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    Europe Photovoltaic Market

    ID: MRFR/E&P/52980-HCR
    200 Pages
    Chitranshi Jaiswal
    September 2025

    Europe Photovoltaic Market Research Report By Type (Organic PV, Inorganic PV) and By Regional (Germany, UK, France, Russia, Italy, Spain, Rest of Europe)-Forecast to 2035

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    Europe Photovoltaic Market Infographic
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    Europe Photovoltaic Market Summary

    The Europe Photovoltaic market is projected to grow from 30.1 USD Billion in 2024 to 58.2 USD Billion by 2035.

    Key Market Trends & Highlights

    Europe Photovoltaic Key Trends and Highlights

    • The market is expected to experience a compound annual growth rate of 6.16 percent from 2025 to 2035.
    • By 2035, the Europe Photovoltaic market is anticipated to reach a valuation of 58.2 USD Billion.
    • In 2024, the market valuation stands at 30.1 USD Billion, indicating a robust growth trajectory.
    • Growing adoption of renewable energy technologies due to increasing environmental regulations is a major market driver.

    Market Size & Forecast

    2024 Market Size 30.1 (USD Billion)
    2035 Market Size 58.2 (USD Billion)
    CAGR (2025-2035) 6.16%

    Major Players

    SolarEdge Technologies, Trina Solar, Canadian Solar, Talesun Solar, Risen Energy, SunPower, First Solar, Enphase Energy, LONGi Green Energy, SMA Solar Technology, Q CELLS, JinkoSolar, Vikram Solar, JA Solar

    Europe Photovoltaic Market Trends

    This policy framework aims to make Europe the first climate-neutral continent by 2050, which directly stimulates investments in solar energy technologies. Additionally, supportive government policies, such as feed-in tariffs and tax incentives for solar installations, are encouraging both residential and commercial uptake of photovoltaic systems.

    This trend reflects a growing awareness of energy independence and sustainability, leading to increased adoption of solar photovoltaic systems. As urbanization continues in India, areas with high energy demand are integrating solar solutions to meet their power needs, creating a robust market landscape. Opportunities exist in various sectors, particularly in storage technology and grid integration.

    The rise of electric vehicles in India also presents a synergy with solar power, as charging infrastructure can be powered by renewable energy, further promoting solar adoption. Innovations in photovoltaic technology, including higher efficiency panels and integration with smart grid systems, could unlock more avenues for growth.Overall, the interplay of supportive governmental policies, increased adoption of sustainable practices, and evolving technologies is shaping a dynamic future for the photovoltaic market in India, making it a critical area for investment and development.

     

       

    Market Segment Insights

    Photovoltaic Market Type Insights

    Photovoltaic Market Type Insights

    The Europe Photovoltaic Market is experiencing noteworthy growth across various segments, particularly focusing on the Type segment, which encompasses Organic Photovoltaic (OPV) and Inorganic Photovoltaic technologies. This market is being driven by increasing demand for renewable energy sources, supported by government initiatives aimed at reducing carbon emissions and enhancing energy sustainability. As a result, the market is witnessing a shift towards diverse energy solutions that cater to both residential and commercial sectors.

    Organic Photovoltaic technology is gaining traction due to its lightweight, flexible nature and potential for low-cost manufacturing, making it particularly appealing for applications in diverse environments, such as in building-integrated photovoltaics and portable electronics. The ability to produce organic panels with unique aesthetic qualities further serves to enhance their market appeal, highlighting their potential as a growing segment within the Europe Photovoltaic Market.

    On the other hand, Inorganic Photovoltaic technology, which includes well-established silicon-based solutions, remains a significant player in the market due to its high efficiency, reliability, and established infrastructure for production and installation. This segment often dominates the photovoltaic landscape due to widespread adoption and ongoing advancements aimed at improving the performance and reducing production costs of crystalline silicon panels, as well as innovations in thin-film technologies.

