Solar Tree Market

Solar Tree Market Size

According to a recent study by Global Market Insights Inc., the solar tree market was estimated at USD 290.3 million in 2024. The market is expected to grow from USD 309.8 million in 2025 to USD 571.5 million in 2034, at a CAGR of 7%.

• Continuous innovation in modular and simpler design coupled with enhanced adaptability for urban landscapes is creating new opportunities for deployment in public spaces. Integration of smart lighting systems in line with energy-efficient urban planning is strengthening the role of solar trees in sustainable city infrastructure.
  
• A Solar Tree is a tree structure that uses photovoltaic panels mounted on its branches to harness solar energy and convert it into electricity. It is designed to save space while providing an aesthetically pleasing way to generate renewable energy in urban or public areas.
  
• For instance, in December 2024, NTPC announced a tender for the installation and commissioning of solar trees at its Bongaigaon Thermal Power Project in Assam. Managed by NTPC’s Central Procurement Group-2 at Sipat Super Thermal Power Station in Chhattisgarh, the initiative underscores NTPC’s commitment to sustainable energy solutions.
  
• Rising emphasis on aesthetic appeal together with functional energy generation is positioning solar trees as a preferred solution for architectural projects. Development of lightweight and corrosion-resistant materials in tandem with advanced photovoltaic technology is improving durability and performance in diverse climates.
  
• Increasing adoption of IoT-enabled monitoring systems in association with real-time energy analytics is enhancing operational efficiency and predictive maintenance. Expansion of electric vehicle charging capabilities coupled with solar tree installations is supporting the transition toward clean mobility solutions.
  
• Growing interest in decentralized power generation in line with renewable energy targets is accelerating the integration of solar trees in community-level projects. Incorporation of vertical farming concepts together with solar tree structures is creating hybrid solutions for urban agriculture and energy generation.
  
• For reference, in July 2025, Mahanadi Coalfields Limited, a subsidiary of Coal India Limited, has floated an e-tender for the design, supply, installation, and commissioning of 500 kW on-grid solar photovoltaic trees across its operational areas, including headquarters. The scope also includes civil work and a 10-year Comprehensive Annual Maintenance Contract (CAMC).
  
• Rising demand for off-grid energy solutions in tandem with rural electrification programs is boosting solar tree deployment in remote areas. Continuous improvement in battery storage technology coupled with solar tree systems is enabling reliable power supply during low sunlight conditions.
  
• Increasing focus on carbon-neutral initiatives in association with corporate sustainability programs is driving investments in solar tree installations for commercial campuses. Development of customizable designs in line with cultural and regional aesthetics is expanding the appeal of solar trees for tourism and heritage sites.
  
• The solar tree market was valued at USD 246.5 million in 2021 and grew at a CAGR of over 7% through 2024. Integration of advanced sensors together with AI-based energy optimization is transforming solar trees into smart energy hubs for urban environments.
  
• Growing collaboration between municipal authorities and private developers in tandem with green infrastructure projects is fostering large-scale adoption. Rising awareness of renewable energy benefits coupled with educational initiatives is promoting solar tree installations in academic institutions and research parks.
  

Solar Tree Market Trends

• Continuous introduction of tax benefits coupled with renewable energy subsidies is encouraging large-scale adoption of solar tree installations. Implementation of net-metering policies in line with decentralized energy generation is creating favorable conditions for solar tree integration in urban and rural projects.
  
• Expansion of green infrastructure programs together with public-private partnerships is accelerating deployment in smart city initiatives. Increasing allocation of funds for clean energy projects in tandem with climate action commitments is strengthening the investment outlook for solar trees.
  
• For instance, in October 2025, Great British Energy, in partnership with the UK government, will invest up to USD 34.8 million to deploy solar panels across 34 NHS trusts. The initiative will cover installations at 70 NHS sites, aiming to reduce energy costs and enhance sustainability in healthcare facilities.
  
• Continuous innovation in high-efficiency photovoltaic cells coupled with lightweight materials is improving energy output and structural flexibility for solar trees. Development of compact and modular battery storage solutions together with smart energy management systems is enhancing reliability and performance.
  
• Increasing adoption of AI-driven predictive maintenance in tandem with IoT-enabled sensors is reducing operational downtime for solar tree installations. Continuous improvement in thermal management technologies coupled with advanced coatings is extending the lifespan of solar panels in harsh environments.
  
• Rising consumer preference for eco-friendly solutions coupled with corporate sustainability commitments is boosting demand for solar tree installations. Growing emphasis on green urban planning in line with smart city development is positioning solar trees as a key element of modern infrastructure.
  
