Press release
Solar Energy Market Size is Projected to Reach USD 223.3 Billion by 2026 - Valuates Reports
The global solar energy market size was valued at USD 52.5 Billion in 2018 and is projected to reach USD 223.3 Billion by 2026, growing at a CAGR of 20.5% from 2019 to 2026
The global Solar energy market is expected to witness rapid growth due to declining costs of solar energy equipment, coupled with increased competitiveness of battery storage.
Get Free Sample: https://reports.valuates.com/request/sample/ALLI-Manu-2X28/Solar_Energy_Market
TRENDS INFLUENCING THE SOLAR ENERGY MARKET SIZE
Factors such as clear federal policies such as solar investment tax credit, rapidly dropping prices, and rising demand for renewable energy in both the private and public sectors is expected to drive the solar energy market size. Furthermore, due to the boom in rooftop installations, the demand for solar cells has gained significant momentum.
The need for parabolic troughs and solar power towers for generating electricity is expected to fuel demand for solar energy market size.
In the last decade, the cost of installing solar has plummeted by more than 70%, allowing the industry to grow into new markets and deploy thousands of systems nationwide. This reduction in cost is expected to increase the solar energy market size.
Increasing environmental issues such as greenhouse gas emissions followed by increasing energy consumption are driving industries towards more efficient and cost-effective energy supplies. Such factors would likely push the development of the solar energy market size during the forecast period.
The COVID-19 pandemic has seriously affected the solar energy market size. While utility-scale solar has not been as heavily impacted, growth projections are now lower than expected, and the virus has created significant uncertainty for projects under development.
With the production of photovoltaic-based power distribution systems, the competition among manufacturers has greatly increased.
View Full Report: https://reports.valuates.com/market-reports/ALLI-Manu-2X28/solar-energy
SOLAR ENERGY MARKET SHARE
The Asia Pacific region is expected to witness the highest growth rate during the forecast period. Emerging economies such as China and Japan have significantly increased solar energy development due to government tariffs and mergers & acquisitions by local manufacturers. Furthermore, the rising population, coupled with increasing non-conventional energy prices, is likely to drive the size of solar energy in the Asia Pacific region.
North America holds the largest solar energy market share. This dominance of North America is due to the presence of well-developed infrastructure in the region.
Europe has concentrated primarily on optimizing solar capacity.
The Middle East and Africa have also gained momentum due to expanded solar energy applications for power generation, agriculture, and architecture.
By Region
North America
Europe
Asia-Pacific
LAMEA.
Inquire for Regional Data: https://reports.valuates.com/request/regional/ALLI-Manu-2X28/Solar_Energy_Market
SOLAR ENERGY MARKET SEGMENTATION
By Application
Residential
Commercial
Industrial.
By End-Use
Electricity Generation
Lighting
Heating
Charging.
Key Companies
Photovoltaic Systems
Concentrated Solar Power Systems
Parabolic Trough
Solar Power Tower
Fresnel Reflectors
Dish Stirling
By Solar Module
Monocrystalline
Polycrystalline
Cadmium Telluride
Amorphous Silicon Cells
Others.
Buy Now for Single User: https://reports.valuates.com/api/directpaytoken?rcode=ALLI-Manu-2X28&lic=single-user
Buy Now for Enterprise User: https://reports.valuates.com/api/directpaytoken?rcode=ALLI-Manu-2X28&lic=enterprise-license
SIMILAR REPORTS :
● Photovoltaic Market Report
The global photovoltaic market size was valued at USD 53,916.0 Million in 2018 and is projected to reach USD 333,725.1 Million by 2026, growing at a CAGR of 25.1% from 2019 to 2026.
Major factors that are expected to increase the Photovoltaic market size are growing need for renewable energy resources, combined with favorable government regulations. Photovoltaic technology is being used on a commercial scale in solar lamps, parking meters, mobile telephones, garbage compactors, temporary traffic signs, charging stations, and remote guard posts and signals. In the manufacturing sector, photovoltaic energy is used to produce electricity for the smooth functioning of satellites in orbit in the aerospace & defense industry. These factors are further expected to increase the photovoltaic market size.
View Full Report: https://reports.valuates.com/market-reports/ALLI-Manu-0G19/photovoltaic
● Concentrated Solar Power Market Report
The global concentrated solar power market size was valued at USD 3,793.0 Million in 2018 and is projected to reach USD 8,046.7 Million by 2026, growing at a CAGR of 10.3% from 2019 to 2026. The MEA region accounted for nearly 21.0% market share in 2018.
