Solar energy accounted for roughly *** percent of electricity generation worldwide in 2023, up from a *** percent share a year earlier. That year, wind and solar generated nearly ** percent of global electricity.

Solar energy accounted for some 5.6 percent of electricity generation in the United States in 2023, up from a 4.8 percent share a year earlier. California was the state with the largest percentage of its electricity generation covered by solar, with approximately 27.3 percent.

In 2023, Luxembourg was the leading country in solar energy penetration, with solar power accounting for almost ** percent of the country's electricity mix that year. Malta followed with a share of solar of more than ** percent. On average, the share of electricity generation from solar energy worldwide was roughly *** percent in 2023. In comparison with the previous year, figures increased by almost *** percentage point. Solar energy generation worldwide In total, solar energy production reached *** petawatt hours in 2022, increasing by some ** percent when compared to the previous year. Solar energy production was the highest in China, which generated over *** terawatt hours of solar power in 2023. The United States was the country with the second-highest solar energy production that year, with some *** terawatt hours generated. China’s solar photovoltaic industry Aside for being the largest solar energy producer worldwide, China accounts for the largest production of solar energy components. In 2022, the country was responsible for almost ** percent of the world's solar photovoltaic module production. Most of the largest solar component manufacturers worldwide are based in China. For instance, photovoltaic company LONGi was the leading solar ingot and wafer manufacturer worldwide, reaching a production output of *** gigawatts in 2023.

This table expresses the use of renewable energy as gross final consumption of energy. Figures are presented in an absolute way, as well as related to the total energy use in the Netherlands. The total gross final energy consumption in the Netherlands (the denominator used to calculate the percentage of renewable energy per ‘Energy sources and techniques’) can be found in the table as ‘Total, including non-renewables’ and Energy application ‘Total’. The gross final energy consumption for the energy applications ‘Electricity’ and ‘Heat’ are also available. With these figures the percentages of the different energy sources and applications can be calculated; these values are not available in this table. The gross final energy consumption for ‘Transport’ is not available because of the complexity to calculate this. More information on this can be found in the yearly publication ‘Hernieuwbare energie in Nederland’.

Renewable energy is energy from wind, hydro power, the sun, the earth, heat from outdoor air and biomass. This is energy from natural processes that is replenished constantly.

The figures are broken down into energy source/technique and into energy application (electricity, heat and transport).

This table focuses on the share of renewable energy according to the EU Renewable Energy Directive. Under this directive, countries can apply an administrative transfer by purchasing renewable energy from countries that have consumed more renewable energy than the agreed target. For 2020, the Netherlands has implemented such a transfer by purchasing renewable energy from Denmark. This transfer has been made visible in this table as a separate energy source/technique and two totals are included; a total with statistical transfer and a total without statistical transfer.

Figures for 2020 and before were calculated based on RED I; in accordance with Eurostat these figures will not be modified anymore. Inconsistencies with other tables undergoing updates may occur.

Data available from: 1990

Status of the figures: This table contains definite figures up to and including 2022, figures for 2023 are revised provisional figures and figures for 2024 are provisional.

Changes as of July 2025: Compiling figures on solar electricity took more time than scheduled. Consequently, not all StatLine tables on energy contain the most recent 2024 data on production for solar electricity. This table contains the outdated data from June 2025. The most recent figures are 5 percent higher for 2024 solar electricity production. These figures are in these two tables (in Dutch): - StatLine - Zonnestroom; vermogen en vermogensklasse, bedrijven en woningen, regio - StatLine - Hernieuwbare energie; zonnestroom, windenergie, RES-regio Next update is scheduled in November 2025. From that moment all figures will be fully consistent again. We apologize for the inconvenience.

Changes as of june 2025: Figures for 2024 have been added.

