France Solar Energy Market Size (2024 - 2029)

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.

France Solar Energy Industry Segmentation

Solar energy is heat and radiant light from the Sun that can be harnessed with technologies such as solar power (used to generate electricity) and solar thermal energy (used for applications such as water heating). The solar energy market is segmented by type and PV deployment. The market is segmented by type into solar photovoltaic (PV) and concentrated solar power (CSP). By PV deployment, the market is segmented into rooftop and ground-mounted. The market sizing and forecasts for each segment have been done based on installed capacity (GW).