Growing government support for implementing sustainable energies coupled with increasing energy demand & ability to produce power without CO2 emissions drives the market growth. In addition, the increase of carbon-based environmental concerns results in an emphasis on reducing air pollution and creating awareness of global warming. These aspects are expected to fuel the growth of Concentrated Solar Power Market size.
View Full Report: https://reports.valuates.com/market-reports/ALLI-Manu-0W20/concentrated-solar-power
● Solar PV Tracker Market Report
The global solar tracker market demand was pegged at 25.0 GW in 2018, expanding at a CAGR of 32.0% from 2019 to 2025.
Increasing energy conservation issues and the transition from non-renewable energy to renewable energy are expected to increase the growth of Solar PV Tracker Market size during the forecast period. Solar tracker uses different electrical components, including actuators, motors, and sensors to align the cells to focus the sunlight and optimize the captured energy.
View Full Report: https://reports.valuates.com/market-reports/QYRE-Auto-24D1095/global-solar-pv-tracker
● Solar Cells Market Report
Owing to the growing demand for PV systems for industrial, residential, and utility applications, the solar cell market size is expected to see substantial growth over the forecast period.
The top companies in the solar cell market Sanyo Solar, Kyocera Solar, Sharp, Motech, SunPower, SolarWorld, Canadian Solar, Hanhua, Bosch, Isofoton, REC, Neo Solar Power, Gintech Energy, and E-Ton Solar Tech.
View Full Report: https://reports.valuates.com/market-reports/QYRE-Auto-24Y2606/covid-19-impact-on-solar-cells
● Solar PV Market Report
The Solar PV market was valued at USD 44800 Million in 2018 and is projected to reach USD 52200 Million by 2025
China holds the largest Solar PV market share accounting for 50% of the total market in 2015, and is expected to continue its dominance during the forecast period as well.
View Full Report: https://reports.valuates.com/market-reports/QYRE-Auto-8126/global-solar-pv
● Solar Inverter Market Report
Solar Inverter is widely accepted owing to its property of instantaneous conversion of DC power input to AC current while connected to an on-grid system.
The report includes a country-wise and region-wise market size for the period 2015-2026. It also includes market size and forecast by Type and by Application segment in terms of production capacity, price, and revenue for the period 2015-2026.
View Full Report: https://reports.valuates.com/market-reports/QYRE-Auto-34Z1035/global-solar-inverter
● Solar Micro Inverters Market Report
The residential segment accounted for the major share of the solar power inverter market during 2017. The dominance of this segment is due to the increased demand and sales volume. Our analysts predicted that this segment would continue to lead the market and account for the largest share by 2025.
View Full Report: https://reports.valuates.com/market-reports/QYRE-Auto-14E1289/global-solar-micro-inverters
● Thin Film Solar Panels Market Report
Major competitors identified in this market include First Solar, Sharp, Solar Frontier, Hanergy, ZSW, Sentech, Station, CivicSolar, KANEKA Solar Energy, SoloPower, Solar-Facts, Flisom, etc.
This report provides a complete quantitative data and qualitative analysis on the global market for Thin Film Solar Panels. Market size is analyzed by country, product type, application, and competitors.
View Full Report: https://reports.valuates.com/market-reports/QYRE-Othe-2T313/thin-film-solar-panels
● Hybrid Solar Wind Energy Storage Market Report
The global Hybrid Solar Wind Energy Storage market size is projected to reach USD 1108.8 Million by 2026, from USD 1045.9 Million in 2020.
View Full Report: https://reports.valuates.com/market-reports/QYRE-Othe-1Z319/hybrid-solar-wind-energy-storage
Valuates Reports
sales@valuates.com
For U.S. Toll-Free Call +1-(315)-215-3225
For IST Call +91-8040957137
WhatsApp : +91 9945648335
Website: https://reports.valuates.com
Twitter - https://twitter.com/valuatesreports
Linkedin - https://in.linkedin.com/company/valuatesreports
Facebook - https://www.facebook.com/valuatesreports
Valuates offers in-depth market insights into various industries. Our extensive report repository is constantly updated to meet your changing industry analysis needs.
This release was published on openPR.
Permanent link to this press release:
Copy
Please set a link in the press area of your homepage to this press release on openPR. openPR disclaims liability for any content contained in this release.
You can edit or delete your press release Solar Energy Market Size is Projected to Reach USD 223.3 Billion by 2026 - Valuates Reports here
News-ID: 2283815 • Views: …
More Releases from Valuates Reports
L3 Self-driving Vehicle Market: Revenue Share, Insights & Future Outlook
L3 Self-driving Vehicle Market
The global market for L3 Self-driving Vehicle was valued at US$ million in the year 2024 and is projected to reach a revised size of US$ million by 2031, growing at a CAGR of % during the forecast period.
