Solar Power Equipment Market Trends, Business Opportunity 2026-2035
The global solar power equipment market demonstrates strong expansion driven by accelerated energy transition and long-term decarbonization goals. The market was valued at USD 198.7 billion in 2025 and is projected to reach USD 464.7 billion by 2035, registering a compound annual growth rate (CAGR) of 9.9% during the forecast period from 2026 to 2035. Growth is supported by increasing solar capacity additions, declining component costs, and supportive government policies across both developed and emerging economies.