capacity addition by segment

8.4 Solar PV market, India, electricity generation, 2020–2035

8.5 Solar PV market, India, major plants

8.6 Solar PV market, India, major upcoming plants

8.7 Solar PV market, India, upcoming projects status analysis

8.8 Solar PV market, India, deal analysis

8.9 Solar PV market, India, deals by type, 2025

8.10 Solar PV market, India, market size, 2020–2035

8.11 Solar PV market, India, imports and exports, 2022–2025

8.12 Solar PV market, India, growth factors and challenges

8.12.1 Solar PV market, India, major growth factors

8.12.2 Solar PV market, India, major restraints and challenges

8.13 Solar PV market, India, key laws, regulations and policies

8.14 Solar PV market, India, major manufacturers

9 Solar PV Market, Pakistan

9.1 Solar PV market, Pakistan, overview

9.2 Solar PV market, Pakistan, installed capacity, 2020–2035

9.3 Solar PV market, Pakistan, annual capacity additions by segment

9.4 Solar PV market, Pakistan, electricity generation, 2020–2035

9.5 Solar PV market, Pakistan, major plants

9.6 Solar PV market, Pakistan, upcoming plants

9.7 Solar PV market, Pakistan, upcoming projects status analysis

9.8 Solar PV market, Pakistan, deal analysis

9.9 Solar PV market, Pakistan, deals by type, 2025

9.10 Solar PV market, Pakistan, market size, 2020–2035

9.11 Solar PV market, Pakistan, imports and exports, 2022–2025

9.12 Solar PV market, Pakistan, growth factors and challenges

9.12.1 Solar PV market, Pakistan, major growth factors

9.12.2 Solar PV market, Pakistan, major restraints and challenges

9.13 Solar PV market, Pakistan, key laws, regulations and policies

9.14 Solar PV market, Pakistan, major manufacturers

10 Solar PV Market, Japan

10.1 Solar PV market, Japan, overview

10.2 Solar PV market, Japan, installed capacity, 2020–2035

10.3 Solar PV market, Japan, annual capacity addition by segment

10.4 Solar PV market, Japan, electricity generation, 2020–2035

10.5 Solar PV market, Japan, major plants

10.6 Solar PV market, Japan, upcoming plants

10.7 Solar PV market, Japan, upcoming projects status analysis

10.8 Solar PV market, Japan, deal analysis

10.9 Solar PV market, Japan, deals by type, 2025

10.10 Solar PV market, Japan, market size, 2020–2035

10.11 Solar PV market, Japan, imports and exports, 2022–2025

10.12 Solar PV market, Japan, growth factors and challenges

10.12.1 Solar PV market, Japan, major growth factors

10.12.2 Solar PV market, Japan, major restraints and challenges

10.13 Solar PV market, Japan, key laws, regulations and policies

10.14 Solar PV market, Japan, major manufacturers

11 Solar PV Market, Australia

11.1 Solar PV market, Australia, overview

11.2 Solar PV market, Australia, installed capacity, 2020–2035

11.3 Solar PV market, Australia, annual capacity additions by segment

11.4 Solar PV market, Australia, electricity generation, 2020–2035

11.5 Solar PV market, Australia, major plants

11.6 Solar PV market, Australia, upcoming plants

11.7 Solar PV market, Australia, upcoming projects status analysis

11.8 Solar PV market, Australia, deal analysis

11.9 Solar PV market, Australia, deals by type, 2025

11.10 Solar PV market, Australia, market size, 2020–2035

11.11 Solar PV market, Australia, imports and exports, 2022–2025

11.12 Solar PV market, Australia, growth factors and challenges

11.12.1 Solar PV market, Australia, major growth factors

11.12.2 Solar PV market, Australia, major challenges

11.13 Solar PV market, Australia, key laws, regulations and policies

11.14 Solar PV market, Australia, major manufacturers

12 Solar PV Market, the Netherlands

12.1 Solar PV market, the Netherlands, overview

12.2 Solar PV market, the Netherlands, installed capacity, 2020–2035

12.3 Solar PV market, the Netherlands, annual capacity additions by segment

12.4 Solar PV market, the Netherlands, electricity generation, 2020–2035

12.5 Solar PV market, the Netherlands, major plants

12.6 Solar PV market, the Netherlands, upcoming plants

12.7 Solar PV market, the Netherlands, upcoming projects status analysis

12.8 Solar PV market, the Netherlands, deal analysis

12.9 Solar PV market, the Netherlands, deals by type, 2025

12.10 Solar PV market, the Netherlands, market size, 2020–2035

12.11 Solar PV market, the Netherlands, imports and exports, 2022–2025

12.12 Solar PV market, the Netherlands, growth factors and challenges

12.12.1 Solar PV market, the Netherlands, major growth factors

