Italy solar panel market is estimated to grow considerably at a CAGR of around 15.6% during the forecast period. Italy has a significant market share in the overall market. Italy has a significant market share in the overall market. This can be attributed to the fact that the overall installations of solar panels in Italy are significantly high. The country has witnessed significant growth in the solar industry in the past years. According to IRENA, Italy witnessed a total of around 85% solar panel installation growth during 2006-2018. The country had a total installed capacity of 20,120 MW by the end of 2018. It observed an overall growth of 2.2% by the end of 2018 as compared to that of 2017. The Italian government issued a National energy strategy in 2017, the objective of this strategy was to make the energy sector more competitive and increase the emphasis on the use of renewable energy.
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The solar panel market is segmented on the basis of solar panel technology and end-user. Based on solar panel technology, the market is segmented into monocrystalline silicon solar panel, polycrystalline silicon solar panel, thin-film solar panel, and others. Among these, the polycrystalline silicon solar panel contributes a significant share in the market, attributed to its advantages over other solar panels such as cost-effective and better efficiency. Based on end-user, the market is segmented into the household sector and the corporate sector. The corporate sector held a substantial share in the market in 2018. This is due to the high installation of solar panels in the corporate sector consisting of government projects and industrial general electricity applications.
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- Market Coverage
- Market number available for – 2024-2031
- Base year- 2024
- Forecast period- 2024-2031
- Segment Covered- By Source, By Product Type, By Applications
- Competitive Landscape- Archer Daniels Midland Co., Ingredion Inc., Kerry Group Plc, Cargill
- , and others
Market Segmentation
Italy Solar Panel Market by Technology
- Monocrystalline Solar Panel
- Polycrystalline Solar Panel
- Thin-Film Crystalline Solar Panel
- Other Solar Panels
Italy Solar Panel Market by End-User
- Household Sector
- Corporate Sector
Company Profiles
- AB Solar Novara snc
- AM IMPIANTI di Accarini Srl
- ContourGlobal PLC
- Enerray S.p.A.
- GruppoSTG
- Hanwha Group
- Juwi Holding AG
- Peimar S.r.l.
- REC Solar Holdings AS
- Sonnedix Power Holdings Ltd.
The Report Covers
- Comprehensive research methodology of the Italy solar panel market.
- This report also includes a detailed and extensive market overview with key analyst insights.
- An exhaustive analysis of macro and micro factors influencing the market guided by key recommendations.
- Analysis of regional regulations and other government policies impacting the Italy solar panel market.
- Insights about market determinants which are stimulating the Italy solar panel market.
- Detailed and extensive market segments with regional distribution of forecasted revenues.
- Extensive profiles and recent developments of market players.
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