PUBLISHER: Blueweave Consulting | PRODUCT CODE: 1629923
PUBLISHER: Blueweave Consulting | PRODUCT CODE: 1629923
Europe Solar PV Market, By Technology (Thin film, Crystalline Silicon, Others); By Grid; By Application; By Installation; By Country, Trend Analysis, Competitive Landscape & Forecast, 2019-2030
Europe Solar PV Market Set to Cross Whopping Value of USD 61 Billion by 2030
Europe Solar PV (Photovoltaic) Market is flourishing because of an increasingly high focus on addressing environmental concerns and the governments' supportive incentives and subsidies for promoting the adoption of solar energy.
BlueWeave Consulting, a leading strategic consulting and market research firm, in its recent study, estimated Europe Solar PV (Photovoltaic) Market size at USD 36.3 billion in 2023. During the forecast period between 2024 and 2030, BlueWeave expects Europe Solar PV Market size to expand at a CAGR of 7.80% reaching a value of USD 61.1 billion by 2030. Major growth factors for Europe Solar PV Market include increasingly significant investments by the European Union (EU) and member countries in solar power projects as a result of recurring energy crises and fluctuating electricity prices. Over the forecast period, it is also projected that the growing need for power across the region and the falling cost of solar PV would propel the expansion of Europe solar PV Market.
Opportunity - Technological Advancements and Cost Reduction
Technological advancements and the subsequent reduction in the cost of solar PVs are projected to boost their adoption in European countries over the forecast period. The innovations in PV manufacturing processes and the scale of production have resulted in a significant decline in the cost of solar panels. In addition, advanced technologies, such as bifacial solar panels, improved inverter efficiency, and energy storage solutions, have also enhanced the performance and reliability of solar PV systems. With lower long-term operational costs and higher efficiency of solar panels, the adoption of solar PV is projected to rise in residential, commercial, and industrial sectors, driving Europe solar PV market growth.
Impact of Escalating Geopolitical Tensions on Europe Solar PV Market
Intensifying geopolitical tensions may prove both a boon and a bane for Europe Solar PV Market. Due to geopolitical tensions and war in Ukraine and Russia, investment in the renewable energy sector was hindered, and their attention was diverted to more essential duties. Other European nations, however, may raise their investments in the solar energy industry, which would result in more renewable energy projects to address fluctuations in energy prices. Europe Solar PV Market, however, may face serious challenges due to supply chain disruptions, which result in a shortage of essential raw materials like polysilicon, rare earth metals, and aluminum that are needed to manufacture solar PV. These materials must be imported from other countries, including the United States, China, and South East Asian countries. The disturbance of the raw material flow may result in shortages, delays, or price hikes, which would restrict market expansion.
Germany Leads Europe Solar PV Market
Germany leads Europe Solar PV Market because of the country's large number of solar PV installations. According to Germany Trade and Invest, a federal enterprise of the German government, the nation's total solar PV capacity is around 80 GWp, making up 25% of the EU market. Germany's Solar PV Market has grown as a result of the government's large investments in the renewable energy sector and the introduction of favorable programs to draw in foreign businesses to PV developments.
Competitive Landscape
The major industry players of Europe Solar PV market include Hanwha Q Cells, REC Group, Meyer Burger, SMA Solar Technology AG, JinkoSolar, JA Solar, Trina Solar, LONGi Solar, and SolarEdge Technologies. The presence of high number of companies intensify the market competition as they compete to gain a significant market share.
These companies employ various strategies, including mergers and acquisitions, partnerships, joint ventures, license agreements, and new product launches to further enhance their market share.
The in-depth analysis of the report provides information about growth potential, upcoming trends, and Europe Solar PV Market. It also highlights the factors driving forecasts of total market size. The report promises to provide recent technology trends in Europe Solar PV Market and industry insights to help decision-makers make sound strategic decisions. Furthermore, the report also analyzes the growth drivers, challenges, and competitive dynamics of the market.