    Both segments exhibit significant growth opportunities driven by technological advancements, decreasing costs, and a strong push from European governments towards sustainable energy solutions. This growing emphasis on clean energy presents numerous opportunities for market players, fostering increased R&D efforts to explore improvements and efficiencies in photovoltaic technologies. The combination of both Organic and Inorganic technologies represents a dynamic balance in meeting the diverse energy needs of Europe’s transitioning energy landscape, ultimately contributing to the region's ambitious environmental targets and sustainable development goals.

    Get more detailed insights about Europe Photovoltaic Market Research Report-Forecast to 2035

    Regional Insights

    The Europe Photovoltaic Market showcases a diversified landscape across various regions, reflecting unique growth potentials and current standings. Germany dominates the sector, being a trailblazer in photovoltaic installations, significantly contributing to the overall market due to its strong policy support and technological advancements.

    The UK follows with substantial investments and growing interest in renewable energy sources, showcasing an upward trend in market developments. France is emerging steadily, influenced by government initiatives aimed at increasing renewable energy generation.Russia holds potential as a growing player, with an expanding interest in solar energy, capitalizing on its vast land area for installations. Italy and Spain contribute to the market as well, benefiting from favorable climatic conditions for solar energy generation, which enhances their photovoltaic adoption.

    Each of these regions presents distinctive opportunities and challenges driven by individual government policies, market demands, and technological innovations. The overall regional dynamics indicate a promising trajectory for the Europe Photovoltaic Market, propelled by an increasing focus on sustainable energy approaches and a collective shift towards greener practices across the continent.

    Europe Photovoltaic Market Region   

    Source: Primary Research, Secondary Research, Market Research Future Database and Analyst Review

    Key Players and Competitive Insights

    The Europe Photovoltaic Market has witnessed significant growth over the years, driven by a combination of government policies, increasing environmental awareness, and technological advancements in solar energy solutions. This market is characterized by intense competition among key players striving to develop innovative products that cater to the diverse needs of consumers. With the European Union’s commitment to achieving climate neutrality, photovoltaic companies are strategically positioning themselves to take advantage of growing demand for renewable energy sources.

    In this dynamic landscape, competitive insights reveal how market players differentiate themselves through unique product offerings, pricing strategies, and sustainable practices to capture market share effectively.SolarEdge Technologies has established a noteworthy presence in the Europe Photovoltaic Market, recognized for its advanced inverter systems and solar power optimization solutions.

    The company leverages its innovative technology to enhance energy production and improve system performance, thereby gaining considerable traction among both residential and commercial consumers. SolarEdge Technologies excels in offering reliable products that lead the market in efficiency and ease of use, which have become crucial factors for adoption in the increasingly competitive European market.

    The company has cultivated strong partnerships with various distributors and installers across Europe, enabling it to expand its reach and strengthen its brand awareness in the region. Through consistent research and development efforts, SolarEdge continues to enhance its product portfolio, ensuring that it remains at the forefront of photovoltaic technology.Trina Solar has also carved out a significant niche within the Europe Photovoltaic Market with its extensive range of solar products, including high-efficiency solar panels and energy storage solutions.

    The company is known for its commitment to research and innovation, continuously improving its products to meet the stringent energy demands and regulatory requirements of the European market. Trina Solar enjoys robust market presence, thanks to its established supply chain and partnerships with major installers and retailers in various European countries.

    The company's strengths lie in its strong manufacturing capabilities, competitive pricing, and exemplary customer service. Moreover, Trina Solar has been active in strategic mergers and acquisitions that have helped to bolster its product offerings and market position in Europe. It has also engaged in sustainability initiatives that align with the region's commitment to renewable energy, effectively improving its competitive edge in the PV landscape.

    Key Companies in the Europe Photovoltaic Market market include

    Industry Developments

    Recent developments in the Europe Photovoltaic Market indicate a strong push toward sustainability and renewable energy to meet climate goals. In Europe, SolarEdge Technologies has been expanding its manufacturing footprint, partnering with local companies to bolster the supply chain amid rising demand. Trina Solar and Canadian Solar reported significant increases in their production capacities, contributing to a market growth rate of over 20% in 2023.