• For citation, in April 2024, Australia is set to strengthen its domestic solar manufacturing sector with a new USD 650 million fund aimed at boosting production capacity. The program, managed by the Australian Renewable Energy Agency (ARENA), will provide grants and production credits across the solar panel supply chain.
  
• Integration of renewable energy education programs together with community engagement initiatives is fostering awareness and adoption at the grassroots level. Continuous promotion of carbon footprint reduction in tandem with climate resilience strategies is creating momentum for solar tree projects.
  
• Rising demand for decentralized energy solutions together with resilience against grid disruptions is reinforcing the importance of solar trees in urban ecosystems. Continuous integration of solar trees in tandem with tourism and recreational projects is promoting sustainability in leisure infrastructure.
  

Solar Tree Market Analysis

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• Based on capacity, the industry is segmented into ≤ 10 kW, > 10 kW to 25 kW, > 25 kW to 50 kW, and > 50 kW. The > 25 kW to 50 kW rated solar tree market holds a share of 33.6% in 2024 and is expected to grow at a CAGR of over 6.5% through 2034.
  
• Continuous evolution of high-efficiency solar modules coupled with robust structural designs is positioning this segment for large-scale commercial applications. Integration of advanced energy storage systems in line with smart energy management platforms is improving reliability for critical infrastructure.
  
• The ≤ 10 kW rated solar tree market was evaluated at USD 38.9 million in 2024. Continuous innovation in compact and modular designs coupled with simplified installation is making ≤10 kW solar trees suitable for residential and small commercial spaces. Integration of aesthetic elements in line with functional energy generation is increasing in adoption in gardens, parks, and private properties.
  
• For illustration, in October 2024, The UK Government has announced private sector commitments exceeding USD 27.8 billion to boost its clean energy sector. The largest pledge comes from Iberdrola, which plans to double its investment in the UK from USD 13.9 billion to USD 27.8 billion between 2024 and 2028 through its subsidiary Scottish Power.
  
• The > 10 kW to 25 kW rated segment is set to reach over USD 150 million by 2034. Continuous improvement in modular assembly coupled with enhanced structural stability is making this segment ideal for medium-scale commercial spaces. Integration of EV charging capabilities in line with urban mobility solutions is expanding functional applications of solar trees in this range.
  
• The > 50 kW rated solar tree segment will witness a CAGR of over 7% by 2034. Continuous innovation in large-scale photovoltaic systems coupled with advanced structural engineering is enabling deployment in high-demand zones. Integration of grid-tied solutions in line with decentralized power generation strategies is supporting energy resilience for urban ecosystems.
  

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• Based on technology, the industry is segmented into monocrystalline silicon, polycrystalline silicon, and thin-film. The monocrystalline silicon segment will witness a growth rate of over 6.5% from 2025 to 2034. Continuous innovation in high-efficiency monocrystalline cells coupled with sleek design aesthetics is enhancing energy output for solar tree installations.
  
• Integration of advanced anti-reflective coatings in line with improved light absorption is optimizing performance in varying sunlight conditions. Increasing preference for premium-quality solar trees in tandem with architectural projects is driving adoption of monocrystalline technology.
  
• For reference, in March 2024, the Australian Federal Government announced a $1 billion investment to launch the Solar Sunshot Program. The initiative aims to accelerate the commercialization of domestic solar photovoltaic (PV) technologies and strengthen Australia’s solar supply chain.
  
• The polycrystalline silicon solar tree market is set to reach over USD 80 million by 2034. Continuous evolution of cost-effective polycrystalline panels coupled with simplified manufacturing processes is improving affordability for solar tree projects. Integration of durable materials in line with polycrystalline technology is enhancing resilience for installations in harsh outdoor environments.
  
• The thin-film solar tree market was evaluated at USD 27.8 million in 2024. Continuous innovation in lightweight thin-film panels coupled with flexible design concepts is enabling creative solar tree structures for urban landscapes. Growing preference for low-weight installations in tandem with rooftop and vertical solar tree designs is supporting thin-film adoption.
  
• Based on connectivity, the industry is segmented into off grid and on grid. The off grid segment will witness a growth rate of over 7% from 2025 to 2034. Continuous innovation in standalone solar tree systems coupled with integrated battery storage is enabling reliable power supply in remote areas.
  
• Development of modular off-grid designs in line with simplified installation techniques is supporting deployment in rural electrification projects. Growing preference for decentralized energy solutions in tandem with sustainability-driven initiatives is creating strong demand for off-grid connectivity.
  
