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 Global Solar Energy Market Research Report published by Emergen Research is furnished with the latest information about product specifications and portfolio, technological advancement, product type, and manufacturing. Major factors such as revenue, costs, and gross margin are taken into consideration while formulating this report. The report provides extensive data concerning the key market players along with their SWOT analysis, financial standing, technological and product development, and recent strategic business expansion plans.
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Global Solar Energy Market – Overview:
The latest market intelligence report, titled ‘Global Solar Energy Market’, is intended to provide the target audience with the necessary information about the global Solar Energy industry. The report comprises a detailed analysis of the vital elements of the Solar Energy market, including key drivers, constraints, opportunities, limitations, threats, and micro- and macro-economic factors. The report carefully investigates the present market scenario and the fundamental growth prospects.
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 Solar Photovoltaic segment is forecasted to be the fastest-growing segment over the forecast period. The industrial and commercial sectors increasingly use it for large scale power generation.
- 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.
The key players in the market are adopting various strategies such as mergers and acquisitions, product launches, partnerships, collaborations and brand promotions to retain their market position and enhance their product base. The report also sheds light on the market players in the global Solar Energy Market with important details about each market player such as its global position, financial standing, production and manufacturing capacity, license agreement, and business expansion plans.
Key Companies in the market 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.
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The primary aim of the report is to offer precise information to the readers and investor and help them invest after understanding the market dynamics at glance. The report offers in depth information about the competitive landscape of the global Solar Energy Market with extensive profiling of each market player with its global position, financial standing, business expansion plans, and license agreement.
The report sheds light on the region expected to dominate the Solar Energy market in the coming years. The report estimates the market size in terms of volume and value and offers an accurate estimate of the market share each region is anticipated to hold during the forecast period. The report analyzes the spread of the Solar Energy market in key geographies covering North America, Latin America, Europe, Asia Pacific, and Middle East & Africa. The regional analysis offers an idea about the production and consumption pattern, import/export, supply and demand ratio, revenue contribution, market share and size, and the presence of prominent players in each region.
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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)
- End-Use Outlook (Revenue, USD Billion; 2017-2027)
- Electricity generation
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Table of Content
Chapter 1. Methodology & Sources
1.1. Solar Energy Market Definition
1.2. Research Scope
1.4. Research Sources
1.4.3. Paid Sources
1.5. Solar Energy Market Estimation Technique
Chapter 2. Executive Summary
2.1. Summary Snapshot, 2021-2028
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. Solar Energy Market indicators analysis
4.2.2. Solar Energy Market drivers analysis
Key Questions Answered in the Report:
- What is the growth rate of the Solar Energy market? What is the anticipated market valuation of Solar Energy industry by 2028?
- What are the key growth driving and restraining factors of the Solar Energy market?
- Who are the prominent players operating in the market? What are the key strategies adopted by these companies?
- What are the key opportunities and growth prospects of the Solar Energy industry over the forecast period?
- Which region is expected to show significant growth in the coming years?
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