The solar photovoltaic (<20 kW) electricity production capacity in France saw significant growth over the past decade, standing at 2030 Megawatts in 2023. From 2013 to 2023, the sector experienced various year-on-year growth rates, including standout increases in 2013 (14.55%) and 2021 (9.99%). However, growth has tapered off, illustrated by a 5.67% increase in 2023. The 5-year CAGR leading up to 2023 is 7.09%. Over the next five years, forecasted growth is expected to be more modest, with a forecast 5-year CAGR of 3.61%, indicating a slower growth trend.

Future trends to watch for:

Technological advancements that may drive higher efficiency and lower costs for photovoltaic systems.
Government policies and incentives that could influence investment and adoption rates.
Transition to residential and small-scale commercial solar projects, which could sustain growth despite the slowdown.
Potential shifts in the broader energy market, including competition from other renewable sources.