12.12.2 Solar PV market, the Netherlands, major restraints and challenges

12.13 Solar PV market, the Netherlands, key laws, regulations and policies

12.14 Solar PV market, the Netherlands, major manufacturers

13 Solar PV Market, Germany

13.1 Solar PV market, Germany, overview

13.2 Solar PV market, Germany, installed capacity, 2020–2035

13.3 Solar PV market, Germany, annual capacity additions by segment

13.4 Solar PV market, Germany, electricity generation, 2020–2035

13.5 Solar PV market, Germany, major plants

13.6 Solar PV market, Germany, upcoming plants

13.7 Solar PV market, Germany, upcoming projects status analysis

13.8 Solar PV market, Germany, deal analysis

13.9 Solar PV market, Germany, deals by type, 2025

13.10 Solar PV market, Germany, market size, 2020–2035

13.11 Solar PV market, Germany, imports and exports, 2022–2025

13.12 Solar PV market, Germany, growth factors and challenges

13.12.1 Solar PV market, Germany, major growth factors

13.12.2 Solar PV market, Germany, major restraints and challenges

13.13 Solar PV market, Germany, key laws, regulations and policies

13.14 Solar PV market, Germany, major manufacturers

14 Solar PV Market, Spain

14.1 Solar PV market, Spain, overview

14.2 Solar PV market, Spain, installed capacity, 2020–2035

14.3 Solar PV market, Spain, annual capacity additions by segment

14.4 Solar PV market, Spain, electricity generation, 2020–2035

14.5 Solar PV market, Spain, major plants

14.6 Solar PV market, Spain, upcoming plants

14.7 Solar PV market, Spain, upcoming projects status analysis

14.8 Solar PV market, Spain, deal analysis

14.9 Solar PV market, Spain, deals by type, 2025

14.10 Solar PV market, Spain, market size, 2020–2035

14.11 Solar PV market, Spain, imports and exports, 2022–2025

14.12 Solar PV market, Spain, growth factors and challenges

14.12.1 Solar PV market, Spain, major growth factors

14.12.2 Solar PV market, Spain, major restraints and challenges

14.13 Solar PV market, Spain, key laws, regulations and policies

14.14 Solar PV market, Spain, major manufacturers

15 Solar PV Market, Italy

15.1 Solar PV market, Italy, overview

15.2 Solar PV market, Italy, installed capacity, 2020–2035

15.3 Solar PV market, Italy, annual capacity additions by segment

15.4 Solar PV market, Italy, electricity generation, 2020–2035

15.5 Solar PV market, Italy, major plants

15.6 Solar PV market, Italy, upcoming plants

15.7 Solar PV market, Italy, upcoming projects status analysis

15.8 Solar PV market, Italy, deal analysis

15.9 Solar PV market, Italy, deals by type, 2025

15.10 Solar PV market, Italy, market size, 2020–2035

15.11 Solar PV market, Italy, imports and exports, 2022–2025

15.12 Solar PV market, Italy, growth factors and challenges

15.12.1 Solar PV market, Italy, major growth factors

15.12.2 Solar PV market, Italy, major challenges

15.13 Solar PV market, Italy, key laws, regulations and policies

15.14 Solar PV market, Italy, major manufacturers

16 Solar PV Market, France

16.1 Solar PV market, France, overview

16.2 Solar PV market, France, installed capacity, 2020–2035

16.3 Solar PV market, France, annual capacity additions by segment

16.4 Solar PV market, France, electricity generation, 2020–2035

16.5 Solar PV market, France, major plants

16.6 Solar PV market, France, upcoming plants

16.7 Solar PV market, France, upcoming projects status analysis

16.8 Solar PV market, France, deal analysis

16.9 Solar PV market, France, deals by type, 2025

16.10 Solar PV market, France, market size, 2020–2035

16.11 Solar PV market, France, imports and exports, 2022–2025

16.12 Solar PV market, France, growth factors and challenges

16.12.1 Solar PV market, France, major growth factors

16.12.2 Solar PV market, France, major restraints and challenges

16.13 Solar PV market, France, key laws, regulations and policies

16.14 Solar PV market, France, major manufacturers

17 Solar PV Market, Saudi Arabia

17.1 Solar PV market, Saudi Arabia, overview

17.2 Solar PV market, Saudi Arabia, installed capacity, 2020–2035

17.3 Solar PV market, Saudi Arabia, annual capacity additions by segment

17.4 Solar PV market, Saudi Arabia, electricity generation, 2020–2035

17.5 Solar PV market, Saudi Arabia, major plants

17.6 Solar PV market, Saudi Arabia, upcoming plants

17.7 Solar PV market, Saudi Arabia, upcoming projects status analysis

17.8 Solar PV market, Saudi Arabia, deal analysis

17.9 Solar PV market, Saudi Arabia, deals by type, 2025

