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Europe Solar PV Module Market Size

  • Report ID: GMI6760
  • Published Date: Sep 2023
  • Report Format: PDF

Europe Solar PV Module Market Size

Europe Solar PV Module Market size was valued at USD 52.11 Billion in 2023 and is predicted to expand at over 5.2% CAGR from 2024 and 2032. Driven by growing demand for high-efficiency solar modules and continuous innovative technological development will boost the product penetration.

 

A solar photovoltaic module, commonly referred to as a solar panel, is a device designed to capture sunlight and convert it into electricity using semiconductor materials, typically silicon. Solar PV modules consist of multiple solar cells interconnected and encapsulated within a weather-resistant and protective frame. Ambitious renewable energy targets, declining solar PV costs, along with favorable policies will further boost the market trends.

Authors: Ankit Gupta, Srishti Agarwal

Frequently Asked Questions (FAQ) :

The market size of solar PV module in Europe was crossed USD 52.11 Billion in 2023 and is expected to surpass USD 81.32 billion by 2032, due to the rise in ambitious renewable energy targets, declining solar PV costs, along with the presence of favorable policies in the region.

What is the value of crystalline silicon solar PV module market in Europe?

Germany solar PV module market is expected to register over 11% CAGR from 2023 to 2032, owing to the development of strategic government roadmaps along with increasing intervention of local governments to augment the solar installed capacity in the nation.

Some of the major solar PV module firms in Europe are Eternia Solar, Trina Solar, Canadian Solar, JA SOLAR Technology Co., Ltd, JinkoSolar, First Solar, REC Solar Holdings AS, BELECTRIC, CsunSolarTech, The Solaria Corporation, LG Electronics, and Yingli Solar.

Europe Solar PV Module Market Scope

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Premium Report Details

  • Base Year: 2023
  • Companies covered: 18
  • Tables & Figures: 716
  • Countries covered: 18
  • Pages: 400
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