Changes as of January 2025 Renewable cooling has been added as Energy source and technique from 2021 onwards, in accordance with RED II. Figures for 2020 and earlier follow RED I definitions, renewable cooling isn’t a part of these definitions.
The energy application “Heat” has been renamed to “Heating and cooling”, in accordance with RED II definitions. RED II is the current Renewable Energy Directive which entered into force in 2021

Changes as of November 15th 2024 Figures for 2021-2023 have been adjusted. 2022 is now definitive, 2023 stays revised provisional. Because of new insights for windmills regarding own electricity use and capacity, figures on 2021 have been revised.

Changes as of March 2024: Figures of the total energy applications of biogas, co-digestion of manure and other biogas have been restored for 2021 and 2022. The final energy consumption of non-compliant biogas (according to RED II) was wrongly included in the total final consumption of these types of biogas. Figures of total biogas, total biomass and total renewable energy were not influenced by this and therefore not adjusted.

When will new figures be published? Provisional figures on the gross final consumption of renewable energy in broad outlines for the previous year are published each year in June. Revised provisional figures for the previous year appear each year in June.

In November all figures on the consumption of renewable energy in the previous year will be published. These figures remain revised provisional, definite figures appear in November two years after the reporting year. Most important (expected) changes between revised provisional figures in November and definite figures a year later are the figures on solar photovoltaic energy. The figures on the share of total energy consumption in the Netherlands could also still be changed by the availability of adjusted figures on total energy consumption.

Solar penetration in the United States stood at roughly 5.4 percent in 2023, that is, solar accounted for5.4 percent of the electricity generated across the country that year. California and Nevada were the states with the highest percentage of solar in their electricity generation, with 28.2 and 25.9 percent, respectively.

This table contains information about the Dutch production of renewable electricity, the number of installations used and the installed capacity of these installations. During production, a distinction is made between normalised gross production and non-standard gross and net production without normalisation.

Production of electricity is shown in million kilowatt hours and as a percentage of total electricity consumption in the Netherlands. The production of renewable electricity is compared with total electricity consumption and not against total electricity production. This choice is due to European conventions.

The data is broken down according to the type of energy source and the technique used to obtain the electricity. A distinction is made between four main categories: hydro power, wind energy, solar power and biomass.

Data available from: 1990.

Status of the figures: This table contains definite figures until 2022, revised provisional figures for 2023 and provisional figures for 2024.

Changes as of July 2025: Figures for the number of installations and capacity for solar electricity have been adjusted. Compiling figures on solar electricity took more time than scheduled. Consequently, not all StatLine tables on energy contain the most recent 2024 data on production for solar electricity. This table contains the most recent data for number of solar installations and solar capacity, but outdated 2024 data on solar production. The most recent figures are 5 percent higher for 2024 solar electricity production. These most recent figures are available in these two tables (in Dutch): - Zonnestroom; vermogen en vermogensklasse, bedrijven en woningen, regio - Hernieuwbare energie; zonnestroom, windenergie, RES-regio Next update of all StatLine tables covering solar production is scheduled in November 2025. From that moment all tables will be fully consistent again. We apologize for the inconvenience.

Changes as of June 6th 2025: Figures for 2024 have been updated.

Changes as of March 10th 2025: Figures added for 2024.

Changes as of January 2025: Figures on the capacities of municipal waste and biogas are added for 2022 and 2023.

Changes as of November 2024: Figures about capacity are now published.

Changes as of November 2024: Figures for 2021- 2023 have been adjusted. 2022 is now definitive, 2023 stays revised provisional.Because of new insights for windmills regarding own electricity use and capacity, figures on 2021 have been revised. The capacity of solar photovoltaic from 2022 onwards is equal tot the system capacity of the installation. This means the maximal capacity with respect to the panel or the inverter.

When will new figures be published? Provisional figures on electricity output for the previous year are published each year in February. Revised provisional figures on electricity output for the previous year are published each year in June. Definite figures on electricity output for the previous year are published each year in December.

