European Solar Panel Market to Reach $127.8 Million by 2035 Amid Policy Support

European solar panel market was valued at $56.2 million in 2025 and is projected to reach $127.8   million by 2035, growing at a CAGR of 8.6% during the forecast period (2026–2035). The European solar energy market is undergoing a significant transformation driven by strong policy support and increasing focus on energy security. Rising climate commitments and electrification trends are further accelerating large-scale deployment across the region. The region achieved approximately 406 GW of installed solar PV capacity in 2025, up from 338 GW in 2024, reflecting rapid expansion and sustained annual installations of around 60–65 GW. This consistent growth highlights Europe’s transition from early adoption to mass-scale industrial deployment of solar energy. Europe is placing growing emphasis on local manufacturing of solar technologies to reduce reliance on imports, particularly from China, which currently accounts for a substantial share of photovoltaic module and cell supply. For instance, in March 2026, The European Commission proposed a “Buy EU” initiative under the Industrial Accelerator Act to strengthen domestic clean technology and low-carbon industries and reduce reliance on imports, particularly from China. A key concern behind this policy is the sharp decline of Europe’s solar manufacturing sector, as around 94% of solar photovoltaic modules and cells used in the EU are currently imported from China. The plan therefore aims to revive Europe’s solar industry alongside other clean technologies by promoting local production through public procurement rules. It introduces “Made in the EU” content requirements, including for electric vehicles and renewable energy components. This marks a shift from the EU’s traditional open-market stance toward a more strategic industrial policy. Countries such as the United Kingdom and Japan may be included if reciprocal access is ensured. The initiative aims to boost manufacturing to 20% of GDP by 2035. While concerns around protectionism persist, the strategy reflects a broader shift toward industrial resilience and energy independence. Overall, these developments are expected to enhance Europe’s competitiveness and strengthen its position in the global solar market.

Browse the full report description of “European Solar Panel Market Size, Share & Trends Analysis Report by Panel Type (Monocrystalline, Polycrystalline and Thin-Film), and by End-User (Residential, Commercial, Industrial, Utility and Others) and by Installation Type (Rooftop Solar Installation, Ground-Mounted Solar Installation, Floating Solar Installation and Building-Integrated Photovoltaics (BIPV)), Forecast Period (2025-2035)” at https://www.omrglobal.com/industry-reports/european-solar-panel-market-size

Leading Players and Large-Scale Manufacturing Investments

The major companies operating in the European solar panel market include JinkoSolar Holding Co. Ltd, Trina Solar Co. Ltd., First Solar Inc., Canadian Solar Inc., and LONGi Green Energy Technology Co. Ltd, among others.

• In November 2025, HoloSolis secured approximately $255 million in financing to support the construction of a large-scale solar panel manufacturing facility in Sarreguemines-Hambach. The planned plant is expected to reach full operations by 2030, with an annual production capacity of 5 GW and the potential to supply electricity for around one million homes. The investment reflects ongoing efforts to strengthen Europe’s renewable energy manufacturing capabilities and support long-term energy transition goals.

• In April 2025, Belga Solar announced plans to expand its European solar panel production and international presence while advocating for fair market regulations to address competition from Asian manufacturers. The company highlighted ongoing investments in manufacturing capacity, including a new facility in Luxembourg, and emphasized its focus on sustainability, innovation, and increasing European content in photovoltaic products.

Market Coverage

• The market number available for – 2025-2035
• Base year- 2025
• Forecast period- 2026-2035
• Segment Covered-
  • Panel Type
  • End-User
  • Installation Type
• Competitive Landscape - JinkoSolar Holding Co. Ltd, Trina Solar Co. Ltd., First Solar Inc., Canadian Solar Inc., Meyer Burger Technology AG, and Meyer Burger Technology AG, among others.

Key questions addressed by the report.

• What is the market growth rate?
• Which segment and region dominate the market in the base year?
• Which segment and region will project the fastest growth in the market?
• Who is the leader in the market?
• How are players addressing challenges to sustain growth?
• Where is the investment opportunity?

European Solar Panel Market Report Segment

By Panel Type

• Monocrystalline
• Polycrystalline
• Thin-Film

By End-User

• Residential
• Commercial
• Industrial
• Utility
• Others

By Installation Type

• Rooftop Solar Installation
• Ground-Mounted Solar Installation
• Floating Solar Installation
• Building-Integrated Photovoltaics (BIPV)

European Solar Panel Market Report Segment by Region

• UK
• Germany
• Italy
• Spain
• France
• Russia
• Rest of Europe

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