July 24, 2020

Solar Energy Market Size, Key Players, Global Forecast to 2026

Latest Solar Energy Market Report published by value market research, it provides a comprehensive market analysis which includes market size, share, value, growth, trends during forecast period 2020-2026 along with strategic development of the key player with their market share. Further, the market has been bifurcated into sub-segments with regional and country market with in-depth analysis.

The research report also covers the comprehensive profiles of the key players in the market and an in-depth view of the competitive landscape worldwide. The major players in the solar energy market include Abengoa Solar S.A., Acciona Energia S.A., Wuxi Suntech Power Co. Ltd., Bright source Energy Inc., Esolar Inc., Gintech Energy Corp., Kaneka Corp., Sunpower Corporation, Canadian Solar Inc., and Tata Power Solar. This section includes a holistic view of the competitive landscape that includes various strategic developments such as key mergers & acquisitions, future capacities, partnerships, financial overviews, collaborations, new product developments, new product launches, and other developments.

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Market Dynamics

The development of the solar energy market is directed by an increase in environmental pollution levels across the globe and well-established and favorable government programs for the installation of solar panels. Furthermore, the decrease in water use (both direct and indirect) associated with the solar energy systems is anticipated to fuel demand for solar energy in the power generation sector. The demand for solar cells has witnessed high-wave momentum on account of rooftop installations accompanied by ever-increasing applications in residential and commercial sectors. However, the COVID-19 pandemic is predicted to impact the global market in an uncertain way. Also, high installation and maintenance costs, conventional grid structure, and oversupply of solar channels act as the key challenges for the solar energy industry. On the other hand, the demand for sustainable and green energy is anticipated to drive the growth of the solar energy market across the globe.

The report covers Porter’s Five Forces Model, Market Attractiveness Analysis and Value Chain analysis. These tools help to get a clear picture of the industry’s structure and evaluate the competition attractiveness at a global level.

Additionally, these tools also give inclusive assessment of each application/product segment in the global market of solar energy.

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Market Segmentation

The entire solar energy market has been sub-categorized into technology, solar module, application and end-use. The report provides an analysis of these subsets with respect to the geographical segmentation. This research study will keep marketer informed and helps to identify the target demographics for a product or service.

By Technology

1. Photovoltaic Systems

2. Concentrated Solar Power Systems

·         Parabolic Trough

·         Solar Power Tower

·         Fresnel Reflectors

·         Dish Stirling

By Solar Module

·         Monocrystalline

·         Polycrystalline

·         Cadmium Telluride

·         Amorphous Silicon Cells

·         Others

By Application

·         Residential

·         Commercial

·         Industrial

By End-Use

·         Electricity Generation

·         Lighting

·         Heating

·         Charging

Regional Analysis

This section covers regional segmentation which accentuates on current and future demand for solar energy market across North America, Europe, Asia-Pacific, Latin America, and Middle East & Africa. Further, the report focuses on demand for individual application segment across all the prominent regions.

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