Market Overview

The Switzerland solar energy market was valued at 0.004 Thousand Gigawatt in 2024 and is projected to reach 0.048 Thousand Gigawatt by 2033, exhibiting a CAGR of 28.90% during 2025-2033. Driven by strong government support, rising electricity demand, and sustainability goals, the market benefits from incentives like feed-in tariffs and subsidies promoting residential and commercial solar adoption. Technological advancements and decentralized energy policies further support growth. 

Study Assumption Years

• Base Year: 2024
• Historical Year/Period: 2019-2024
• Forecast Year/Period: 2025-2033

Switzerland Solar Energy Market Key Takeaways

• Current Market Size: 0.004 Thousand Gigawatt in 2024
• CAGR: 28.90% (2025-2033)
• Forecast Period: 2025-2033
• The Swiss government’s commitment to net-zero emissions by 2050 drives solar adoption through subsidies, feed-in tariffs, and tax benefits.
• Battery energy storage system installations in new residential solar setups have doubled annually in recent years.
• Technological improvements such as high-efficiency PV modules and energy storage enhance solar viability in diverse Swiss climates.
• Policy reforms like the June 2024 electricity law mandate solar installations on large buildings.
• Decentralized energy systems empower communities to contribute to the grid, fostering localized solar generation.

Sample Request Link: https://www.imarcgroup.com/Switzerland-Solar-Energy-Market/requestsample

Market Growth Factors

The solar market in Switzerland is strongly supported by the net-zero emissions target of the Swiss government for 2050. Investment subsidies, feed-in tariffs, and tax exemption measures from the federal government have led to an important uptake of photovoltaic (PV) technology by commercial and residential users. Around half of new residential solar installations are equipped with BESS. BESS installs have almost doubled during the past three years. Battery prices should reach $115/kWh during 2024 according to experts. Solar is expected to generate 14% of the nation's electricity in that year.

This is driven by the increased demand for renewable energy in response to energy security and the increasing cost of fossil fuels, as well as the increasing demand for electricity because of the increased penetration of electric vehicles and the digitalization of the economy where solar provides cheaper and reliable power. Technical developments such as higher efficiency PV modules, energy storage, building-integrated photovoltaics (BIPV), rooftop photovoltaics and new financing business models and community energy projects in partnership with national and local utilities improve the competitiveness and potential of PV systems in the different environmental and even disadvantaged sites across Switzerland.

Government policies and regulations encourage growth. One example is the June 2024 electricity law. That law requires the installation of PV systems in new large-scale buildings. It also incentivizes developers. The Energy Strategy 2050 seeks to gradually phase out the use of nuclear energy and increase the share of renewable energy in the mix, while subsidy programs and tax rebates have lowered the entry price for solar power. Grants aid research and development, so they innovate on bifacial and thin-film solar panels using increased efficiency and aesthetic improvements. These innovations, along with society increasingly accepting sustainability, allowed solar power to grow throughout the country's residential, commercial, and industrial sectors.

Market Segmentation

By Technology:

• Solar Photovoltaic (PV): Adaptable and cost-effective for decentralized energy production, suitable for rooftops and building facades in Switzerland's land-constrained environment. Government support and advancements in PV efficiency drive adoption.
• Concentrated Solar Power (CSP): Provides thermal energy storage for electricity generation without sunlight, supporting grid stability and peak demand management. CSP also offers value in hybrid renewable systems.

By Application:

• On-grid: Integrates renewable energy directly into the national grid, supported by government incentives and feed-in tariffs. Highly scalable and efficient, preferred for urban and industrial use.
• Off-grid: Serves remote, mountainous regions lacking grid access. Offers energy independence and reliability for isolated communities, alpine facilities, and temporary infrastructure. Rising demand among environmentally conscious consumers.

By End User:

• Residential: Major contributors driven by environmental awareness and government incentives like subsidies and tax rebates. Increasing rooftop installations reduce bills and carbon footprints.
• Commercial: Solar adoption to cut operational costs and meet sustainability targets. Includes office buildings, retail spaces, and service providers using rooftop or building-integrated PV systems.
• Industrial: Used for cost savings and energy security in manufacturing and logistics. Large-scale installations offset substantial energy demands, supported by Switzerland's green industry initiatives.

Regional Insights

Zurich leads Switzerland's solar energy market with high adoption due to a strong economic base, advanced infrastructure, and sustainability commitments. High urban density and municipal policies drive rooftop solar installations. Other regions like Espace Mittelland, Lake Geneva Region, Northwestern Switzerland, Eastern Switzerland, Central Switzerland, and Ticino also contribute, supported by favorable sunlight, policy backing, and mixed urban-rural environments facilitating solar integration.

Recent Developments & News

In April 2025, Swiss start-up Sun-Ways inaugurated an 18 kW removable solar power plant on an active railway in Neuchâtel, expected to generate 16 MWh annually. February 2025 saw Axpo begin construction of the 8 MW NalpSolar alpine plant at 2,000 meters altitude aiming for 11 GWh production annually. January 2025 featured AMAG Group AG's contract for solar gasoline fuel from Synhelion, and the commencement of the 12 MW Madrisa Solar alpine photovoltaic plant near Klosters, projecting 17 GWh/year generation.

Key Players

• ABB
• EKZ
• Repower AG
• Madrisa Solar AG
• Axpo
• AMAG Group AG
• Synhelion
• Sun-Ways

If you require any specific information that is not covered currently within the scope of the report, we will provide the same as a part of the customization.

About Us

IMARC Group is a global management consulting firm that helps the world’s most ambitious changemakers to create a lasting impact. The company provide a comprehensive suite of market entry and expansion services. IMARC offerings include thorough market assessment, feasibility studies, company incorporation assistance, factory setup support, regulatory approvals and licensing navigation, branding, marketing and sales strategies, competitive landscape and benchmarking analyses, pricing and cost research, and procurement research.

Contact Us

IMARC Group,

134 N 4th St. Brooklyn, NY 11249, USA,

Email: sales@imarcgroup.com,

Tel No: (D) +91 120 433 0800,

United States: +1-201971-6302