Italy Solar Energy Market Size

Statistics for the 2023 & 2024 Italy Solar Energy market size, created by Mordor Intelligence™ Industry Reports. Italy Solar Energy size report includes a market forecast to 2029 and historical overview. Get a sample of this industry size analysis as a free report PDF download.

Market Size of Italy Solar Energy Industry

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Italy Solar Energy Market  Summary
Study Period 2019 - 2029
Base Year For Estimation 2023
Market Volume (2024) 34.64 gigawatt
Market Volume (2029) 58.96 gigawatt
CAGR (2024 - 2029) 11.22 %
Market Concentration Low

Major Players

Italy Solar Energy Market  Major Players

*Disclaimer: Major Players sorted in no particular order

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Italy Solar Energy Market Analysis

The Italy Solar Energy Market size in terms of installed base is expected to grow from 34.64 gigawatt in 2024 to 58.96 gigawatt by 2029, at a CAGR of 11.22% during the forecast period (2024-2029).

  • Over the medium period, supportive government policies to promote renewable power generation and the declining cost of Solar PV installations are expected to be some of the driving factors for the solar energy market in Italy during the forecast period.
  • On the other hand, the increasing adoption of alternate renewable sources such as wind and limited grid infrastructure and storage systems are expected to hinder the market growth during the forecast period.
  • Nevertheless, offshore areas for solar installation are expected to provide ample opportunities for market players in the future.

Solar Energy in Italy Market Size & Share Analysis - Growth Trends & Forecasts (2024 - 2029)