Facility Maintenance Products & Services · Indirect
Monitoring · monthlyProcurement Category Intelligence
Solar Panel Installation
Overview
Market size
$6.0B
global, USD
CAGR
4.7%
base to forecast
Buyer power
-2.0
supplier-favoured
Suppliers
6
tracked players
Signals
12
6 high severity
Market outlook
2031$7.5B
What changed
Demand by region
Asia Pacific demand45%
Europe demand25%
North America demand18%
Latin America demand7%
Rest of world demand5%
share of global demandtotal 100%
Cost drivers
Solar Modules and Inverters40%
Direct Installation Labor25%
Structural and Electrical Balance of System15%
Engineering, Permitting, and Interconnection12%
Logistics and Freight8%
share of delivered cost (analyst estimate)