Switzerland Solar Energy Market Size (2024 - 2029)

The Swiss solar energy market is poised for growth, driven by government policies aimed at reducing carbon emissions and promoting renewable energy development. Despite challenges from alternative energy sources like wind power, the market's expansion is supported by the increasing installation of solar photovoltaic panels in commercial and residential sectors. The Swiss government's commitment to achieving net-zero greenhouse gas emissions by 2050 further enhances opportunities for market growth. Additionally, significant cost reductions in solar technology over the past five years have made solar energy more accessible, contributing to the market's positive outlook.

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Market Size of Switzerland Solar Energy Industry

Switzerland Solar Energy Market -Market Summary
Study Period 2020 - 2029
Base Year For Estimation 2023
Forecast Data Period 2024 - 2029
Historical Data Period 2020 - 2022
CAGR 5.10 %
Market Concentration Medium

Major Players

Switzerland Solar Energy Market Major Players

*Disclaimer: Major Players sorted in no particular order

Switzerland Solar Energy Market Analysis

The Swiss solar energy market is expected to register a CAGR of around 5.1% during the forecast period. With the COVID-19 pandemic in 2020, the Swiss solar energy market did not witness any significant impact. Many countries ramped up solar panel production and installations, with several projects put into operation during Q3 and Q4. However, in H1 of 2020, the industry witnessed a disturbance in the supply chain and a slowdown in several projects. Factors such as the growing concerns about increasing carbon emissions have driven government bodies in Switzerland to launch various policies regarding the development of renewable energy. The policies have been providing a significant boost to the growth of the solar energy market in Switzerland and are major drivers of the market studied. The solar power sector is facing challenges from alternate sources of electricity, mainly wind power. As power generation from wind resources is also a clean mode of energy production, the growing adoption of the same is expected to hamper the demand for solar power. This factor, in turn, is expected to hinder the growth of the market studied.

  • The solar photovoltaic (PV) based solar panels represent the largest segment of the Swiss solar energy market due to the increasing commercial and residential installations of solar modules.
  • The Swiss government announced in 2019 that it would achieve net-zero greenhouse gas emissions by 2050. The Swiss government has been taking numerous steps to drive the country toward the target. Hence, such a scenario is expected to create opportunities for the solar energy players to implement more projects in the country.
  • The solar industry has cut costs dramatically in the past five years through economies of scale. As the market was flooded with equipment, prices plummeted. The cost of solar panels is dropping exponentially.

Switzerland Solar Energy Industry Segmentation

The Swiss solar energy market report includes:

Type
Solar Photovoltaic (PV)
Concentrated Solar Power (CSP)
Deployment
Residential and Commercial & Industrial (C&I)
Utility-scale
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Switzerland Solar Energy Market Size Summary

The Swiss solar energy market is poised for steady growth, driven by government policies aimed at reducing carbon emissions and promoting renewable energy. Despite challenges from alternative energy sources like wind power, the solar photovoltaic (PV) segment remains dominant due to increasing installations in commercial and residential sectors. The Swiss government's commitment to achieving net-zero greenhouse gas emissions by 2050 has spurred numerous initiatives, creating opportunities for solar energy projects. The market has benefited from significant cost reductions in solar technology, with economies of scale and technological advancements leading to lower prices and improved efficiency. These factors have enhanced the economic competitiveness of solar PV, contributing to the market's expansion.

The Swiss solar energy market is characterized by a partially consolidated landscape, with key players such as Swiss Solar AG and Solaronix SA driving innovation and project development. The introduction of thin-film photovoltaic modules has further diversified the market, offering new technological advancements. Government support, including financial incentives and rebates, has been crucial in fostering market growth. Upcoming utility-scale projects and supportive policies are expected to sustain the market's momentum, aligning with Switzerland's ambitious climate goals. As the market continues to evolve, it is anticipated that solar energy will play a significant role in the country's energy transition strategy.

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Switzerland Solar Energy Market Size - Table of Contents

  1. 1. MARKET OVERVIEW

    1. 1.1 Introduction

    2. 1.2 Solar Energy Installed Capacity, in GW, Switzerland, till 2027

    3. 1.3 Recent Trends and Developments

    4. 1.4 Government Policies and Regulations

    5. 1.5 Market Dynamics

      1. 1.5.1 Drivers

      2. 1.5.2 Restraints

    6. 1.6 Supply Chain Analysis

    7. 1.7 PESTLE Analysis

    8. 1.8 Impact of COVID-19 on the Market

  2. 2. MARKET SEGMENTATION

    1. 2.1 Type

      1. 2.1.1 Solar Photovoltaic (PV)

      2. 2.1.2 Concentrated Solar Power (CSP)

    2. 2.2 Deployment

      1. 2.2.1 Residential and Commercial & Industrial (C&I)

      2. 2.2.2 Utility-scale

Switzerland Solar Energy Market Size FAQs

The Switzerland Solar Energy Market is projected to register a CAGR of greater than 5.10% during the forecast period (2024-2029)

Solaronix SA, Swiss Solar AG, Anerdgy AG, Apak Energy Sagl and ars solaris hächler are the major companies operating in the Switzerland Solar Energy Market.

Solar Energy Market in Switzerland Report Snapshots

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