Lighting, Power & Electronic Products · Direct
Monitoring · monthlyProcurement Category Intelligence
Photovoltaic Panels
Overview
Market size
$65.0B
global, USD
CAGR
8.3%
base to forecast
Buyer power
-1.8
supplier-favoured
Suppliers
7
tracked players
Signals
12
4 high severity
Market outlook
2031$96.8B
What changed
Demand by region
China demand57%
Europe demand13%
North America demand12%
India demand7%
Rest of world demand11%
share of global demandtotal 100%
Cost drivers
Polysilicon feedstock and wafer manufacturing40%
Module components (solar glass, backsheets, EVA, silver paste)25%
Direct manufacturing labor and factory overhead15%
Global freight and outbound logistics12%
Factory utilities and energy consumption8%
share of delivered cost (analyst estimate)