Press release
Solar Power Equipment Market Share, Analysis & Forecast, 2025 | Key Drivers, Restraints and Opportunities
Solar Power Equipment Market
Solar power systems are equipped with solar power equipment, which harness sun’s energy and convert it into electricity for further use by industrial, utility, commercial, or residential sectors. Various types of solar power equipment available in the market include solar panels, solar batteries, solar mounting & racking system, solar trackers, and solar inverters.
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Factors such as increase in construction activities and various government policies to deploy solar power systems are expected to drive the adoption of solar power equipment, thereby boosting the growth of the market. In addition, increased emphasis on use of green and eco-friendly energy is expected to propel the growth of the global solar power equipment industry.
Moreover, being a renewable source of energy, solar power equipment help to meet specific goals for secure, reliable, and affordable energy, thus providing electricity access with lesser price variations. Furthermore, new solar power projects undertaken by the key players boost the growth of the market. For instance, in March 2018, Vikram Solar commissioned a 350 kW Solar Power project at Gun and Shell Factory (GSF) in Cossipore, Kolkata via rooftop installations.
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Scope of The Report
By Equipment
Solar Panels
Mounting, Racking, & Tracking System
Storage System
Others
By Application
Residential
Nonresidential
Utility
By Region
North America
Europe
Asia-Pacific
LAMEA
Key Players
ABB Group
Canadian Solar
First Solar Inc.
Hanwha Q CELLS
JA Solar
JinkoSolar
LONGi Solar
Shunfeng International
SunPower Corporation
Trina Solar
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About Us
Allied Market Research (AMR) is a full-service market research and business-consulting wing of Allied Analytics LLP based in Portland, Oregon. Allied Market Research provides global enterprises as well as medium and small businesses with unmatched quality of Market Research Reports and Business Intelligence Solutions. AMR has a targeted view to provide business insights and consulting to assist its clients to make strategic business decisions and achieve sustainable growth in their respective market domains.
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