Summary

The global solar energy market has demonstrated robust growth, with the value increasing from $167.83 billion in 2021 to $234.86 billion in 2022. This upward trajectory is projected to continue at a CAGR of 6.9%, potentially reaching $373.84 billion by the year 2029. Solar photovoltaic (PV) technology has been resilient despite the Covid-19 pandemic and related supply chain disturbances, achieving a record increase in capacity by nearly 190 GW. Governments worldwide have continued to support solar energy through policies, notably with China aiming for 33% electricity from renewable sources by 2025, the U.S. enacting the Inflation Reduction Act with extensive renewable energy support, and the European Union boosting its renewable target for 2030 to 45% under the REPowerEU Plan. India has also elevated its ambitions for non-fossil capacities and renewable generation, targeting net-zero emissions by 2070, primarily leveraging solar PV. In 2021, around 38% of solar PV growth came from China, 17% from the United States, and 10% from the European Union. Solar power prices have significantly decreased, falling more than 80% over the past decade, despite a temporary increase in 2021 due to rising raw material and transportation costs..### The Evolving Dynamics of Italy's Solar Energy Market Italy's solar energy market has witnessed a noteworthy transformation over recent years, shaped by both global trends and domestic developments. The landscape of solar energy, characterized by a mix of policy support, sustainability concerns, and the quest for energy independence, is driving the nation toward a future where renewable sources like photovoltaic (PV) systems play a pivotal role. The market experienced a surge in global demand, with solar energy production needing to achieve a sevenfold increase by 2030 compared to 2021 levels to align with the Net Zero Emissions scenario suggested by the International Energy Agency (IEA). As of 2021, the market stood at approximately between $160 and $170 billion and is projected to grow to around $370 billion by 2029. Italy's domestic solar energy production saw a leap forward in the early 2010s due to several incentives, followed by a period of slower growth. However, it regained momentum in 2022. Italy's photovoltaic generation covered around 8.3% of the country's electric demand that year, showcasing the potential for significant expansion given the right conditions. The country’s solar market structure reflects a medium level of concentration, with over 7,800 companies operating in the sector but witnessing a shift towards smaller businesses. Italian firms are confronted by a highly concentrated global market for solar panel manufacturing, led by top players like LONGi Solar and JinkoSolar, signaling a challenge for domestic producers to carve out their niche. As per the geographical demand composition, regions such as Lombardy lead with the highest energy demands, reaching between 65 and 70 TWh, due to robust industrial activity. In contrast, regions like Sardinia have a significantly lower demand, falling below 10 TWh, attributed to less population and industrial presence. Despite this disparity, solar installations are widely spread across the country, with Lombardy and Puglia housing most of these structures. Italy also stands as a net importer of electricity and photovoltaic panels, emphasizing the national dependency on foreign energy and technology sources. For instance, electricity imports spiked from around $3 to $15 billion between 2018 and 2022, drawing significantly from Switzerland and France. Similarly, the country relies on imports for photovoltaic generators, with Germany being the primary supplier, comprising over half of the imports. The COVID-19 pandemic did impact the industry with supply chain disruptions and delayed project implementations. Nevertheless, the consequent reduction in air pollution during the.### Leading Made-in-Italy Photovoltaic Panel Producers While the global solar panel manufacturing sector is highly concentrated with the top few companies controlling a large share of the market, Italy has its own set of pioneering solar manufacturing companies that specialize in niche markets and high-quality products. The following players are some of the main made-in-Italy companies that contribute to the country's photovoltaic industry: 1. **Sunerg Solar**: Sunerg Solar, located in Citta di Castello, Perugia, has been a key player in the solar industry since 2001. It is known for its development and production of high-efficiency photovoltaic modules, catering to a variety of customers interested in renewable energy solutions. 2. **Solsonica**: With its base in Rieti, Solsonica has carved out a market position by producing high-quality photovoltaic modules. The company's focus has largely been on the residential and industrial markets, where it delivers robust and reliable solar products. 3. **SPS Istem**: Residing in the beautiful city of Verona, SPS Istem distinguishes itself through the production of customized photovoltaic modules. They offer tailored solutions to meet the unique needs of their customers, and their products are synonymous with high quality. 4. **V-energy**: V-energy is a Milan-based company known for its commitment to sustainable and innovative solutions for renewable energy production. They have earned recognition for their advanced photovoltaic technologies that cater to a diverse customer base. 5. **Eclipse**: Another Milanese firm contributing to the industry is Eclipse, a producer of photovoltaic panels and energy storage systems. Their comprehensive approach to solar solutions has made them a reputable name in the Italian market. These companies maintain a competitive edge by focusing on market segments that value high-quality and customized solar solutions. The presence of such dedicated and specialized Italian manufacturers helps in promoting the use of renewable energy within the country while also contributing to a greener and more sustainable energy future globally. Indeed, the made-in-Italy label continues to carry weight in the solar sector, championing quality and innovation in photovoltaic technologies.

