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Solar Appliances Market Size and Forecast, by Type (Solar Photovoltaic, Solar Thermal); Appliance (Solar Lighting, Solar Cooking, Solar Water Heating, Solar Air Conditioning, Solar Inverter, Solar Refrigerator); End-user (Industrial, Commercial, Residential) - Growth Trends, Key Players, Regional Analysis 2026-2035

  • Report ID: 4977
  • Published Date: Sep 11, 2025
  • Report Format: PDF, PPT

Solar Appliances Market Outlook:

Solar Appliances Market size was valued at USD 77.84 billion in 2025 and is likely to cross USD 326.03 billion by 2035, registering more than 15.4% CAGR during the forecast period i.e., between 2026-2035. In the year 2026, the industry size of solar appliances is assessed at USD 88.63 billion.

Solar Appliances Market Overview
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Solar appliances are sustainable and protect the environment while fulfilling consumer demands for electricity. The International Energy Agency (IEA) stated that in 2021 renewable electricity generation rose by almost 7%, and reached 522 TWh.

Solar appliances are technologically advanced appliances that operate on the energy from the sun. These appliances are specifically designed to use solar energy instead of electricity from the grid or other sources. In the recent period, high focus is being shifted towards the adoption of solar appliances as these products offer an efficient source of renewable energy needs while reducing reliance on fossil fuels and other non-renewable sources of energy.

Key Solar Appliances Market Insights Summary:

  • Regional Highlights:

    • North America solar appliances market will secure around 35% share by 2035, driven by solar appliance adoption and supportive federal tax incentives.
    • Asia Pacific market will capture a 28% share by 2035, driven by rapid urbanization, industrialization, and rising awareness about solar energy.

  • Segment Insights:

    • The solar photovoltaic segment in the solar appliances market is projected to command a 58% share by 2035, driven by the rising adoption of solar panels across various sectors.
    • The residential segment in the solar appliances market is anticipated to hold a 42% share by 2035, supported by the burgeoning population and favorable government incentives.

  • Key Growth Trends:

    • Rising Need to Reduce Carbon Emission
    • The Surge in Adoption of Renewable Electricity

  • Major Challenges:

    • High Initial Investment for Deployment
    • Low Adoption Level in the Developing and Under-Developing Nations

  • Key Players: Canadian Solar Inc., FTC Solar, Inc., The Solaria Corporation, SunPower Corporation, Trina Solar Co., Ltd, LG Electronics Inc., REC Solar EMEA GmbH, Hanwha Q CELLS GmbH, First Solar, Inc., Jinko Solar.

Global Solar Appliances Market Forecast and Regional Outlook:

  • Market Size & Growth Projections:

    • 2025 Market Size: USD 77.84 billion
    • 2026 Market Size: USD 88.63 billion
    • Projected Market Size: USD 326.03 billion by 2035
    • Growth Forecasts: 15.4% CAGR (2026-2035)

  • Key Regional Dynamics:

    • Largest Region: North America (35% Share by 2035)
    • Fastest Growing Region: Asia Pacific
    • Dominating Countries: China, United States, Germany, Japan, India
    • Emerging Countries: China, India, Japan, South Korea, Singapore

    • Last updated on : 11 September, 2025

Growth Drivers

  • Rising Need to Reduce Carbon Emission – Several studies have highlighted the importance of solar equipment to reduce the carbon footprint in the world. Thus, to curb the ever-rising carbon emission and protect the environment from climate change, the government is focusing on deploying solar appliances in every sector. Global energy-related CO2 emissions grew in 2022 by 0.9%, or 321 million tons, reaching a new high of more than 36.8 billion tons, according to the latest report.
  • The Surge in Adoption of Renewable Electricity – Nowadays, many countries are shifting towards adopting renewable energy owing to its energy security and environmental sustainability. Solar appliances help in generating electricity which is cost-effective, low maintenance, and energy-dependent. In 2021 renewable electricity generation rose by almost 7%.
  • Favorable Government Initiatives for Clean Energy Production – High investments are being made by the regulating bodies for the production of clean energy for various applications. For instance, the World Energy Outlook (WEO)’s Stated Policies Scenario is estimated to help propel global clean energy investment to more than USD 2 trillion a year by 2030, a rise of more than 50% from today.