17.10 Solar PV market, Saudi Arabia, market size, 2020–2035

17.11 Solar PV market, Saudi Arabia, imports and exports, 2022–2025

17.12 Solar PV market, Saudi Arabia, growth factors and challenges

17.12.1 Solar PV market, Saudi Arabia, major growth factors

17.12.2 Solar PV market, Saudi Arabia, major restraints and challenges

17.13 Solar PV market, Saudi Arabia, key laws, regulations and policies

17.14 Solar PV market, Saudi Arabia, major manufacturers

18 Solar PV Market, South Africa

18.1 Solar PV market, South Africa, overview

18.2 Solar PV market, South Africa, installed capacity, 2020–2035

18.3 Solar PV market, South Africa, annual capacity additions by segment

18.4 Solar PV market, South Africa, electricity generation, 2020–2035

18.5 Solar PV market, South Africa, major plants

18.6 Solar PV market, South Africa, upcoming plants

18.7 Solar PV market, South Africa, upcoming projects status analysis

18.8 Solar PV market, South Africa, deal analysis

18.9 Solar PV market, South Africa, deals by type, 2025

18.10 Solar PV market, South Africa, market size, 2020–2035

18.11 Solar PV market, South Africa, imports and exports, 2022–2025

18.12 Solar PV market, South Africa, growth factors and challenges

18.12.1 Solar PV market, South Africa, major growth factors

18.12.2 Solar PV market, South Africa, major restraints and challenges

18.13 Solar PV market, South Africa, key laws, regulations and policies

18.14 Solar PV market, South Africa, major manufacturers

19 Solar PV Market, Egypt

19.1 Solar PV market, Egypt, overview

19.2 Solar PV market, Egypt, installed capacity, 2020–2035

19.3 Solar PV market, Egypt, annual capacity additions by segment

19.4 Solar PV market, Egypt, electricity generation, 2020–2035

19.5 Solar PV market, Egypt, major plants

19.6 Solar PV market, Egypt, upcoming plants

19.7 Solar PV market, Egypt, upcoming projects status analysis

19.8 Solar PV market, Egypt, deal analysis

19.9 Solar PV market, Egypt, deals by type, 2025

19.10 Solar PV market, Egypt, market size, 2020–2035

19.11 Solar PV market, Egypt, imports and exports, 2022–2025

19.12 Solar PV market, Egypt, growth factors and challenges

19.12.1 Solar PV market, Egypt, major growth factors

19.12.2 Solar PV market, Egypt, major restraints and challenges

19.13 Solar PV market, Egypt, key laws, regulations and policies

19.14 Solar PV market, Egypt, major manufacturers

20 Appendix

20.1 Abbreviations

20.2 Market definitions

20.3 Methodology

20.3.1 Coverage

20.3.2 Secondary research

20.3.3 Modeling and forecasting

20.3.4 Installed capacity, generation and share of total generation

20.3.5 Market size and average installed cost

20.3.6 Annual capacity additions by segment

20.3.7 Rooftop, ground-mounted, floating PV, BIPV and agrivoltaics

20.3.8 Module market share and cell technology

20.3.9 Levelized cost of electricity (LCOE)

20.3.10 Targets and target gap

20.3.11 Solar-plus-storage and supply chain exposure

20.3.12 Power plants and upcoming projects

20.3.13 Deals

20.3.14 Company ranking and profiles

20.3.15 Imports and exports

20.3.16 Solar PV jobs and major manufacturers

About GlobalData

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Table

List of Tables

Table 1: Solar PV market, key performance parameters of solar PV

Table 2: Solar PV market, solar cell and module technologies, efficiency and market status

Table 3: Solar PV market, capital cost breakdown of residential rooftop and utility-scale PV systems (%), Europe, 2023

Table 4: Solar PV market, Global, major manufacturer consolidation and restructuring events, 2025–2026

Table 5: Solar PV market, Global, top 10 solar PV asset owners, 2025

Table 6: Solar PV market, Global, major mergers and acquisitions, 2024–2025

Table 7: Solar PV market, Asia-Pacific, key indicators, 2020–2035

Table 8: Solar PV market, Europe, key indicators, 2020–2035

Table 9: Solar PV market, North America, key indicators, 2020–2035

Table 10: Solar PV market, South and Central America, key indicators, 2020–2035

Table 11: Solar PV market, Middle East and Africa, key indicators, 2020–2035

Table 12: Solar PV market, Global, battery storage and solar-plus-storage support by country, 2026

Table 13: Solar PV market, Global, indicative utility-scale LCOE by country, 2025–2035

Table 14: Solar PV market, Global, official targets and GlobalData forecasts by country, 2030

Table 15: Solar PV market, Global, module import dependence and trade measures by country, 2025

