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PUBLISHER: Grand View Research | PRODUCT CODE: 1588698
PUBLISHER: Grand View Research | PRODUCT CODE: 1588698
Europe Residential Solar PV Panels Market Size, Share & Trends Analysis Report, By Technology (Thin Film, Crystalline Silicon), By Grid Type, By Country, And Segment Forecasts, 2025 - 2030
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Europe Residential Solar PV Panels Market Growth & Trends:
The Europe residential solar PV panels market size is expected to reach USD 62.33 billion by 2030, according to a new report by Grand View Research, Inc. The market is anticipated to expand at a CAGR of 7.6% from 2025 to 2030 Rising concerns over carbon gas emissions caused by power generation and the transition from nonrenewable energy to renewable energy are expected to result in a surge in the demand for residential solar energy and panels in Europe over the forecast period.
According to the European Commission, the price of solar PV panels decreased by 75% from 2009 to 2019 while the market demand grew. The cost of solar PV modules fell from USD 2.4 per watt to USD 0.4 per watt. The prices are projected to further decline during the forecast period. The demand for solar PV panels for residential use has been increasing owing to the rising costs of oil and gas and decreasing costs of solar PV panels, making them attractive to homeowners.
The growth of the thin film technology segment of the market can be attributed to the increased usage in commercial and utility-scale projects as these lightweight panels have reduced installation costs. The efficiency of thin-film modules is less compared to crystalline solar panels so the panels are installed in homes where large rooftops are available and where economies of scale can be achieved.
The on-grid segment dominated the market due to low operating costs as the excess electricity generated by them is transmitted to grids. The solar power generation systems being connected to the grid can transfer excess energy to the grid and do not require the installation of battery storage solutions in the house. On-grid solar PV panel installation is used in the residential sector as the government incentive schemes for solar PV installations require them to be connected to the grid. These reasons are expected to drive the growth of the market over the forecast period.
The government of France has implemented various incentive schemes to promote the use of solar PV panels for residential use as a part of its energy transition process from fossil fuels. The country provides preferential loans to homeowners who want to install solar PV panel systems in their houses.
The U.K. government has set a net-zero electricity grid target by 2035 and plans to stop using fossil fuels for energy generation. The country has been issuing favorable policies to achieve this target. In January 2022, the government of the U.K. reduced the tax on solar PV panels and other renewable power generation products to promote the adoption of solar PV panels for residential applications. The value-added tax was reduced by 5% for the installation of residential solar PV panel systems.
The global spread of the COVID-19 disrupted supply chains and sharply curtailed demand for commodities worldwide. The restrictions imposed on the supply and transportation owing to slowing down or halting of operations of factories due to partial or complete lockdowns in different countries to contain the spread of coronavirus negatively impacted the growth of the Europe residential solar PV panels industry.
Europe Residential Solar PV Panels Market Report Highlights:
- In 2024, the thin film technology segment held the largest revenue share of 48.03% in 2024. The dominance can be attributed due to its narrow design, strong durability, and manufacturing from flexible & lightweight materials. Thin-film solar PV panels find major application in commercial and utility-scale projects as these lightweight panels have reduced installation costs
- The on-grid type segment accounted for a revenue share of 95.30% in 2024. The dominant position of the segment can be attributed to the low operating cost of the on-grid system and grid-connected PV systems being able to transfer energy through the grid coupled with their non-complexity
- The U.K. held the largest revenue share of 16.67% in 2024. Factors including reducing dependence on oil and gas for energy production and promotion of small-scale solar PV panel installation for self-consumption for end users are projected to drive the adoption of the solar PV panels for residential applications over the forecast period
Product Code: GVR-4-68039-966-3
Table of Contents
Chapter 1. Methodology and Scope
- 1.1. Market Segmentation & Scope
- 1.2. Market Definition
- 1.3. Information Procurement
- 1.3.1. Purchased Database
- 1.3.2. GVR's Internal Database
- 1.3.3. Secondary Projects & Third-Party Perspectives
- 1.3.4. Primary Research
- 1.4. Information Analysis
- 1.4.1. Data Analysis Models
- 1.5. Market Formulation & Data Visualization
- 1.6. Data Validation & Publishing
- 1.7. List of Abbreviations
Chapter 2. Executive Summary
- 2.1. Market Outlook, 2023 (USD Million)
- 2.2. Segmental Outlook
- 2.3. Competitive Landscape Snapshot
Chapter 3. Europe Residential Solar PV Panels Market Variables, Trends, and Scope
- 3.1. Market Lineage Outlook
- 3.2. Penetration & Growth Prospects Mapping
- 3.3. Industry Value Chain Analysis
- 3.4. Regulatory Framework
- 3.4.1. Standards & Compliances
- 3.4.2. Regulatory Impact Analysis
- 3.5. Market Dynamics
- 3.5.1. Market Driver Analysis
- 3.5.2. Market Restraint Analysis
- 3.5.3. Market Challenges Analysis
- 3.5.4. Market Opportunity Analysis
- 3.6. Business Environment Analysis
- 3.6.1. Industry analysis - porter's five forces analysis
- 3.6.2. Industry analysis - Pestle analysis
Chapter 4. Europe Residential Solar PV Panels Market: Technology Estimates & Trend Analysis
- 4.1. Technology Movement Analysis & Market Share, 2024 & 2030
- 4.2. Thin Film
- 4.2.1. Market estimates and forecasts, 2018 - 2030 (USD Million)
- 4.3. Crystalline Silicon
- 4.3.1. Market estimates and forecasts, 2018 - 2030 (USD Million)
- 4.4. Others
- 4.4.1. Market estimates and forecasts, 2018 - 2030 (USD Million)
Chapter 5. Europe Residential Solar PV Panels Market: Grid Type Estimates & Trend Analysis
- 5.1. Grid Type Movement Analysis & Market Share, 2024 & 2030
- 5.2. On Grid
- 5.2.1. Market estimates and forecasts, 2018 - 2030 (USD Million)
- 5.3. Off Grid
- 5.3.1. Market estimates and forecasts, 2018 - 2030 (USD Million)
Chapter 6. Europe Residential Solar PV Panels Market: Regional Estimates & Trend Analysis
- 6.1. Key Takeaways
- 6.2. Regional Movement Analysis & Market Share, 2024 & 2030
- 6.3. Europe
- 6.3.1. Market estimates and forecasts, 2018 - 2030 (USD Million)
- 6.3.1.1. Market estimates and forecasts, 2018 - 2030 (USD Million)
- 6.3.1.2. Market estimates and forecasts, by Technology, 2018 - 2030 (USD Million)
- 6.3.1.3. Market estimates and forecasts, by Grid Type, 2018 - 2030 (USD Million)
- 6.3.2. France
- 6.3.2.1. Market estimates and forecasts, 2018 - 2030 (USD Million)
- 6.3.2.2. Market estimates and forecasts, by Technology, 2018 - 2030 (USD Million)
- 6.3.2.3. Market estimates and forecasts, by Grid Type, 2018 - 2030 (USD Million)
- 6.3.3. Italy