• For illustration, in April 2025, The Spanish government has recently approved nearly 300 renewable projects, representing USD 19.7 billion in investment and 28 GW of new capacity. Upcoming tenders are expected to allocate an additional 10 GW of solar PV capacity by year-end, with total installed capacity projected to reach approximately 43.8 GW by 2028.
  
• The on grid solar tree market is set to reach over USD 150 million by 2034. Continuous evolution of grid-tied solar tree systems coupled with advanced energy management platforms is optimizing power distribution efficiency. Integration of smart grid connectivity in line with real-time monitoring solutions is enabling seamless energy flow between solar trees and utility networks.
  
• Increasing collaboration between municipal authorities and private developers in line with renewable energy mandates is accelerating adoption of grid-tied solutions. Development of hybrid connectivity options together with advanced storage integration is improving flexibility for peak demand management.
  

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• The U.S. dominated the solar tree market in North America with USD 42.5 million in 2024. Continuous innovation in solar tree designs coupled with integration of EV charging stations is supporting clean mobility initiatives across urban landscapes. Continuous development of smart grid connectivity in line with renewable energy mandates is creating favorable conditions for large-scale solar tree deployment.
  
• The North America solar tree market will project at a CAGR of over 7% by 2034. Continuous evolution of decentralized energy solutions coupled with sustainability-driven policies is promoting solar tree adoption in Canada and Mexico. Growing emphasis on carbon-neutral targets in tandem with renewable energy incentives is creating strong deployment opportunities.
  
• For citation, in November 2025, First Solar announced a major investment of USD 330 million to establish a new solar module manufacturing facility in Gaffney, South Carolina. The plant will focus on the final assembly of the company’s Series 6 Plus thin-film modules and is designed for an annual production capacity of 3.7 GW.
  
• The Europe solar tree market was valued at USD 79.3 million in 2024. Integration of solar trees in line with smart city frameworks is supporting renewable energy adoption across metropolitan regions. Increasing deployment in tourism and heritage sites together with aesthetic-driven designs is expanding the appeal of solar trees.
  
• The Asia Pacific solar tree market holds a share of 41.5% in 2024. Ongoing development of multifunctional solar trees together with EV charging capabilities is aligning with clean mobility initiatives across urban centers. Integration of IoT-enabled monitoring systems in association with smart city projects is expanding functional scope for solar trees.
  
• For illustration, in May 2025, ReNew Energy Global secured a USD 100 million investment from British International Investment (BII) to accelerate its solar manufacturing operations in India. The funding will be directed at ReNew Photovoltaics Private Limited, the company’s dedicated solar manufacturing subsidiary.
  
• The Middle East & Africa solar tree market will exceed USD 35 million by 2034. Continuous innovation in heat-resistant solar panels coupled with advanced cooling systems is addressing performance challenges in extreme temperatures. Integration of solar trees in line with luxury real estate developments is creating niche opportunities for aesthetic-driven renewable solutions.
  
• The Latin America solar tree market is projected to grow at a rate of over 6% by 2034. Increasing participation of municipalities together with community engagement programs is fostering grassroots adoption of solar trees in educational and recreational zones. Development of hybrid renewable configurations in line with resilience strategies is strengthening energy independence for critical facilities and disaster-prone regions.
  

Solar Tree Market Share

• The top 5 companies in the solar tree industry are Artemide, Beam Global, Solvis, IYSERT ENERGY, and NESSA, contributing around 42.5% of the market in 2024. The market offers a unique blend of sustainability, aesthetics, and multifunctionality, giving it a strong competitive edge over traditional solar installations.
  
• Beam Global recorded USD 49.3 million in revenue for 2024, marking the highest annual revenue in the Company’s history, excluding 2023, and more than doubling any previous year’s performance. Revenues from non-government commercial entities increased by 229% year-over-year, demonstrating significant market diversification and penetration.
  
• SOLVIS leverages advanced technology and premium materials to deliver high-quality solar solutions. With rigorous quality control across all production stages, the company offers both standard and custom modules for BIPV, carports, facades, and specialized applications. Current annual production capacity stands at approximately 1 million modules, equivalent to 330 MW.
  
• Solar Forma Design develops and manufactures innovative renewable energy products that integrate advanced solar technologies with artistic and architectural design. The company focuses on creating solutions that enhance public spaces, promoting well-being and place-making while redefining the relationship between solar energy and urban environments.
  

