Solar Energy Market in Bangladesh Size & Share Analysis - Growth Trends & Forecasts (2025 - 2030)

The report covers Rooftop Solar Systems in Bangladesh and it is segmented by technology (solar photovoltaic (PV) and concentrated solar photovoltaic (CSP)). The market size and forecasts for installed capacity (megawatts) for all the above segments.

Solar Energy Market in Bangladesh Size & Share Analysis - Growth Trends & Forecasts (2025 - 2030)

Solar Energy in Bangladesh Market Size

View Global Report
Bangladesh Solar Energy Market Summary
Study Period 2020 - 2030
Base Year For Estimation 2024
Forecast Data Period 2025 - 2030
Market Volume (2025) 0.76 gigawatt
Market Volume (2030) 3.90 gigawatt
CAGR 38.60 %
Market Concentration Medium

Major Players

Bangladesh Solar Energy Market Major Players

*Disclaimer: Major Players sorted in no particular order

Compare market size and growth of Bangladesh Solar Energy Market with other markets in Energy & Power Industry

Oil and Gas

Power

Battery

Decommissioning

Emerging Energy Technologies

Energy Storage Technology

Solar Energy in Bangladesh Market Analysis

The Bangladesh Solar Energy Market size is estimated at 0.76 gigawatt in 2025, and is expected to reach 3.90 gigawatt by 2030, at a CAGR of 38.6% during the forecast period (2025-2030).

The market was negatively impacted by the outbreak of COVID-19 due to regional lockdowns and delays in ongoing and upcoming projects. Currently, the market has rebounded to pre-pandemic levels.

  • Factors such as supportive government policies, rising environmental concerns, incentives, and tax benefits for solar panel installations are expected to drive the market during the forecast period.
  • However, the increasing adoption of alternative clean energy sources and the high initial investment costs of solar projects are expected to hinder market growth during the forecast period.
  • Bangladesh has set an ambitious goal of generating more than 4,100 megawatts of electricity from renewable energy sources by 2030. Solar power is likely to account for half of the country's power generation, creating a significant opportunity for the country's solar energy market.

Solar Energy in Bangladesh Industry Overview

The Bangladesh solar energy market is moderately fragmented. Some of the major companies operating in the market (in no particular order) include Solar Electro Bangladesh Ltd, Solarland Bangladesh Co. Ltd, Bangladesh China Renewable Energy Company (Pvt.) Limited, Alfanar Group, and Green Power Ltd.

Solar Energy in Bangladesh Market Leaders

  1. Solarland Bangladesh Co. Ltd.,

  2. Solar Electro Bangladesh Ltd.

  3. Green Power Ltd.

  4. Alfanar Group

  5. Bangladesh China Renewable Energy Company (Pvt.) Limited

  6. *Disclaimer: Major Players sorted in no particular order
Bangladesh Solar Energy Market Concentration
Need More Details on Market Players and Competiters?
Download PDF

Solar Energy in Bangladesh Market News

  • January 2023: The Bangladesh government signed two agreements with a solar project backed by China for its implementation in Sirajganj. A 68 MW solar power project worth USD 87.7 million on a 210-acre piece of land on the bank of the Jamuna River in Sirajganj is the first initiative of the joint venture, which aims to supply 500 MW of electricity.
  • September 2022: The Bangladesh Power Development Board (BPDB) revealed in a filing before the Dhaka Stock Exchange that a solar power project with a capacity of 30 MW was operationalized in the northern region of Bangladesh.

Solar Energy in Bangladesh Market Report - Table of Contents

1. INTRODUCTION

  • 1.1 Scope of the Study
  • 1.2 Market Definition
  • 1.3 Study Assumptions

2. EXECUTIVE SUMMARY

3. RESEARCH METHODOLOGY

4. MARKET OVERVIEW

  • 4.1 Introduction
  • 4.2 Renewable Energy Mix, Bangladesh, 2022
  • 4.3 Bangladesh Solar Energy Installed Capacity and Forecast, in MW, till 2028
  • 4.4 Government Policies and Regulations
  • 4.5 Recent Trends and Developments
  • 4.6 Market Dynamics
    • 4.6.1 Drivers
    • 4.6.2 Restraints
  • 4.7 Supply Chain Analysis
  • 4.8 PESTLE Analysis

5. MARKET SEGMENTATION - BY TECHNOLOGY

  • 5.1 Solar Photovoltaic (PV)
  • 5.2 Concentrated Solar Power (CSP)

6. COMPETITIVE LANDSCAPE

  • 6.1 Mergers and Acquisitions, Joint Ventures, Collaborations, and Agreements
  • 6.2 Strategies Adopted by Leading Players
  • 6.3 Company Profiles
    • 6.3.1 Solarland Bangladesh Co. Ltd
    • 6.3.2 Solar Electro Bangladesh Ltd
    • 6.3.3 Green Power Ltd
    • 6.3.4 Alfanar Group
    • 6.3.5 Bangladesh China Renewable Energy Company (Pvt.) Limited
    • 6.3.6 Joules Power Ltd
    • 6.3.7 Symbior Solar
    • 6.3.8 Trina Solar Co. Ltd
  • *List Not Exhaustive

7. MARKET OPPORTUNITIES AND FUTURE TRENDS

**Subject to Availability
You Can Purchase Parts Of This Report. Check Out Prices For Specific Sections
Get Price Break-up Now

Solar Energy in Bangladesh Industry Segmentation

Solar energy is the conversion of energy present in the sun and is one of the renewable energies. Once the sunlight passes through the earth's atmosphere, most of it is visible light and infrared radiation. Solar cell panels are used to convert this energy into electricity.

The Bangladesh solar energy market is segmented by technology. The market is segmented by technology into solar photovoltaic (PV) and concentrated solar photovoltaic (CSP). The market sizing and forecasts have been done based on installed capacity (megawatts).

Need A Different Region or Segment?
Customize Now

Solar Energy in Bangladesh Market Research FAQs

How big is the Bangladesh Solar Energy Market?

The Bangladesh Solar Energy Market size is expected to reach 0.76 gigawatt in 2025 and grow at a CAGR of 38.60% to reach 3.90 gigawatt by 2030.

What is the current Bangladesh Solar Energy Market size?

In 2025, the Bangladesh Solar Energy Market size is expected to reach 0.76 gigawatt.

Who are the key players in Bangladesh Solar Energy Market?

Solarland Bangladesh Co. Ltd.,, Solar Electro Bangladesh Ltd., Green Power Ltd., Alfanar Group and Bangladesh China Renewable Energy Company (Pvt.) Limited are the major companies operating in the Bangladesh Solar Energy Market.

What years does this Bangladesh Solar Energy Market cover, and what was the market size in 2024?

In 2024, the Bangladesh Solar Energy Market size was estimated at 0.47 gigawatt. The report covers the Bangladesh Solar Energy Market historical market size for years: 2020, 2021, 2022, 2023 and 2024. The report also forecasts the Bangladesh Solar Energy Market size for years: 2025, 2026, 2027, 2028, 2029 and 2030.

Solar Energy in Bangladesh Industry Report

Statistics for the 2025 Bangladesh Solar Energy market share, size and revenue growth rate, created by Mordor Intelligence™ Industry Reports. Bangladesh Solar Energy analysis includes a market forecast outlook for 2025 to 2030 and historical overview. Get a sample of this industry analysis as a free report PDF download.