- 6.3.3.1. Market estimates and forecasts, 2018 - 2030 (USD Million)
- 6.3.3.2. Market estimates and forecasts, by Technology, 2018 - 2030 (USD Million)
- 6.3.3.3. Market estimates and forecasts, by Grid Type, 2018 - 2030 (USD Million)
- 6.3.4. Spain
- 6.3.4.1. Market estimates and forecasts, 2018 - 2030 (USD Million)
- 6.3.4.2. Market estimates and forecasts, by Technology, 2018 - 2030 (USD Million)
- 6.3.4.3. Market estimates and forecasts, by Grid Type, 2018 - 2030 (USD Million)
- 6.3.5. UK
- 6.3.5.1. Market estimates and forecasts, 2018 - 2030 (USD Million)
- 6.3.5.2. Market estimates and forecasts, by Technology, 2018 - 2030 (USD Million)
- 6.3.5.3. Market estimates and forecasts, by Grid Type, 2018 - 2030 (USD Million)
- 6.3.6. Germany
- 6.3.6.1. Market estimates and forecasts, 2018 - 2030 (USD Million)
- 6.3.6.2. Market estimates and forecasts, by Technology, 2018 - 2030 (USD Million)
- 6.3.6.3. Market estimates and forecasts, by Grid Type, 2018 - 2030 (USD Million)
- 6.3.7. Poland
- 6.3.7.1. Market estimates and forecasts, 2018 - 2030 (USD Million)
- 6.3.7.2. Market estimates and forecasts, by Technology, 2018 - 2030 (USD Million)
- 6.3.7.3. Market estimates and forecasts, by Grid Type, 2018 - 2030 (USD Million)
- 6.3.8. Portugal
- 6.3.8.1. Market estimates and forecasts, 2018 - 2030 (USD Million)
- 6.3.8.2. Market estimates and forecasts, by Technology, 2018 - 2030 (USD Million)
- 6.3.8.3. Market estimates and forecasts, by Grid Type, 2018 - 2030 (USD Million)
- 6.3.9. Belgium
- 6.3.9.1. Market estimates and forecasts, 2018 - 2030 (USD Million)
- 6.3.9.2. Market estimates and forecasts, by Technology, 2018 - 2030 (USD Million)
- 6.3.9.3. Market estimates and forecasts, by Grid Type, 2018 - 2030 (USD Million)
- 6.3.1. Market estimates and forecasts, 2018 - 2030 (USD Million)
Chapter 7. Competitive Landscape
- 7.1. Key Players & Recent Developments & Their Impact on the Industry
- 7.2. Key Company/Competition Categorization (Key innovators, Market leaders, emerging players)
- 7.3. List of key Component Suppliers and Channel Partners
- 7.4. Company Market Share & Position Analysis, 2024
- 7.5. Company Heat Map Analysis
- 7.6. Competitive Dashboard Analysis
- 7.7. Strategy Mapping
- 7.7.1. Expansion
- 7.7.2. Collaboration/ Partnerships/ Agreements
- 7.7.3. New Technology launches
- 7.7.4. Mergers & Acquisitions
- 7.7.5. Research & Development
- 7.7.6. Others
- 7.8. Company Listing / Profiles
- 7.8.1. DAIKIN INDUSTRIES, Ltd.
- 7.8.1.1. Company Overview
- 7.8.1.2. Financial Performance
- 7.8.1.3. Product Benchmarking
- 7.8.2. E.ON UK plc
- 7.8.2.1. Company Overview
- 7.8.2.2. Financial Performance
- 7.8.2.3. Product Benchmarking
- 7.8.3. EDF Group
- 7.8.3.1. Company Overview
- 7.8.3.2. Financial Performance
- 7.8.3.3. Product Benchmarking
- 7.8.4. Edison Spa
- 7.8.4.1. Company Overview
- 7.8.4.2. Financial Performance
- 7.8.4.3. Product Benchmarking
- 7.8.5. Enel Spa
- 7.8.5.1. Company Overview
- 7.8.5.2. Financial Performance
- 7.8.5.3. Product Benchmarking
- 7.8.6. ENGIE
- 7.8.6.1. Company Overview
- 7.8.6.2. Financial Performance
- 7.8.6.3. Product Benchmarking
- 7.8.7. ENI Group
- 7.8.7.1. Company Overview
- 7.8.7.2. Financial Performance
- 7.8.7.3. Product Benchmarking
- 7.8.8. Jinko Solar
- 7.8.8.1. Company Overview
- 7.8.8.2. Financial Performance
- 7.8.8.3. Product Benchmarking
- 7.8.9. LG Electronics
- 7.8.9.1. Company Overview
- 7.8.9.2. Financial Performance
- 7.8.9.3. Product Benchmarking
- 7.8.10. LONGi
- 7.8.10.1. Company Overview
- 7.8.10.2. Financial Performance
- 7.8.10.3. Product Benchmarking
- 7.8.11. TotalEnergies
- 7.8.11.1. Company Overview
- 7.8.11.2. Financial Performance
- 7.8.11.3. Product Benchmarking
- 7.8.1. DAIKIN INDUSTRIES, Ltd.