In 2024, net solar power generation in the United States reached its highest point yet at 218.5 terawatt hours of solar thermal and photovoltaic (PV) power. Solar power generation has increased drastically over the past two decades, especially since 2011, when it hovered just below two terawatt hours. The U.S. solar industry In the United States, an exceptionally high number of solar-related jobs are based in California. With a boost from state legislation, California has long been a forerunner in solar technology. In the second quarter of 2024, it had a cumulative solar PV capacity of more than 48 gigawatts. Outside of California, Texas, Florida, and North Carolina were the states with the largest solar PV capacity. Clean energy in the U.S. In recent years, solar power generation has seen more rapid growth than wind power in the United States. However, among renewables used for electricity, wind has been a more common and substantial source for the past decade. Wind power surpassed conventional hydropower as the largest source of renewable electricity in 2019. While there are major environmental costs often associated with the construction and operation of large hydropower facilities, hydro remains a vital source of electricity generation for the United States.

Solar power companies have skyrocketed, propelled by improvements in the technologies used for electricity generation and government incentives, like the renewable portfolio standard (RPS) targets. RPS legislation requires local utility companies to diversify their portfolio and generate percentages of their energy production through renewable resources. Increases in public support for green energy led to tax incentives and grants to encourage investment in solar power. This has led to more companies powering facilities with solar power, driving growth. Revenue has swelled at a CAGR of 23.2% to $32.6 billion through the end of 2025, including a 34.1% uptick in 2025 alone. Government assistance from federal and state entities led to significant growth in solar power. The number of solar projects has skyrocketed, exemplifying a triumph for energy policy in solar power, which has historically struggled to compete with traditional power sources. Government programs like credits, grants and tax exemptions have allowed many companies to overcome the high entry costs of solar power and support solar energy development. The declines in the price of inputs over the past few decades have lowered operational costs, bolstering profit. Tax credits have also bolstered the number of solar panel manufacturers in the US, allowing the industry to face little setback after tariff waivers on foreign panels expired. Through 2030, many trends that have allowed the industry to succeed will continue. Government tax credits will remain active, allowing solar power companies to compete with other energy sources. The domestic solar panel manufacturing surge will enable companies to source panels much more quickly, letting solar power expand rapidly. Even so, the new Trump administration has been vocal in supporting fossil fuels and has stated it plans to expand oil and gas production, which may weaken solar power. Nonetheless, upgrades in technology will enable solar panels to become more efficient, bringing down the cost and allowing them to achieve grid parity in states where solar is price-competitive. Revenue will expand at a CAGR of 20.5% to $82.9 billion through 2030.

The annual volume of photovoltaic solar energy produced as a percentage of the total electricity generated in Spain increased considerably from 2010 to 2024. In 2024, the generation of photovoltaic solar energy accounted for roughly 17 percent of the total electricity generation in Spain.

Solar Power Products Market Outlook

As of 2023, the global solar power products market size is valued at approximately USD 150 billion, with projections indicating a growth to around USD 400 billion by 2032, reflecting a compound annual growth rate (CAGR) of 11.5%. This robust growth trajectory is underscored by the surging demand for renewable energy sources as nations globally strive to reduce carbon emissions and mitigate climate change impacts. The increasing adoption of solar power products across various sectors is primarily fueled by technological advancements, decreasing costs, and supportive government policies promoting renewable energy adoption. As solar power becomes a pivotal contributor to the global energy mix, the market's expansion is set to accelerate significantly over the coming years.

Key growth factors contributing to the solar power products market include the drastic reduction in the cost of solar technology, which has made solar energy more accessible and economically viable for a wide range of applications. Over the past decade, the cost of solar panels has dropped by over 70%, leading to an increase in installations across residential, commercial, and industrial sectors. This decrease in cost is largely driven by advancements in manufacturing technologies and economies of scale as more countries invest in solar infrastructure. Moreover, innovative financing models and incentives, such as power purchase agreements and feed-in tariffs, have further facilitated the widespread adoption of solar technologies, making solar power an attractive option for investors and consumers alike.

