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)
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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 December 22, 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 December 22, 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: December 22, 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 December 22, 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/
