Press release
Solar Electric Power Generation Market Report 2020 To Witness An Incremental CAGR By 2023 | Industry Value, Volume, Status And Growth Prospects
The global solar electric power generation market reached a value of nearly $33.6 billion in 2019, having grown at a compound annual growth rate (CAGR) of 9.47% since 2015, and is expected to grow at a CAGR of 11.38% to nearly $51.7 billion by 2023.
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The solar electric power generation market consists of sales of solar electric power and related services. It is used in various forms to support the electricity needs of homes or businesses. The solar electric power generation industry includes companies that operate facilities which produce electricity from solar energy. The electricity from solar energy is produced by the conversion of solar energy in photovoltaic (PV) cells, which generate voltage and current at their terminals when exposed to sunlight. The electricity produced is then supplied to electric power transmission systems, which are used to move large quantities of power from generating facilities to substations, and to distribution systems, which are used for short distances to transport electricity to customers locally.
Rising investments from government organizations contributed to the growth of the solar electric power generation market. The market has enhanced from increased government spending on advanced solar panel research and development.
Solar Electric Power Generation Market Segmentation: -
By Technology
1) Photovoltaic Systems
2) Concentrated Solar Power Systems
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By Solar Module
1) Monocrystalline
2) Polycrystalline
3) Cadmium Telluride
Few Points From Table Of Content
1. Executive Summary
2. Solar Electric Power Generation Market Characteristics
3. Solar Electric Power Generation Market Size And Growth
4. Solar Electric Power Generation Market Segmentation
5. Solar Electric Power Generation Market Regional And Country Analysis
……
25. Solar Electric Power Generation Market Competitive Landscape And Company Profiles
26. Key Mergers And Acquisitions In The Solar Electric Power Generation Market
27. Solar Electric Power Generation Market Trends And Strategies
28. Solar Electric Power Generation Market Future Outlook and Potential Analysis
29. Appendix
The report covers the trends and market dynamics of the solar electric power generation market in major countries - Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Russia, South Korea, UK, and USA. The report also includes consumer surveys and various future opportunities for the market.
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Some of the key players involved in the solar electric power generation market are Enel SpA, Exelon Corp., Dominion Energy, Inc, Engie S.A, Canadian Solar Inc., Sharp Corporation, STATE POWER INVESTMENT CORP. LTD, Wuxi Suntech Power Co. Ltd. and Tata Power Solar
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The Business Research Company has published over 1000 industry reports, covering over 2500 market segments and 60 geographies. The reports draw on 150,000 datasets, extensive secondary research, and exclusive insights from interviews with industry leaders. The reports are updated with a detailed analysis of the impact of COVID-19 on various markets after WHO declared COVID-19 as a pandemic.
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