Government policies and regulatory frameworks in favor of clean energy have significantly propelled the solar power products market. National and international commitments to decrease carbon emissions, like the Paris Agreement, have necessitated the transition from fossil fuels to renewable energy sources. Many governments are providing tax incentives, rebates, and subsidies to encourage the installation of solar power systems, thereby driving market growth. Additionally, the implementation of renewable portfolio standards, which require utilities to source a specific percentage of their energy from renewable sources, has greatly stimulated demand for solar power products. These governmental interventions have played a crucial role in removing barriers to entry and fostering a conducive environment for solar energy proliferation.

Technological innovations are also a pivotal factor in the growth of the solar power products market. Advances in photovoltaic (PV) technologies, such as bifacial panels, and concentrated solar power (CSP) systems have enhanced the efficiency and output of solar installations. The development of smart inverters and energy storage solutions, such as lithium-ion batteries, has improved the reliability and flexibility of solar power systems. Additionally, the integration of Internet of Things (IoT) and artificial intelligence (AI) in solar power products has enabled better energy management and optimization, further driving adoption. As research and development continue to yield more efficient and cost-effective solar solutions, the market is expected to witness substantial growth.

The role of Solar Power Equipment in this burgeoning market cannot be overstated. These equipment, ranging from solar panels to inverters and batteries, are the backbone of solar power systems. They are crucial in harnessing solar energy efficiently and converting it into usable electricity. With continuous advancements in technology, solar power equipment has become more efficient, durable, and cost-effective, making solar energy more accessible to a broader audience. The innovation in solar power equipment is not just limited to efficiency improvements; it also includes enhancements in design and integration capabilities, which make them suitable for a wide array of applications, from residential rooftops to large-scale solar farms. As the demand for solar energy grows, the development and deployment of cutting-edge solar power equipment will be pivotal in meeting global energy needs sustainably.

Product Type Analysis

The product type segment of the solar power products market includes solar panels, inverters, batteries, charge controllers, and others. Solar panels are the most prominent segment, accounting for a significant share of the market due to their essential

The size of the UK Solar Power Market was valued at USD XX Million in 2023 and is projected to reach USD XXX Million by 2032, with an expected CAGR of 23.53% during the forecast period. The solar power sector in the United Kingdom is witnessing significant expansion, propelled by the nation's dedication to transitioning towards a low-carbon economy and fulfilling its ambitious climate objectives. The government has established explicit targets for enhancing the proportion of renewable energy sources within the overall energy framework, with solar power being a vital component. Recent measures, including the Solar Photovoltaic (PV) Roadmap and various financial incentives such as subsidies and tax advantages, have markedly increased the uptake of solar energy. Furthermore, the UK’s commitment to solar power is reinforced by a strong regulatory environment that promotes the adoption of solar technologies in both residential and commercial domains. Advancements in technology and the declining costs of solar panels and inverters are further facilitating the growth of this market. Innovations, including more efficient photovoltaic cells and sophisticated energy storage systems, are improving the effectiveness and attractiveness of solar installations. Additionally, the UK's emphasis on achieving energy independence and resilience, along with a rising public consciousness regarding environmental concerns, is fostering a heightened demand for solar energy. Although there are challenges such as variable sunlight availability and the requirement for significant initial investments, the solar power market in the UK is well-positioned for ongoing growth. Supportive government policies, combined with technological progress and an increasing emphasis on sustainability, are key factors driving the market's favorable outlook and aligning with the UK's broader renewable energy goals. Recent developments include: June 2023: The United Kingdom Government approved the construction of the country's largest solar farm, large enough to power about 60,000 households, on farmland near Chelmsford. Longfield Solar Farm, which spans 380 hectares of intensive arable farmland near Terling, has the potential to generate enough electricity to supply four times the energy needs of all new dwellings planned for Chelmsford over the next 13 years., June 2023: AMPYR Solar Europe is happy to announce the acquisition of a 390 MWp Solar PV + BESS portfolio from Tyler Hill, which includes sites throughout the United Kingdom. The five projects have grid security and are being presented for planning approval. AMPYR Solar Europe will work with Tyler Hill to bring the assets to a "ready-to-build" level before beginning construction in 2024.. Key drivers for this market are: Government Policies and Demand for Renewable Energy Sources 4., The Declining Costs of Solar Technologies. Potential restraints include: Limited Land and Demand for Alternative Renewable Energy Sources. Notable trends are: Residential Sector to Witness Significant Growth.