Table of Contents
1. Research Framework
- 1.1. Research Objective
- 1.2. Product Overview
- 1.3. Market Segmentation
2. Executive Summary
3. Europe Solar PV Market Insights
- 3.1. Industry Value Chain Analysis
- 3.2. DROC Analysis
- 3.2.1. Growth Drivers
- 3.2.1.1. Declining Costs
- 3.2.1.2. Increasing Environmental Concerns
- 3.2.1.3. Government Incentives and Subsidies
- 3.2.2. Restraints
- 3.2.2.1. Land Requirements
- 3.2.2.2. Weather Dependency
- 3.2.3. Opportunities
- 3.2.3.1. Energy Security and Diversification
- 3.2.3.2. Advancement in Technology
- 3.2.4. Challenges
- 3.2.4.1. Supply Chain Constraints
- 3.2.4.2. Grid Integration Challenges
- 3.2.1. Growth Drivers
- 3.3. Technological Advancements/Recent Developments
- 3.4. Regulatory Framework
- 3.5. Porter's Five Forces Analysis
- 3.5.1. Bargaining Power of Suppliers
- 3.5.2. Bargaining Power of Buyers
- 3.5.3. Threat of New Entrants
- 3.5.4. Threat of Substitutes
- 3.5.5. Intensity of Rivalry
4. Europe Solar PV Market: Marketing Strategies
5. Europe Solar PV Market Overview
- 5.1. Market Size & Forecast, 2019-2030
- 5.1.1. By Value (USD Billion)
- 5.2. Market Share & Forecast
- 5.2.1. By Technology
- 5.2.1.1. Thin Film
- 5.2.1.2. Crystalline Silicon
- 5.2.1.2.1 Mono Crystalline Silicon
- 5.2.1.2.2 Multi Crystalline Silicon
- 5.2.1.3. Others
- 5.2.2. By Grid
- 5.2.2.1. On-Grid
- 5.2.2.2. Off-Grid
- 5.2.3. By Application
- 5.2.3.1. Residential
- 5.2.3.2. Industrial
- 5.2.3.3. Commercial
- 5.2.4. By Installation
- 5.2.4.1. Ground Mounted
- 5.2.4.2. Rooftop
- 5.2.4.3. Others
- 5.2.5. By Country
- 5.2.5.1. Germany
- 5.2.5.2. United Kingdom
- 5.2.5.3. Italy
- 5.2.5.4. France
- 5.2.5.5. Spain
- 5.2.5.6. Belgium
- 5.2.5.7. Russia
- 5.2.5.8. The Netherlands
- 5.2.5.9. Rest of Europe
- 5.2.1. By Technology
6. Germany Solar PV Market
- 6.1. Market Size & Forecast, 2019-2030
- 6.1.1. By Value (USD Billion)
- 6.2. Market Share & Forecast
- 6.2.1. By Technology
- 6.2.2. By Grid
- 6.2.3. By Application
- 6.2.4. By Installation
7. United Kingdom Solar PV Market
- 7.1. Market Size & Forecast, 2019-2030
- 7.1.1. By Value (USD Billion)
- 7.2. Market Share & Forecast
- 7.2.1. By Technology
- 7.2.2. By Grid
- 7.2.3. By Application
- 7.2.4. By Installation
8. Italy Solar PV Market
- 8.1. Market Size & Forecast, 2019-2030
- 8.1.1. By Value (USD Billion)
- 8.2. Market Share & Forecast
- 8.2.1. By Technology
- 8.2.2. By Grid
- 8.2.3. By Application
- 8.2.4. By Installation
9. France Solar PV Market
- 9.1. Market Size & Forecast, 2019-2030
- 9.1.1. By Value (USD Billion)
- 9.2. Market Share & Forecast
- 9.2.1. By Technology
- 9.2.2. By Grid
- 9.2.3. By Application
- 9.2.4. By Installation
10. Spain Solar PV Market
- 10.1. Market Size & Forecast, 2019-2030
- 10.1.1. By Value (USD Billion)
- 10.2. Market Share & Forecast
- 10.2.1. By Technology
- 10.2.2. By Grid
- 10.2.3. By Application
- 10.2.4. By Installation
11. Belgium Solar PV Market
- 11.1. Market Size & Forecast, 2019-2030
- 11.1.1. By Value (USD Billion)
- 11.2. Market Share & Forecast
- 11.2.1. By Technology
- 11.2.2. By Grid
- 11.2.3. By Application
- 11.2.4. By Installation
12. Russia Solar PV Market
- 12.1. Market Size & Forecast, 2019-2030
- 12.1.1. By Value (USD Billion)
- 12.2. Market Share & Forecast
- 12.2.1. By Technology
- 12.2.2. By Grid
- 12.2.3. By Application
- 12.2.4. By Installation
13. The Netherlands Solar PV Market
- 13.1. Market Size & Forecast, 2019-2030
- 13.1.1. By Value (USD Billion)
- 13.2. Market Share & Forecast
- 13.2.1. By Technology
- 13.2.2. By Grid
- 13.2.3. By Application
- 13.2.4. By Installation
14. Rest of Europe Solar PV Market
- 14.1. Market Size & Forecast, 2019-2030
- 14.1.1. By Value (USD Billion)
- 14.2. Market Share & Forecast
- 14.2.1. By Technology
- 14.2.2. By Grid
- 14.2.3. By Application
- 14.2.4. By Installation
15. Competitive Landscape
- 15.1. List of Key Players and Their Offerings
- 15.2. Europe Solar PV Company Market Share Analysis, 2023
- 15.3. Competitive Benchmarking, By Operating Parameters
- 15.4. Key Strategic Developments (Mergers, Acquisitions, Partnerships, etc.)
