Japan Solar Power Market Research Report, 2030

Japan’s solar power market has grown significantly in recent years, driven by the country’s commitment to renewable energy adoption and reducing its reliance on fossil fuels. Following the Fukushima Daiichi nuclear disaster in 2011, Japan has made substantial efforts to diversify its energy mix, with solar power playing a central role in this transformation. The residential sector has been a key driver of growth, with homeowners increasingly turning to solar power to meet their electricity needs, particularly as energy prices in the country continue to rise. The government has supported residential solar adoption through various subsidies and incentives, making it more affordable for households to install photovoltaic systems. Japan’s commercial and industrial sectors have also embraced solar energy as a way to cut operational costs and improve sustainability. Many large companies, particularly in the manufacturing and technology sectors, have installed solar panels on their facilities to meet corporate sustainability goals and comply with the country’s environmental regulations. In addition, Japan has made significant investments in utility-scale solar projects, with large solar farms being developed in regions such as Kyushu and Hokkaido. These large installations contribute to the national grid and support Japan’s efforts to achieve its renewable energy targets. The Japanese government has introduced policies, such as the feed-in tariff (FIT) scheme, which has provided financial incentives for solar power developers and has been instrumental in the growth of the solar industry. With its strong technological capabilities and focus on innovation, Japan’s solar power market continues to evolve, making the country a leader in renewable energy adoption. According to the research report, " Japan Solar Power Market Research Report, 2030," published by Actual Market Research, the Japan Solar Power Market is anticipated to add to more than USD 21.56 Billion by 2024–30. Japan’s solar power market is also characterized by technological advancements, with innovations in solar panel efficiency, energy storage, and smart grid integration. Japan is home to several leading solar manufacturers, and the country’s emphasis on research and development has led to the production of high-efficiency solar panels and advanced energy storage systems. The adoption of energy storage systems, including batteries, is particularly important in Japan, as it helps to address the intermittent nature of solar power and ensures a stable energy supply. Solar-plus-storage systems are gaining popularity, particularly in residential applications, where they allow homeowners to store excess energy generated during the day and use it during the night. Japan’s commitment to smart grid development is also playing a crucial role in the integration of solar power into the country’s energy system. Smart grids enable the efficient distribution of energy, allowing solar power to be combined with other renewable energy sources and ensuring a balanced and reliable energy supply. In addition, Japan is exploring the potential of combining solar power with other energy solutions, such as hydrogen, to create a more sustainable and resilient energy system. The government’s focus on decarbonizing the economy and achieving a 100% renewable energy target by 2050 is expected to drive further growth in the solar power market. As Japan continues to develop and adopt advanced solar technologies, the country is set to remain a key player in the global renewable energy landscape.

What's Inside a Actual Market Research`s industry report?

Asia-Pacific dominates the market and is the largest and fastest-growing market in the animal growth promoters industry globally

Download Sample

Japan's solar power market has evolved significantly in recent years, driven by advancements in photovoltaic (PV) technologies and an increased national focus on renewable energy following the Fukushima disaster in 2011. Photovoltaic systems, which convert sunlight into electricity, dominate Japan’s solar market due to their efficiency, versatility, and cost-effectiveness. The country’s geographical location, with a mix of sunny and cloudy regions, provides a moderate yet consistent amount of solar radiation, making PV systems an ideal energy solution. Japan has been investing heavily in photovoltaic technology, with a focus on improving efficiency and lowering costs, while also encouraging widespread adoption through government subsidies and incentives for residential, commercial, and industrial sectors. Additionally, Japan is also exploring Concentrated Solar Power (CSP) systems, particularly in areas where sunlight intensity is high, such as the southern parts of the country. CSP utilizes mirrors or lenses to concentrate sunlight to generate heat, which is then used to produce electricity. However, CSP adoption in Japan is still limited due to its higher installation costs and the land requirements compared to PV systems. Other technologies, such as thin-film solar panels and solar thermal systems, are also beginning to gain ground. Thin-film technology, for instance, offers flexibility in terms of material properties and is being explored for integration into building facades, while solar thermal systems are primarily used for water heating. As Japan continues to invest in renewable energy, innovations in solar technology and the adoption of diverse solutions will play a key role in reducing the country’s reliance on fossil fuels and achieving its renewable energy targets. The solar power market in Japan is characterized by a broad range of products, each contributing to the generation, storage, and management of solar energy. Solar panels, including monocrystalline, polycrystalline, and thin-film types, are the most crucial components. Monocrystalline panels are highly efficient and durable, making them a popular choice for both residential and commercial applications in Japan. These panels, although more expensive, offer the best performance, particularly in urban areas where space is limited. Polycrystalline panels, while slightly less efficient, are more affordable and are commonly used for larger installations. Thin-film panels, which are lightweight and flexible, are gaining popularity in certain applications, particularly for integration into building materials such as roofing and facades, where traditional rigid panels might not be ideal. In addition to solar panels, charge controllers are vital components in ensuring that power generated by the solar panels is managed efficiently. Charge controllers regulate the flow of electricity from the panels to batteries, preventing overcharging and ensuring optimal energy storage. Batteries, particularly lithium-ion batteries, are increasingly being used in Japan for both residential and commercial energy storage. These batteries allow excess energy generated during the day to be stored for use during periods of low sunlight, ensuring a constant power supply. The growth of electric vehicles (EVs) in Japan has also contributed to an increased demand for energy storage solutions. Inverters, which convert the direct current (DC) generated by solar panels into alternating current (AC) for use in homes and businesses, are another essential component of Japan’s solar power market. The rise of smart inverters, which provide real-time data monitoring, energy management, and grid stability features, is expected to further boost the efficiency of solar power systems in the country. Other products in Japan’s solar power market include solar-powered streetlights, solar water heaters, and off-grid solar solutions, especially in rural and remote areas where access to the national grid is limited. As Japan continues to prioritize renewable energy, these products will play a crucial role in increasing the adoption of solar energy across residential, commercial, and industrial sectors. In Japan, solar power installations are primarily categorized into ground-mounted, roof-mounted, and other specialized systems, with each type offering unique benefits and being suited for specific applications. Ground-mounted solar systems are typically used for large-scale utility projects and commercial installations due to the large land area they require. These systems are usually installed in rural areas or industrial zones where space is abundant, allowing for the installation of solar farms that can generate significant amounts of electricity. Ground-mounted installations are crucial for meeting Japan's renewable energy goals, particularly for utility-scale projects. Roof-mounted solar systems are more common in urban areas, where space is limited and land costs are high. These systems are especially popular among residential users who are looking to reduce their energy bills and increase their energy independence. Roof-mounted solar panels are also being adopted in commercial buildings, where businesses can take advantage of the benefits of solar energy while maximizing available roof space. The Japanese government offers incentives for both residential and commercial rooftop installations, making it an attractive option for homeowners and businesses alike. Additionally, building-integrated photovoltaics (BIPV) are becoming more popular, where solar panels are integrated directly into the building's structure, such as in windows, facades, and roofs. BIPV systems are particularly suited for urban environments, offering aesthetic value and energy generation in buildings that may not have the available roof space for traditional installations. These systems are gaining traction in new construction projects and are expected to play a larger role as Japan moves toward sustainable and energy-efficient building practices. Specialized installations, such as solar-powered water heaters, are also being adopted in Japan for residential and commercial applications. As the solar power market in Japan continues to grow, the combination of ground-mounted, roof-mounted, and specialized systems will be essential for meeting the country’s renewable energy targets and transitioning to a more sustainable energy future.