The size of the South Korea Renewable Energy Industry market was valued at USD XX Million in 2023 and is projected to reach USD XXX Million by 2032, with an expected CAGR of 5.50">> 5.50% during the forecast period. A whole-scale transformation of the renewable energy industry is going on in South Korea. It has been focusing on multiple sustainable energy solutions to mitigate environmental issues and seek energy security. In pursuit of very ambitious policies and with a focus on reducing greenhouse gas emissions, South Korea is busy spending heavily on all kinds of sources of renewable energy-from solar and wind sources to bioenergy. The commitment is reflected in the country's Renewable Energy 3020 Plan, that by 2030, renewable energy will be deployed to generate up to 20 percent of its electricity, and that has seen significant growth in the sector.Some geographical advantages in renewable energy, especially on solar, exist in South Korea, as photovoltaic system installations atop houses and commercial establishments have increased recently. Onshore wind energy is significant and becoming more important, especially with expected offshore projects, which see coastal areas having better conditions. Bioenergy projects processing agricultural and organic wastes are also being pursued.The primary advantage of the technology is significant upfront costs, the necessity for high-tech development, and probable integration problems with the existing grid infrastructure. Recent developments include: July 2022: SK D&D acquired 15 units of Siemens Gamesa's SG 5.0-145 wind turbines for South Korea's third-largest wind farm. As soon as it is completed in 2024, the Gunwi wind farm will produce enough electricity for 64,000 local households, forming part of the country's efforts to reduce reliance on fossil fuels and increase renewable energy generation to 20% by 2030., June 2022: The South Korean government announced a tender to contract 2 GW of solar PV capacity through the Korean New and Renewable Energy Center (KNREC). The country aims to select this capacity from four categories ranging from less than 100 kW to exceeding 3 MW. Projects using solar PV modules with a lower carbon footprint will be preferred.. Key drivers for this market are: 4., Increasing Power Demand across Industrial Sector4.; Remote Location of Several Industries and the Unreliability of the Power Supply. Potential restraints include: 4., High Capital and Operational Expenditures. Notable trends are: Solar Energy Segment Expected to Witness Significant Growth.

Recent developments include: In September 2023, Ireland-based Power Capital Renewable Energy (PCRE) signed a power purchase agreement (PPA) with American multinational technology firm Google. The agreement will help power up the data centre and offices of Google in Ireland with solar energy worth 58 MW capacity., In August 2023, the United Kingdom IT solutions provider SCC installed solar panels on its data center in Birmingham. The company announced it had installed solar panels at its flagship CV1 facility in partnership with renewable energy firm Conrad Energy. The 737kWp roof-mounted solar-PV system will cover over five percent of the facility’s total energy needs.. Key drivers for this market are: 4., Decreasing Solar Power Installation Costs 4.; Growing focus on Implementing Sustainable Business Practices. Potential restraints include: 4., Lack of Space for Small Data Centers to Install Solar Panels. Notable trends are: Decrease in Solar Power Installation Cost is Likely to Drive the Market.

Switzerland Solar Energy Market size was valued at USD 6.2 Billion in 2023 and is projected to reach USD 24.51 Billion by 2031, growing at a CAGR of 15.20% from 2024 to 2031.

Key Market Drivers:

Government Policies and Incentives: Switzerland's government is a key player in promoting solar energy through supportive policies and financial incentives. As part of its energy policy, the country has set aggressive renewable energy targets to increase renewables' percentage of the energy mix.

