Industry: Machinery & Equipment
Published Date: 2026-07-15
Pages: 133 Pages
Report ld: 6955417
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Solar Power Equipment Market Size(US$)

CAGR 2026-2032
7.1%
Market Size,2032
USD 146,820
Million
Market Snapshot
Source: Secondary research, interviews with experts, and QYResearch analysis
The global market for Solar Power Equipment was estimated to be worth US$ 91520 million in 2025 and is projected to reach US$ 146820 million, growing at a CAGR of 7.1% from 2026 to 2032.
Solar power systems are equipped with solar power equipment, which harness sun’s energy and convert it into electricity for further use by industrial, utility, commercial, or residential sectors.
It is expected that global demand for photovoltaic products will remain high in the next few years. According to our PV & Solar Research Center, by the end of 2022, the global cumulative installed photovoltaic power generation capacity is about 1180 GW. According to the data of China Photovoltaic Industry Association, the global newly installed photovoltaic capacity in 2022 is about 230 GW, and this number in 2023 is predicted to be 280-330 GW. According to the data of the Ministry of Industry and Information Technology, the total output value of China"s photovoltaic industry exceeded 1.4 trillion yuan in 2022. From the perspective of production value, mainland China is still the global center of the PV industry. According to the International Energy Agency, China market share in all key products of the supply chain have exceeded 80%. Among them, the production capacity of silicon wafers, solar cells, and components accounts for as high as 98%, 85% and 77%, respectively. According to the data released by the European Photovoltaic Association, 27 EU countries gained a new PV installed capacity of 41.4 GW in 2022. According to the report of the US Solar Energy Industries Association (SEIA), the US held a new PV installed capacity of less than 19 GW in 2022. But it is estimated that from 2023, the average annual growth rate of new photovoltaic installed capacity will exceed 21%. In terms of Japan, based on data from Fitch and the US Energy Information Administration (EIA), in 2022, Japan"s newly installed photovoltaic capacity was 3.241 GW.
This report provides a comprehensive view of the global market for Solar Power Equipment, covering total sales volume, sales revenue, pricing, the market share and ranking of key companies, along with analyses by region & country, by Type, and by Application.
The Solar Power Equipment market size, estimations, and forecasts are presented in terms of sales volume (K Units) and revenue ($ millions), with 2025 as the base year and historical and forecast data from 2021 to 2032. The report combines quantitative and qualitative analysis to help readers develop growth strategies, assess the competitive landscape, evaluate their position in the current marketplace, and make informed business decisions regarding Solar Power Equipment.
MARKET SEGMENTATION
CHAPTER OUTLINE
Chapter 1: Introduces the scope of the report and the global market size (value, volume, and price). It also summarizes market dynamics and Recent Developments; identifies key drivers and restraints; outlines challenges and risks for manufacturers; reviews relevant industry policies and U.S. tariff implications.
Chapter 2: Provides a detailed analysis of the Solar Power Equipment manufacturers' competitive landscape—including pricing, sales and revenue shares, Recent Developments plans, and mergers and acquisitions (M&A).
Chapter 3: Analyzes market segmentation by Type, presenting the size and growth potential of each segment to help readers identify blue-ocean opportunities.
Chapter 4: Analyzes market segmentation by Application, presenting the size and growth potential of each downstream segment to help readers identify blue-ocean opportunities.
Chapter 5: Presents Solar Power Equipment sales and revenue at the regional level. It offers a quantitative assessment of market size and growth potential by region and summarizes market development, future prospects, addressable space, and country-level market size worldwide.
Chapter 6: Presents Solar Power Equipment sales and revenue at the country level. It provides segmented data by Type and by Application for each country/region.
Chapter 7: Profiles key players, detailing the main companies' product sales, revenue, pricing, gross margin, product portfolios, Recent Developments, etc.
Chapter 8: Analyzes the industry value chain, including upstream suppliers and downstream applications/customers.
Chapter 9: Conclusion.
QYRESEARCH'S STRENGTHS
Unlike generic global market reports, this study combines macro-level industry trends with hyper-local operational intelligence, empowering data-driven decisions across the Compound Chocolate value chain, addressing:
We identify regional market threats and growth prospects to guide your overseas layout.
We adjust product portfolios in line with local consumption habits.
We unpack rivals’ operation strategies for scattered and highly concentrated industries.
We cover competition landscape, full supply chain and quantified market size data, and deliver tailor-made customized surveys to meet your unique business demands.
We own self-owned massive exclusive databases, backed by 19 years of global market research experience across thousands of sectors.
Our team operates 24 hours a day, 365 days a year, enabling ultra-fast report turnaround to respond to your research needs efficiently.
