Press release
2025 Solar Electricity Industry Trends Report: Long-Term Outlook Through 2034
Solar Electricity Market
How Large Will the Solar Electricity Market Size By 2025?
The scale of the solar power market has seen significant expansion over the past few years. The market, worth $100.74 billion in 2024, is forecasted to reach a worth of $117.74 billion in 2025 with a compound annual growth rate (CAGR) of 16.9%. This historic expansion can be traced back to prosperous economic growth in developing markets, the expensive nature of diesel power, proactive corporate initiatives for solar power advocacy, and an increase in research and development investments.
How Big Is the Solar Electricity Market Size Expected to Grow by 2029?
In the coming years, the solar electricity market is projected to experience significant expansion, with an expected value of $205.95 billion by 2029 and a compound annual growth rate (CAGR) of 15.0%. Motivations for this forecasted expansion can be linked to various dynamics such as the drive for renewable energy and corporate social responsibility, increased urbanization, and technological advancements. Emerging trends that will influence the market during this period encompass the adoption of digital technologies and artificial intelligence, coupling solar energy with storage for cost-efficient synergies and operational improvements, and possible reductions in storage capital expenses in conjunction with the solar investment tax credit. With the successful deployment of these budding technologies, a roadmap for the solar energy industry's growth can be developed, further bolstering the solar electricity market's prosperity.
View the full report here:
https://www.thebusinessresearchcompany.com/report/solar-electricity-global-market-report
Which Key Market Drivers Powering Solar Electricity Market Expansion and Growth?
The solar electricity market has seen significant growth, largely due to elevated funding from government entities. Public expenditures towards the research and enhancement of superior solar panels has undoubtedly benefited the market. To illustrate, the International Renewable Energy Agency, an Intergovernmental Organization based in the UAE, reported in February 2023 that global investments in energy revolution technologies, encompassing energy efficiency, hit a record-breaking height of USD 1.3 trillion in 2022. This marked a notable 19% rise from the 2021 figures. Consequently, escalating investment in the research and development of electricity powered by solar energy by government bodies has propelled the solar electricity market's growth.
Get your free sample here:
https://www.thebusinessresearchcompany.com/sample.aspx?id=3856&type=smp
Which Fast-Growing Trends Are Poised to Disrupt the Solar Electricity Market?
The escalating demands of the solar power market are being addressed through the rising use of artificial intelligence. This machinery, which replicates human intelligence processes, is primarily seen in computer systems. It's frequently seen in applications like expert systems, natural language processing (NLP), speech recognition, and machine vision. The cutting-edge solution in solar energy technology is the application of machine learning via microgrid controllers and artificial intelligence (AI), which adapts to the expanding business requirements. These technologies are steadily advancing to cater to the emerging needs of the solar sector and businesses leveraging them for energy efficiency. Furthermore, the advent of new software is instrumental in shaping the future of firms incorporating artificial intelligence and machine learning into solar energy technology. For instance, in 2022, an announcement was made regarding a cooperative project with Mekorot, Israel's national water company, and the Israel Innovation Authority, about the testing of a floating, AI-powered solar panel that generates electricity by sun-tracking. This solar photovoltaic (PV) system was the creation of Israeli start-up Xfloat.
What Are the Emerging Segments in the Solar Electricity Market?
The solar electricitymarket covered in this report is segmented -
1) By Technology: Photovoltaic Systems, Concentrated Solar Power Systems
2) By Solar Module: Monocrystalline, Polycrystalline, Cadmium Telluride, Amorphous Silicon Cells, Others.
3) By End User: Residential, Commercial
Subsegments:
1) By Photovoltaic Systems: Crystalline Silicon Photovoltaic (C-Si) Systems, Thin-Film Photovoltaic Systems, Bifacial Solar Panels, Building-Integrated Photovoltaics (Bipv)
2) By Concentrated Solar Power Systems: Parabolic Trough Systems, Solar Power Towers, Fresnel Reflectors, Dish/Engine Systems
Tailor your insights and customize the full report here:
https://www.thebusinessresearchcompany.com/customise?id=3856&type=smp
Who Are the Global Leaders in the Solar Electricity Market?
