The global market value of residential solar systems stood at roughly 26.8 billion U.S. dollars in 2023 and is forecast to reach 91.7 billion U.S. dollars in 2031. Overall, the residential segment accounted for roughly 15 percent of the solar energy systems market worldwide in 2023.
More information about the global market for solar energy systems can be found here.
Market value of residential solar energy systems worldwide from 2021 to 2023, with a forecast until 2031
(in billion U.S. dollars)
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Extrapolate. (March 11, 2024). Market value of residential solar energy systems worldwide from 2021 to 2023, with a forecast until 2031 (in billion U.S. dollars) [Graph]. In Statista. Retrieved January 06, 2025, from https://www.statista.com/statistics/1456848/global-market-value-residential-solar-systems/
Extrapolate. "Market value of residential solar energy systems worldwide from 2021 to 2023, with a forecast until 2031 (in billion U.S. dollars)." Chart. March 11, 2024. Statista. Accessed January 06, 2025. https://www.statista.com/statistics/1456848/global-market-value-residential-solar-systems/
Extrapolate. (2024). Market value of residential solar energy systems worldwide from 2021 to 2023, with a forecast until 2031 (in billion U.S. dollars). Statista. Statista Inc.. Accessed: January 06, 2025. https://www.statista.com/statistics/1456848/global-market-value-residential-solar-systems/
Extrapolate. "Market Value of Residential Solar Energy Systems Worldwide from 2021 to 2023, with a Forecast until 2031 (in Billion U.S. Dollars)." Statista, Statista Inc., 11 Mar 2024, https://www.statista.com/statistics/1456848/global-market-value-residential-solar-systems/
Extrapolate, Market value of residential solar energy systems worldwide from 2021 to 2023, with a forecast until 2031 (in billion U.S. dollars) Statista, https://www.statista.com/statistics/1456848/global-market-value-residential-solar-systems/ (last visited January 06, 2025)
Market value of residential solar energy systems worldwide from 2021 to 2023, with a forecast until 2031 (in billion U.S. dollars) [Graph], Extrapolate, March 11, 2024. [Online]. Available: https://www.statista.com/statistics/1456848/global-market-value-residential-solar-systems/
