Global PV Equipment Market to Reach $43.8 billion by 2035: Report

China will remain the largest market for PV equipment even in 2035

March 31, 2026

/ Arjun Joshi
/ Manufacturing, Solar
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The global solar industry is entering a decisive expansion phase, with photovoltaic (PV) manufacturing equipment investments projected to reach $250-$300 billion by 2035, and annual equipment spending is projected to rise from about $16.6 billion in 2025 to $43.8 billion by 2035.

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Arjun Joshi

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