The Asia-Pacific Solar Photovoltaic (PV) Market is segmented by product type, end-user, deployment, and geography. By product type, the market is segmented by thin film, multi-crystallinee silicon, and monocrystalline silicon. By end-user, the market is segmented into residential, commercial, and utility.
The Asia-Pacific Solar Photovoltaic (PV) Market is fragmented. Some of the key players in this market (not in a particular order) include JA Solar Holdings Co., Trina Solar Ltd, Adani Green Energy Ltd., Azure Power Global Limited, and First Solar Inc. Need More Details on Market Players and Competitors?
The Asia-Pacific solar power market size was reached at USD 133.17 billion in 2024 and is expected to be worth around USD 1,084.32 billion by 2034, growing at a compound annual growth rate (CAGR) of 25.31% over the forecast period 2025 to 2034.
Utility PV emerged as the cheapest power source in 11 out of 15 countries in the Asia Pacific,” said Sooraj Narayan, Senior Research Analyst, APAC Power & Renewables at Wood Mackenzie. The new-build solar project costs will drop another 20% by 2030, driven by falling module prices and increasing oversupply from China.
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