The global market value of solar energy systems stood at roughly 175 billion U.S. dollars in 2023 and is forecast to reach over 530 billion U.S. dollars in 2031. Solar panels and batteries accounted for the largest shares of the market in 2023.
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 component
(in billion U.S. dollars)
Characteristic
Solar panels
Charge controllers
Batteries
Inverters
Others
-
-
-
-
-
-
-
-
-
-
-
-
Exclusive Premium Statistic
To access all Premium Statistics, you need a paid Statista Account
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 solar energy systems worldwide in 2023, with a forecast for 2031, by component (in billion U.S. dollars) [Graph]. In Statista. Retrieved August 24, 2024, from https://www.statista.com/statistics/1456898/global-market-size-solar-energy-systems-by-component/
Extrapolate. "Market value of solar energy systems worldwide in 2023, with a forecast for 2031, by component (in billion U.S. dollars)." Chart. March 11, 2024. Statista. Accessed August 24, 2024. https://www.statista.com/statistics/1456898/global-market-size-solar-energy-systems-by-component/
Extrapolate. (2024). Market value of solar energy systems worldwide in 2023, with a forecast for 2031, by component (in billion U.S. dollars). Statista. Statista Inc.. Accessed: August 24, 2024. https://www.statista.com/statistics/1456898/global-market-size-solar-energy-systems-by-component/
Extrapolate. "Market Value of Solar Energy Systems Worldwide in 2023, with a Forecast for 2031, by Component (in Billion U.S. Dollars)." Statista, Statista Inc., 11 Mar 2024, https://www.statista.com/statistics/1456898/global-market-size-solar-energy-systems-by-component/
Extrapolate, Market value of solar energy systems worldwide in 2023, with a forecast for 2031, by component (in billion U.S. dollars) Statista, https://www.statista.com/statistics/1456898/global-market-size-solar-energy-systems-by-component/ (last visited August 24, 2024)
Market value of solar energy systems worldwide in 2023, with a forecast for 2031, by component (in billion U.S. dollars) [Graph], Extrapolate, March 11, 2024. [Online]. Available: https://www.statista.com/statistics/1456898/global-market-size-solar-energy-systems-by-component/