The　solar　energy　share　in　Sweden　will　soar　over　the　next　decades.　Such　transition　offers　not　great　opportunity　but　uncertainties　for　the　emerging　solar　PV/thermal　(PV/T)　technologies.　There　are　still　critical　challenges　for　PV/T　development　in　Swedish　scenario.　This　paper　aims　to　investigate　the　local　policies　and　market　structures　in　Sweden　by　a　set　of　analytical　economic　frameworks　and　a　case　study.　A　macro-economic　exposure　analysis　in　Swedish　context　is　conducted　and　a　PEST　model　is　then　applied　for　analysis　of　external　environment　of　PV/T　industry　in　Sweden.　The　PV/T　market　is　further　analysed　based　on　a　case　product　by　means　of　SWOT　and　Porter＇s　five　forces.　The　whole　study　concludes　that　the　market　of　solar　PV/T　is　expanding　mostly　towards　small-and　medium-sized　energy　plants.　The　market　position　of　the　case　company　meets　the　trend　of　PV/T　market,　which　has　an　overwhelming　competence　against　its　competitor　in　the　domestic　market.　This　paper　is　expected　to　clarify　the　economic　situations　of　PV/T　in　Sweden　and　promote　its　further　development　towards　sustainable　and　low-carbon　economics.　©　Published　under　licence　by　IOP　Publishing　Ltd.