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 increasing need for sustainable urban living and minimization of the dependency on fossil-fuel power generation is projected to fuel the system’s demand over the forecast period. The emerging markets and the increasing industries in countries like India, Russia, Brazil, and China are actively choosing renewables over fossils.
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Solar Energy Market report also includes an insightful study of the prominent players of the industry along with their business overview, strategic planning, and business expansion plans adopted by them. This assists the readers and business owners in formulating strategic expansion and investment plans. The report focuses on mergers and acquisitions, joint ventures, collaborations, partnerships, corporate and government deals, and others. The report also talks about the expansions these prominent players are vying for in the key regions of the market. The report focuses on the detailed analysis of the technological and product developments undertaken by these companies.
The key companies studied :
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
Based on regional analysis, the market is segmented into the following regions: North America, Latin America, Europe, Asia Pacific, and Middle East & Africa. The market is expected to be dominated by North American nations closely followed by European countries. Asia Pacific is expected to show significant growth owing to recent advancements and rising investments in the R&D sector
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
Radical Highlights of the Solar Energy Market Report:
- Comprehensive overview of the Solar Energy Market with analysis of the changing dynamics of the market
- Growth Assessment of various market segments throughout the forecast period
- regional and global analysis of the market players, including their market share and global position
- Growth strategies adopted by key market players to combat the impact of the COVID-19 pandemic on the market
- Impact of the technological developments and R&D advancements Solar Energy Market Information about profit-making strategies and developmental strategies of major companies and manufacturers
- Insightful information for the new entrants willing to enter the market
- Details and insights about business expansion strategies, product launches, and other collaborations
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