According to a market report by Lucintel, the future of the solar panel market in Germany looks promising with opportunities in the commercial, residential, and industrial applications. The solar panel market in Germany is expected to reach an estimated $248.1 billion by 2031, with a CAGR of 7.6% from 2025 to 2031. The major drivers for this market are the growing awareness of the benefits of solar energy, increasing demand for renewable energy, and the need to reduce carbon emissions.
A more than 150-page report to understand trends, opportunity and forecast in solar panel market in Germany to 2031 by type (crystal silicon, monocrystalline silicon, polycrystalline silicon, and others), application (photovoltaic and concentrated solar power), and end use (commercial, residential, and industrial).
Download sample by clicking on solar panel market in Germany
Lucintel forecasts that, within the application category, photovoltaic is expected to witness higher growth over the forecast period due to its affordability, easy installation, and efficiency at converting sunlight into electricity.
Within the end use category, the commercial sector is expected to witness the highest growth over the forecast period due to growing preference for solar energy in this sector to reduce electricity expenses.
This unique research report will enable you to make confident business decisions in this globally competitive marketplace. For a detailed table of contents, contact Lucintel at +1-972-636-5056 or write us at [email protected] To get access of more than 1000 reports at fraction of cost visit Lucintel's Analytics Dashboard.
About Lucintel
At Lucintel, we offer solutions for you growth through game changer ideas and robust market & unmet needs analysis. We are based in Dallas, TX and have been a trusted advisor for 1,000+ clients for over 20 years. We are quoted in several publications like the Wall Street Journal, ZACKS, and the Financial Times.
Contact:
Roy Almaguer
Lucintel
Dallas, Texas, USA
Email: [email protected]
Tel. +1-972-636-5056
Explore Our Latest Publications
Solar Panel Market in Italy
Solar Panel Market in Netherlands
Solar Panel Market in Spain
Solar Panel Market in Turkey
Solar Panel Market in United Kingdom