Solar PV Market Report 2025 (Global Edition)

Global Solar PV Market Report 2025 Market Size Split by Type (Crystalline Silicon, Compound Type, Others), by Application (Residential, Commercial, Ground Station)

Solar PV Market Report Description

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Impact of Trumph Tariff on Energy and Power Industry

In 2025, global trade entered a turbulent phase as the U.S., under President Donald Trump, introduced aggressive "Liberation Day Tariffs" to address trade imbalances. These tariffs, ranging from 10% to 46%, heavily impacted the energy and power sector, which relies on global supply chains for critical components like rare earth metals, solar panels, wind turbines, and lithium. The U.S.–China trade war escalated, with reciprocal tariffs and China's trade surplus with the U.S. reaching USD 102.6 billion. Retaliatory tariffs from the EU and Canada further disrupted energy supply chains, raising material costs and causing delays in key projects.

The U.S. imposed a 20% tariff on rare earths, impacting EVs and clean tech; 25% on solar panels, increasing installation costs; 15–25% on wind turbine parts, affecting project timelines; and 10–15% on oil and gas equipment, pushing producers to rethink supply networks. Sub-sectors like renewables, EVs, oil & gas, and power generation are all experiencing rising costs, supply bottlenecks, and delayed investments. For instance, solar and wind projects now face 10–30% higher costs, and EV producers are struggling with battery input inflation.

China remains central to the U.S. energy supply chain, with even indirect imports via countries like Vietnam and Malaysia tightly linked to Chinese inputs. As a result, U.S. energy firms are exploring alternative sourcing from Southeast Asia, Latin America, and domestic production to reduce exposure. However, switching suppliers requires significant investment, coordination, and time.

In this volatile environment, market research is critical. It helps energy firms map supplier risks, track price trends, and explore alternative sourcing. It enables supply chain optimization through AI and predictive analytics, while regulatory tracking and scenario planning allow companies to anticipate future disruptions. Energy firms like NextEra and First Solar are responding by diversifying suppliers, investing in local production, and leveraging digital tools to improve procurement and adapt to tariff-driven challenges. Those using data-driven strategies and flexible operations are best positioned to thrive amid rising trade tensions.

Top Companies in Solar PV Market

The Solar PV market's competitive landscape describes the energy and power industry's structure and the competition among major players. This analysis examines the distribution of market share, identifies key competitors, evaluates their strategic approaches, and assesses how they position themselves to secure a competitive advantage. It also provides insights into recent corporate activities, including mergers, acquisitions, and expansions, as well as an evaluation of the financial stability of these organizations. The report tracks recent developments like new product launches, expansions, and technological innovations, alongside financial performance metrics including revenue, financial ratios, market share and further financials as per requirements, for key players. Additionally, SWOT analyses is also provided for major players to understand their strengths, weaknesses, opportunities, and threats, enabling informed strategic decisions. Furthermore, the analysis explores, including cost-cutting, efficiency improvements, and digital transformation, while also considering technological advancements, product innovation, regulatory compliance, market positioning, and sustainability practices. This detailed overview empowers stakeholders to understand competitive forces and make well-informed decisions within the Solar PV market. (For a deeper dive, please request sample pages or contact with our analysts.)

Top Companies Market Share in Solar PV Industry: (In no particular order of Rank)

• Hanwha Q CELLS
• Neo Solar Power
• Motech
• Kyocera Solar
• Gintech Energy
• SolarWorld
• SunPower
• REC Group
• Sharp
• E Ton Solar Tech
• Trina Solar
• Yingli
• JA Solar
• Canadian Solar
• Jinko Solar
• China Sunergy
• Hareonsolar
• Eging PV
• TongWei Solar
• Confidential Data
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• Data Hidden

*List of Second Tier Companies, List of Third Tier/ Start-up Companies (Inquire with sales executive) Request Any Company Profile for Preview Purpose OR Data Validation!

If any Company(ies) of your interest has/have not been disclosed in the above list then please let us know the same so that we will check the data availability in our database and provide you the confirmation or include it in the final deliverables.

Solar PV Market Regional Analysis

Region and country analysis section of Solar PV Industry Analysis has been segmented into 5 major region such as North America, Europe, Asia Pacific, Middle East & Africa ,and Latin America (along with respective major contributing countries) and provides the revenue share, current trends.

The base years considered for all the estimations by analyzing trends and growth rate will help you gain an in-depth understanding of the conclusions provided in this report. This report also includes figures, graphs, pie charts, tables and bar graphs that explain the data analysis based on current trends at the country level as well as key regions. This research report also focuses on assessing factors such as profit, product price, capacity, production, supply demand market growth rate along with others to create a clear picture on the future prospects of Solar PV market.

The current report Scope analyzes Solar PV Market on 5 major region Split (In case you wish to acquire a specific region edition (more granular data) or any country Edition data then please write us on info@cognitivemarketresearch.com

• North America (United States, Canada, Mexico)
• Europe (United Kingdom, France, Germany, Italy, Russia, Spain, Sweden, Denmark, Switzerland, Luxembourg, Rest of Europe)
• Asia Pacific (China, Japan, South Korea, India, Australia, Singapore, Taiwan, South East Asia, Rest of APAC)
• Latin America (Brazil, Argentina, Colombia, Peru, Chile, Rest of South America)
• Middle East (Saudi Arabia, Turkey, UAE, Egypt, Qatar, Rest of Middle East)
• Africa (Nigeria, South Africa, Rest of Africa)

The above graph is for illustrative purposes only.

Solar PV Market Analysis

Type Segment Analysis of Solar PV Market

The Solar PV market report categorizes competitors based on Type, offering a detailed analysis of their products and business strategies. This segmentation is essential for understanding the different facets of the market, providing valuable insights into each category. Key information for each segment includes definitions, advantages, real-world use cases, technological advancements, regional benefits, and other relevant factors that differentiate each type within the market. Furthermore, the report highlights the growth trajectories of these segments, detailing metrics such as market share, revenue figures, and compound annual growth rates over the forecast period. This allows stakeholders to understand the performance and potential of each segment, aiding in better decision-making and strategic planning. (For more comprehensive details, you can request a sample of the pages or contact our team directly)

Type of Solar PV analyzed in this report are as follows:

• Crystalline Silicon
• Compound Type
• Others

The above Chart is for representative purposes and does not depict actual sale statistics. Access/Request the quantitative data to understand the trends and dominating segment of Solar PV Industry. Request a Free Sample PDF!

Application Segment Analysis of Solar PV Market

The Solar PV market report also delivers an application-driven analysis that examines how various business offerings cater to the unique demands of different sectors. This section evaluates the market size, growth prospects, and revenue contributions specific to each application, while also highlighting the technological innovations that are shaping these sectors. The report provides a global projection of revenue growth in the Solar PV market, while also breaking down the performance and opportunities in specific regions and countries. By analyzing current trends and identifying future opportunities for each application, this section gives businesses a clearer understanding of the evolving dynamics within the industry and where to focus their efforts for optimal growth during the forecast period. (For a more in-depth review, feel free to request a sample of the pages or reach out to our team directly for further information.)

Some of the key Application of Solar PV are:

• Residential
• Commercial
• Ground Station

The above Graph is for representation purposes only. This chart does not depict actual Market share.

Author's Detail

Vinayak Bali

Senior Research Analyst at Cognitive Market Research

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Catering to tailored needs of clients in Consulting, Business Intelligence, Market Research, Forecasting, Matrix-Modelling, Data Analytics, Competitive Intelligence, Primary research and Consumer Insights.

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