Pro
04008001.2K1.6KUSD Mn201820192020202120222023202420252026
Asia-Pacific
North America
Europe
Middle East & Africa
South America
Technology & Electronics
Global System on Module Market, By Country, 2018–2026
| Label | North America | Europe | Asia-Pacific | Middle East & Africa | South America |
|---|---|---|---|---|---|
| 2018 | 621.4 USD Mn | 535.4 USD Mn | 712.4 USD Mn | 178.8 USD Mn | 128.5 USD Mn |
| 2019 | 683.9 USD Mn | 579.6 USD Mn | 795.2 USD Mn | 192.6 USD Mn | 139 USD Mn |
| 2020 | 683.1 USD Mn | 569.3 USD Mn | 805.6 USD Mn | 188.3 USD Mn | 136 USD Mn |
| 2021 | 690.3 USD Mn | 565.8 USD Mn | 825.7 USD Mn | 186.2 USD Mn | 134.2 USD Mn |
| 2022 | 717.5 USD Mn | 578.4 USD Mn | 870.4 USD Mn | 189.4 USD Mn | 135.7 USD Mn |
| 2023 | 766.5 USD Mn | 607.7 USD Mn | 943.1 USD Mn | 198.1 USD Mn | 140.4 USD Mn |
| 2024 | 841.2 USD Mn | 655.9 USD Mn | 1049.7 USD Mn | 212.8 USD Mn | 148.7 USD Mn |
| 2025 | 948 USD Mn | 727 USD Mn | 1199.8 USD Mn | 234.7 USD Mn | 160.9 USD Mn |
| 2026 | 1096.6 USD Mn | 827.1 USD Mn | 1407.7 USD Mn | 265.7 USD Mn | 177.9 USD Mn |
Data Source: Wantstats Repository
Market Dynamics
2026: Asia-Pacific accounts for 37% of the combined USD total across these 5 groups, the largest single share.
North America is runner-up at 1.10B USD — 22% off the lead.
Asia-Pacific grows to 1.41B USD by 2026, from 712.40M USD in 2018 — 98% up.
North America: 621.40M USD to 1.10B USD, 76% higher by 2026.
Europe: up 54% over the period, 535.40M USD to 827.10M USD.
Middle East & Africa: 178.80M USD in 2018 to 265.70M USD by 2026, up 49%.
South America climbs from 128.50M USD (2018) to 177.90M USD (2026), a 38% gain.
Add every series together and the total reaches 3.77B USD by 2026, 73% above the 2018 combined figure of 2.18B USD.
Making Sense Of 5 Series At Once
With 5 series on one chart, the shape that matters is how the ranking shifts over time, not just where each line starts or ends.
Do not confuse "biggest" with "fastest-growing" — they are frequently different series on a chart like this one, and the gap between them can close faster than the current ranking suggests.
For planning purposes, the end-year figure and the growth rate are the two numbers that matter. Together they show how large the Global System on Module market is projected to become and how quickly it gets there.
This is a market research forecast, not an official statistic. Values after the 2018 base year are modeled projections to 2026, based on supply-side and demand-side analysis, and are updated when market conditions change.
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04509001.4K1.8KUSD Mn201820192020202120222023202420252026
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04509001.4K1.8KUSD Mn201820192020202120222023202420252026
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