Czech Republic Solar Energy Market was valued at USD 1.8 Billion in 2024 and is anticipated to reach USD 3.9 Billion by 2031, growing at a CAGR of 2.45% from 2024 to 2031.

Czech Republic Solar Energy Market Drivers

Government Support: The Czech government has implemented various policies and incentives to promote renewable energy, including solar power. These policies, such as feed-in tariffs, tax breaks, and net metering schemes, have significantly contributed to the growth of the solar energy sector.

Increasing Energy Demand: As the Czech Republic's economy continues to grow, so does its energy demand. Solar energy can help meet this growing demand, reducing reliance on fossil fuels and imported energy.

Technological Advancements: Rapid advancements in solar technology, such as higher-efficiency solar panels and improved energy storage solutions, are making solar power more cost-effective and reliable.

Environmental Concerns: The Czech Republic is increasingly focused on addressing climate change and reducing greenhouse gas emissions. Solar energy is a clean and renewable energy source that contributes to a sustainable future.

Snapshot img

The solar energy market share in the Czech Republic is expected to increase by 1.74 terawatt-hour units from 2021 to 2026, at a CAGR of 6.45%.

This solar energy market in the Czech Republic research report provides valuable insights on the post COVID-19 impact on the market, which will help companies evaluate their business approaches. Furthermore, this report extensively covers the solar energy market in the Czech Republic segmentation by product (grid-connected and off-grid) and end User (utility and rooftop). The solar energy market in Czech Republic report also offers information on several market vendors, including Abengoa SA, Canadian Solar Inc., EKOTECHNIK Czech s.r.o., First Solar Inc., KYOCERA Corp., Photon Energy NV, Sharp Corp., Solar Global Service a.s., SOLARTEC HOLDING a.s., and SVP SOLAR s.r.o. among others.

What will the Solar Energy Market Size in the Czech Republic be During the Forecast Period?

Download the Free Report Sample to Unlock the Solar Energy Market Size in Czech Republic for the Forecast Period and Other Important Statistics

Solar Energy Market in Czech Republic: Key Drivers, Trends, and Challenges

The increasing developments in the implementation of renewable energy are notably driving the solar energy market growth in the Czech Republic, although factors such as intermittency in solar power generation may impede market growth. Our research analysts have studied the historical data and deduced the key market drivers and the COVID-19 pandemic impact on the solar energy industry in the Czech Republic. The holistic analysis of the drivers will help in deducing end goals and refining marketing strategies to gain a competitive edge.

Key Solar Energy Market Driver in Czech Republic

One of the key factors driving the solar energy market growth in the Czech Republic is the increasing developments in the implementation of renewable energy. Improvement in energy efficiency has played a vital role in balancing the energy supply and demand. According to the IEA, the share of renewables in global electricity production was 23.9% in 2017 and is expected to reach 29.4% by 2023. Installed renewable power generation capacity has gained pace over the past few years, with a CAGR of 17.33% during FY 2016-2020. With the increased support of the government and improved economics, the sector has become attractive from an investor’s perspective. Moreover, the Czech Republic is planning to increase the share of renewables to 22% by 2030. By 2030, the Czech Republic is committed to increasing the share of renewables in gross final consumption to 22% as a part of its contribution to the EU-wide target of 32%, which will further support the market growth during the forecast period.

Key Solar Energy Market Trend in Czech Republic

Another key factor driving the solar energy market growth in the Czech Republic is the advances in thin-film solar PV modules. CIGS thin films can be easily fabricated on flexible substrates that make them light in weight. Thus, CIGS thin films have the potential to reduce device fabrication and installation costs. The high conversion efficiency ratings motivate researchers to explore chalcogenide materials for the industrial-scale production of solar PV modules. An efficiency of 20.4% for potassium fluoride post-deposition-treated (KF-PDT) CIGS devices fabricated over flexible polyimide substrates was reported that is highest for flexible CIGS solar cells. After discovering the beneficial effects of heavy alkali doping, the performance of CIGS solar cells was boosted by over 20%. Such advances in thin-film technologies will further support the growth of the market in focus during the forecast period.

Key Solar Energy Market Challenge in Czech Republic

One of the key challenges to the solar energy market growth in the Czech Republic is the intermittency in solar power generation. The solar PV output is not continuous and depends on several factors such as the degree of shade, panel efficiency, and solar irradiation that changes over the duration of the day. Therefore, when the solar panel is not at its peak production, a secondary power system such as a battery, wind power, a hybrid generator, or grid power is needed to provide power that requires additional investment. In addition, during the night, solar panels do not function due to the lack of sunlight. Therefore, solar power systems can generate power effectively for approximately 12 hours a day. Furthermore, rainy and cloudy weathers also affect the generation of solar power. Although solar power technology is constantly evolving, the conversion rate cannot match fossil fuels, which is expected to challenge the growth of the solar energy market in the Czech Republic during the forecast period.

This solar energy market in the Czech Republic analysis report also provides detailed information on other upcoming trends and challenges that will have a far-reachin

Discover the booming Czech Republic solar energy market! Explore key trends, drivers, and restraints impacting growth from 2019-2033. Analyze market size, leading companies, and regional insights. Invest in the future of sustainable energy. Recent developments include: October 2022: Photon Energy NV, an Amsterdam-based provider of solar and water solutions, received EUR 28.1 million (USD 27.8 million) in long-term refinancing for its photovoltaic (PV) power plants in the Czech Republic, ensuring the facilities' liquidity through the end of 2029., May 2022: the Czech Republic is working harder to support agrivoltaics to further its goal of becoming an energy self-sufficient nation. In order to help farmers and landowners quickly meet the requirements of soil conservation while also installing solar panels, the environment minister announced a few changes to the law on agricultural land protection.. Notable trends are: Growing Demand for Clean Electricity to Drive the Market.