Major companies operating in the solar electricity market include SPIC Solar, Enel SpA, Canadian Solar Inc, Engie, Adani Green Energy Limited, Datang International Power Generation Company Limited, Acciona Energia S.A, Electricite De France SA, Huaneng Power International, Inc., Trina Solar Limited, Waaree Group, Tata Power Solar Systems Ltd., Urja Global Limited, Wuxi Suntech Power Co. Ltd., Azure Power, Vivaan Solar, Ja Solar Holdings Co., Ltd, Aiko Solar, Zhongli, Suntech, Statkraft As, National Grid Plc, Agder Energi Sa, Ibc Solar Ag, Centrotherm International Ag, Schott Solar Ag, Ecotricity Group Ltd, Lightsource Bp Renewable Energy Investments Limited, Hive Energy, Solaria Energia Y Medio Ambiente Sa, Iberdrola Sa, Cobra Instalaciones Y Servicios Sa, Red Electrica Corporacion Sa, Edf En, Saint Gobain, Wagner Solar, Ekotechnik Czech Sro, Svp Solar Sro, Solar Global As, Solartec Holding As, Photon Energy Nv, Modus Energy, Polski Solar Holding, Renesola Ltd, Sunshine Solar Energy Srl, Amerisolar, Altius-Solar, Nivus Gmbh, Danagroup.Hu, Nextera Energy Inc, Vestas Wind Systems A/S, General Electric Co, M. A. Mortenson Company, First Solar, Inc, Sunpower Corporation, Renewable Energy Systems Ltd, Rosendin Electric Inc, Hanwha Corporation, Inkosolar Holding Co. Ltd, Swinerton Renewable Energy, 8minute Solar Energy, Atlas Renewable Energy, Sonnedix Power Holdings Ltd, Enerwhere Sustainable Energy Dmcc, Acwa Power Barka Saog, Alsa Solar Systems Llc, Benban Solar Project, Kathu Solar Park, Ilanga Concentrated Solar Power 1, Jasper Solar Power Project, Kalkbult Solar Plant, Kaxu Solar One, Lesedi Solar Pv Project
Which are the Top Profitable Regional Markets for the Solar Electricity Industry?
Asia-Pacific was the largest region in the solar electricity market in 2024. Western Europe was the second largest region in the global solar electricity market analysis. The regions covered in the solar electricity market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa
Purchase the full report today:
https://www.thebusinessresearchcompany.com/purchaseoptions.aspx?id=3856
This Report Supports:
1.Business Leaders & Investors - To identify growth opportunities, assess risks, and guide strategic decisions.
2.Manufacturers & Suppliers - To understand market trends, customer demand, and competitive positioning.
3.Policy Makers & Regulators - To track industry developments and align regulatory frameworks.
4.Consultants & Analysts - To support market entry, expansion strategies, and client advisory work.
Connect with us on:
LinkedIn: https://in.linkedin.com/company/the-business-research-company,
Twitter: https://twitter.com/tbrc_info,
YouTube: https://www.youtube.com/channel/UC24_fI0rV8cR5DxlCpgmyFQ.
Contact Us
Saumya Sahey
Europe: +44 7882 955267,
Asia: +44 7882 955267 & +91 8897263534,
Americas: +1 310-496-7795
Email: saumyas@tbrc.info
Learn More About The Business Research Company
With over 15,000+ reports from 27 industries covering 60+ geographies, The Business Research Company has built a reputation for offering comprehensive, data-rich research and insights. Our flagship product, the Global Market Model delivers comprehensive and updated forecasts to support informed decision-making.
This release was published on openPR.
Permanent link to this press release:
Copy
Please set a link in the press area of your homepage to this press release on openPR. openPR disclaims liability for any content contained in this release.
You can edit or delete your press release 2025 Solar Electricity Industry Trends Report: Long-Term Outlook Through 2034 here
News-ID: 4187683 • Views: …
More Releases from The Business Research Company
2025-2034 Water Supply & Irrigation Systems Market Outlook: Key Drivers, Emergin …
Use code ONLINE30 to get 30% off on global market reports and stay ahead of tariff changes, macro trends, and global economic shifts.
What Will the Water Supply & Irrigation Systems Industry Market Size Be by 2025?
