Europe Solar PV Module Market Size & Share 2026-2035

Europe Solar PV Module Market Size

The Europe solar PV module market was estimated at USD 64.6 billion in 2025. The market is expected to grow from USD 66.3 billion in 2026 to USD 106.7 billion in 2035, at a CAGR of 5.4% according to a recent study by Global Market Insights Inc.

• Flourishing investments in clean electricity generation and the rising electricity prices with growing environmental awareness are supporting the widespread deployment of solar photovoltaic systems across residential, commercial and utility-scale sectors.
• Large-scale solar farms, rooftop solar projects and the decentralized energy systems are contributing the industry growth. Governments across the region are promoting the energy independence and reducing dependence on conventional fossil fuels, which encourages long-term investments in photovoltaic infrastructure and module manufacturing.
• Rising technological advancements strengthening the market with which manufacturers are increasingly focusing on high-efficiency monocrystalline modules, TOPCon technology, bifacial panels and back-contact cell technologies to improve energy conversion efficiency and performance reliability. Ongoing rising innovation in module design with durability, and the energy output enables the solar systems to operate more efficiently under different climatic conditions.
• For instance, in March 2026, LONGi has unveiled its latest photovoltaic module, the Hi-MO X10, tailored for distributed solar applications with a strong focus on safety. The new module incorporates the company’s second-generation hybrid passivated back contact (HPBC 2.0) cell technology, aimed at improving performance while addressing potential fire risks. Designed to reduce hazards such as hot spots and direct current arcing, the product is suited for installations where safety is critical, including warehouses, data centers, logistics hubs, commercial rooftops, and residential systems.
• The residential sector is an emerging contributor to the market expansion owing to its increasing adoption of rooftop solar systems among the households seeking lower electricity costs and greater energy security. Supportive government incentives, net-metering policies, and subsidies encourage the consumers to flourish invest in solar PV installations. Establishing commercial and industrial facilities utilizing the solar energy systems to reduce the operational costs and to meet the sustainability commitments, further fueling the demand for solar modules.
• Furthermore, utility-scale solar projects are investing heavily in large solar parks and grid-connected renewable energy projects to meet the clean energy targets and reduce greenhouse gas emissions. Growing integration of solar energy with battery storage systems and smart grid infrastructure is further strengthening the long-term outlook and thus creating favorable conditions for higher solar penetration throughout the region.

Europe Solar PV Module Market Trends

• Growing demand for high-efficiency modules in urban and commercial settings are influencing huge demand for the modules which can generate more power per unit area are driving the industry. Technical advances including TOPCon, heterojunction (HJT) and back-contact designs boosting the demand for the developers and consumers to prioritize performance and long-term output, augmenting the positive outlook.
• Expansion of distributed solar installations with the rooftop solar systems will further gain the momentum across the residential, commercial and industrial segments. Increasing electricity prices and increased awareness of energy independence will further encourage the consumers to adopt solar power which will bolster the growing demand for PV modules designed to smaller-scale installations.
• Shifting focuses towards the increase in integration of solar PV with energy storage systems to maximize the self-consumption and to reduce the grid dependence with the combination of solar modules and the battery storage. Ongoing digitalization and smart technologies with advanced monitoring systems, smart inverters and data-driven energy management solutions will further the augment the business landscape paired with solar installations.
• Supportive government-lead policies and industry players will explore the opportunities to establish local production facilities which will aim to reduce the reliance on external suppliers and improve supply chain resilience. Increasing attention on the environmental impact of solar products, including their lifecycle, recyclability and material sourcing developing eco-friendly modules and aligning with stricter environmental regulations, which are shaping product design and procurement strategies.
• For instance, in April 2026, ROSI will set up a PV module recycling plant in Spain to accelerate the solar sustainability economy practices. This new plant will shift the focus on recovering valuable materials from end-of-life solar panels, for the growing need for waste management as solar installations, highlighting the flourishing investment in recycling infrastructure and reflects broader industry efforts to reduce environmental impact, ensuring long-term resource efficiency within the solar value chain.

Europe Solar PV Module Market Analysis

Based on technology, the industry is segmented into thin film and crystalline silicon. Crystalline silicon accounted for over 94.8% market share in 2025 and is anticipated to grow at a CAGR of 5.1% by 2035.

• Developers, homeowners and commercial consumers are widely consuming crystalline silicon and continues to attract the huge number of installations in both small and large solar projects. Growing interest in high‑efficiency modules, where crystalline silicon naturally fits well.
• Consumers prioritize the systems that deliver the more power within limited roof and crystalline silicon modules which creates the demand for performance‑oriented systems surged to further strengthen the position of crystalline silicon in the coming years.

Based on connectivity, the Europe solar PV module market is segmented into on grid and off grid. On Grid segment dominated around 97.5% market share in 2025 and is expected to grow at a CAGR of 5.3% by 2035.

