Top Solar PV Companies

Solar PV Market size was valued at USD 133.44 Billion in 2024 and is poised to grow from USD 157.99 Billion in 2025 to USD 610.16 Billion by 2033, growing at a CAGR of 18.4% during the forecast period (2026–2033).

The global solar PV market is highly competitive with innovation and market share expansion being led by key players. Some of the major players include First Solar, JinkoSolar, Trina Solar, SunPower, and LONGi Green Energy. Such firms are keen on innovations in technology, cost reduction, and strategic collaborations to sustain market leadership in manufacturing, installation, and system integration. Government policies and the rivalry among the competitors speed up the global shift to solar energy solutions, thereby expanding the market and the pace of innovation. 'LONGi Green Energy Technology (China) ', 'JinkoSolar Holding Co., Ltd. (China) ', 'Trina Solar Limited (China) ', 'Canadian Solar Inc. (Canada) ', 'First Solar, Inc. (USA) ', 'JA Solar Technology Co., Ltd. (China) ', 'Hanwha Q CELLS (South Korea) ', 'Risen Energy Co., Ltd. (China) ', 'Seraphim Solar System Co., Ltd. (China) ', 'SunPower Corporation (USA) ', 'GCL System Integration Technology Co., Ltd. (China) ', 'Talesun Solar Technologies (China) ', 'Chint Solar (Astronergy) (China) ', 'Suntech Power Holdings Co., Ltd. (China) ', 'REC Solar Holdings AS (Norway) ', 'LG Electronics Inc. (South Korea) ', 'Panasonic Corporation (Japan) ', 'Sharp Corporation (Japan) ', 'Mitsubishi Electric Corporation (Japan) ', 'Kyocera Corporation (Japan) '

An essential aspect driving the global solar PV market growth is the major reduction in the cost of the solar panels and installation. Increased technological advancement, economies of scale, and a rise in competitiveness among manufacturers lead to cheaper solutions for solar that make renewable energy more accessible for businesses, homeowners, and governments across the globe.

Growth of Bifacial Solar Panels: Bifacial solar panels capture sunlight on both sides of the panel. With the growing energy yield, these solar panels have started to attract people's attention, primarily due to the technological development in efficiency improvement and cost reduction. Bifacial panels are nowadays widely applied in large projects for higher returns on investment from solar installations.

Asia Pacific is dominating the global solar PV market due to its rapid economic growth, high solar irradiance, and strong government support for renewable energy adoption. China, India, and Japan have all set significant amounts for investing in the infrastructure of solar, and all are due to rising energy needs as well as cutting down on carbon emissions. China is ahead in production and installation, taking advantage of its large-scale manufacturing capabilities and favorable policies. Furthermore, the region's growing interest in sustainable energy solutions, along with decreasing costs and technological advancements, cements Asia Pacific's position as a leader in the global solar PV market outlook.