We integrate regional risk assessment, localized product optimization and competitor analysis to deliver actionable market strategies.
All data is cross-verified from multiple industry sources to deliver thorough, precise analysis that supports reliable corporate strategic decisions.
We provide responsive, dedicated after-sales support to resolve all follow-up inquiries about reports, data and industry interpretation.
TABLE OF CONTENTS
1 Market Overview
1.1 Solar Power Equipment Product Introduction
1.2 Global Solar Power Equipment Market Size Forecast
1.2.1 Global Solar Power Equipment Sales Value (2021–2032)
1.2.2 Global Solar Power Equipment Sales Volume (2021–2032)
1.2.3 Global Solar Power Equipment Sales Price (2021–2032)
1.3 Solar Power Equipment Market Trends & Drivers
1.3.1 Solar Power Equipment Industry Trends
1.3.2 Solar Power Equipment Market Drivers & Opportunities
1.3.3 Solar Power Equipment Market Challenges
1.3.4 Solar Power Equipment Market Restraints
1.3.5 Impact of U.S. Tariffs
1.4 Assumptions and Limitations
1.5 Study Objectives
1.6 Years Considered
2 Competitive Analysis by Company
2.1 Global Solar Power Equipment Players Revenue Ranking (2025)
2.2 Global Solar Power Equipment Revenue by Company (2021–2026)
2.3 Global Solar Power Equipment Sales Volume Ranking of Players (2025)
2.4 Global Solar Power Equipment Sales Volume by Company (2021–2026)
2.5 Global Solar Power Equipment Average Price by Company (2021–2026)
2.6 Key Manufacturers Solar Power Equipment Manufacturing Base and Headquarters
2.7 Key Manufacturers Solar Power Equipment Product Offerings
2.8 Key Manufacturers Start of Mass Production of Solar Power Equipment
2.9 Solar Power Equipment Market Competitive Analysis
2.9.1 Solar Power Equipment Market Concentration Rate (2021–2026)
2.9.2 Global 5 and 10 Largest Manufacturers by Solar Power Equipment Revenue in 2025
2.9.3 Global Companies by Tier (Tier 1, Tier 2, Tier 3), based on Solar Power Equipment revenue, 2025
2.10 Mergers & Acquisitions and Expansion
3 Segmentation Solar Power Equipment Market Classification
3.1 Introduction by Type
3.1.1 Solar Panels
3.1.2 Mounting, Racking and Tracking System
3.1.3 Storage System
3.1.4 Others
3.1.5 Global Solar Power Equipment Sales Value by Type
3.1.5.1 Global Solar Power Equipment Sales Value by Type (2021 vs 2025 vs 2032)
3.1.5.2 Global Solar Power Equipment Sales Value, by Type (2021–2032)
3.1.5.3 Global Solar Power Equipment Sales Value, by Type (%), 2021–2032
3.1.6 Global Solar Power Equipment Sales Volume by Type
3.1.6.1 Global Solar Power Equipment Sales Volume by Type (2021 vs 2025 vs 2032)
3.1.6.2 Global Solar Power Equipment Sales Volume, by Type (2021–2032)
3.1.6.3 Global Solar Power Equipment Sales Volume, by Type (%), 2021–2032
3.1.7 Global Solar Power Equipment Average Price by Type (2021–2032)
4 Segmentation by Application
4.1 Introduction by Application
4.1.1 Residential
4.1.2 Nonresidential
4.1.3 Utility
4.2 Global Solar Power Equipment Sales Value by Application
4.2.1 Global Solar Power Equipment Sales Value by Application (2021 vs 2025 vs 2032)
4.2.2 Global Solar Power Equipment Sales Value, by Application (2021–2032)
4.2.3 Global Solar Power Equipment Sales Value, by Application (%), 2021–2032
4.3 Global Solar Power Equipment Sales Volume by Application
4.3.1 Global Solar Power Equipment Sales Volume by Application (2021 vs 2025 vs 2032)
4.3.2 Global Solar Power Equipment Sales Volume, by Application (2021–2032)
4.3.3 Global Solar Power Equipment Sales Volume, by Application (%), 2021–2032
4.4 Global Solar Power Equipment Average Price by Application (2021–2032)
5 Segmentation by Region
5.1 Global Solar Power Equipment Sales Value by Region
5.1.1 Global Solar Power Equipment Sales Value by Region: 2021 vs 2025 vs 2032