Table 16: Solar PV market, the US, major active plants, 2026*

Table 17: Solar PV market, the US, major upcoming plants, 2026*

Table 18: Solar PV market, the US, major mergers and acquisitions, 2024–2025

Table 19: Solar PV market, the US, regulatory authorities

Table 20: Solar PV market, the US, major manufacturers, 2025

Table 21: Solar PV market, Brazil, major active plants, 2026*

Table 22: Solar PV market, Brazil, major upcoming plants, 2026*

Table 23: Solar PV market, Brazil, major mergers and acquisitions, 2024–2025

Table 24: Solar PV market, Brazil, regulatory authorities

Table 25: Solar PV market, Brazil, major manufacturers, 2025

Table 26: Solar PV market, Chile, major active plants, 2026*

Table 27: Solar PV market, Chile, major upcoming plants, 2026*

Table 28: Solar PV market, Chile, major mergers and acquisitions, 2024–2025

Table 29: Solar PV market, Chile, regulatory authorities

Table 30: Solar PV market, Chile, major manufacturers, 2025

Table 31: Solar PV market, China, major active plants, 2026*

Table 32: Solar PV market, China, major upcoming plants, 2026*

Table 33: Solar PV market, China, major mergers and acquisitions, 2024–2025

Table 34: Solar PV market, China, regulatory authorities

Table 35: Solar PV market, China, major manufacturers, 2025

Table 36: Solar PV market, India, major active plants, 2026*

Table 37: Solar PV market, India, major upcoming plants, 2026*

Table 38: Solar PV market, India, major mergers and acquisitions, 2024–2025

Table 39: Solar PV market, India, regulatory authorities

Table 40: Solar PV market, India, major manufacturers, 2025

Table 41: Solar PV market, Pakistan, major active plants, 2026*

Table 42: Solar PV market, Pakistan, major upcoming plants, 2026*

Table 43: Solar PV market, Pakistan, major mergers and acquisitions, 2024–2025

Table 44: Solar PV market, Pakistan, regulatory authorities

Table 45: Solar PV market, Pakistan, major manufacturers, 2025

Table 46: Solar PV market, Japan, major active plants, 2026*

Table 47: Solar PV market, Japan, major upcoming plants, 2026*

Table 48: Solar PV market, Japan, major mergers and acquisitions, 2024–2025

Table 49: Solar PV market, Japan, regulatory authorities

Table 50: Solar PV market, Japan, major manufacturers, 2025

Table 51: Solar PV market, Australia, major active plants, 2026*

Table 52: Solar PV market, Australia, major upcoming plants, 2026*

Table 53: Solar PV market, Australia, major mergers and acquisitions, 2024–2025

Table 54: Solar PV market, Australia, regulatory authorities

Table 55: Solar PV market, Australia, major manufacturers, 2025

Table 56: Solar PV market, the Netherlands, major active plants, 2026*

Table 57: Solar PV market, the Netherlands, major upcoming plants, 2026*

Table 58: Solar PV market, the Netherlands, major mergers and acquisitions, 2024–2025

Table 59: Solar PV market, the Netherlands, regulatory authorities

Table 60: Solar PV market, the Netherlands, major manufacturers, 2025

Table 61: Solar PV market, Germany, major active plants, 2026*

Table 62: Solar PV market, Germany, major upcoming plants, 2026*

Table 63: Solar PV market, Germany, major mergers and acquisitions, 2024–2025

Table 64: Solar PV market, Germany, regulatory authorities

Table 65: Solar PV market, Germany, major manufacturers, 2025

Table 66: Solar PV market, Spain, major active plants, 2026*

Table 67: Solar PV market, Spain, major upcoming plants, 2026*

Table 68: Solar PV market, Spain, major mergers and acquisitions, 2024–2025

Table 69: Solar PV market, Spain, regulatory authorities

Table 70: Solar PV market, Spain, major manufacturers, 2025

Table 71: Solar PV market, Italy, major active plants, 2026*

Table 72: Solar PV market, Italy, major upcoming plants, 2026*

Table 73: Solar PV market, Italy, major mergers and acquisitions, 2024–2025

Table 74: Solar PV market, Italy, regulatory authorities

Table 75: Solar PV market, Italy, major manufacturers, 2025

Table 76: Solar PV market, France, major active plants, 2026*

Table 77: Solar PV market, France, major upcoming plants, 2026*

Table 78: Solar PV market, France, major mergers and acquisitions, 2024–2025

Table 79: Solar PV market, France, regulatory authorities

Table 80: Solar PV market, France, major manufacturers, 2025

Table 81: Solar PV market, Saudi Arabia, major active plants, 2026*

Table 82: Solar PV market, Saudi Arabia, major upcoming plants, 2026*

Table 83: Solar PV market, Saudi Arabia, regulatory authorities

Table 84: Solar PV market, Saudi Arabia, major manufacturers, 2025

Table 85: Solar PV market, South Africa, major active plants, 2026*

Table 86: Solar PV market, South Africa, major upcoming plants, 2026*

Table 87: Solar PV market, South Africa, major mergers and acquisitions, 2024–2025