• Rapid development of utility‑scale solar projects across the region are heavily flourishing their investments in high‑capacity solar farms to reduce their reliance on fossil fuels and stabilize the energy supply. Supportive policies with competitive auction schemes and favorable financing conditions have encouraged the developers to expand the grid‑connected installations with an accelerated pace.
• Moreover, ongoing continuous upgrades in grid infrastructure and to cross‑border electricity interconnections which helps countries to handle the higher renewable penetration which has made on‑grid solar systems more reliable and an attractive for both public and private sector investors. Shifting push toward its climate and energy‑security goals, the on‑grid segment is surged to remain the backbone of solar deployment driving the steady momentum for PV modules across the region.

Germany solar PV module market is anticipated to reach more than USD 30 billion by 2035.

• Paradigm shift toward clean energy reinforced by strong policy support and the growing demand for renewable power driving the industry. Increasing rooftop adoption in large-scale solar parks and corporate sustainability with future commitments are further pushing module towards the increase in sales across residential, commercial and industrial sectors.
• For instance, in May 2026, Goldbeck Solar will develop a 268 MWp solar park in Germany for large-scale solar installations toward its clean energy targets. This solar park project will surge to deliver to the green power generation. This initiative will flourish investment in utility-scale solar projects, focusing on rising infrastructure to meet rising electricity demand in a sustainable manner.
• Key advancements in highly‑efficiency technologies and upgrades which has grid infrastructure shaping the market momentum with its efforts to reduce reliance on conventional energy and to meet long-term climate targets, as the solar PV module market is surged to remain on a steady growth trajectory well into the next decade.

Europe Solar PV Module Market Share

• Key leading players are adopting a wide range approaches to fuel their high‑efficiency technologies with expanding local manufacturing footprints and to enhance the product reliability to meet stringent quality and sustainability standards. Leading companies focuses on supply chain diversification to reduce import dependency and to improve resilience against global disruptions. In addition, many manufacturers are pursuing strategic partnerships, accelerating R&D activities, and tailoring their portfolios to cater to fast‑growing segments such as rooftop solar, commercial installations, and integrated energy solutions.

Europe Solar PV Module Market Companies

Eminent players operating in the Europe solar PV module industry are:

• AE Solar

• Aiko Solar
• BELELECTRIC
• Canadian Solar
• DAS Solar
• First Solar
• Iberdrola
• JinkoSolar
• LONGi
• Metsolar
• Omnia Solar
• Onyx Solar
• Peimer
• REDEN
• RENE SOLA
• SOLYCO Solar AG
• TAMESOL
• Trina Solar
• Vikram Solar
• Yingli Solar

Europe Solar PV Module Industry News

• In April 2026, Huawei Digital Power unveiled its FusionSolar 9.0 Smart PV Solution in Europe at a dedicated summit in Frankfurt, Germany, the project developers, technical specialists, and industry bodies from across the region. This launch highlighted the company’s ongoing focus on advancing smart photovoltaic technologies to improve efficiency and reduce lifecycle energy costs in rapidly evolving power markets.
• In April 2026, Iberdrola has expanded its renewable footprint in Italy and has installed capacity of 400 MW solar PV plant with the acquisition in the Lazio region. This move further strengthens the company’s growing presence in the country’s clean energy sector and aligns with its broader strategy to scale up renewable investments across Europe.
• In November 2025, Holosolis has secured USD 250 million in combined public and private funding to advance the construction of its large-scale 5GW module manufacturing plant in France. With this financial backing, the company aims to accelerate development of the facility, and is expected to play a key role in supporting Europe’s clean energy targets and reducing reliance on imported solar modules.
• In April 2025, DAS Solar established its first photovoltaic module assembly facility in Europe, which aims to set up a 3 GW production plant in Mandeure in France. This project reflects the flourishing investment in Europe’s domestic solar manufacturing capacity amid increasing the demand for clean energy and efforts to strengthen regional supply chains, contributing to local industrial development and job creation.

Europe Solar PV Module market research report includes an in-depth coverage of the industry with estimates & forecast in terms of revenue and volume in “USD Billion & MW” from 2022 to 2035, for the following segments:

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Market, By Technology

• Thin Film
• Crystalline Silicon

Market, By Product

• Monocrystalline
• Polycrystalline
• Cadmium Telluride
• Amorphous Silicon
• Copper Indium Gallium Diselenide

Market, By Connectivity

• On Grid
• Off Grid

Market, By Mounting

• Ground Mounted
• Roof Top

Market, By End Use

• Residential
• Commercial & Industrial
• Utility

The above information has been provided for the following countries:

• Austria
• Norway
• Denmark
• Finland
• France
• Germany
• Italy
• Switzerland
• Spain
• Sweden
• UK
• Netherlands
• Poland
• Belgium
• Ireland
• Baltics
• Portugal