Make this report your own

We're excited to discuss your needs and our solutions. Let's schedule a call.

Ask an Expert

Nikita Jabrela

Business Development Manager

The solar power market in Japan is seeing significant demand across several end-use sectors, including residential, commercial/industrial, and utility-scale applications. The residential market in Japan has been growing steadily, with homeowners increasingly turning to solar power to reduce their electricity costs and enhance energy security. As electricity prices rise, many Japanese households are adopting solar panels for their roofs, with smaller rooftop systems becoming a popular choice for homeowners looking to reduce their reliance on the national grid. Government subsidies and incentives, including feed-in tariffs and tax credits, have further driven the adoption of solar energy in residential applications. Additionally, the growth of energy storage systems, such as lithium-ion batteries, has allowed homeowners to store excess solar energy for use during the night or during cloudy days, making solar energy a more reliable and consistent power source. In the commercial and industrial sectors, businesses are increasingly adopting solar power solutions to reduce energy costs, improve sustainability practices, and meet environmental targets. Commercial buildings, retail stores, factories, and manufacturing plants are all installing solar panels to power their operations and reduce their dependency on expensive electricity from the grid. Large-scale commercial installations are often coupled with energy storage systems, enabling businesses to manage energy consumption more effectively and ensure continuous power supply. In Japan’s industrial sector, solar power is used not only to reduce electricity costs but also to meet corporate social responsibility goals. The utility-scale solar sector is a key driver of Japan’s renewable energy expansion, with several large solar farms being developed in rural and semi-rural areas to meet the growing demand for clean energy. Ground-mounted solar farms are the primary method of installation for utility-scale projects, and they contribute significantly to Japan’s efforts to reduce its reliance on nuclear and fossil fuel-based energy sources. As Japan continues to invest in renewable energy, the solar power market will continue to grow across residential, commercial, industrial, and utility-scale applications, playing a crucial role in the country's transition to a sustainable energy future. Major Companies present in the market: Canadian Solar Inc., Trina Solar Co., Limited, Jinko Solar Holding Co., Limited, Longi Green Energy Technology Co., Limited, JA Solar Technology Co., Limited, Sunpower Corporation, First Solar Inc., Hanwha Corporation, Abengoa, S.A., Engie SA Considered in this report • Historical year: 2018 • Base year: 2024 • Estimated year: 2025 • Forecast year: 2030

Don’t pay for what you don’t need. Save 30%

Customise your report by selecting specific countries or regions

Specify Scope Now

Aspects covered in this report • Solar power market with its value and forecast along with its segments • Region-wise solar power market analysis • Various drivers and challenges • On-going trends and developments • Top profiled companies • Strategic recommendation Regions covered in the report • North America • Europe • Asia-Pacific • Latin America • Middle-East & Africa Types of Technology in the report: • Solar Photovoltaic • Concentrated Solar Power (CSP) • Others By Product • Solar Panels • Charge Controllers • Batteries • Inverters • Others By Installation • Ground mounted • Roof mounted • Others By Application in the report: • Residential • Commercial/ Industrial • Others The approach of the report: This report consists of a combined approach of primary as well as secondary research. Initially, secondary research was used to get an understanding of the market and listing out the companies that are present in the market. The secondary research consists of third party sources such as press releases, annual report of companies, analysing the government generated reports and databases. After gathering the data from secondary sources primary research was conducted by making telephonic interviews with the leading players about how the market is functioning and then conducted trade calls with dealers and distributors of the market. Post this we have started doing primary calls to consumers by equally segmenting consumers in regional aspects, tier aspects, age group, and gender. Once we have primary data with us we have started verifying the details obtained from secondary sources. Intended audience This report can be useful to industry consultants, manufacturers, suppliers, associations & organizations related to solar power industry, government bodies and other stakeholders to align their market-centric strategies. In addition to marketing & presentations, it will also increase competitive knowledge about the industry.