16. Impact of Escalating Geopolitical Tensions on Europe Solar PV Market
17. Company Profiles (Company Overview, Financial Matrix, Competitive Landscape, Key Personnel, Key Competitors, Contact Address, Strategic Outlook, and SWOT Analysis)
- 17.1. Hanwha Q Cells
- 17.2. REC Group
- 17.3. Meyer Burger
- 17.4. SMA Solar Technology AG
- 17.5. JinkoSolar
- 17.6. JA Solar
- 17.7. Trina Solar
- 17.8. LONGi Solar
- 17.9. SolarEdge Technologies
- 17.10. Other Prominent Players
18. Key Strategic Recommendations
19. Research Methodology
- 19.1. Qualitative Research
- 19.1.1. Primary & Secondary Research
- 19.2. Quantitative Research
- 19.3. Market Breakdown & Data Triangulation
- 19.3.1. Secondary Research
- 19.3.2. Primary Research
- 19.4. Breakdown of Primary Research Respondents, By Country
- 19.5. Assumptions & Limitations
*Financial information of non-listed companies can be provided as per availability.
**The segmentation and the companies are subject to modifications based on in-depth secondary research for the final deliverable
List of Figures
- Figure 1 Europe Solar PV Segmentation
- Figure 2 Europe Solar PV Market Value Chain Analysis
- Figure 3 Company Market Share Analysis, 2023
- Figure 4 Europe Solar PV Market Size, By Value (USD Billion), 2019-2030
- Figure 5 Europe Solar PV Market Share, By Technology, By Value, 2019-2030
- Figure 6 Europe Solar PV Market Share, By Grid, By Value, 2019-2030
- Figure 7 Europe Solar PV Market Share, By Application, By Value, 2019-2030
- Figure 8 Europe Solar PV Market Share, By Installation, By Value, 2019-2030
- Figure 9 Europe Solar PV Market Share, By Coverage , By Value, 2019-2030
- Figure 10 Europe Solar PV Market Share, By Country, By Value, 2019-2030
- Figure 11 Germany Solar PV Market Size, By Value (USD Billion), 2019-2030
- Figure 12 Germany Solar PV Market Share, By Technology, By Value, 2019-2030
- Figure 13 Germany Solar PV Market Share, By Grid, By Value, 2019-2030
- Figure 14 Germany Solar PV Market Share, By Application, By Value, 2019-2030
- Figure 15 Germany Solar PV Market Share, By Installation, By Value, 2019-2030
- Figure 16 Germany Solar PV Market Share, By Coverage , By Value, 2019-2030
- Figure 17 United Kingdom Solar PV Market Size, By Value (USD Billion), 2019-2030
- Figure 18 United Kingdom Solar PV Market Share, By Technology, By Value, 2019-2030
- Figure 19 United Kingdom Solar PV Market Share, By Grid, By Value, 2019-2030
- Figure 20 United Kingdom Solar PV Market Share, By Application, By Value, 2019-2030
- Figure 21 United Kingdom Solar PV Market Share, By Installation, By Value, 2019-2030
- Figure 22 United Kingdom Solar PV Market Share, By Coverage , By Value, 2019-2030
- Figure 23 Italy Solar PV Market Size, By Value (USD Billion), 2019-2030
- Figure 24 Italy Solar PV Market Share, By Technology, By Value, 2019-2030
- Figure 25 Italy Solar PV Market Share, By Grid, By Value, 2019-2030
- Figure 26 Italy Solar PV Market Share, By Application, By Value, 2019-2030
- Figure 27 Italy Solar PV Market Share, By Installation, By Value, 2019-2030
- Figure 28 Italy Solar PV Market Share, By Coverage , By Value, 2019-2030
- Figure 29 France Solar PV Market Size, By Value (USD Billion), 2019-2030
- Figure 30 France Solar PV Market Share, By Technology, By Value, 2019-2030
- Figure 31 France Solar PV Market Share, By Grid, By Value, 2019-2030
- Figure 32 France Solar PV Market Share, By Application, By Value, 2019-2030
- Figure 33 France Solar PV Market Share, By Installation, By Value, 2019-2030
- Figure 34 France Solar PV Market Share, By Coverage , By Value, 2019-2030
- Figure 35 Spain Solar PV Market Size, By Value (USD Billion), 2019-2030
- Figure 36 Spain Solar PV Market Share, By Technology, By Value, 2019-2030
- Figure 37 Spain Solar PV Market Share, By Grid, By Value, 2019-2030
