Regional Analysis
Home Solar System Market Regional Insights
- Asia Pacific: This region is the largest market for home solar systems, accounting for over 40% of the global market in 2023. The growth of the market in this region is driven by factors such as rising government incentives, increasing awareness of solar energy, and declining costs of solar panels. China is the largest market for home solar systems in Asia Pacific, followed by India, Japan, and South Korea.
- North America: The North American market for home solar systems is the second largest in the world, accounting for about 30% of the global market in 2023. The growth of the market in this region is driven by factors such as increasing government incentives, favorable policies, and rising demand for renewable energy. The U.S. is the largest market for home solar systems in North America, followed by Canada and Mexico.
- Europe: The European market for home solar systems is the third largest in the world, accounting for about 20% of the global market in 2023. The growth of the market in this region is driven by factors such as increasing government incentives, rising awareness of solar energy, and declining costs of solar panels. Germany is the largest market for home solar systems in Europe, followed by Italy, France, and the U.K.
Figure 1. Home Solar System Market Share (%), By Region, 2023
| Geographies covered: | - North America: U.S. and Canada
- Latin America: Brazil, Argentina, Mexico, and Rest of Latin America
- Europe: Germany, U.K., Spain, France, Italy, Russia, and Rest of Europe
- Asia Pacific: China, India, Japan, Australia, South Korea, ASEAN, and Rest of Asia Pacific
- Middle East & Africa: GCC Countries, Israel, South Africa, North Africa, and Central Africa and Rest of Middle East
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U.S.: 
U.K. : 
India : 
