
Residential Solar PV Module Market Growth, Trends and Future Outlook 2034
Global Residential Solar PV Module Market Growth, Size, Trends Analysis - By Connectivity, By Mounting - Regional Outlook, Competitive Strategies and Segment Forecast to 2034
Published: Jul-2025 | Report ID: POAE2585 | Pages: 1 - 233 | Formats*: |
Category : Power & Energy |


- In May 2024 – The U.S. solar industry recorded a 190% increase in domestic solar PV module manufacturing capacity, growing from 14.5 GW in 2023 to 42.1 GW by the end of 2024. This surge reflects rising demand for residential installations and government efforts to reduce dependency on imports through incentives under the Inflation Reduction Act.
- In April 2024 – Germany achieved a record 16.2 GW of solar capacity deployment, with nearly two-thirds attributed to residential and commercial systems. This expansion supports the country’s climate goals, though market players face challenges such as overproduction and falling panel prices, impacting profitability.
Report Metric | Details |
Market size available for years | 2021-2034 |
Base year considered | 2024 |
Forecast period | 2025-2034 |
Segments covered | By Connectivity, By Mounting |
Regions covered | North America, Latin America, Asia-Pacific, Europe, and Middle East & Africa |
Companies Covered | Canadian Solar, CHINT Group, First Solar, JA SOLAR Technology Co., Ltd, JinkoSolar, LG Electronics, Shunfeng International Clean Energy Co., Ltd, The Solaria Corporation, Trina Solar. |
- Global Residential Solar PV Module Market Size (FY’2021-FY’2034)
- Overview of Global Residential Solar PV Module Market
- Segmentation of Global Residential Solar PV Module Market By Connectivity (Off grid, On grid)
- Segmentation of Global Residential Solar PV Module Market By Mounting (Ground mounted, Roof top)
- Statistical Snap of Global Residential Solar PV Module Market
- Expansion Analysis of Global Residential Solar PV Module Market
- Problems and Obstacles in Global Residential Solar PV Module Market
- Competitive Landscape in the Global Residential Solar PV Module Market
- Details on Current Investment in Global Residential Solar PV Module Market
- Competitive Analysis of Global Residential Solar PV Module Market
- Prominent Players in the Global Residential Solar PV Module Market
- SWOT Analysis of Global Residential Solar PV Module Market
- Global Residential Solar PV Module Market Future Outlook and Projections (FY’2025-FY’2034)
- Recommendations from Analyst
- 1.1. Scope of the report
- 1.2. Market segment analysis
- 2.1. Research data source
- 2.1.1. Secondary Data
- 2.1.2. Primary Data
- 2.1.3. SPERs internal database
- 2.1.4. Premium insight from KOLs
- 2.2. Market size estimation
- 2.2.1. Top-down and Bottom-up approach
- 2.3. Data triangulation
- 4.1. Driver, Restraint, Opportunity and Challenges analysis
- 4.1.1. Drivers
- 4.1.2. Restraints
- 4.1.3. Opportunities
- 4.1.4. Challenges
- 5.1. SWOT Analysis
- 5.1.1. Strengths
- 5.1.2. Weaknesses
- 5.1.3. Opportunities
- 5.1.4. Threats
- 5.2. PESTEL Analysis
- 5.2.1. Political Landscape
- 5.2.2. Economic Landscape
- 5.2.3. Social Landscape
- 5.2.4. Technological Landscape
- 5.2.5. Environmental Landscape
- 5.2.6. Legal Landscape
- 5.3. PORTERs Five Forces
- 5.3.1. Bargaining power of suppliers
- 5.3.2. Bargaining power of buyers
- 5.3.3. Threat of Substitute
- 5.3.4. Threat of new entrant
- 5.3.5. Competitive rivalry
- 5.4. Heat Map Analysis
- 6.1. Global Residential Solar PV Module Market Manufacturing Base Distribution, Sales Area, Product Type
- 6.2. Mergers & Acquisitions, Partnerships, Product Launch, and Collaboration Global Residential Solar PV Module Market
- 7.1. On grid
- 7.2. Off grid
- 8.1. Ground mounted
- 8.2. Roof top
- 9.1. Global Residential Solar PV Module Market Size and Market Share
- 10.1. Asia-Pacific
- 10.1.1. Australia
- 10.1.2. China
- 10.1.3. India
- 10.1.4. Japan
- 10.1.5. South Korea
- 10.1.6. Rest of Asia-Pacific
- 10.2. Europe
- 10.2.1. France
- 10.2.2. Germany
- 10.2.3. Italy
- 10.2.4. Spain
- 10.2.5. United Kingdom
- 10.2.6. Rest of Europe
- 10.3. Middle East and Africa
- 10.3.1. Kingdom of Saudi Arabia
- 10.3.2. United Arab Emirates
- 10.3.3. Qatar
- 10.3.4. South Africa
- 10.3.5. Egypt
- 10.3.6. Morocco
- 10.3.7. Nigeria
- 10.3.8. Rest of Middle-East and Africa
- 10.4. North America
- 10.4.1. Canada
- 10.4.2. Mexico
- 10.4.3. United States
- 10.5. Latin America
- 10.5.1. Argentina
- 10.5.2. Brazil
- 10.5.3. Rest of Latin America
- 11.1. Canadian Solar
- 11.1.1. Company details
- 11.1.2. Financial outlook
- 11.1.3. Product summary
- 11.1.4. Recent developments
- 11.2. CHINT Group
- 11.2.1. Company details
- 11.2.2. Financial outlook
- 11.2.3. Product summary
- 11.2.4. Recent developments
- 11.3. First Solar
- 11.3.1. Company details
- 11.3.2. Financial outlook
- 11.3.3. Product summary
- 11.3.4. Recent developments
- 11.4. JA SOLAR Technology Co., Ltd
- 11.4.1. Company details
- 11.4.2. Financial outlook
- 11.4.3. Product summary
- 11.4.4. Recent developments
- 11.5. JinkoSolar
- 11.5.1. Company details
- 11.5.2. Financial outlook
- 11.5.3. Product summary
- 11.5.4. Recent developments
- 11.6. LG Electronics
- 11.6.1. Company details
- 11.6.2. Financial outlook
- 11.6.3. Product summary
- 11.6.4. Recent developments
- 11.7. Shunfeng International Clean Energy Co., Ltd
- 11.7.1. Company details
- 11.7.2. Financial outlook
- 11.7.3. Product summary
- 11.7.4. Recent developments
- 11.8. The Solaria Corporation
- 11.8.1. Company details
- 11.8.2. Financial outlook
- 11.8.3. Product summary
- 11.8.4. Recent developments
- 11.9. Trina Solar
- 11.9.1. Company details
- 11.9.2. Financial outlook
- 11.9.3. Product summary
- 11.9.4. Recent developments
- 11.10. Others
SPER Market Research’s methodology uses great emphasis on primary research to ensure that the market intelligence insights are up to date, reliable and accurate. Primary interviews are done with players involved in each phase of a supply chain to analyze the market forecasting. The secondary research method is used to help you fully understand how the future markets and the spending patterns look likes.
The report is based on in-depth qualitative and quantitative analysis of the Product Market. The quantitative analysis involves the application of various projection and sampling techniques. The qualitative analysis involves primary interviews, surveys, and vendor briefings. The data gathered as a result of these processes are validated through experts opinion. Our research methodology entails an ideal mixture of primary and secondary initiatives.
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