- Figure 38 Spain Solar PV Market Share, By Application , By Value, 2019-2030
- Figure 39 Spain Solar PV Market Share, By Installation , By Value, 2019-2030
- Figure 40 Spain Solar PV Market Share, By Coverage , By Value, 2019-2030
- Figure 41 Belgium Solar PV Market Size, By Value (USD Billion), 2019-2030
- Figure 42 Belgium Solar PV Market Share, By Technology, By Value, 2019-2030
- Figure 43 Belgium Solar PV Market Share, By Grid, By Value, 2019-2030
- Figure 44 Belgium Solar PV Market Share, By Application , By Value, 2019-2030
- Figure 45 Belgium Solar PV Market Share, By Installation , By Value, 2019-2030
- Figure 46 Belgium Solar PV Market Share, By Coverage , By Value, 2019-2030
- Figure 47 Russia Solar PV Market Size, By Value (USD Billion), 2019-2030
- Figure 48 Russia Solar PV Market Share, By Technology, By Value, 2019-2030
- Figure 49 Russia Solar PV Market Share, By Grid, By Value, 2019-2030
- Figure 50 Russia Solar PV Market Share, By Application , By Value, 2019-2030
- Figure 51 Russia Solar PV Market Share, By Installation , By Value, 2019-2030
- Figure 52 Russia Solar PV Market Share, By Coverage , By Value, 2019-2030
- Figure 53 The Netherlands Solar PV Market Size, By Value (USD Billion), 2019-2030
- Figure 54 The Netherlands Solar PV Market Share, By Technology, By Value, 2019-2030
- Figure 55 The Netherlands Solar PV Market Share, By Grid, By Value, 2019-2030
- Figure 56 The Netherlands Solar PV Market Share, By Application, By Value, 2019-2030
- Figure 57 The Netherlands Solar PV Market Share, By Installation, By Value, 2019-2030
- Figure 58 The Netherlands Solar PV Market Share, By Coverage , By Value, 2019-2030
- Figure 59 Rest of Europe Solar PV Market Size, By Value (USD Billion), 2019-2030
- Figure 60 Rest of Europe Solar PV Market Share, By Technology, By Value, 2019-2030
- Figure 61 Rest of Europe Solar PV Market Share, By Grid, By Value, 2019-2030
- Figure 62 Rest of Europe Solar PV Market Share, By Application, By Value, 2019-2030
- Figure 63 Rest of Europe Solar PV Market Share, By Installation, By Value, 2019-2030
- Figure 64 Rest of Europe Solar PV Market Share, By Coverage , By Value, 2019-2030
List of Tables
- Table 1 Europe Solar PV Market Size, By Value (USD Billion), 2019-2030
- Table 2 Europe Solar PV Market Size, By Technology, By Value, 2019-2030
- Table 3 Europe Solar PV Market Size, By Grid, By Value, 2019-2030
- Table 4 Europe Solar PV Market Size, By Application, By Value, 2019-2030
- Table 5 Europe Solar PV Market Size, By Installation, By Value, 2019-2030
- Table 6 Europe Solar PV Market Size, By Coverage , By Value, 2019-2030
- Table 7 Europe Solar PV Market Size, By Country, By Value, 2019-2030
- Table 8 Germany Solar PV Market Size, By Value (USD Billion), 2019-2030
- Table 9 Germany Solar PV Market Size, By Technology, By Value, 2019-2030
- Table 10 Germany Solar PV Market Size, By Grid, By Value, 2019-2030
- Table 11 Germany Solar PV Market Size, By Application, By Value, 2019-2030
- Table 12 Germany Solar PV Market Size, By Installation, By Value, 2019-2030
- Table 13 Germany Solar PV Market Size, By Coverage , By Value, 2019-2030
- Table 14 United Kingdom Solar PV Market Size, By Value (USD Billion), 2019-2030
- Table 15 United Kingdom Solar PV Market Size, By Technology, By Value, 2019-2030
- Table 16 United Kingdom Solar PV Market Size, By Grid, By Value, 2019-2030
- Table 17 United Kingdom Solar PV Market Size, By Application, By Value, 2019-2030
- Table 18 United Kingdom Solar PV Market Size, By Installation, By Value, 2019-2030
- Table 19 United Kingdom Solar PV Market Size, By Coverage , By Value, 2019-2030
- Table 20 Italy Solar PV Market Size, By Value (USD Billion), 2019-2030
- Table 21 Italy Solar PV Market Size, By Technology, By Value, 2019-2030