    Enphase Energy and LONGi Green Energy are also advancing technologies that enhance solar panel efficiency, which aligns with the European Union's target of reaching 75% renewable energy by 2030. Notably, a merger was announced in March 2023 involving Risen Energy acquiring a European solar project developer, aimed at increasing their project pipeline in the region. Current affairs also include policy changes by various European governments endorsing incentives for solar energy, enhancing investment potential.

    The combined market valuation of leading companies like JinkoSolar, JA Solar, and First Solar has seen a rise due to favorable regulatory environments and public awareness, indicating a robust response to climate-related initiatives over the past few years, especially following the European Green Deal launched in January 2020.

    Market Segmentation

    Photovoltaic Market Type Outlook

    • Organic PV
    • Inorganic PV

    Photovoltaic Market Regional Outlook

    • Germany
    • UK
    • France
    • Russia
    • Italy
    • Spain
    • Rest of Europe

    Report Scope

     
    Report Attribute/Metric Source: Details
    MARKET SIZE 2023 28.5(USD Billion)
    MARKET SIZE 2024 30.15(USD Billion)
    MARKET SIZE 2035 58.17(USD Billion)
    COMPOUND ANNUAL GROWTH RATE (CAGR) 6.156% (2025 - 2035)
    REPORT COVERAGE Revenue Forecast, Competitive Landscape, Growth Factors, and Trends
    BASE YEAR 2024
    MARKET FORECAST PERIOD 2025 - 2035
    HISTORICAL DATA 2019 - 2024
    MARKET FORECAST UNITS USD Billion
    KEY COMPANIES PROFILED SolarEdge Technologies, Trina Solar, Canadian Solar, Talesun Solar, Risen Energy, SunPower, First Solar, Enphase Energy, LONGi Green Energy, SMA Solar Technology, Q CELLS, JinkoSolar, Vikram Solar, JA Solar
    SEGMENTS COVERED Type, Regional
    KEY MARKET OPPORTUNITIES Rising government incentives and subsidies, Increasing demand for renewable energy, Advancements in solar technology efficiency, Integration with energy storage solutions, Growth in residential solar installations
    KEY MARKET DYNAMICS Growing renewable energy demand, Government incentives and subsidies, Technological advancements in efficiency, Increased competition among manufacturers, Regulatory frameworks and policies
    COUNTRIES COVERED Germany, UK, France, Russia, Italy, Spain, Rest of Europe

    FAQs

    What is the expected market size of the Europe Photovoltaic Market in 2024?

    The market size of the Europe Photovoltaic Market is expected to be valued at 30.15 USD Billion in 2024.

    What is the projected market growth rate for the Europe Photovoltaic Market from 2025 to 2035?

    The expected compound annual growth rate (CAGR) for the Europe Photovoltaic Market from 2025 to 2035 is 6.156%.

    Which country is expected to have the largest market share in the Europe Photovoltaic Market by 2035?

    Germany is expected to have the largest market share, with a value of 20.0 USD Billion by 2035.

    What is the market valuation for Organic PV in 2035?

    The Organic PV segment is valued at 23.15 USD Billion in 2035.

    What is the market valuation for Inorganic PV in 2024?

    The Inorganic PV segment is expected to be valued at 18.1 USD Billion in 2024.

    Who are the key players in the Europe Photovoltaic Market?

    Major players include SolarEdge Technologies, Trina Solar, Canadian Solar, and First Solar among others.

    What is the expected market size for the UK in 2035?

    The market size for the UK is projected to be 14.0 USD Billion in 2035.

    How much is the France Photovoltaic Market expected to be worth in 2024?

    The France Photovoltaic Market is expected to be valued at 5.0 USD Billion in 2024.

    What is the market forecast for the Russia segment in 2035?

    The Russia segment is expected to be valued at 8.0 USD Billion in 2035.

    What are the growth opportunities in the Europe Photovoltaic Market?

    Growth opportunities include increasing demand for renewable energy and advancements in photovoltaic technology.

    Europe Photovoltaic Market Research Report-Forecast to 2035 Infographic
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