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This specialized and expertise oriented industry research report scrutinizes the technical and commercial business outlook of the solar energy industry. The report analyzes and declares the historical and current trends analysis of the solar energy industry and subsequently recommends the projected trends anticipated to be observed in the solar energy market during the upcoming years.
The solar energy market report analyzes and notifies the industry statistics at the global as well as regional and country levels in order to acquire a thorough perspective of the entire solar energy market. The historical and past insights are provided for FY 2016 to FY 2019 whereas projected trends are delivered for FY 2020 to FY 2026. The quantitative and numerical data is represented in terms and value (USD billion) from FY 2016 – 2026.
The quantitative data is further underlined and reinforced by comprehensive qualitative data which comprises various across-the-board market dynamics. The rationales which directly or indirectly impact the solar energy industries are exemplified through parameters such as growth drivers, restraints, challenges, and opportunities among other impacting factors.
Throughout our research report, we have encompassed all the proven models and tools of industry analysis and extensively illustrated all the key business strategies and business models adopted in the solar energy industry. The report provides an all-inclusive and detailed competitive landscape prevalent in the solar energy market.
The report utilizes established industry analysis tools and models such as Porter’s Five Forces framework to analyze and recognize critical business strategies adopted by various stakeholders involved in the entire value chain of the solar energy industry. The solar energy market report additionally employs SWOT analysis and PESTLE analysis models for further in-depth analysis.
The report study further includes an in-depth analysis of industry players' market shares and provides an overview of leading players' market position in the solar energy sector. Key strategic developments in the solar energy market competitive landscape such as acquisitions & mergers, inaugurations of different products and services, partnerships & joint ventures, MoU agreements, VC & funding activities, R&D activities, and geographic expansion among other noteworthy activities by key players of the solar energy market are appropriately highlighted in the report.
The solar energy market research report delivers an acute valuation and taxonomy of the solar energy industry by practically splitting the market on the basis of different types, category and regions. Through the analysis of the historical and projected trends, all the segments and sub-segments were evaluated through the bottom-up approach, and different market sizes have been projected for FY 2020 to FY 2026. The regional segmentation of the solar energy industry includes the complete classification of all the major continents including North America, Latin America, Europe, Asia Pacific, and Middle East & Africa. Further, country-wise data for the solar energy industry is provided for the leading economies of the world.
Solar energy is a radiant energy produced by the sun, harnessed by the use of various technologies, such as solar architecture, solar thermal energy photovoltaic cells, solar heating, and others. This is an important source of renewable energy and a simple, sustainable solution for rising emission of greenhouse and global warming. It is widely used to heat buildings, water, cooking and in the production of electricity.
Increased roof top installation in the residential application and rising awareness for environmental pollution is driving the market growth. In addition, increasing solar power tower demand in the generation of electricity, rising energy demand combined with the increasing population and rising unconventional energy prices are anticipated to propel the growth of market. However, high installation cost and climatic conditions such as rainfall, snowfall may hamper the market growth. On the other hand, increasing research and development activities in the production of solar energy is projected to create ample opportunities in the market.
The solar energy market is segmented based on technology, solar module, application, end-use and region. On the basis of technology segmentation, the market is classified into photovoltaic systems, concentrated solar power system. By solar module segmentation, the market is divided into monocrystalline, polycrystalline, cadmium telluride, amorphous silicon cells, others. By application, the market is separated into residential, commercial, and industrial. And On the basis of end-use, the market is bifurcated into electricity generation, lighting, heating, and charging.
Some of the essential players operating in the solar energy market, but not restricted to include Trina Solar Limited, Sharp Corporation, Yingli Solar, Wuxi Suntech Power Co. Ltd., Bright source Energy Inc., Esolar Inc., Gintech Energy Corp., Abengoa Solar S.A., Acciona Energia S.A., Kaneka Corp., Sunpower Corporation, Canadian Solar Inc., Tata Power Solar, Verengo Inc, RGS Energy, JA Solar, ReneSola, and others.
Key Insights from Primary Research
Key Recommendations from Analysts
Market Attractiveness by Material Type Analysis
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