Table 88: Solar PV market, South Africa, regulatory authorities

Table 89: Solar PV market, South Africa, major manufacturers, 2025

Table 90: Solar PV market, Egypt, major active plants, 2026*

Table 91: Solar PV market, Egypt, major upcoming plants, 2026*

Table 92: Solar PV market, Egypt, major mergers and acquisitions, 2024–2025

Table 93: Solar PV market, Egypt, regulatory authorities

Table 94: Solar PV market, Egypt, major manufacturers, 2025

Table 95: Abbreviations

Table 96: Solar PV market, sources and methods for segment data by country

Table 97: Solar PV market, project status definitions

Table 98: Solar PV market, Harmonized System (HS) code used for trade analysis

Figures

List of Figures

Figure 1: Solar PV market, Global, key indicators, 2025

Figure 2: Solar PV market, Global, key trends at a glance, 2025–2026

Figure 3: Solar PV market, Global, installed capacity (GW), 2020–2035

Figure 4: Solar PV market, Global, key growth markets, annual capacity addition (GW) and Y-o-Y change (%), 2025

Figure 5: Solar PV market, Global, annual capacity addition (GW) and change (%) by region, 2025

Figure 6: Solar PV market, Global, annual capacity addition (GW) by segment, 2020–2025

Figure 7: Solar PV market, how a solar PV system works

Figure 8: Solar PV market, types of solar modules

Figure 9: Solar PV market, types of solar PV mounting systems

Figure 10: Solar PV market, solar installations by grid connectivity

Figure 11: Solar PV market, value chain

Figure 12: Solar PV market, crystalline silicon manufacturing supply chain, 2025

Figure 13: Solar PV market, Global, snapshot, 2025

Figure 14: Solar PV market, Global, installed capacity (GW), 2020–2035

Figure 15: Solar PV market, Global, installed capacity (GW) by region, 2025

Figure 16: Solar PV market, Global, annual capacity addition (GW) and Y-o-Y change (%), top 10 countries by annual capacity addition, 2025

Figure 17: Solar PV market, Global, annual capacity addition (GW) by segment, 2020–2025

Figure 18: Solar PV market, Global, annual capacity addition (GW) by mounting type, 2020–2025

Figure 19: Solar PV market, Global, generation (TWh) and share of total generation (%), 2020–2035

Figure 20: Solar PV market, Global, generation (TWh) by region, 2024–2025

Figure 21: Solar PV market, Global, generation (TWh) and Y-o-Y growth (%), top 10 countries by generation, 2025

Figure 22: Solar PV market, Global, market size ($B) and average installed cost ($/kW), 2020–2035

Figure 23: Solar PV market, Global, crystalline modules market share (%), 2025

Figure 24: Solar PV market, Global, cell technology share (%), 2022 and 2025

Figure 25: Solar PV market, Global, thin-film modules market share (%), 2025

Figure 26: Solar PV market, Global, deal value ($B) and deal count, 2020–2025

Figure 27: Solar PV market, Global, deals by type (%), 2025

Figure 28: Solar PV market, Global, share of cumulative installed capacity (%) by region, 2020–2035

Figure 29: Solar PV market, Asia-Pacific, installed capacity (GW), 2020–2035

Figure 30: Solar PV market, Asia-Pacific, annual capacity addition (GW), top countries by annual capacity addition, 2025

Figure 31: Solar PV market, Europe, installed capacity (GW), 2020–2035

Figure 32: Solar PV market, Europe, annual capacity addition (GW), top countries by annual capacity addition, 2025

Figure 33: Solar PV market, North America, installed capacity (GW), 2020–2035

Figure 34: Solar PV market, North America, annual capacity addition (GW), top countries by annual capacity addition, 2025

Figure 35: Solar PV market, South and Central America, installed capacity (GW), 2020–2035

Figure 36: Solar PV market, South and Central America, annual capacity addition (GW), top countries by annual capacity addition, 2025

Figure 37: Solar PV market, Middle East and Africa, installed capacity (GW), 2020–2035

Figure 38: Solar PV market, Middle East and Africa, annual capacity addition (GW), top countries by annual capacity addition, 2025

Figure 39: Solar PV market, Global, indicative utility-scale LCOE and latest auction prices ($/MWh), 2025–2026

Figure 40: Solar PV market, Global, indicative utility-scale LCOE outlook ($/MWh), 2025, 2030 and 2035

Figure 41: Solar PV market, Global, official solar targets and GlobalData forecasts (GW), 2030

Figure 42: Solar PV market, Global, share of module imports from China by country (%), 2025

Figure 43: Solar PV market, the US, snapshot, 2025

Figure 44: Solar PV market, the US, installed capacity (GW), 2020–2035

Figure 45: Solar PV market, the US, cumulative installed capacity (GW), top 10 states by cumulative capacity, 2025

Figure 46: Solar PV market, the US, annual capacity addition (GW) and Y-o-Y change (%), top 10 states by annual capacity addition, 2025

