Press release
Solar Panel Market Report 2025 | Key Insights, Investments & Market Opportunities
Solar Panel Market
Global Solar Panel Market reached US$ 165.2 million in 2022 and is expected to reach US$ 642.3 million by 2031 growing with a CAGR of 18.5% during the forecast period 2024-2031.
DataM Intelligence has released its latest research, "Solar Panel Market Size 2025," providing a detailed overview of the industry. The report offers a deep dive into key market drivers, regional growth, and the competitive landscape, equipping businesses with the insights needed to navigate this dynamic sector.
Key Developments:
United States: Recent Solar Panel Launches & Developments
✅ In June 2025, the U.S. is projected to install 33 GW of new solar capacity, accounting for half of all new electricity generation added this year-a record shattering pace driven by growing demand from sectors like Big Tech.
✅ In August 2025, T1 Energy and Corning inked a deal to build a fully U.S.-based solar supply chain, with wafer production in Michigan, cell production in Texas, and panel assembly near Dallas creating ~6,000 new jobs.
✅ On August 2025, the EPA terminated the $7 billion "Solar for All" grant program, jeopardizing solar support for 900,000 low-income households and scaling back residential renewable energy incentives.
Japan: Recent Solar Panel Launches & Developments
✅ From April 2025, Tokyo now mandates solar panel installation on new detached homes built by large-scale builders, pushing toward its net-zero goals and elevating residential PV deployment.
✅ In mid-2025, Japan pledged $1.5 billion to ultra-thin, flexible perovskite solar cells, championed by Sekisui Chemical targeting energy output equal to 20 nuclear reactors (≈20 GW) by 2040 to counter China's dominance.
✅ On August 2025, Japan reinforced its vision to lead the perovskite solar sector, aiming to deploy 20 GW and build a domestic supply chain by 2040.
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Key players:
The section also contains information related to the new product launches, mergers, acquisitions, collaborations, etc., to give a clear understanding about the competitive landscape prevailing in the global market. With an emphasis on strategies there have been several primary developments done by major companies such as:
-> Jinko Solar, Trina Solar, Canadian Solar, JA Solar, Hanwha Q cells, GCL System Integration, Longi Solar, Shunfeng International Clean Energy Limited, KyoCera Solar and Yingli Solar.
Market Segments:
By Product: Crystalline solar panels, Thin-Film Solar Panels, Smart Solar Panels.
By Mountings: Roof Top, Ground, Solar Tracker, Fixed Rack Systems.
By Application: Commercial, Residential, Utility.
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Research Process
Both primary and secondary data sources have been used in the global Solar Panel Market research report. During the research process, a wide range of industry-affecting factors are examined, including governmental regulations, market conditions, competitive levels, historical data, market situation, technological advancements, upcoming developments, in related businesses, as well as market volatility, prospects, potential barriers, and challenges.
Regional Analysis for Solar Panel Market:
⇥ North America (U.S., Canada, Mexico)
⇥ Europe (U.K., Italy, Germany, Russia, France, Spain, The Netherlands and Rest of Europe)
⇥ Asia-Pacific (India, Japan, China, South Korea, Australia, Indonesia Rest of Asia Pacific)
⇥ South America (Colombia, Brazil, Argentina, Rest of South America)
⇥ Middle East & Africa (Saudi Arabia, U.A.E., South Africa, Rest of Middle East & Africa)
**The full version of the report includes an in-depth analysis of emerging players and startups, which will provide valuable insights into the evolving market landscape and key strategies being adopted**
This Report Covers:
✔ Go-to-market Strategy.
✔ Neutral perspective on the market performance.
✔Development trends, competitive landscape analysis, supply side analysis, demand side analysis, year-on-year growth, competitive benchmarking, vendor identification, and other significant analysis, as well as development status.
✔Customized regional/country reports as per request and country level analysis.
✔ Potential & niche segments and regions exhibiting promising growth covered.
✔ Analysis of Market Size (historical and forecast), Total Addressable Market (TAM), Serviceable Available Market (SAM), Serviceable Obtainable Market (SOM), Market Growth, Technological Trends, Market Share, Market Dynamics, Competitive Landscape and Major Players (Innovators, Start-ups, Laggard, and Pioneer).
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Chapter Outline
⏩ Market Overview: The report analyzes key drivers, challenges, and opportunities shaping the industry, providing a clear picture of the forces at play.
⏩ Market Landscape: A thorough evaluation of leading industry players, including their financial performance, key product offerings, and strategic initiatives
⏩ Companies Profiles: The global Solar Panel market's leading players are studied based on sales, main products, gross profit margin, revenue, price, and growth production.
⏩ Market Outlook by Region: A detailed breakdown of market trends, size, and growth projections across major regions, including North America, Europe, Asia Pacific, the Middle East & Africa, and South America.
⏩ Market Segments: An interpretation of how various segments by end-user, application, and type contribute to the market's overall value and growth..
⏩ Market Forecast: Production Side: Expert analysis on the production and value forecasts for the market, offering a glimpse into its trajectory.
⏩ Research Findings: This section of the report showcases the findings and analysis of the report.
⏩ Conclusion: This portion of the report is the last section of the report where the conclusion of the research study is provided.
Frequently asked questions:
What is the current valuation of the Solar Panel Market?
A: In 2022, the global Solar Panel Market was valued at a US$ 165.2, reflecting its substantial role in the sector.
Q: What is the projected size of the Solar Panel Market by 2031?
A: Experts forecast a significant expansion, with the Solar Panel Market anticipated to reach a valuation of nearly US$ 642.3 by 2031, driven by ongoing demand and projects.
Q: What is the expected growth rate for the Solar Panel Market?
A: The market is poised for steady growth, with a projected Compound Annual Growth Rate (CAGR) of around 18.5% during the forecast period. This growth is fueled by increasing global needs and investments
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DataM Intelligence is a Market Research and Consulting firm that provides end-to-end business solutions to organizations from Research to Consulting. We, at DataM Intelligence, leverage our top trademark trends, insights and developments to emancipate swift and astute solutions to clients like you. We encompass a multitude of syndicate reports and customized reports with a robust methodology.
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