The market size for water supply and irrigation systems has seen robust growth in the past few years. The projection for its growth indicates an increase from $364.43 billion in 2024 to $387.55 billion in…
The Growing Demand for eDiscovery in an Era of Expanding Electronically Stored I …
Use code ONLINE30 to get 30% off on global market reports and stay ahead of tariff changes, macro trends, and global economic shifts.
How Large Will the eDiscovery Market Size By 2025?
The growth of the ediscovery market has been robust in the past few years. The market is slated to witness an upswing from $14.27 billion in 2024 to $15.16 billion in 2025, demonstrating a compound annual growth rate (CAGR) of…
Navigating the Future: Biological Wastewater Treatment Market Trends and Forecas …
Use code ONLINE30 to get 30% off on global market reports and stay ahead of tariff changes, macro trends, and global economic shifts.
Biological Wastewater Treatment Market Size Growth Forecast: What to Expect by 2025?
The market for biological wastewater treatment has seen a robust growth in the past few years. Its size is projected to increase from $11.32 billion in 2024 to $11.92 billion in 2025, boasting a compound annual growth…
Gypsum-Based Plasterboard Market on Track for Strong Growth, Estimated to Grow a …
Use code ONLINE30 to get 30% off on global market reports and stay ahead of tariff changes, macro trends, and global economic shifts.
What Is the Expected CAGR for the Gypsum-Based Plasterboard Market Through 2025?
The market size of gypsum-based plasterboard has experienced a significant expansion in the recent past. Estimated to grow from a size of $22.5 billion in 2024 to a larger $24.28 billion in 2025, this represents a compound…
More Releases for Solar
Biohybrid Solar Cell Market Professional Survey Report 2022 - Jinko Solar, JA SO …
The Biohybrid Solar Cell Market Report 2022 provides a comprehensive analysis of observable trends and projections. This research shows how to attract a large number of customers. Our certified crew of economists, researchers, and advisers has made further attempts in projecting the global industry by utilising accredited global Biohybrid Solar Cell market information tools as well as various instruments and ways to successfully review and get information. The research argues…
Home Solar Power System Market Size, Share, Trends, Growth - Tesla, Panasonic So …
The Global Home Solar Power System Market study includes new innovations, market dynamics, strategic profiling in terms of the future market strategies and shares for the subsectors of the industry. This research consists of details related to the size of the industries, the major players, markets, sales volume and value. This study offers a detail data on the historical data pointers as well as forecasts by region/country for the sectors…
Solar PV Module Market Outlook To 2024 - Trina Solar, Canadian Solar Inc., JA So …
Solar PV module market from utility sector has witnessed a substantial growth globally in recent years. In the first quarter of the year, Vietnam's Ministry of Industry and Trade have talked about their FiT scheme related to utility-based solar power projects. Ongoing electrification programs and incentives benefit pertaining to grid connected power generation is surging the demand for on-grid solar PV modules. On-grid connection represented 55% of the overall solar…
Solar Simulator Market Distribution Channel 2019: Spire Solar, Solar Energy Inte …
Solar Simulator Market report aims to examine the developments of market including its market improvements, developments, positions and others.
This report on the Solar Simulator market offers explanatory knowledge on the market parts like dominating players, drivers and restraints, production, revenue, consumption, import and export, and the most effective development within the organization size, deployment type, inside, segmentation comprised throughout this analysis, also major the players have used various strategies such…
Solar PV Module Market By Key Vendors: Trina Solar, Canadian Solar Inc., JA Sola …
UK solar PV module market is set to expand owing to government initiatives towards sustainable energy integration. The export tariff introduced by the UK government facilitates USD 0.06 per unit for the surplus electricity injected back to the grid by the generator. Favorable government reforms with ambitious plan towards carbon footprint reduction will further boost the business outlook.
Request for a sample of this research report @
https://www.gminsights.com/request-sample/detail/1563
Solar PV Module Market size…
Global Solar Thermal Market 2016 Abengoa Solar, SUPCON Solar, Solar Euromed
Global Solar Thermal Market Research Report
The MRS Research Group Solar Thermal report by QY Research represents an inclusive evaluation of the Solar Thermal Market and comprises considerable insights, historical data, facts,and statistical and industry-validated data of the global market.Additionally,it consists of estimated data that is evaluated with the help of suitable set of methodologies and assumptions.The MRS Research Group report research highlights informative data and in-depth analysis of Solar Thermal…