Czech Republic Solar Power Equipment Market is expected to grow during 2025-2031

Techsalerator’s Business Technographic Data for Czech Republic: Unlocking Insights into Czech Republic's Technology Landscape

Techsalerator’s Business Technographic Data for Czech Republic provides a detailed and comprehensive dataset essential for businesses, market analysts, and technology vendors aiming to understand and engage with companies in the Czech Republic. This dataset offers an in-depth look into the country’s technology landscape, capturing and categorizing data related to technology stacks, digital tools, and IT infrastructure used by Czech companies.

Please reach out to us at info@techsalerator.com or visit Techsalerator Contact.

Top 5 Most Utilized Data Fields

Company Name:
This field lists the names of companies being analyzed in the Czech Republic. It helps technology vendors target specific companies with their solutions and enables market analysts to evaluate technology adoption trends in the Czech business landscape.

Technology Stack:
This field details the technologies and software solutions a company utilizes, such as ERP systems, CRM platforms, cloud services, and AI tools. Understanding the technology stack is crucial for assessing the company’s operational capabilities and technology needs.

Deployment Status:
This field indicates whether the technology is currently deployed, under evaluation, or planned for future deployment. Knowing the deployment status aids vendors in determining the level of adoption and interest in various technology solutions across Czech businesses.

Industry Sector:
This field categorizes the industry sector in which the company operates, such as manufacturing, finance, telecommunications, or IT services. Segmenting by industry sector helps technology providers tailor their offerings to the specific needs and trends of the Czech market.

Geographic Location:
This field provides information about the company's headquarters or key operational locations within the Czech Republic. Geographic segmentation is valuable for regional market analysis and identifying local technology adoption patterns.

Top 5 Technology Trends in Czech Republic

Cloud Computing and Digital Transformation:
Cloud solutions are becoming increasingly popular in the Czech Republic, with businesses across industries adopting cloud-based services for better scalability, flexibility, and cost savings. This trend is most notable in sectors like finance, retail, and manufacturing.

Cybersecurity:
In response to rising digital threats, Czech businesses are investing heavily in cybersecurity technologies. This includes firewalls, data encryption, threat detection systems, and compliance with GDPR regulations, especially in sectors like banking and healthcare.

E-commerce Growth:
Driven by consumer demand and the expansion of digital services, e-commerce continues to thrive in the Czech Republic. Companies are adopting advanced online retail platforms, payment gateways, and logistics solutions to optimize customer experiences.

AI and Automation:
The use of artificial intelligence and automation is expanding across industries such as manufacturing, IT services, and logistics. Businesses are leveraging AI for predictive analytics, process optimization, and improving customer service through automated systems.

Renewable Energy and Green Technologies:
With a focus on sustainability, the Czech Republic is seeing increased adoption of renewable energy technologies, particularly in solar power and energy efficiency solutions. This is crucial for industries seeking to reduce carbon footprints and improve environmental sustainability.

Top 5 Companies with Notable Technographic Data in Czech Republic

ČEZ Group:
As one of the largest energy companies in Central Europe, ČEZ is adopting green technologies and smart grid solutions, playing a crucial role in the country’s renewable energy initiatives and energy distribution networks.

Skoda Auto:
A leading automotive manufacturer, Skoda is heavily investing in digital transformation, particularly in the areas of automation, AI-driven manufacturing processes, and electric vehicle development.

Komerční banka:
This major financial institution is a leader in digital banking solutions, employing advanced cybersecurity measures, AI-powered customer service, and mobile banking apps to enhance client experiences.

O2 Czech Republic:
A key telecommunications player, O2 is driving innovation in mobile technology, 5G deployment, and cloud-based services. The company is also advancing digital transformation in sectors like healthcare and education.

Avast Software:
One of the world’s leading cybersecurity companies, Avast is headquartered in Prague and continues to develop cutting-edge antivirus software, threat detection technologies, and privacy protection s...

The size of the Discrete Semiconductor Market market was valued at USD 33.30 Billion in 2023 and is projected to reach USD 52.26 Billion by 2032, with an expected CAGR of 6.65% during the forecast period. Recent developments include: June 2024: Onsemi's proposed investment of up to USD 2 billion over multiple years aims to bolster the advanced power semiconductor supply chain for its European and global clientele. The company is set to build a cutting-edge, vertically integrated silicon carbide (SiC) manufacturing plant in the Czech Republic. This facility is expected to focus on crafting Onsemi's pivotal intelligent power semiconductors, which are crucial for enhancing energy efficiency in electric vehicles, renewable energy systems, and AI data centers., May 2024: Infineon Technologies expanded its SiC MOSFET development to encompass voltages below 650 V. The company introduced its latest offering, the CoolSiCMOSFET 400 V family, built on the second-generation (G2) technology, which debuted earlier this year. This new MOSFET lineup is designed for the AC/DC stage of AI servers, aligning with Infineon's recent PSU roadmap. Beyond server applications, these devices find a niche in inverter motor control, solar and energy storage systems, SMPS, and even solid-state circuit breakers in residential settings.. Key drivers for this market are: Rising Demand for High-energy and Power-efficient Devices in the Automotive and Electronics Segment, Increasing Demand for Green Energy Power Generation Drives the Market. Potential restraints include: Rising Demand for Integrated Circuits. Notable trends are: Automotive Segment Is Expected to Witness Major Growth.