The global market value of utility-scale solar energy systems stood at roughly 117.3 billion U.S. dollars in 2023 and is forecast to reach 325.1 billion U.S. dollars in 2031. Overall, the utility-scale segment accounted for roughly 65 percent of the solar energy system market worldwide in 2023.
More information about the global market for solar energy systems can be found here.
Market value of utility-scale solar energy systems worldwide from 2021 to 2023, with a forecast until 2031
(in billion U.S. dollars)
Profit from the additional features of your individual account
Currently, you are using a shared account. To use individual functions (e.g., mark statistics as favourites, set
statistic alerts) please log in with your personal account.
If you are an admin, please authenticate by logging in again.
Learn more about how Statista can support your business.
Extrapolate. (March 11, 2024). Market value of utility-scale solar energy systems worldwide from 2021 to 2023, with a forecast until 2031 (in billion U.S. dollars) [Graph]. In Statista. Retrieved January 08, 2025, from https://www.statista.com/statistics/1456874/global-market-value-utility-scale-solar-energy-systems/
Extrapolate. "Market value of utility-scale 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 08, 2025. https://www.statista.com/statistics/1456874/global-market-value-utility-scale-solar-energy-systems/
Extrapolate. (2024). Market value of utility-scale solar energy systems worldwide from 2021 to 2023, with a forecast until 2031 (in billion U.S. dollars). Statista. Statista Inc.. Accessed: January 08, 2025. https://www.statista.com/statistics/1456874/global-market-value-utility-scale-solar-energy-systems/
Extrapolate. "Market Value of Utility-scale 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/1456874/global-market-value-utility-scale-solar-energy-systems/
Extrapolate, Market value of utility-scale solar energy systems worldwide from 2021 to 2023, with a forecast until 2031 (in billion U.S. dollars) Statista, https://www.statista.com/statistics/1456874/global-market-value-utility-scale-solar-energy-systems/ (last visited January 08, 2025)
Market value of utility-scale 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/1456874/global-market-value-utility-scale-solar-energy-systems/