France Solar Energy Market Insights Forecasts to 2033

• The France Solar Energy Market Size was valued at USD 20.10 Gigawatt in 2023.
• The Market is Growing at a CAGR of 14.54% from 2023 to 2033
• The France Solar Energy Market Size is Expected to Reach USD 78.10 Gigawatt by 2033

The France Solar Energy Market is Anticipated to Reach USD 78.10 Gigawatt by 2033, growing at a CAGR of 14.54% from 2023 to 2033.

Market Overview

Solar power is energy from the sun that is converted into thermal or electrical energy. Solar energy is the cleanest and most abundant renewable energy source available. Solar power converts the sun's energy into thermal energy (heat) or photovoltaic cells in solar boards and clear photovoltaic glass to generate power. The total number of solar energy incidents on Earth is currently vastly abundant and can predict future energy requirements. If properly exploited, this highly distributed source has the potential to meet all future energy needs. Rising demand for clean energy solutions, increased investments, and the expansion of solar energy capacities are all expected to be major drivers of the France solar energy market over the forecast period. France relies heavily on nuclear energy as part of a long-standing energy security policy. The country's total nuclear capacity was 61.4 GW as of 2022. The government intends to reduce this figure to 50% by 2035. As a result, cheaper electricity generation from nuclear energy and increased reliability of nuclear-produced electricity are expected to be major constraints for renewable energy, particularly in the country's solar energy markets.

Report Coverage

This research report categorizes the France solar energy market based on various segments and regions forecasts revenue growth and analyzes trends in each submarket. The report analyses the key growth drivers, opportunities, and challenges influencing the France solar energy market. Recent market developments and competitive strategies such as expansion, product launch, and development, partnership, merger, and acquisition have been included to draw the competitive landscape in the market. The report strategically identifies and profiles the key market players and analyses their core competencies in each sub-segment of the France solar energy market.

Driving Factors

The France solar energy market is primarily driven by increased energy demand as a result of population growth. Also, there has been an increase in the demand for sustainable energy resources around the world, which has been accompanied by favorable government regulations that have fueled market growth. These regulations aim to reduce reliance on fossil fuels and help control environmental pollution. This, in turn, increases the demand for renewable energy sources like solar energy. Additionally, the reduction of the carbon footprint and an increase in the demand for low-cost energy generation are expected to drive the solar energy market forward.

Restraining Factors

The growing use of alternative renewable energy sources such as wind, as well as the limited grid infrastructure and storage systems, are expected to stymie market expansion.

Market Segmentation

The France solar energy market share is classified into application and end-use.

• The industrial segment is expected to hold the largest market share through the forecast period.

The France solar energy market is segmented by application into residential, commercial, and industrial. Among these, the industrial segment is expected to hold the largest market share through the forecast period. Rapid industrialization around the world, combined with population growth, has increased demand for a wide range of commercial products. The increase in production has increased the demand for power, resulting in a surge in the use of solar concentrators in the power generation industry.

• The electricity generation segment is expected to dominate the France solar energy market during the forecast period.       

Based on the end use, the France solar energy market is divided into electricity generation, lighting, heating, and charging. Among these, the electricity generation segment is expected to dominate the France solar energy market during the forecast period. Increased awareness of the environmental impact of greenhouse gases has prompted the search for alternative power generation solutions, which has led to the development of solar concentrators. The primary resource, such as sunlight, is used, which is an infinitely renewable resource.

Competitive Analysis:

The report offers the appropriate analysis of the key organizations/companies involved within the France solar energy market along with a comparative evaluation primarily based on their product offering, business overviews, geographic presence, enterprise strategies, segment market share, and SWOT analysis. The report also provides an elaborative analysis focusing on the current news and developments of the companies, which includes product development, innovations, joint ventures, partnerships, mergers & acquisitions, strategic alliances, and others. This allows for the evaluation of the overall competition within the market.

List of Key Companies

• Engie SA
• EDF Renewables
• Albioma SA
• TotalEnergies SE
• Meeco AG
• Voltalia SA
• Solairedirect
• Wagner Solar GmbH
• Sonnedix Power Holdings Limited
• Arkolia Energies
• Others

Key Target Audience

• Market Players
• Investors
• End-users
• Government Authorities 
• Consulting And Research Firm
• Venture capitalists
• Value-Added Resellers (VARs)

Recent Developments

• In November 2023, Heraeus announced the acquisition of an unspecified stake in HoloSolis, a French PV module manufacturer. In 2025, HoloSolis intends to establish a PV cell and panel factory in Hambach, France. Starting in 2027, the factory is expected to employ 1,700 people and produce 10 million modules per year, for a total capacity of 5 GW.

Market Segment

This study forecasts revenue at France, regional, and country levels from 2020 to 2033. Spherical Insights has segmented the France solar energy market based on the below-mentioned segments:

France Solar Energy Market, By Application

• Residential
• Commercial
• Industrial

France Solar Energy Market, By End Use

• Electricity Generation
• Lighting
• Heating
• Charging