Figure 47: Solar PV market, the US, annual capacity addition (GW) by segment, 2020–2025

Figure 48: Solar PV market, the US, electricity generation (TWh) and share of total generation (%), 2020–2035

Figure 49: Solar PV market, the US, electricity generation (TWh), top 10 states by generation, 2025

Figure 50: Solar PV market, the US, upcoming project status (GW and number of projects), 2026*

Figure 51: Solar PV market, the US, deal value ($B) and deal count, 2020–2025

Figure 52: Solar PV market, the US, deals by type (%), 2025

Figure 53: Solar PV market, the US, market size ($B) and average installed cost ($/kW), 2020–2035

Figure 54: Solar PV market, the US, imports and exports of solar PV modules ($B), 2022–2025

Figure 55: Solar PV market, the US, module imports by country of origin (%), 2025

Figure 56: Solar PV market, Brazil, snapshot, 2025

Figure 57: Solar PV market, Brazil, installed capacity (GW), 2020–2035

Figure 58: Solar PV market, Brazil, annual capacity addition (GW) by segment, 2020–2025

Figure 59: Solar PV market, Brazil, electricity generation (TWh) and share of total generation (%), 2020–2035

Figure 60: Solar PV market, Brazil, upcoming project status (GW and number of projects), 2026*

Figure 61: Solar PV market, Brazil, deal value ($B) and deal count, 2020–2025

Figure 62: Solar PV market, Brazil, deals by type (%), 2025

Figure 63: Solar PV market, Brazil, market size ($B) and average installed cost ($/kW), 2020–2035

Figure 64: Solar PV market, Brazil, imports and exports of solar PV modules ($B), 2022–2025

Figure 65: Solar PV market, Brazil, module imports by country of origin (%), 2025

Figure 66: Solar PV market, Chile, snapshot, 2025

Figure 67: Solar PV market, Chile, installed capacity (GW), 2020–2035

Figure 68: Solar PV market, Chile, annual capacity addition (GW) by segment, 2020–2025

Figure 69: Solar PV market, Chile, electricity generation (TWh) and share of total generation (%), 2020–2035

Figure 70: Solar PV market, Chile, upcoming project status (GW and number of projects), 2026*

Figure 71: Solar PV market, Chile, deal value ($B) and deal count, 2020–2025

Figure 72: Solar PV market, Chile, deals by type (%), 2025

Figure 73: Solar PV market, Chile, market size ($B) and average installed cost ($/kW), 2020–2035

Figure 74: Solar PV market, Chile, imports and exports of solar PV modules ($B), 2022–2025

Figure 75: Solar PV market, Chile, module imports by country of origin (%), 2025

Figure 76: Solar PV market, China, snapshot, 2025

Figure 77: Solar PV market, China, installed capacity (GW), 2020–2035

Figure 78: Solar PV market, China, annual capacity addition (GW) by segment, 2020–2025

Figure 79: Solar PV market, China, electricity generation (TWh) and share of total generation (%), 2020–2035

Figure 80: Solar PV market, China, upcoming project status (GW and number of projects), 2026*

Figure 81: Solar PV market, China, deal value ($B) and deal count, 2020–2025

Figure 82: Solar PV market, China, deals by type (%), 2025

Figure 83: Solar PV market, China, market size ($B) and average installed cost ($/kW), 2020–2035

Figure 84: Solar PV market, China, imports and exports of solar PV modules ($B), 2022–2025

Figure 85: Solar PV market, India, snapshot, 2025

Figure 86: Solar PV market, India, installed capacity (GW), 2020–2035

Figure 87: Solar PV market, India, annual capacity addition (GW) by segment, 2020–2025

Figure 88: Solar PV market, India, electricity generation (TWh) and share of total generation (%), 2020–2035

Figure 89: Solar PV market, India, upcoming project status (GW and number of projects), 2026*

Figure 90: Solar PV market, India, deal value ($B) and deal count, 2020–2025

Figure 91: Solar PV market, India, deals by type (%), 2025

Figure 92: Solar PV market, India, market size ($B) and average installed cost ($/kW), 2020–2035

Figure 93: Solar PV market, India, imports and exports of solar PV modules ($B), 2022–2025

Figure 94: Solar PV market, India, module imports by country of origin (%), 2025

Figure 95: Solar PV market, Pakistan, snapshot, 2025

Figure 96: Solar PV market, Pakistan, installed capacity (GW), 2020–2035

Figure 97: Solar PV market, Pakistan, annual capacity addition (GW) by segment, 2020–2025

Figure 98: Solar PV market, Pakistan, electricity generation (TWh) and share of total generation (%), 2020–2035

Figure 99: Solar PV market, Pakistan, upcoming project status (GW and number of projects), 2026*

