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On-Grid Solar PV Market Share

Report ID: GMI5975
Published Date: Jun 2023
Report Format: PDF

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On-Grid Solar PVMarket Share

Several efforts for business development including agreements & partnerships in line with ongoing innovations in technology will contribute to on-grid solar PV market growth. Prominent companies operating in the industry include :

Trina Solar
Canadian Solar
JA SOLAR Technology Co., Ltd
JinkoSolar
First Solar
Havells India Ltd
GCL-SI
Motech Industries Inc.
RISEN ENERGY Co., LTD
Indosolar
LONGi
LOOM SOLAR PVT. LTD.
Amplus Solar
Sunova Solar
Rays Power Infra

Authors: Ankit Gupta, Srishti Agarwal

Frequently Asked Questions (FAQ) :

The market size of on-grid solar PV was reached USD 157.5 billion in 2022 and is projected to surpass USD 255.6 billion by 2032, driven by the growing adoption of clean and renewable energy.

The commercial & industrial end-use segment is anticipated to witness over 6.5% CAGR through 2032, owing to rising advancements in solar panel technology, such as increased efficiency and durability.

Asia Pacific market is poised to exceed USD 100.1 billion by 2032, attributed to the supportive policies and standards to provide regulatory stability coupled with government incentives for investments in solar energy systems.

Trina Solar, Canadian Solar, JA SOLAR Technology Co., Ltd, JinkoSolar, First Solar, Havells India Ltd., GCL-SI, Motech Industries Inc., RISEN ENERGY Co., LTD, Indosolar, LONGi, LOOM SOLAR PVT. LTD., Amplus Solar, Sunova Solar, and Rays Power Infra are some of the prominent on-grid solar PV companies.