Solar Tree Market Companies

Major players operating in the solar tree industry are:

• AGNI SOLAR SYSTEMS
• Artemide
• Beam Global
• EVT Energy
• Imagine Powertree
• Infinity Solar Energy
• IYSERT ENERGY
• Kondaas Solar Energy
• Kotson Solar
• LEADSUN
• NESSA
• RS Power Systems
• SmartFlower
• Solar Forma
• Solar Tree
• SolarBotanic Tree
• SolarLogix
• Solvis
• Spotlight Solar
• URJA SAUR ELECTRONICS
  
• Artemide combines design excellence with renewable energy innovation through its solar tree solutions. These installations serve as functional art pieces, integrating solar panels into sculptural forms that provide lighting and energy for public spaces. Artemide’s approach emphasizes aesthetics, sustainability, and urban enhancement, making its solar trees ideal for architectural and smart city projects
  
• Beam Global delivers Solar Tree systems designed for EV charging and energy resilience. These off-grid units integrate solar generation with battery storage, enabling fast charging without grid dependency. Beam’s solar trees are deployed in transportation hubs and smart city environments, offering scalable, sustainable infrastructure for clean mobility and disaster preparedness.
  
• Solvis manufactures Smart Solar Trees that combine renewable energy generation with public amenities. Each unit features integrated PV panels, charging ports, LED lighting, and optional Wi-Fi, making them suitable for parks, airports, and urban spaces. Solvis emphasizes durability and customization, ensuring efficient energy production while enhancing community spaces.
  
• IYSERT ENERGY produces solar trees ranging from 500 W to 10 kW, tailored for smart city and commercial applications. Its designs incorporate sun-tracking technology and space-saving configurations, delivering high efficiency and aesthetic appeal. IYSERT’s solar trees are widely used in public areas, residential complexes, and institutional campuses to promote sustainable energy adoption.
  
• NESSA offers solar tree solutions focused on urban sustainability and smart infrastructure. Its systems integrate renewable energy generation with features including EV charging and smart lighting, minimizing land use while maximizing functionality. NESSA positions its solar trees as a key component of green city initiatives, supporting energy independence and eco-friendly development.
  

Solar Tree Industry News

• In October 2025, Beam Global, a pioneer in sustainable infrastructure for transportation electrification and smart city solutions, announced that Northwest Indian College (NWIC) has strengthened its clean energy efforts by becoming the first accredited Tribal college to implement both the BeamBike solar-powered e-bike charging station and the EV ARC system. This deployment highlights NWIC’s leadership in advancing renewable energy adoption and innovative sustainability practices.
  
• In September 2025, SmartFlower played a key role in Henderson Texas Economic Development Corporation’s most ambitious project, Henderson Innovation Park. As part of this USD 10 million development, SmartFlower partnered with True Texas Solar & Roofing to install five SmartFlowers, delivering renewable energy to essential park amenities. This initiative makes Henderson Innovation Park the only innovation or industrial park in East Texas with onsite solar energy, reinforcing its commitment to sustainability and innovation.
  
• In September 2025, Solvis has installed a 20 kW solar power system at the Green Park Eco Car Wash in Varaždin, part of the city’s new sustainable Green Park complex. The system uses Solvis modules featuring double-tempered glass on both sides and 30% transparency, ensuring an ideal balance of natural light and energy efficiency. The solar plant now powers the car wash, reducing grid dependency and supporting eco-friendly operations. This project reflects Solvis’s commitment to smarter, sustainable energy solutions for local communities.
  
• In November 2024, The Public Works Department (PWD) is set to install nine solar trees in the Delhi Cantonment area, each valued at over USD 11.3 thousand. The project, scheduled for completion next month, aims to combine functionality with aesthetics by generating clean energy while enhancing public spaces. These solar trees will also serve as integrated street lighting solutions, reinforcing PWD’s commitment to sustainable urban infrastructure.
  

The solar tree market research reports include in-depth coverage of the industry with estimates & forecast in terms of revenue (USD Million) from 2021 to 2034, for the following segments:

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Market, By Capacity

• ≤ 10 kW
• > 10 kW to 25 kW
• > 25 kW to 50 kW
• > 50 kW

Market, By Technology

• Monocrystalline silicon
• Polycrystalline silicon
• Thin-film

Market, By Connectivity

• Off grid
• On grid

Market, By Component

• Battery
• Solar PV modules
• Inverter
• Cables and connectors

Market, By Application

• Residential
• Commercial & industrial
• Utility

The above information has been provided for the following regions and countries:

• North America
  • U.S.
  • Canada
  • Mexico
• Europe
  • Germany
  • UK
  • Austria
  • Norway
  • Italy
  • Spain
  • France
  • Netherlands
• Asia Pacific
  • China
  • Japan
  • India
  • South Korea
  • Australia
  • Singapore
• Middle East & Africa
  • Saudi Arabia
  • UAE
  • South Africa
• Latin America
  • Brazil
  • Argentina