Figure 100: Solar PV market, Pakistan, deal value ($B) and deal count, 2020–2025

Figure 101: Solar PV market, Pakistan, market size ($B) and average installed cost ($/kW), 2020–2035

Figure 102: Solar PV market, Pakistan, imports and exports of solar PV modules ($B), 2022–2025

Figure 103: Solar PV market, Pakistan, module imports by country of origin (%), 2025

Figure 104: Solar PV market, Japan, snapshot, 2025

Figure 105: Solar PV market, Japan, installed capacity (GW), 2020–2035

Figure 106: Solar PV market, Japan, annual capacity addition (GW) by segment, 2020–2025

Figure 107: Solar PV market, Japan, electricity generation (TWh) and share of total generation (%), 2020–2035

Figure 108: Solar PV market, Japan, upcoming project status (GW and number of projects), 2026*

Figure 109: Solar PV market, Japan, deal value ($B) and deal count, 2020–2025

Figure 110: Solar PV market, Japan, deals by type (%), 2025

Figure 111: Solar PV market, Japan, market size ($B) and average installed cost ($/kW), 2020–2035

Figure 112: Solar PV market, Japan, imports and exports of solar PV modules ($B), 2022–2025

Figure 113: Solar PV market, Japan, module imports by country of origin (%), 2025

Figure 114: Solar PV market, Australia, snapshot, 2025

Figure 115: Solar PV market, Australia, installed capacity (GW), 2020–2035

Figure 116: Solar PV market, Australia, annual capacity addition (GW) by segment, 2020–2025

Figure 117: Solar PV market, Australia, electricity generation (TWh) and share of total generation (%), 2020–2035

Figure 118: Solar PV market, Australia, upcoming project status (GW and number of projects), 2026*

Figure 119: Solar PV market, Australia, deal value ($B) and deal count, 2020–2025

Figure 120: Solar PV market, Australia, deals by type (%), 2025

Figure 121: Solar PV market, Australia, market size ($B) and average installed cost ($/kW), 2020–2035

Figure 122: Solar PV market, Australia, imports and exports of solar PV modules ($B), 2022–2025

Figure 123: Solar PV market, Australia, module imports by country of origin (%), 2025

Figure 124: Solar PV market, the Netherlands, snapshot, 2025

Figure 125: Solar PV market, the Netherlands, installed capacity (GW), 2020–2035

Figure 126: Solar PV market, the Netherlands, annual capacity addition (GW) by segment, 2020–2025

Figure 127: Solar PV market, the Netherlands, electricity generation (TWh) and share of total generation (%), 2020–2035

Figure 128: Solar PV market, the Netherlands, upcoming project status (GW and number of projects), 2026*

Figure 129: Solar PV market, the Netherlands, deal value ($B) and deal count, 2020–2025

Figure 130: Solar PV market, the Netherlands, deals by type (%), 2025

Figure 131: Solar PV market, the Netherlands, market size ($B) and average installed cost ($/kW), 2020–2035

Figure 132: Solar PV market, the Netherlands, imports and exports of solar PV modules ($B), 2022–2025

Figure 133: Solar PV market, the Netherlands, module imports by country of origin (%), 2025

Figure 134: Solar PV market, Germany, snapshot, 2025

Figure 135: Solar PV market, Germany, installed capacity (GW), 2020–2035

Figure 136: Solar PV market, Germany, annual capacity addition (GW) by segment, 2020–2025

Figure 137: Solar PV market, Germany, electricity generation (TWh) and share of total generation (%), 2020–2035

Figure 138: Solar PV market, Germany, upcoming project status (GW and number of projects), 2026*

Figure 139: Solar PV market, Germany, deal value ($B) and deal count, 2020–2025

Figure 140: Solar PV market, Germany, deals by type (%), 2025

Figure 141: Solar PV market, Germany, market size ($B) and average installed cost ($/kW), 2020–2035

Figure 142: Solar PV market, Germany, imports and exports of solar PV modules ($B), 2022–2025

Figure 143: Solar PV market, Germany, module imports by country of origin (%), 2025

Figure 144: Solar PV market, Spain, snapshot, 2025

Figure 145: Solar PV market, Spain, installed capacity (GW), 2020–2035

Figure 146: Solar PV market, Spain, annual capacity addition (GW) by segment, 2020–2025

Figure 147: Solar PV market, Spain, electricity generation (TWh) and share of total generation (%), 2020–2035

Figure 148: Solar PV market, Spain, upcoming project status (GW and number of projects), 2026*

Figure 149: Solar PV market, Spain, deal value ($B) and deal count, 2020–2025

Figure 150: Solar PV market, Spain, deals by type (%), 2025

Figure 151: Solar PV market, Spain, market size ($B) and average installed cost ($/kW), 2020–2035

Figure 152: Solar PV market, Spain, imports and exports of solar PV modules ($B), 2022–2025

Figure 153: Solar PV market, Spain, module imports by country of origin (%), 2025