The photovoltaic market - Italy

Get all the information you need
to understand this market

Buy the full study

Detailed content

Inforamtion

Number of pages : 30 pages
Format : Digital and PDF versions
Last update : 11/04/2023

Update Details

Summary and extracts

1 Synthèse du marché

1.1 Introduction

The photovoltaic market has developed significantly in recent years, thanks to growing awareness of the importance of environmental sustainability, government incentives, and lower costs of photovoltaic technologies. Italy, with its favorable geographic location and sunny climate, has enormous potential for solar energy, which can contribute significantly to the transition to an energy system based on the use of renewable sources and the reduction of greenhouse gas emissions.

In 2022, the world market was valued at $234.86 billion, with further annual growth projected at a compound annual growth rate (CAGR) of 6.9 percent through 2029. This growth is driven by increasing political support for the technology. In Italy the market is becoming increasingly important, the total annual energy production from photovoltaic systems in 2022 was 32.2 TWh, covering about 8.3% of demand.

Until a few years ago, sustainability was seen as the only driver for the growth of the renewable energy sector; however, the recent Russian-Ukrainian conflict has raised issues of energy dependence, especially in Europe, which contribute to a further push in the transition to sustainable and independent power generation.

Indeed, it was precisely in 2022 that the number of Italian photovoltaic installations and the related power delivered resumed sustained growth. It happened after the abandonment of the "energy bill" in 2013, which had marked a setback for demand for this type of technology. For the future as well, Italian and European goals in terms of environmental sustainability, combined with the relative affordability of photovoltaic installations, seem to draw a positive and growing picture for the sector.

2 Analyse de la demande

3 Structure du marché

4 Analyse de l'offre

5 Règlementation

6 Positionnement des acteurs

All our studies are available online in PDF format

Take a look at an example of our research on another market!

Example online Example in PDF

Do you have a question about this study? +44 238 097 0676

Latest news

China's domination of the solar panel market increases - 30/05/2023

Chinese solar panel exports increased by 64% in value in 2022, reaching a record $52 billion.
China exported 154 GW of solar modules worldwide in 2022. 56% of Chinese solar modules were captured by Europe.
Chinese solar panels were 57% cheaper than those produced in the USA or Europe in 2022.
Chinese export capacity in solar cells and wafers should exceed 230 GW by 2026.
Europe will have a production deficit of 36 GW of solar modules in 2026 to meet its decarbonization targets.

Companies quoted in this study

This study contains a complete overview of the companies in the market, with the latest figures and news for each company. :

Longi Solar

JinkoSolar

Ja Solar

Sunerg solar S.r.l.

Eclipse Italia S.r.l.

SPS Istem S.r.l.

V-Energy S.r.l.

Choosing this study means :

Access to more than 35 hours of work

Our studies are the result of over 35 hours of research and analysis. Using our studies allows you to devote more time and added value to your projects.

Benefit from 6 years' experience and over 1,500 industry reports already produced

Our expertise enables us to produce comprehensive studies in all sectors, including niche and emerging markets.

Our know-how and methodology enable us to produce reports that offer unique value for money.

Access to several thousand articles and paid-for data

Businesscoot has access to all the paid economic press as well as exclusive databases to carry out its market research (over 30,000 articles and private sources).

To enhance our research, our analysts also use web indicators (semrush, trends, etc.) to identify market trends and company strategies. (Consult our paying sources)

Guaranteed support after your purchase

A team dedicated to after-sales service, to guarantee you a high level of satisfaction. +44 238 097 0676

A digital format designed for our users

Not only do you have access to a PDF, but also to a digital version designed for our customers. This version gives you access to sources, data in Excel format and graphics. The content of the study can therefore be easily retrieved and adapted for your specific needs.

Our offers :

The photovoltaic market | Italy

89 €

What are the figures on the size and growth of the market?
What is driving the growth of the market and its evolution?
What is the positioning of companies in the value chain?
Data from several dozen databases

5 reports pack (-15%) IT Italy

75.6 € ^{/ study}

378 € instead of 445 € -15%

5 reports at €75.6 excluding VAT per study to choose from our Italian catalogue for 12 months
Save 15% on additional studies purchased
Choose to be refunded any unused credit at the end of the 12-month period (duration of the pack)

See the terms and conditions of the pack and the refund of unused credit.