5.1.2 Global Solar Power Equipment Sales Value by Region (2021–2026)
5.1.3 Global Solar Power Equipment Sales Value by Region (2027–2032)
5.1.4 Global Solar Power Equipment Sales Value by Region (%), 2021–2032
5.2 Global Solar Power Equipment Sales Volume by Region
5.2.1 Global Solar Power Equipment Sales Volume by Region: 2021 vs 2025 vs 2032
5.2.2 Global Solar Power Equipment Sales Volume by Region (2021–2026)
5.2.3 Global Solar Power Equipment Sales Volume by Region (2027–2032)
5.2.4 Global Solar Power Equipment Sales Volume by Region (%), 2021–2032
5.3 Global Solar Power Equipment Average Price by Region (2021–2032)
5.4 North America
5.4.1 North America Solar Power Equipment Sales Value, 2021–2032
5.4.2 North America Solar Power Equipment Sales Value by Country (%), 2025 vs 2032
5.5 Europe
5.5.1 Europe Solar Power Equipment Sales Value, 2021–2032
5.5.2 Europe Solar Power Equipment Sales Value by Country (%), 2025 vs 2032
5.6 Asia Pacific
5.6.1 Asia Pacific Solar Power Equipment Sales Value, 2021–2032
5.6.2 Asia Pacific Solar Power Equipment Sales Value by Region (%), 2025 vs 2032
5.7 South America
5.7.1 South America Solar Power Equipment Sales Value, 2021–2032
5.7.2 South America Solar Power Equipment Sales Value by Country (%), 2025 vs 2032
5.8 Middle East & Africa
5.8.1 Middle East & Africa Solar Power Equipment Sales Value, 2021–2032
5.8.2 Middle East & Africa Solar Power Equipment Sales Value by Country (%), 2025 vs 2032
6 Segmentation by Key Countries/Regions
6.1 Key Countries/Regions Solar Power Equipment Sales Value Growth Trends, 2021 vs 2025 vs 2032
6.2 Key Countries/Regions Solar Power Equipment Sales Value and Sales Volume
6.2.1 Key Countries/Regions Solar Power Equipment Sales Value, 2021–2032
6.2.2 Key Countries/Regions Solar Power Equipment Sales Volume, 2021–2032
6.3 United States
6.3.1 United States Solar Power Equipment Sales Value, 2021–2032
6.3.2 United States Solar Power Equipment Sales Value by Type (%), 2025 vs 2032
6.3.3 United States Solar Power Equipment Sales Value by Application, 2025 vs 2032
6.4 Europe
6.4.1 Europe Solar Power Equipment Sales Value, 2021–2032
6.4.2 Europe Solar Power Equipment Sales Value by Type (%), 2025 vs 2032
6.4.3 Europe Solar Power Equipment Sales Value by Application, 2025 vs 2032
6.5 China
6.5.1 China Solar Power Equipment Sales Value, 2021–2032
6.5.2 China Solar Power Equipment Sales Value by Type (%), 2025 vs 2032
6.5.3 China Solar Power Equipment Sales Value by Application, 2025 vs 2032
6.6 Japan
6.6.1 Japan Solar Power Equipment Sales Value, 2021–2032
6.6.2 Japan Solar Power Equipment Sales Value by Type (%), 2025 vs 2032
6.6.3 Japan Solar Power Equipment Sales Value by Application, 2025 vs 2032
6.7 South Korea
6.7.1 South Korea Solar Power Equipment Sales Value, 2021–2032
6.7.2 South Korea Solar Power Equipment Sales Value by Type (%), 2025 vs 2032
6.7.3 South Korea Solar Power Equipment Sales Value by Application, 2025 vs 2032
6.8 Southeast Asia
6.8.1 Southeast Asia Solar Power Equipment Sales Value, 2021–2032
6.8.2 Southeast Asia Solar Power Equipment Sales Value by Type (%), 2025 vs 2032
6.8.3 Southeast Asia Solar Power Equipment Sales Value by Application, 2025 vs 2032
6.9 India
6.9.1 India Solar Power Equipment Sales Value, 2021–2032
6.9.2 India Solar Power Equipment Sales Value by Type (%), 2025 vs 2032
6.9.3 India Solar Power Equipment Sales Value by Application, 2025 vs 2032
7 Company Profiles
7.1 ABB Group
7.1.1 ABB Group Company Information
7.1.2 ABB Group Introduction and Business Overview
7.1.3 ABB Group Solar Power Equipment Sales, Revenue, Price and Gross Margin (2021–2026)
7.1.4 ABB Group Solar Power Equipment Product Offerings
7.1.5 ABB Group Recent Developments
7.2 Canadian Solar
7.2.1 Canadian Solar Company Information