Product Code: GVR-4-68039-966-3
List of Tables
- Table 1. Europe Residential Solar PV Panels Market estimates and forecasts, 2018 - 2030 (USD Million)
- Table 2. Europe Residential Solar PV Panels Market estimates and forecasts, by Technology, 2018 - 2030 (USD Million)
- Table 3. Europe Residential Solar PV Panels Market estimates and forecasts, in Thin Film, 2018 - 2030 (USD Million)
- Table 4. Europe Residential Solar PV Panels Market estimates and forecasts, in Crystalline Silicon, 2018 - 2030 (USD Million)
- Table 5. Europe Residential Solar PV Panels Market estimates and forecasts, in Others, 2018 - 2030 (USD Million)
- Table 6. Europe Residential Solar PV Panels Market estimates and forecasts, by Grid Type, 2018 - 2030 (USD Million)
- Table 7. Europe Residential Solar PV Panels Market estimates and forecasts, in On Grid, 2018 - 2030 (USD Million)
- Table 8. Europe Residential Solar PV Panels Market estimates and forecasts, in Off Grid, 2018 - 2030 (USD Million)
- Table 9. France Residential Solar PV Market estimates and forecasts, 2018 - 2030 (USD Million)
- Table 10. France Residential Solar PV Market estimates and forecasts, by Technology, 2018 - 2030 (USD Million)
- Table 11. France Residential Solar PV Market estimates and forecasts, by Grid Type, 2018 - 2030 (USD Million)
- Table 12. Italy Residential Solar PV Market estimates and forecasts, 2018 - 2030 (USD Million)
- Table 13. Italy Residential Solar PV Market estimates and forecasts, by Technology, 2018 - 2030 (USD Million)
- Table 14. Italy Residential Solar PV Market estimates and forecasts, by Grid Type, 2018 - 2030 (USD Million)
- Table 15. Spain Residential Solar PV Market estimates and forecasts, 2018 - 2030 (USD Million)
- Table 16. Spain Residential Solar PV Market estimates and forecasts, by Technology, 2018 - 2030 (USD Million)
- Table 17. Spain Residential Solar PV Market estimates and forecasts, by Grid Type, 2018 - 2030 (USD Million)
- Table 18. UK Residential Solar PV Market estimates and forecasts, 2018 - 2030 (USD Million)
- Table 19. UK Residential Solar PV Market estimates and forecasts, by Technology, 2018 - 2030 (USD Million)
- Table 20. UK Residential Solar PV Market estimates and forecasts, by Grid Type, 2018 - 2030 (USD Million)
- Table 21. Germany Residential Solar PV Market estimates and forecasts, 2018 - 2030 (USD Million)
- Table 22. Germany Residential Solar PV Market estimates and forecasts, by Technology, 2018 - 2030 (USD Million)
- Table 23. Germany Residential Solar PV Market estimates and forecasts, by Grid Type, 2018 - 2030 (USD Million)
- Table 24. Poland Residential Solar PV Market estimates and forecasts, 2018 - 2030 (USD Million)
- Table 25. Poland Residential Solar PV Market estimates and forecasts, by Technology, 2018 - 2030 (USD Million)
- Table 26. Poland Residential Solar PV Market estimates and forecasts, by Grid Type, 2018 - 2030 (USD Million)
- Table 27. Portugal Residential Solar PV Market estimates and forecasts, 2018 - 2030 (USD Million)
- Table 28. Portugal Residential Solar PV Market estimates and forecasts, by Technology, 2018 - 2030 (USD Million)
- Table 29. Portugal Residential Solar PV Market estimates and forecasts, by Grid Type, 2018 - 2030 (USD Million)
- Table 30. Belgium Residential Solar PV Market estimates and forecasts, 2018 - 2030 (USD Million)
