Global Solar Energy Market Size By Solar Module, By Application, By End User, By Geographic Scope And Forecast

Oct 2022| VMR5882A| Verified Market Research

Report Highlights

Solar Energy Market Insights

Solar Energy Market was valued at USD 62.17 Billion in 2019 and is projected to reach USD 261.59 Billion by 2027, growing at a CAGR of 19.7% from 2020 to 2027.

The Solar Energy Market report provides a holistic evaluation of the market for the forecast period. The report comprises various segments as well as an analysis of the trends and factors that are playing a substantial role in the market. These factors; the market dynamics involve the drivers, restraints, opportunities, and challenges through which the impact of these factors in the market are outlined. The drivers and restraints are intrinsic factors whereas opportunities and challenges are extrinsic factors of the market. The Solar Energy Market study provides an outlook on the development of the market in terms of revenue throughout the prognosis period.

Global Solar Energy Market Overview

The competition has significantly increased among manufacturers with the event in photovoltaic-based power distribution systems. Moreover, the worth of solar modules differs significantly in regions of Europe and Asia-Pacific, because the market is demand-oriented. Additionally, reduced profitability of module manufacturers and market acquisition stress causes a decline in the prices of solar panels. Furthermore, fluctuating price of silver, which may be a major raw material in solar module, drives the demand for solar panel installations and assist the Solar Energy Market growth.

This report provides an all-inclusive environment for the analysis of the Solar Energy Market. The market estimates provided in the report are the result of in-depth secondary research, primary interviews, and in-house expert reviews. These market estimates have been considered by studying the impact of various social, political, and economic factors along with the current market dynamics affecting the Solar Energy Market growth.

Along with the market overview, which comprises the market dynamics the chapter includes Porter’s Five Forces analysis which explains the five forces: namely buyers’ bargaining power, suppliers’ bargaining power, the threat of new entrants, the threat of substitutes, and degree of competition in the Solar Energy Market. It explains the various participants, such as system integrators, intermediaries, and end-users within the ecosystem of the market. The report also focuses on the competitive landscape of the Solar Energy Market.



Report Synopsis

Report Metrics Details
Base year considered 2019
Forecast period considered 2020-2027
Base year market size  62.17 $ Billion
Market size forecast 261.59 $ Billion
Growth rate 19.7%
Units considered $ Billion
Segments covered Solar Module, Application, End User, And Geography.
Industry covered Energy & Power
Companies studied
  • Abengoa Solar S.A.,
  • Tata Power Solar.
  • 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.,

Global Solar Energy Market Segmentation Analysis

The Global Solar Energy Market is segmented based on Solar Module, Application, End User, And Geography.

Key Players In Solar Energy Market

The Global Solar Energy Market study report will provide a valuable insight with an emphasis on the global market. The major players in the market are 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.

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