7.2.2 Canadian Solar Introduction and Business Overview
7.2.3 Canadian Solar Solar Power Equipment Sales, Revenue, Price and Gross Margin (2021–2026)
7.2.4 Canadian Solar Solar Power Equipment Product Offerings
7.2.5 Canadian Solar Recent Developments
7.3 First Solar
7.3.1 First Solar Company Information
7.3.2 First Solar Introduction and Business Overview
7.3.3 First Solar Solar Power Equipment Sales, Revenue, Price and Gross Margin (2021–2026)
7.3.4 First Solar Solar Power Equipment Product Offerings
7.3.5 First Solar Recent Developments
7.4 Hanwha Q CELLS
7.4.1 Hanwha Q CELLS Company Information
7.4.2 Hanwha Q CELLS Introduction and Business Overview
7.4.3 Hanwha Q CELLS Solar Power Equipment Sales, Revenue, Price and Gross Margin (2021–2026)
7.4.4 Hanwha Q CELLS Solar Power Equipment Product Offerings
7.4.5 Hanwha Q CELLS Recent Developments
7.5 JA Solar
7.5.1 JA Solar Company Information
7.5.2 JA Solar Introduction and Business Overview
7.5.3 JA Solar Solar Power Equipment Sales, Revenue, Price and Gross Margin (2021–2026)
7.5.4 JA Solar Solar Power Equipment Product Offerings
7.5.5 JA Solar Recent Developments
7.6 JinkoSolar
7.6.1 JinkoSolar Company Information
7.6.2 JinkoSolar Introduction and Business Overview
7.6.3 JinkoSolar Solar Power Equipment Sales, Revenue, Price and Gross Margin (2021–2026)
7.6.4 JinkoSolar Solar Power Equipment Product Offerings
7.6.5 JinkoSolar Recent Developments
7.7 LONGi Solar
7.7.1 LONGi Solar Company Information
7.7.2 LONGi Solar Introduction and Business Overview
7.7.3 LONGi Solar Solar Power Equipment Sales, Revenue, Price and Gross Margin (2021–2026)
7.7.4 LONGi Solar Solar Power Equipment Product Offerings
7.7.5 LONGi Solar Recent Developments
7.8 Shunfeng International
7.8.1 Shunfeng International Company Information
7.8.2 Shunfeng International Introduction and Business Overview
7.8.3 Shunfeng International Solar Power Equipment Sales, Revenue, Price and Gross Margin (2021–2026)
7.8.4 Shunfeng International Solar Power Equipment Product Offerings
7.8.5 Shunfeng International Recent Developments
7.9 SunPower Corporation
7.9.1 SunPower Corporation Company Information
7.9.2 SunPower Corporation Introduction and Business Overview
7.9.3 SunPower Corporation Solar Power Equipment Sales, Revenue, Price and Gross Margin (2021–2026)
7.9.4 SunPower Corporation Solar Power Equipment Product Offerings
7.9.5 SunPower Corporation Recent Developments
7.10 Trina Solar
7.10.1 Trina Solar Company Information
7.10.2 Trina Solar Introduction and Business Overview
7.10.3 Trina Solar Solar Power Equipment Sales, Revenue, Price and Gross Margin (2021–2026)
7.10.4 Trina Solar Solar Power Equipment Product Offerings
7.10.5 Trina Solar Recent Developments
8 Industry Chain Analysis
8.1 Solar Power Equipment Industrial Chain
8.2 Solar Power Equipment Upstream Analysis
8.2.1 Key Raw Materials
8.2.2 Key Suppliers of Raw Materials
8.2.3 Manufacturing Cost Structure
8.3 Midstream Analysis
8.4 Downstream Analysis (Customer Analysis)
8.5 Sales Model and Sales Channelss
8.5.1 Solar Power Equipment Sales Model
8.5.2 Sales Channels
8.5.3 Solar Power Equipment Distributors
9 Research Findings and Conclusion
10 Appendix
10.1 Research Methodology
10.1.1 Methodology/Research Approach
10.1.1.1 Research Programs/Design
10.1.1.2 Market Size Estimation
10.1.1.3 Market Breakdown and Data Triangulation
10.1.2 Data Source
10.1.2.1 Secondary Sources
10.1.2.2 Primary Sources
10.2 Author Details
10.3 Disclaimer
TABLE OF FIGURES
List of Tables
List of Figures
KEY QUESTIONS ADDRESSED BY THE REPORT
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REPORT COVERAGE
DESCRIPTION
OVERVIEW
MARKET SEGMENTATION
CHAPTER OUTLINE
QYRESEARCH'S STRENGTHS
TABLE OF CONTENTS
TABLE OF FIGURES
RLEATED REPORTS
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