Market Size of Germany Solar Energy Industry
| Study Period | 2020-2029 |
| Base Year For Estimation | 2023 |
| Market Volume (2024) | 85.16 gigawatt |
| Market Volume (2029) | 155.53 gigawatt |
| CAGR (2024 - 2029) | 12.80 % |
| Market Concentration | Medium |
Major Players
*Disclaimer: Major Players sorted in no particular order |
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German Solar Energy Market Analysis
The Germany Solar Energy Market size is estimated at 85.16 gigawatt in 2024, and is expected to reach 155.53 gigawatt by 2029, growing at a CAGR of 12.80% during the forecast period (2024-2029).
Over the medium term, factors such as the decreasing cost of solar energy infrastructure, coupled with the increasing electricity prices from conventional energy sources, are expected to drive the growth of the German solar energy market.
On the other hand, the increasing adoption of alternate energy sources is expected to hinder the market growth.
Nevertheless, there is a rise in technological advancements in solar technology, such as increasing solar module efficiency. These measures present tremendous opportunities for the German solar energy market.
