Solar PV Panels Market Set to Soar with Rising Investments and Global Clean Energy Transition 2025-2032 | Leading key players - ABB, Adani Group, Hanwha Q CELL.

Market Size and Growth:

The Solar PV Panels Market size was US$180.29 billion in 2024 and is expected to reach US$330.50 billion by 2032, growing with a CAGR of 7.87% during the forecast period 2025-2032.

The Solar PV Panels Market report by DataM Intelligence provides insights into the latest trends and developments in the market. This report identifies the key growth opportunities in the market and provides recommendations for market participants to capitalize on these opportunities. Overall, the Solar PV Panels market report is an essential resource for market participants who are looking to gain a comprehensive understanding of the market and identify opportunities for growth.

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The Solar PV Panels Market refers to the global industry focused on the production, distribution, and installation of photovoltaic panels that convert sunlight into electricity. It encompasses residential, commercial, and utility-scale applications, driven by rising demand for clean energy, technological advancements, government incentives, and increasing investments in renewable power infrastructure to reduce carbon emissions and enhance energy sustainability.

Recent Key Developments of United States (U.S):

Policy and Regulatory Uncertainty: The U.S. market is experiencing significant policy shifts. The "One Big Beautiful Bill Act" (OBBBA), signed on July 4, 2025, has introduced changes to federal tax credits, with some credits set to expire sooner than previously planned. Additionally, new Department of the Interior permitting rules are singling out solar projects for stricter treatment, and new "Foreign Entities of Concern" (FEOC) requirements have created uncertainty for manufacturers.

Growth in Commercial and Manufacturing Sectors: While overall solar installations have seen a decline in the first half of 2025, the commercial solar segment has shown growth. U.S. manufacturing capacity is also expanding, with over 13 GW of new or expanded solar module production facilities coming online in the first half of the year, bringing the total domestic capacity to over 55 GW.

Advanced Technology Adoption: The market is seeing increased adoption of new solar technologies. Bifacial solar panels, which capture light from both sides, are gaining traction, especially in large-scale projects. There is also a push towards integrating solar with energy storage systems, driven by changes in net metering policies.

Utility-Scale Project Pipeline: Despite the policy headwinds, the pipeline for large-scale solar projects remains robust. As of September 2025, there are over 4,100 planned projects in development. Several major projects are expected to come online in late 2025, particularly in states like Texas, Ohio, and New Jersey.

Focus on Grid and Reliability: The Solar Energy Industries Association (SEIA) has launched a new policy agenda to address grid reliability, highlighting the role of solar and storage in strengthening the electric grid. The industry is also seeing a push toward more "grid-friendly" designs to help clear backlogged interconnection queues.

Key Players:

ABB
Adani Group
Hanwha Q CELL
Huawei
JA Solar
JinkoSolar
LONGI
Mitsubishi Electric
Sharp
Trina Solar.

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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Market Segmentation:

By Technology: Monocrystalline Silicon, Polycrystalline Silicon, Thin-Film Technology, Others.

By Grid: On-Grid, Off-Grid, Hybrid.

By Installation: Ground-Mounted, Rooftop Solar Panels, Floating Solar Panels, Others.

By Application: Residential, Commercial, Industrial, Utility-Scale.

Regional Analysis:

⇥ 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)

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Chapter Outline

⏩ Market Overview: It contains five chapters, as well as information about the research scope, major manufacturers covered, market segments, Solar PV Panels market segments, study objectives, and years considered.

⏩ Market Landscape: The competition in the Global Solar PV Panels Market is evaluated here in terms of value, turnover, revenues, and market share by organization, as well as market rate, competitive landscape, and recent developments, transaction, growth, sale, and market shares of top companies.

⏩ Companies Profiles: The global Solar PV Panels market's leading players are studied based on sales, main products, gross profit margin, revenue, price, and growth production.

⏩ Market Outlook by Region: The report goes through gross margin, sales, income, supply, market share, CAGR, and market size by region in this segment. North America, Europe, Asia Pacific, Middle East & Africa, and South America are among the regions and countries studied in depth in this study.

⏩ Market Segments: It contains the deep research study which interprets how different end-user/application/type segments contribute to the Solar PV Panels Market.

⏩ Market Forecast: Production Side: In this part of the report, the authors have focused on production and production value forecast, key producers forecast, and production and production value forecast by type.

⏩ 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.

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People Also Ask:

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