Solar Energy Solutions Market - Global Industry Analysis

Solar Energy Solutions Market

Solar Energy Solutions Market: Global Industry Analysis, Size, Share, Growth, Trends, and Forecast, 2020-2026

Category: Energy & Mining Report Format : PDF Report Code: ZMR-5741 Status : Upcoming

Description

Global Solar Energy Solutions Market: Overview

Solar power or solar energy is the radiant energy which comes from the sun, utilized by implementing multiple technologies including photovoltaic cells, solar heating, and other methods. Solar power can be converted into electrical or thermal energy. Solar energy is a perfect renewable energy solution and an efficient method of conventional energy source to tackle the various disadvantages of global warming and greenhouse gas emissions. There exist three methods for harnessing solar power - solar heating & cooling, concentrating solar power, and photovoltaics (PV). Solar energy is an extremely flexible power technology: it is built as a central-station, utility-scale solar power plant which is similar to the traditional power plants, or can be built as distributed generation which is located near the point of use.

Report Scope:

Report Attribute Details
Base Year 2020
Historic Years 2016 - 2020
Forecast Years 2021 - 2028
Segments Covered By Product Type, By Application, and By End Use
Forecast Units Value (USD Billion), and Volume (Units)
Quantitative Units Revenue in USD million/billion and CAGR from 2021 to 2028
Regions Covered North America, Europe, Asia Pacific, Latin America, and Middle East & Africa, and Rest of World
Countries Covered U.S., Canada, Mexico, U.K., Germany, France, Italy, Spain, China, India, Japan, South Korea, Brazil, Argentina, GCC Countries, and South Africa, among others
Number of Companies Covered 10 companies with scope for including additional 15 companies upon request
Report Coverage Market growth drivers, restraints, opportunities, Porter’s five forces analysis, PEST analysis, value chain analysis, regulatory landscape, market attractiveness analysis by segments and region, company market share analysis, and COVID-19 impact analysis.
Customization Scope Avail customized purchase options to meet your exact research needs.

Global Solar Energy Solutions Market: Growth Factors

The increment in environmental pollution over the last decade is a major growth driver for the global solar energy solutions market. This is because governments of various nations are increasingly adopting the use of solar energy solutions to effectively face environmental degradation, depletion of fossil fuel & crude oil, and the increasing need for energy. Furthermore, the drop in water consumption that was otherwise required on a large scale for the generation of solar energy has augmented the demand for solar energy systems and its related components due to the fast advancements in the solar power industry.

Also, there has been an increased requirement for solar cells attributable to the increase in rooftop installations due to their ease and convenience, coupled with the surge in the application of solar energy in the agricultural industry. The large-scale need of solar power towers and parabolic troughs in the process of electricity generation is another growth factor projected to stimulate the demand for solar power systems.

However, the adoption of solar technologies is affected by factors including competitiveness, overall production, and reliability. Also, geographical latitudes and climatic conditions hamper the overall solar energy solutions market expansion. This is specifically observed in rainfall and snowfall-prone countries.

Global Solar Energy Solutions Market: Segmentation

The global solar energy solutions market has been differentiated on the basis of solar module, technology, application, end-use, and region. On the basis of solar module, the global solar energy solutions market can be segregated into polycrystalline, monocrystalline, amorphous silicon cells, cadmium telluride, and others. Polycrystalline and monocrystalline silicon cells, both have observed an increased requirement particularly in residential applications. Amorphous silicon cells and cadmium telluride cells are projected to make available ample opportunities for expansion, attributable to the low cost of the materials.

Based on technology, the market can be bifurcated into concentrated solar power systems and photovoltaic systems. Concentrated solar power systems is further sub-segmented into solar power tower, dish stirling, parabolic trough, and Fresnel reflectors.

By application, the global solar energy solutions market is segmented into commercial, residential, and industrial. On the basis of end-use, the market has been categorized into heating, lighting, electricity generation, and charging.

Global Solar Energy Solutions Market: Regional Analysis

Since the emerging nations such as Japan and China are substantially increasing the manufacturing capabilities of solar-related technologies due to the favorable government policies, incentives & plans, and merger & acquisitions, partnerships, and collaborations undertaken by the local producers, the regional solar energy solutions market of Asia Pacific is projected to grow rapidly during the forecast timeline.

Additionally, Europe and North America are both largely focusing on research & development (R&D) to magnify the growth and demand potential. Moreover, because solar energy is a renewable source of energy, more people are preferring the usage of such methods for household power generation too.

Also, Middle East & Africa have gained impetus, thanks to the improvement in terms of applications of solar energy for agriculture, architecture, and energy generation. The increasing per capita income, improving standard of living, rising awareness among the common public regarding the various benefits associated with solar energy and other renewable energy sources, technological enhancements in the renewable energy sector, and the raising concerns regarding the utilization of fossil fuels are some other factors causing an increase in the demand for solar energy solutions, which in turn is expected to augment the solar energy solutions market in the region.

Global Solar Energy Solutions Market: Competitive Players

The major names competing in the global solar energy solutions market comprise of Canadian Solar, Crius Solar, LLC, First Solar, Horizon Solar Power, Inc., Peterson-Dean, Inc., Solar Spectrum, SunPower Corporation, Suzlon Energy Limited, Vivint Solar, Inc., Amplus Solar, Complete Solar Solution, Inc., Dividend Solar, Inc., Hanwha Q CELLS, LONGi Solar, Solar Energy Solutions, Sunlux Energy Corporation, Trina Solar, and Sunrun Inc.

Global Solar Energy Solutions Market: Regional Segment Analysis

  • North America
    • The U.S.
    • Canada
  • Europe
    • France
    • The UK
    • Spain
    • Germany
    • Italy
    • Rest of Europe
  • Asia Pacific
    • China
    • Japan
    • India
    • South Korea
    • Southeast Asia
    • Rest of Asia Pacific
  • Latin America
    • Brazil
    • Mexico
    • Rest of Latin America
  • Middle East & Africa
    • GCC
    • South Africa
    • Rest of Middle East & Africa

What Reports Provides

  • Full in-depth analysis of the parent market
  • Important changes in market dynamics
  • Segmentation details of the market
  • Former, on-going, and projected market analysis in terms of volume and value
  • Assessment of niche industry developments
  • Market share analysis
  • Key strategies of major players
  • Emerging segments and regional markets
  • Testimonials to companies in order to fortify their foothold in the market.

 

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FrequentlyAsked Questions

The increment in environmental pollution over the last decade is a major growth driver for the global solar energy solutions market. This is because governments of various nations are increasingly adopting the use of solar energy solutions to effectively face environmental degradation, depletion of fossil fuel & crude oil, and the increasing need for energy.

The major names competing in the global solar energy solutions market comprise of Canadian Solar, Crius Solar, LLC, First Solar, Horizon Solar Power, Inc., Peterson-Dean, Inc., Solar Spectrum, SunPower Corporation, Suzlon Energy Limited, Vivint Solar, Inc., Amplus Solar, Complete Solar Solution, Inc., Dividend Solar, Inc., Hanwha Q CELLS, LONGi Solar, Solar Energy Solutions, Sunlux Energy Corporation, Trina Solar, and Sunrun Inc.

Since the emerging nations such as Japan, and China are substantially increasing the manufacturing capabilities of solar-related technologies due to the favorable government policies, incentives & plans, and merger & acquisitions, partnerships, and collaborations undertaken by the local producers, the regional solar energy solutions market of Asia Pacific is projected to grow rapidly during the forecast timeline.

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