The global market value of solar energy systems stood at roughly 179 billion U.S. dollars in 2023 and is forecast to reach over 530 billion U.S. dollars in 2031. Asia-Pacific was the region with the highest market value in 2023 and is projected to account for roughly 60 percent of the market in 2031.
More information about the global market for solar energy systems can be found here.
Market value of solar energy systems worldwide in 2023, with a forecast for 2031, by region
(in billion U.S. dollars)
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Extrapolate. (March 11, 2024). Market value of solar energy systems worldwide in 2023, with a forecast for 2031, by region (in billion U.S. dollars) [Graph]. In Statista. Retrieved January 08, 2025, from https://www.statista.com/statistics/1456896/global-market-size-solar-energy-systems-by-region/
Extrapolate. "Market value of solar energy systems worldwide in 2023, with a forecast for 2031, by region (in billion U.S. dollars)." Chart. March 11, 2024. Statista. Accessed January 08, 2025. https://www.statista.com/statistics/1456896/global-market-size-solar-energy-systems-by-region/
Extrapolate. (2024). Market value of solar energy systems worldwide in 2023, with a forecast for 2031, by region (in billion U.S. dollars). Statista. Statista Inc.. Accessed: January 08, 2025. https://www.statista.com/statistics/1456896/global-market-size-solar-energy-systems-by-region/
Extrapolate. "Market Value of Solar Energy Systems Worldwide in 2023, with a Forecast for 2031, by Region (in Billion U.S. Dollars)." Statista, Statista Inc., 11 Mar 2024, https://www.statista.com/statistics/1456896/global-market-size-solar-energy-systems-by-region/
Extrapolate, Market value of solar energy systems worldwide in 2023, with a forecast for 2031, by region (in billion U.S. dollars) Statista, https://www.statista.com/statistics/1456896/global-market-size-solar-energy-systems-by-region/ (last visited January 08, 2025)
Market value of solar energy systems worldwide in 2023, with a forecast for 2031, by region (in billion U.S. dollars) [Graph], Extrapolate, March 11, 2024. [Online]. Available: https://www.statista.com/statistics/1456896/global-market-size-solar-energy-systems-by-region/
