{
  "title": "Solar Photovoltaic (PV) Market Size & Share Analysis - Growth Trends and Forecast (2026 - 2031)",
  "slug": "solar-photovoltaic-market",
  "industry": "Renewable Energy (Solar & Wind)",
  "parent_industry": "Energy & Power",
  "url": "https://www.mordorintelligence.com/industry-reports/solar-photovoltaic-market",
  "scraped_at": "2026-09-17T17:49:41+07:00",
  "dataset_properties": [
    {
      "@type": "PropertyValue",
      "name": "Market Volume (2026)",
      "value": 2.91,
      "unitText": "Terawatt"
    },
    {
      "@type": "PropertyValue",
      "name": "Market Volume (2031)",
      "value": 7.23,
      "unitText": "Terawatt"
    },
    {
      "@type": "PropertyValue",
      "name": "Growth Rate (2026 - 2031)",
      "value": 19.92,
      "unitText": "PERCENT"
    },
    {
      "@type": "PropertyValue",
      "name": "Fastest Growing Market",
      "value": "Middle-East and Africa"
    },
    {
      "@type": "PropertyValue",
      "name": "Largest Market",
      "value": "Asia Pacific"
    },
    {
      "@type": "PropertyValue",
      "name": "Market Concentration",
      "value": "Medium"
    }
  ],
  "faq": [
    {
      "@type": "Question",
      "name": "How large is global installed solar panel capacity in 2026?",
      "acceptedAnswer": {
        "@type": "Answer",
        "text": "Installed capacity reached 2,916.85 GW in 2026 and is projected to climb to 7,233.35 GW by 2031, implying a 19.92% CAGR over the forecast period."
      }
    },
    {
      "@type": "Question",
      "name": "Which cell architecture is advancing fastest after 2025?",
      "acceptedAnswer": {
        "@type": "Answer",
        "text": "Tandem perovskite–silicon technology is forecast to post a 31.1% CAGR to 2031 as commercial modules surpass 24% efficiency and secure long-term durability certifications."
      }
    },
    {
      "@type": "Question",
      "name": "What policy measure is driving new photovoltaic manufacturing in the United States?",
      "acceptedAnswer": {
        "@type": "Answer",
        "text": "Section 45X production tax credits under the Inflation Reduction Act pay up to USD 0.07 per watt-dc for modules and are linked to more than USD 10 billion of announced factory investments."
      }
    },
    {
      "@type": "Question",
      "name": "Why are floating solar projects gaining popularity in Asia?",
      "acceptedAnswer": {
        "@type": "Answer",
        "text": "Water-based arrays boost output 5–10% through evaporative cooling, avoid land-acquisition hurdles, and qualify for dedicated renewable targets in China, India, and Singapore."
      }
    },
    {
      "@type": "Question",
      "name": "How quickly are residential solar installations growing in the United States?",
      "acceptedAnswer": {
        "@type": "Answer",
        "text": "Residential installations are expected to expand at a 22.7% CAGR through 2031, supported by the 30% federal investment tax credit and rising grid electricity prices."
      }
    }
  ],
  "images": [
    "images/solar-photovoltaic-market-size.png",
    "images/solar-photovoltaic-market-major-players.png",
    "images/solar-photovoltaic-market-share-by-technology.png",
    "images/solar-photovoltaic-market-share-by-end-user.png",
    "images/solar-photovoltaic-market-growth-rate-by-region.png",
    "images/solar-photovoltaic-market-competitive-landscape-market-concentration.png",
    "images/market-snapshot.png",
    "images/pdf3.png",
    "images/Esomar-25.png",
    "images/GPTW-25-3xl.png",
    "images/solar-photovoltaic-market-size.png"
  ],
  "sections_count": 13
}