Figure 154: Solar PV market, Italy, snapshot, 2025

Figure 155: Solar PV market, Italy, installed capacity (GW), 2020–2035

Figure 156: Solar PV market, Italy, annual capacity addition (GW) by segment, 2020–2025

Figure 157: Solar PV market, Italy, electricity generation (TWh) and share of total generation (%), 2020–2035

Figure 158: Solar PV market, Italy, upcoming project status (GW and number of projects), 2026*

Figure 159: Solar PV market, Italy, deal value ($B) and deal count, 2020–2025

Figure 160: Solar PV market, Italy, deals by type (%), 2025

Figure 161: Solar PV market, Italy, market size ($B) and average installed cost ($/kW), 2020–2035

Figure 162: Solar PV market, Italy, imports and exports of solar PV modules ($B), 2022–2025

Figure 163: Solar PV market, Italy, module imports by country of origin (%), 2025

Figure 164: Solar PV market, France, snapshot, 2025

Figure 165: Solar PV market, France, installed capacity (GW), 2020–2035

Figure 166: Solar PV market, France, annual capacity addition (GW) by segment, 2020–2025

Figure 167: Solar PV market, France, electricity generation (TWh) and share of total generation (%), 2020–2035

Figure 168: Solar PV market, France, upcoming project status (GW and number of projects), 2026*

Figure 169: Solar PV market, France, deal value ($B) and deal count, 2020–2025

Figure 170: Solar PV market, France, deals by type (%), 2025

Figure 171: Solar PV market, France, market size ($B) and average installed cost ($/kW), 2020–2035

Figure 172: Solar PV market, France, imports and exports of solar PV modules ($B), 2022–2025

Figure 173: Solar PV market, France, module imports by country of origin (%), 2025

Figure 174: Solar PV market, Saudi Arabia, snapshot, 2025

Figure 175: Solar PV market, Saudi Arabia, installed capacity (GW), 2020–2035

Figure 176: Solar PV market, Saudi Arabia, annual capacity addition (GW) by segment, 2020–2025

Figure 177: Solar PV market, Saudi Arabia, electricity generation (TWh) and share of total generation (%), 2020–2035

Figure 178: Solar PV market, Saudi Arabia, upcoming project status (GW and number of projects), 2026*

Figure 179: Solar PV market, Saudi Arabia, deal value ($B) and deal count, 2020–2025

Figure 180: Solar PV market, Saudi Arabia, deals by type (%), 2025

Figure 181: Solar PV market, Saudi Arabia, market size ($B) and average installed cost ($/kW), 2020–2035

Figure 182: Solar PV market, Saudi Arabia, imports and exports of solar PV modules ($B), 2022–2025

Figure 183: Solar PV market, Saudi Arabia, module imports by country of origin (%), 2025

Figure 184: Solar PV market, South Africa, snapshot, 2025

Figure 185: Solar PV market, South Africa, installed capacity (GW), 2020–2035

Figure 186: Solar PV market, South Africa, annual capacity addition (GW) by segment, 2020–2025

Figure 187: Solar PV market, South Africa, electricity generation (TWh) and share of total generation (%), 2020–2035

Figure 188: Solar PV market, South Africa, upcoming project status (GW and number of projects), 2026*

Figure 189: Solar PV market, South Africa, deal value ($B) and deal count, 2020–2025

Figure 190: Solar PV market, South Africa, deals by type (%), 2025

Figure 191: Solar PV market, South Africa, market size ($B) and average installed cost ($/kW), 2020–2035

Figure 192: Solar PV market, South Africa, imports and exports of solar PV modules ($B), 2022–2025

Figure 193: Solar PV market, South Africa, module imports by country of origin (%), 2025

Figure 194: Solar PV market, Egypt, snapshot, 2025

Figure 195: Solar PV market, Egypt, installed capacity (GW), 2020–2035

Figure 196: Solar PV market, Egypt, annual capacity addition (GW) by segment, 2020–2025

Figure 197: Solar PV market, Egypt, electricity generation (TWh) and share of total generation (%), 2020–2035

Figure 198: Solar PV market, Egypt, upcoming project status (GW and number of projects), 2026*

Figure 199: Solar PV market, Egypt, deal value ($B) and deal count, 2020–2025

Figure 200: Solar PV market, Egypt, deals by type (%), 2025

Figure 201: Solar PV market, Egypt, market size ($B) and average installed cost ($/kW), 2020–2035

Figure 202: Solar PV market, Egypt, imports and exports of solar PV modules ($B), 2022–2025

Figure 203: Solar PV market, Egypt, module imports by country of origin (%), 2025

Figure 204: Solar PV market, research methodology

Figure 205: Solar PV market, market size calculation

Figure 206: Solar PV market, segmentation methodology

Figure 207: Solar PV market, LCOE calculation methodology

Figure 208: Solar PV market, deal analysis methodology

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