Market Size of France Solar Energy Industry
| Study Period | 2020 - 2029 |
| Base Year For Estimation | 2023 |
| Market Volume (2024) | 22.96 gigawatt |
| Market Volume (2029) | 44.68 gigawatt |
| CAGR (2024 - 2029) | 14.24 % |
| Market Concentration | Medium |
Major Players
*Disclaimer: Major Players sorted in no particular order |
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France Solar Energy Market Analysis
The France Solar Energy Market size is estimated at 22.96 gigawatt in 2024, and is expected to reach 44.68 gigawatt by 2029, growing at a CAGR of 14.24% during the forecast period (2024-2029).
The COVID-19 outbreak in Q1 of 2020 had a major impact on energy systems around the country, curbing investments and threatening to slow the expansion of key clean energy projects. Factors such as rising demand for clean energy solutions, increasing investments, and expansion of solar energy capacities are expected to be major drivers for the France solar energy market during the forecast period. However, the widespread generation of electricity from nuclear power is expected to be a major restraint on the growth of the French solar energy market.
- The solar photovoltaic (PV) segment is expected to dominate the market during the forecast period, owing to increasing solar PV installations across the country.
- France aims to produce 33% of its total energy from renewables, especially solar energy by 2030. This is expected to create opportunities for the France solar energy market during the forecast period.
- Electricity generation from nuclear energy is expected to restrain the French solar energy market during the forecast period.
