Facility Maintenance Products & Services

Solar Panel Installation: Market Size, Growth & Forecast to 2030

The Solar Panel Installation market is valued at about $56.2 billion (2026) and is projected to grow at a 8.6% CAGR through 2030. The largest cost driver is Solar Modules and Inverters (40% of spend). Asia Pacific leads demand at 45%.

Market size
$56.2 bn (2026)
CAGR to 2030
+8.6%
Buyer power
Favours buyers
Tracked suppliers
12500
Projected market growth (index, 2026 = 100)
Base year 2026
Official data · Claight projectionForecast
Market size index, 2026 = 100, at the 8.6% CAGR.
Forecast
2026
2027
2028
2029
2030
2031
2026 base: 1002031 est: 151

Cost structure

Solar Modules and Inverters
40%
Direct Installation Labor
25%
Structural and Electrical Balance of System
15%
Engineering, Permitting, and Interconnection
12%
Logistics and Freight
8%

Regional demand split

Asia Pacific demand
45%
Europe demand
25%
North America demand
18%
Latin America demand
7%
Rest of world demand
5%

Key suppliers

BechtelSterling and Wilson Renewable EnergySunrunJUWIJinko PowerAdani Solar
Read the full Solar Panel Installation report →

Claight market analysis of proprietary and public data. Full report: /category-intelligence/solar-panel-installation