Business

Solar Energy Industry Trends, Revenue, Size, Analysis, Key Players, Growth, Share and Forecast Till 2027

The global Solar Energy Market will be worth USD 243.95 Billion by 2027, according to a current analysis by Emergen Research. The growth of this market can be attributed to the growing global population and the increasing demand for electricity in developing countries. The decreasing cost of renewable sources of energy is expected to drive the industry’s growth over the forecast period. The increasing cost of coal, gas, or oil has resulted in the government’s growing initiatives to reduce the dependency on coal-generated energy.

Our team has leveraged analytical tools like Porter’s Five Forces Analysis and SWOT Analysis to discern vital information about the leading market regions’ competitive scenario. Additionally, the report explains the latest global economic landscape scenario with respect to the currently unfolding COVID-19 pandemic. The pandemic has significantly affected millions of lives and markets worldwide. Besides, it has led to massive disruptions in this particular business sphere. The report encompasses the effects of the pandemic on the Solar Energy market.

Request a sample of the Global Solar Energy Market report @ https://www.emergenresearch.com/request-sample/230

Key Highlights From The Report

  • In July 2019, a partnership was formed between NTT Com-Netmagic and Tata Power Solar. The association was created with an aim to provide an IT solution for the company’s upcoming 50MW solar photovoltaic power plant project in Maharashtra.
  • The industrial segment held the largest market share of 48.5% in 2019 due to the increasing adoption of renewable energy sources for power generation as the industries want to be less carbon-intensive and more energy efficient in the future.
  • Solar energy is mainly used for the generation of electricity due to the rapid urbanization in developing economies coupled with the government’s increasing initiative to reduce dependency on coal-generated energy.
  • Key participants include Borrego Solar Systems Inc., Abengoa Solar SA, AREVA, BrightSource Energy Inc., Acciona Energia, S.A., ESolar Inc., Tata Power Solar, First Solar Inc., Evergreen Solar Inc., and Canadian Solar, among others.

Market Segmentation:

Emergen Research has segmented the global Solar Energy Market on the basis of Technology, Application, End-Use, and region:

  • Technology Outlook (Revenue, USD Billion; 2017-2027)
    • Concentrated Solar Power (CSP)
    • Solar Photovoltaic (PV)
  • Application Outlook (Revenue, USD Billion; 2017-2027)
    • Commercial
    • Residential
    • Industrial
  • End-Use Outlook (Revenue, USD Billion; 2017-2027)
    • Lighting
    • Charging
    • Electricity generation
    • Heating

The most prominent geographical segments covered in the report include:

North America (U.S., Canada)

Europe (U.K., Italy, Germany, France, Rest of EU)

Asia Pacific (India, Japan, China, South Korea, Australia, Rest of APAC)

Latin America (Chile, Brazil, Argentina, Rest of Latin America)

Middle East & Africa (Saudi Arabia, U.A.E., South Africa, Rest of MEA)

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Objectives of the Global Solar Energy Market Study:

  • An in-depth study of the evolving market sectors and the growth & penetration status of the global Solar Energy market
  • COVID-19 Impact Analysis to highlight the major opportunities and challenges
  • Strategic recommendations to help readers formulate lucrative business strategies
  • Identification of the emerging players and their tactical approaches to expand market presence
  • An extensive study of the product portfolios of the major market players and their regional presence
  • A closer look at the strategic initiatives undertaken by the leading companies across this industry, including mergers & acquisitions, collaborations, partnerships, and joint ventures

Table Of Content:

Chapter 1. Methodology & Sources
1.1. Market Definition
1.2. Research Scope
1.3. Methodology
1.4. Research Sources
1.4.1. Primary
1.4.2. Secondary
1.4.3. Paid Sources
1.5. Market Estimation Technique
Chapter 2. Executive Summary
2.1. Summary Snapshot, 2019-2027
Chapter 3. Key Insights
Chapter 4. Solar Energy Market Segmentation & Impact Analysis
4.1. Solar Energy Market Material Segmentation Analysis
4.2. Industrial Outlook
4.2.1. Market indicators analysis
4.2.2. Market drivers analysis
4.2.2.1. Increasing demand for electricity
4.2.2.2. Increasing initiatives of the government to reduce carbon emissions
4.2.2.3. Favorable government regulations
4.2.2.4. Technological advancements of the renewable energy sources
4.2.2.5. Low maintenance and operating cost
4.2.3. Market restraints analysis
4.2.3.1. High installation cost
4.2.3.2. High electricity cost compared to other sources
4.2.3.3. Low capacity factor
4.2.3.4. Present challenging economic conditions due to the pandemic
4.3. Technological Insights
4.4. Regulatory Framework
4.5. Porter’s Five Forces Analysis
4.6. Competitive Metric Space Analysis
4.7. Price trend Analysis
4.8. Covid-19 Impact Analysis

Chapter 5. Solar Energy Market By Technology Insights & Trends, Revenue (USD Million), Volume (Kilo Tons)
5.1. Technology Dynamics & Market Share, 2019 & 2027
5.1.1. Concentrated Solar Power (CSP)
5.1.2. Solar Photovoltaic (PV)

Chapter 6. Solar Energy Market By Application Insights & Trends Revenue (USD Million), Volume (Kilo Tons)
6.1. Application Dynamics & Market Share, 2019 & 2027
6.1.1. Commercial
6.1.2. Residential
6.1.3. Industrial

CONTINUED…!

To know more about the report, visit @ https://www.emergenresearch.com/industry-report/solar-energy-market

Thank you for reading our report. For further details or to inquire about customization, please connect with us. Our team will make sure your report is designed as per your needs.

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About Emergen Research

Emergen Research is a market research and consulting company that provides syndicated research reports, customized research reports, and consulting services. Our solutions purely focus on your purpose to locate, target, and analyze consumer behavior shifts across demographics, across industries, and help clients make smarter business decisions. We offer market intelligence studies ensuring relevant and fact-based research across multiple industries, including Healthcare, Touch Points, Chemicals, Types, and Energy. We consistently update our research offerings to ensure our clients are aware of the latest trends existent in the market. Emergen Research has a strong base of experienced analysts from varied areas of expertise. Our industry experience and ability to develop a concrete solution to any research problems provides our clients with the ability to secure an edge over their respective competitors.

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