Solar Energy Market Size, Share, Top Key Players, Growth, Drivers, Research Methodology
- elizabethsanchez28
- Jul 5, 2021
- 4 min read
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.
The report is furnished with the impact of the current COVID-19 pandemic. The pandemic is rearranging every aspect of the market from the global economic scenario to product demands and supply chains. The report assesses the hardest-hit sectors of the industry to offer a better understanding of the changes in the Solar Energy market. The report is updated with the initial and future assessment of the impact of the COVID-19 pandemic on the Global 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
· 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.
· Europe accounted for the largest market share of the solar energy market in 2019 due to the favorable regulatory framework, such as incentives and tax rebates on installing the solar panels.
· 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)
o Concentrated Solar Power (CSP)
o Solar Photovoltaic (PV)
· Application Outlook (Revenue, USD Billion; 2017-2027)
o Commercial
o Residential
o Industrial
· End-Use Outlook (Revenue, USD Billion; 2017-2027)
o Lighting
o Charging
o Electricity generation
o 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)
Request customization of the report @ https://www.emergenresearch.com/request-for-customization/230
Some Fundamental Market Parameters Elucidated in the Report:
Market dynamics: The Solar Energy market report explains the scope of various commercial possibilities over the next few years and further estimates revenue build-up over the forecast years. It analyzes the key market segments and sub-segments and provides deep insights into the market to assist readers in developing vital strategies for profitable business expansion.
Competitive Outlook: The established market players operating in the Solar Energy industry have been listed in this report, with a major focus on their geographical reach and production facilities. To gain a competitive advantage over the other players in the Solar Energy industry, the leading players are focusing more on offering products at rational prices.
Objectives of the Report: The chief aim of the research report is to provide the manufacturers, distributors, suppliers, and buyers engaged in this sector with access to a deeper and improved understanding of the global Solar Energy market.
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.
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.
Contact Us:
Eric Lee
Corporate Sales Specialist
Emergen Research | Web: www.emergenresearch.com
Direct Line: +1 (604) 757-9756
E-mail: sales@emergenresearch.com
Comments