Challenges

  • High Initial Investment for Deployment – Solar applications require the latest technology to function which increases the cost of the product. Also, the set-up of solar appliances requires specific infrastructure which adds up to the final cost. This is poised to hamper solar appliances market growth during the projected timeframe.
  • Low Adoption Level in the Developing and Under-Developing Nations
  • Easy Availability of Low-Cost Alternatives

Solar Appliances Market Size and Forecast:

Report Attribute Details

Base Year

2025

Forecast Period

2026-2035

CAGR

15.4%

Base Year Market Size (2025)

USD 77.84 billion

Forecast Year Market Size (2035)

USD 326.03 billion

Regional Scope

  • North America (U.S., and Canada)
  • Asia Pacific (Japan, China, India, Indonesia, Malaysia, Australia, South Korea, Rest of Asia Pacific)
  • Europe (UK, Germany, France, Italy, Spain, Russia, NORDIC, Rest of Europe)
  • Latin America (Mexico, Argentina, Brazil, Rest of Latin America)
  • Middle East and Africa (Israel, GCC North Africa, South Africa, Rest of the Middle East and Africa)
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Solar Appliances Market Segmentation:

Type Segment Analysis

The solar photovoltaic segment is estimated to hold 58% share of the solar appliances market by 2035. The main reason for the segment development is the rising adoption of solar panels across various spectrums in the industrial, commercial, and residential sectors. Also, the high-power generation from solar photovoltaics is estimated to meet the electricity demands of the global population. The International Energy Association (IEA) stated that the power generation from solar PV increased by 22% in 2021 and reached 179 TWh.

End-Use Segment Analysis

The rising adoption of solar appliances in the residential sector is attributed to the dominance of the residential segment over others with a market value of 42%. The burgeoning population has increased the demand for household solar appliances that could be used for numerous processes. Also, the increase in favorable policies of government incentives and subsidies for adopting renewable energy is estimated to drive segment growth in the next few years.

Our in-depth analysis of the market includes the following segments:

        Type
  • Solar Photovoltaic
  • Solar Thermal

        Appliance
  • Solar Lighting
  • Solar Cooking
  • Solar Water Heating
  • Solar Air Conditioning
  • Solar Inverter
  • Solar Refrigerator
  • Others

        End Use
  • Industrial
  • Commercial
  • Residential
Vishnu Nair
Vishnu Nair
Head - Global Business Development

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Solar Appliances Market Regional Analysis:

North America Market Insights

North America industry is poised to hold largest revenue share of 35% by 2035. The solar appliances market growth is the rising application of solar appliances such as solar panels and solar equipment in the region, followed by the lucrative federal tax credit incentives initiated by the government of the United States. Also, the presence of production facilities and the availability of funds for the production of solar appliances is aiding the growth in the market value.

APAC Market Insights

The solar appliances market share of the Asia Pacific solar appliances market is estimated to garner 28% share by the end of the forecasted period. The rapid urbanization and industrialization in the region are estimated to bring opportunities for the utilization of solar appliances. In addition, the growing awareness level about the advantages of solar appliances in saving the environment is also estimated to positively contribute to an increment in market value.

Solar Appliances Market Share
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Solar Appliances Market Players:

    • Canadian Solar Inc.
      • Company Overview
      • Business Strategy
      • Key Product Offerings
      • Financial Performance
      • Key Performance Indicators
      • Risk Analysis
      • Recent Development
      • Regional Presence
      • SWOT Analysis
    • FTC Solar, Inc.
    • The Solaria Corporation
    • SunPower Corporation
    • Trina Solar Co., Ltd
    • LG Electronics Inc.
    • REC Solar EMEA GmbH
    • Hanwha Q CELLS GmbH
    • First Solar, Inc.
    • Jinko Solar

Recent Developments

  • Recurrent Energy, LLC, a subsidiary of Canadian Solar Inc. has signed an agreement with EMD Electronics, Biogen Inc., Wayfair Inc., Autodesk, Inc., and a large healthcare company for 100% production capacity of the Liberty Solar project, 100 MWac solar project, in Liberty County, Texas.
  • FTC Solar, Inc. has launched Voyager, the next generation of its single axis Voyager tracker, engineered to provide compatibility with new large-format solar modules
  • Report ID: 4977
  • Published Date: Sep 11, 2025
  • Report Format: PDF, PPT
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Frequently Asked Questions (FAQ)

In the year 2026, the industry size of solar appliances is assessed at USD 88.63 billion.

The global solar appliances market size was valued at over USD 77.84 billion in 2025 and is expected to register a CAGR of more than 15.4%, exceeding USD 326.03 billion revenue by 2035.

North America solar appliances market will secure around 35% share by 2035, driven by solar appliance adoption and supportive federal tax incentives.

Key players in the market include Canadian Solar Inc., FTC Solar, Inc., The Solaria Corporation, SunPower Corporation, Trina Solar Co., Ltd, LG Electronics Inc., REC Solar EMEA GmbH, Hanwha Q CELLS GmbH, First Solar, Inc., Jinko Solar.

Solar Appliances Market Report Scope

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