Technological Advancements: Continuous advances in solar technology, such as improved photovoltaic (PV) cells and more efficient energy storage systems, are boosting solar energy use in Switzerland. Innovations in solar panel design, energy efficiency, and integration with smart grids have decreased costs and improved performance, making solar power more accessible and competitive with conventional energy sources.

Solar energy accounted for some 5.6 percent of electricity generation in the United States in 2023, with the utility-scale segment contributing a share of 3.8 percent. Residential solar installations were also an important source of solar electricity production, accounting for a share of roughly 1.2 percent of the country's electricity mix in 2023.

The size of the Indonesia Solar Energy Industry market was valued at USD XX Million in 2023 and is projected to reach USD XXX Million by 2032, with an expected CAGR of 10.00">> 10.00% during the forecast period. The solar energy sector in Indonesia is witnessing remarkable expansion, fueled by the nation's extensive solar capabilities and a dedication to mitigating greenhouse gas emissions. Positioned along the equator, Indonesia benefits from elevated solar irradiance levels, rendering it a compelling market for solar power investments. The Indonesian government has acknowledged this potential and is proactively advocating for solar energy through a variety of initiatives and policies. The National Energy Plan seeks to enhance the proportion of renewable energy within the national energy framework, with solar energy being pivotal to this objective. Recent initiatives include the introduction of a 10,000 MW solar photovoltaic program, aimed at promoting both large-scale solar installations and distributed solar solutions, such as rooftop systems. This program is supported by regulatory reforms and financial incentives, including feed-in tariffs and tax advantages, designed to attract private sector investments and render solar energy more accessible to consumers. Despite these positive developments, challenges remain, such as the necessity for enhanced grid infrastructure, substantial initial investment costs, and limited awareness in certain areas. Nonetheless, the increasing interest and investment in solar technology, along with favorable government policies, position Indonesia's solar energy industry as a promising avenue for sustainable development and energy diversification. Recent developments include: In December 2022, on behalf of the German Federal Ministry for Economic Cooperation and Development (BMZ), KfW signed a financing agreement with the Indonesian Ministry of Finance for a promotional loan of USD 285 million for the Sustainable and Inclusive Energy Programme (SIEP, Phase III). The financed package of measures includes reforms to promote renewable energies, such as improved price mechanisms for feed-in tariffs, regulation for rooftop solar power systems, or more ambitious energy efficiency standards., In March 2022, Beiersdorf AG entered into a long-term solar power deal with TotalEnergies SE involving a solar rooftop project in Indonesia. The plant will be a 540-kWp solar PV array on top of a manufacturing site to generate 830 MWh of electricity per year to meet 20% of the plant's needs., In January 2022, Masdar signed an agreement with Tuas Power, EDF Renewables, and PT Indonesia Power to develop solar PV plants with a capacity of up to 1.2 GW in Indonesia.. Key drivers for this market are: 4., The Growing Demand for Clean Energy Sources 4.; Efforts to Reduce Over-Reliance on Coal-Based Power Plants. Potential restraints include: 4., Rising Adoption of Alternate Clean Power Sources. Notable trends are: Off-Grid Segment Expected to Witness Significant Growth.

China generated approximately **** percent of electricity using solar photovoltaics in 2024. This figure has increased greatly in the last few years. In 2015, China's share of electricity generated from solar PV was below one percent.

In 2024, nearly ** percent of electricity in Australia came from solar energy. In comparison, solar power accounted for about *** percent of Japan's electricity generation that year.

Solar energy accounted for some 5.5 percent of electricity generation in the United Kingdom in 2024, up from a 4.8 percent share a year earlier. In total, the UK had some 16.2 gigawatts of solar PV installed as of end of 2023.

In Mexico, solar energy accounted for only 0.01 percent of the overall amount of electricity generated in 2010 and 2011. By 2023, the share of solar power used to produce electricity in the North American country increased to roughly six percent. Solar energy peaked in 2021, when the share over the total electricity generation reached 6.12 percent.