- Table 31. Belgium Residential Solar PV Market estimates and forecasts, by Technology, 2018 - 2030 (USD Million)
- Table 32. Belgium Residential Solar PV Market estimates and forecasts, by Grid Type, 2018 - 2030 (USD Million)
- Table 33. Recent Developments & Impact Analysis, by Key Market Participants
List of Figures
- Fig. 1. Information procurement
- Fig. 2. Primary research pattern
- Fig. 3. Primary Research Process
- Fig. 4. Market research approaches - Bottom-Up Approach
- Fig. 5. Market research approaches - Top-Down Approach
- Fig. 6. Market research approaches - Combined Approach
- Fig. 7. Europe Residential Solar PV Panels Market- Market Snapshot
- Fig. 8. Europe Residential Solar PV Panels Market- Segment Snapshot
- Fig. 9. Europe Residential Solar PV Panels Market- Competitive Landscape Snapshot
- Fig. 10. Europe Residential Solar PV Panels Market: Value Chain Analysis
- Fig. 11. Europe Residential Solar PV Panels Market: Porter's Five Force Analysis
- Fig. 12. Europe Residential Solar PV Panels Market: PESTLE Analysis
- Fig. 13. Europe Residential Solar PV Panels Market, by Technology: Key takeaways
- Fig. 14. Europe Residential Solar PV Panels Market: Technology Movement Analysis, 2024 & 2030 (USD Million)
- Fig. 15. Thin Film Europe Residential Solar PV Panels Market Estimates & Forecasts, 2018 - 2030 (USD Million)
- Fig. 16. Crystalline Silicon Europe Residential Solar PV Panels Market Estimates & Forecasts, 2018 - 2030 (USD Million)
- Fig. 17. Other Europe Residential Solar PV Panels Market Estimates & Forecasts, 2018 - 2030 (USD Million)
- Fig. 18. Europe Residential Solar PV Panels Market, by Grid Type: Key takeaways
- Fig. 19. Europe Residential Solar PV Panels Market: Grid Type Movement Analysis, 2024 & 2030 (USD Million)
- Fig. 20. On-Grid Europe Residential Solar PV Panels Market Estimates & Forecasts, 2018 - 2030 (USD Million)
- Fig. 21. Off-Grid Europe Residential Solar PV Panels Market Estimates & Forecasts, 2018 - 2030 (USD Million)
- Fig. 22. Europe Residential Solar PV Panels Market: Regional Movement Analysis, 2024 & 2030
- Fig. 23. France Residential Solar PV Market Estimates & Forecasts, 2018 - 2030 (USD Million)
- Fig. 24. Italy Residential Solar PV Market Estimates & Forecasts, 2018 - 2030 (USD Million)
- Fig. 25. Spain Residential Solar PV Market Estimates & Forecasts, 2018 - 2030 (USD Million)
- Fig. 26. UK Residential Solar PV Market Estimates & Forecasts, 2018 - 2030 (USD Million)
- Fig. 27. Germany Residential Solar PV Market Estimates & Forecasts, 2018 - 2030 (USD Million)
- Fig. 28. Poland Residential Solar PV Market Estimates & Forecasts, 2018 - 2030 (USD Million)
- Fig. 29. Portugal Residential Solar PV Market Estimates & Forecasts, 2018 - 2030 (USD Million)
- Fig. 30. Belgium Residential Solar PV Market Estimates & Forecasts, 2018 - 2030 (USD Million)
- Fig. 31. Spain Europe Residential Solar PV Panels Market Estimates & Forecasts, 2018 - 2030 (USD Million)
- Fig. 32. France Europe Residential Solar PV Panels Market Estimates & Forecasts, 2018 - 2030 (USD Million)
- Fig. 33. Europe Residential Solar PV Panels Market: Competitive Dashboard Analysis
- Fig. 34. Europe Residential Solar PV Panels Market: Market Share Analysis, 2023
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