The global solar power market was worth $158.8 billion in 2021 and is estimated to grow at a compound annual growth rate (CAGR) of 15.3% to reach $371.7 billion in 2027.

Solar power technologies are renewable energy technologies that in some way harness the power of the sun to create energy, mainly in the form of electric power. Current solar power plants use one of two technologies: photovoltaic (PV) systems or concentrated solar power (CSP) systems.