Automotive is a key driver of this industry. According to data from the World Automobile Organization (OICA), global automobile production and sales in 2017 reached their peak in the…
Network Connections Single Phase Electricity Smart Meter Market Revenue Share, I …
Network Connections Single Phase Electricity Smart Meter Market
The global market for Network Connections Single Phase Electricity Smart Meter was valued at US$ million in the year 2024 and is projected to reach a revised size of US$ million by 2031, growing at a CAGR of % during the forecast period.
Download Free Data: https://reports.valuates.com/request/sample/QYRE-Auto-30F7253/China_Network_Connections_Single_Phase_Electricity_Smart_Meter_Market?utm_source=Openpr&utm_medium=Referral
What Is Driving the Growth of the Network Connections Single Phase Electricity Smart Meter Market?
Smart electricity meters are…
AI-powered ESG Reporting Software Market Revenue Share, Insights & Future Outloo …
AI-powered ESG Reporting Software Market Size
The global market for AI-powered ESG Reporting Software was valued at US$ 841 million in the year 2024 and is projected to reach a revised size of US$ 2524 million by 2031, growing at a CAGR of 17.0% during the forecast period.
North American market for AI-powered ESG Reporting Software is estimated to increase from $ million in 2024 to reach $ million by 2031, at…
Electric & Hydraulic Wellhead Drives for Onshore Market Revenue Share, Insights …
Electric & Hydraulic Wellhead Drives for Onshore Market
The global market for Electric & Hydraulic Wellhead Drives for Onshore was valued at US$ million in the year 2024 and is projected to reach a revised size of US$ million by 2031, growing at a CAGR of %during the forecast period.
A wellhead is the component at the surface of an oil or gas well that provides the structural and pressure-containing interface for…
More Releases for Solar
Biohybrid Solar Cell Market Professional Survey Report 2022 - Jinko Solar, JA SO …
The Biohybrid Solar Cell Market Report 2022 provides a comprehensive analysis of observable trends and projections. This research shows how to attract a large number of customers. Our certified crew of economists, researchers, and advisers has made further attempts in projecting the global industry by utilising accredited global Biohybrid Solar Cell market information tools as well as various instruments and ways to successfully review and get information. The research argues…
Home Solar Power System Market Size, Share, Trends, Growth - Tesla, Panasonic So …
The Global Home Solar Power System Market study includes new innovations, market dynamics, strategic profiling in terms of the future market strategies and shares for the subsectors of the industry. This research consists of details related to the size of the industries, the major players, markets, sales volume and value. This study offers a detail data on the historical data pointers as well as forecasts by region/country for the sectors…
Solar PV Module Market Outlook To 2024 - Trina Solar, Canadian Solar Inc., JA So …
Solar PV module market from utility sector has witnessed a substantial growth globally in recent years. In the first quarter of the year, Vietnam's Ministry of Industry and Trade have talked about their FiT scheme related to utility-based solar power projects. Ongoing electrification programs and incentives benefit pertaining to grid connected power generation is surging the demand for on-grid solar PV modules. On-grid connection represented 55% of the overall solar…
Solar Simulator Market Distribution Channel 2019: Spire Solar, Solar Energy Inte …
Solar Simulator Market report aims to examine the developments of market including its market improvements, developments, positions and others.
This report on the Solar Simulator market offers explanatory knowledge on the market parts like dominating players, drivers and restraints, production, revenue, consumption, import and export, and the most effective development within the organization size, deployment type, inside, segmentation comprised throughout this analysis, also major the players have used various strategies such…
Solar PV Module Market By Key Vendors: Trina Solar, Canadian Solar Inc., JA Sola …
UK solar PV module market is set to expand owing to government initiatives towards sustainable energy integration. The export tariff introduced by the UK government facilitates USD 0.06 per unit for the surplus electricity injected back to the grid by the generator. Favorable government reforms with ambitious plan towards carbon footprint reduction will further boost the business outlook.
Request for a sample of this research report @
https://www.gminsights.com/request-sample/detail/1563
Solar PV Module Market size…
Global Solar Thermal Market 2016 Abengoa Solar, SUPCON Solar, Solar Euromed
Global Solar Thermal Market Research Report
The MRS Research Group Solar Thermal report by QY Research represents an inclusive evaluation of the Solar Thermal Market and comprises considerable insights, historical data, facts,and statistical and industry-validated data of the global market.Additionally,it consists of estimated data that is evaluated with the help of suitable set of methodologies and assumptions.The MRS Research Group report research highlights informative data and in-depth analysis of Solar Thermal…
