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Solar Power Equipment Market 2020 - Analysis, Size, Business Growth, Key Players and Future Scenario

03-17-2020 02:18 PM CET | Energy & Environment

Press release from: allied market research

Solar Power Equipment Market 2020 - Analysis, Size, Business

Allied Market Research published a report, titled, "Solar Power Equipment Market by Equipment (Solar Panels, Mounting, Racking, & Tracking System, Storage System, and Others) and Application (Residential, Nonresidential, and Utility): Global Opportunity Analysis and Industry Forecast, 2018-2025."

The report offers insights on major market segments, top investment pockets, key player positioning, drivers & opportunities, and strategic developments in the industry. According to the report, the global solar power equipment market garnered $76.27 billion in 2017 and is projected to reach $188.3 billion through 2025, growing at a CAGR of 12.5% from 2018 to 2025.

Utility application segment to remain dominant through 2025

The utility segment accounted for more than half of the total market revenue in 2017 and is expected to maintain its lead position through 2025.

Download Sample Report PDF:https://www.alliedmarketresearch.com/request-sample/4271

Solar panels to maintain revenue lead through 2025

Solar panels segment captured 60% of the total market share in 2017 and would retain its dominance through the forecast period. However, the mounting, racking, & tracking segment would grow at the fastest CAGR of 13.6% from 2018 to 2025. The report also provides deep dive analysis of storage systems.

Leaders of the industry

The key market players analyzed in the research include ABB Group, Canadian Solar, First Solar Inc., Hanwha Q CELLS, JA Solar, JinkoSolar, LONGi Solar, Shunfeng International, SunPower Corporation, and Trina Solar.

To Speak with Our Research Experts: https://www.alliedmarketresearch.com/purchase-enquiry/4271

Key Findings of the Solar Power Equipment Market:
o Based on the application, the residential segment is projected to grow at the highest cagr of 13.3% during the forecast period.
o Asia-Pacific generated the highest revenue in 2017,and is anticipated to grow at a significant CAGR.
o The solar panel segment generated the highest revenue in 2017, and is estimated to grow at the rate of 12.2%.

Based on the application, the utility segment is expected to account for the largest share in the global market during the forecast period, due to increase in investments to initiate large-scale solar power projects in North American and Asia-Pacific.

Access Full Report:https://www.alliedmarketresearch.com/solar-power-equipment-market

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About Us:
Allied Market Research, a market research and advisory company of Allied Analytics LLP, provides business insights and market research reports to large as well as small- & medium-scale enterprises. The company assists its clients to strategize business policies and achieve sustainable growth in their respective market domain.

Allied Market Research provides one-stop solution right from data collection to investment advice. The analysts at Allied Market Research dig out factors that help clients understand the significance and impact of market dynamics. The company applies client's insight on the factors such as strategies, future estimations, growth or fall forecasting, opportunity analysis, and consumer surveys among others. As follows, the company offers consistent business intelligence support to help clients transform into a prominent business firm.

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