- Table 22 Italy Solar PV Market Size, By Grid, By Value, 2019-2030
- Table 23 Italy Solar PV Market Size, By Application, By Value, 2019-2030
- Table 24 Italy Solar PV Market Size, By Installation, By Value, 2019-2030
- Table 25 Italy Solar PV Market Size, By Coverage , By Value, 2019-2030
- Table 26 France Solar PV Market Size, By Value (USD Billion), 2019-2030
- Table 27 France Solar PV Market Size, By Technology, By Value, 2019-2030
- Table 28 France Solar PV Market Size, By Grid, By Value, 2019-2030
- Table 29 France Solar PV Market Size, By Application, By Value, 2019-2030
- Table 30 France Solar PV Market Size, By Installation, By Value, 2019-2030
- Table 31 France Solar PV Market Size, By Coverage , By Value, 2019-2030
- Table 32 Spain Solar PV Market Size, By Value (USD Billion), 2019-2030
- Table 33 Spain Solar PV Market Size, By Technology, By Value, 2019-2030
- Table 34 Spain Solar PV Market Size, By Grid, By Value, 2019-2030
- Table 35 Spain Solar PV Market Size, By Application , By Value, 2019-2030
- Table 36 Spain Solar PV Market Size, By Installation , By Value, 2019-2030
- Table 37 Spain Solar PV Market Size, By Coverage , By Value, 2019-2030
- Table 38 Belgium Solar PV Market Size, By Value (USD Billion), 2019-2030
- Table 39 Belgium Solar PV Market Size, By Technology, By Value, 2019-2030
- Table 40 Belgium Solar PV Market Size, By Grid, By Value, 2019-2030
- Table 41 Belgium Solar PV Market Size, By Application , By Value, 2019-2030
- Table 42 Belgium Solar PV Market Size, By Installation , By Value, 2019-2030
- Table 43 Belgium Solar PV Market Size, By Coverage , By Value, 2019-2030
- Table 44 Russia Solar PV Market Size, By Value (USD Billion), 2019-2030
- Table 45 Russia Solar PV Market Size, By Technology, By Value, 2019-2030
- Table 46 Russia Solar PV Market Size, By Grid, By Value, 2019-2030
- Table 47 Russia Solar PV Market Size, By Application , By Value, 2019-2030
- Table 48 Russia Solar PV Market Size, By Installation , By Value, 2019-2030
- Table 49 Russia Solar PV Market Size, By Coverage , By Value, 2019-2030
- Table 50 The Netherlands Solar PV Market Size, By Value (USD Billion), 2019-2030
- Table 51 The Netherlands Solar PV Market Size, By Technology, By Value, 2019-2030
- Table 52 The Netherlands Solar PV Market Size, By Grid, By Value, 2019-2030
- Table 53 The Netherlands Solar PV Market Size, By Application, By Value, 2019-2030
- Table 54 The Netherlands Solar PV Market Size, By Installation, By Value, 2019-2030
- Table 55 The Netherlands Solar PV Market Size, By Coverage , By Value, 2019-2030
- Table 56 Rest of Europe Solar PV Market Size, By Value (USD Billion), 2019-2030
- Table 57 Rest of Europe Solar PV Market Size, By Technology, By Value, 2019-2030
- Table 58 Rest of Europe Solar PV Market Size, By Grid, By Value, 2019-2030
- Table 59 Rest of Europe Solar PV Market Size, By Application, By Value, 2019-2030
- Table 60 Rest of Europe Solar PV Market Size, By Installation, By Value, 2019-2030
- Table 61 Rest of Europe Solar PV Market Size, By Coverage , By Value, 2019-2030
- Table 62 Hanwha Q Cells Company Overview
- Table 63 Hanwha Q Cells Financial Overview
- Table 64 REC Group Company Overview
- Table 65 REC Group Financial Overview
- Table 66 Meyer Burger Company Overview
- Table 67 Meyer Burger Financial Overview
- Table 68 SMA Solar Technology AG Company Overview
- Table 69 SMA Solar Technology AG Financial Overview
- Table 70 JinkoSolar Company Overview
- Table 71 JinkoSolar Financial Overview
- Table 72 JA Solar Company Overview
- Table 73 JA Solar Financial Overview
- Table 74 Trina Solar Company Overview
- Table 75 Trina Solar Financial Overview
- Table 76 LONGi Solar Company Overview
- Table 77 LONGi Solar Financial Overview
- Table 78 SolarEdge Technologies Company Overview
- Table 79 SolarEdge Technologies Financial Overview
