Japan Photovoltaics Modules Market Size, Share, and COVID-19 Impact Analysis, By Technology (Monocrystalline Solar Cells, Polycrystalline Solar Cells, Thin-film Solar Cells, and Perovskite Solar Cells), By Mounting Type (Rooftop Solar Panels and Ground-Mounted Solar Panels), By Application (Residential, Commercial, Industrial, and Utility-Scale Solar Power Plants), and Japan Photovoltaics Modules Market Insights, Industry Trend, Forecasts to 2035.

Japan Photovoltaics Modules Market Insights Forecasts to 2035

• The Japan Photovoltaics Modules Market Size is Expected to Grow at a CAGR of around 8.5% from 2025 to 2035
• The Japan Photovoltaics Modules Market Size is Expected to hold a significant share by 2035

According to a research report published by Spherical Insights & Consulting, The Japan Photovoltaics Modules Market Size is Anticipated to hold a significant share by 2035, growing at a CAGR of 8.5% from 2025 to 2035. This is due to strong government support for renewable energy and rising demand for clean, sustainable power solutions. Technological advancements and increasing adoption of solar installations across residential and commercial sectors further drive this growth.  

Market Overview

The Japan photovoltaic (PV) modules market involves the manufacturing, importation, distribution, and installation of solar PV modules in Japan. The modules play a crucial role in harnessing sunlight energy to generate electricity in driving Japan toward renewable energy resources. The photovoltaic modules market in Japan offers robust growth prospects fueled by the government's ambitious vision for carbon neutrality and its focus on developing renewable energy. High energy costs and finite domestic fossil fuel reserves add further incentive for solar uptake. Rooftop systems, particularly in the urban context, and floating solar are deployable at scale. Innovations in high-efficiency modules and energy storage integration improve feasibility. The availability of favorable policies, feed-in tariffs, and corporate sustainability objectives is also driving investment, making Japan a promising photovoltaic market for innovation and deployment.

Report Coverage

This research report categorizes the market for the Japan photovoltaics modules market based on various segments and regions and forecasts revenue growth and analyzes trends in each submarket. The report analyses the key growth drivers, opportunities, and challenges influencing the Japan photovoltaic modules market. Recent market developments and competitive strategies such as expansion, product launch, 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 Japan photovoltaics modules market.

Driving Factors

Japan photovoltaics modules market is fuelled by Japan's firm focus on renewable energy and carbon neutrality targets, including achieving net-zero emissions by 2050. State incentives in the form of feed-in tariffs and solar installation subsidies have boosted residential and commercial uptake. Advances in module efficiency and energy storage technology are rendering solar energy cheaper and more reliable. Further, Japan's finite fossil fuel reserves and susceptibility to energy supply shocks have highlighted the imperative of energy self-sufficiency, which also fosters solar investment. Increasing demand for clean energy in urban areas and from big companies looking for sustainable operations further supports the market. Further, solar integration within smart homes, EV charging stations, and disaster-resilient energy infrastructure enhances demand for high-performance photovoltaic modules throughout Japan.

Restraining Factors

The Japan photovoltaics modules market is confronted with inhibiting factors including limited land supplies for large-scale solar installation, high capital costs of initial investment, and grid integration issues. Moreover, the phasing out of government subsidies and tariffs and competition from low-cost foreign manufacturers affect profitability and growth, narrowing adoption despite the nation's firm commitment to renewable energy.

Market Segmentation

The Japan photovoltaics modules market share is classified into technology, mounting type, and application.

• The thin-film solar cells segment held a significant share in 2024 and is expected to grow at a significant CAGR during the forecast period.

The Japan photovoltaics modules market is segmented by technology into monocrystalline solar cells, polycrystalline solar cells, thin-film solar cells, and perovskite solar cells. Among these, the thin-film solar cells segment held a significant share in 2024 and is expected to grow at a significant CAGR during the forecast period. The segmental growth is attributed to their lightweight design, flexibility, and lower production costs. These advantages make them ideal for diverse applications, including portable and building-integrated photovoltaics. Growing investments in renewable energy and technological advancements are expected to drive strong CAGR growth ahead.

• The ground-mounted solar panels segment held a significant share in 2024 and is expected to grow at a significant CAGR during the forecast period.

The Japan photovoltaics modules market is segmented by mounting type into rooftop solar panels and ground-mounted solar panels. Among these, the ground-mounted solar panels segment held a significant share in 2024 and is expected to grow at a significant CAGR during the forecast period. The segmental growth is attributed to large-scale utility projects and efficient space utilization. These systems offer higher energy output and easier maintenance. Increasing government support, declining installation costs, and rising demand for clean energy are expected to drive strong CAGR growth during the forecast period.

• The commercial segment held a significant share in 2024 and is expected to grow at a significant CAGR during the forecast period.

The Japan photovoltaics modules market is segmented by application into residential, commercial, industrial, and utility-scale solar power plants. Among these, the commercial segment held a significant share in 2024 and is expected to grow at a significant CAGR during the forecast period. The segmental growth is attributed to rising energy costs and increasing adoption of sustainable practices by businesses. Solar installations in commercial spaces reduce operational expenses and enhance energy independence. Government incentives and corporate sustainability goals are expected to drive strong CAGR growth in this segment.

Competitive Analysis:

The report offers the appropriate analysis of the key organizations/companies involved within the Japan photovoltaics modules 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

• Sharp Corporation
• Kyocera Corporation
• Panasonic Corporation
• Mitsubishi Electric Corporation

Key Target Audience

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

Market Segment

This study forecasts revenue at Japan, regional, and country levels from 2020 to 2035. Spherical Insights has segmented the Japan photovoltaics modules market based on the below-mentioned segments:

Japan Photovoltaics Modules Market, By Technology

• Monocrystalline Solar Cells
• Polycrystalline Solar Cells
• Thin-film Solar Cells
• Perovskite Solar Cells

Japan Photovoltaics Modules Market, By Mounting Type

• Rooftop Solar Panels
• Ground-Mounted Solar Panels

Japan Photovoltaics Modules Market, By Application

• Residential
• Commercial
• Industrial
• Utility-Scale Solar Power Plants