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Solar Electricity Market - Growth, Trends, Covid-19 Impact, And Forecasts (2021 - 2030)
Solar Electric Power Generation Market
The solar electric power generation market report describes and explains the global solar electric power generation market and covers 2015 to 2020, termed the historic period, and 2020 to 2025 termed the forecast period, along with further forecasts for the period 2025-2030. The report evaluates the market across each region and for the major economies within each region.
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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.
The global solar electricity market is expected to grow from $34.18 in billion 2020 to $37.53 billion in 2021 at a compound annual growth rate (CAGR) of 9.8%. The growth is mainly due to the companies rearranging their operations and recovering from the COVID-19 impact, which had earlier led to restrictive containment measures involving social distancing, remote working, and the closure of commercial activities that resulted in operational challenges. The market is expected to reach $58.64 billion in 2025 at a CAGR of 12%.
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Some of the major players of 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.
The countries covered in the global solar electric power generation market are Argentina, Australia, Austria, Belgium, Brazil, Canada, Chile, China, Colombia, Czech Republic, Denmark, Egypt, Finland, France, Germany, Hong Kong, India, Indonesia, Ireland, Israel, Italy, Japan, Malaysia, Mexico, Netherlands, New Zealand, Nigeria, Norway, Peru, Philippines, Poland, Portugal, Romania, Russia, Saudi Arabia, Singapore, South Africa, South Korea, Spain, Sweden, Switzerland, Thailand, Turkey, UAE, UK, USA, Venezuela, Vietnam.
The regions covered in the global solar electric power generation market are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa.
The global solar electric power generation market is segmented -
1) By Technology: Photovoltaic Systems, Concentrated Solar Power Systems
2) By Solar Module: Monocrystalline, Polycrystalline , Cadmium Telluride, Amorphous Silicon Cells, Others
3) By End-User: Residential, Commercial, Industrial
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Few Points From Table Of Content
1. Executive Summary
2. Solar Electric Power Generation Market Characteristics
3. Solar Electric Power Generation Market Trends And Strategies
4. Impact Of Covid-19 On Solar Electric Power Generation
5. Solar Electric Power Generation Market Size And Growth
.....
26. Africa Solar Electric Power Generation Market
27. Solar Electric Power Generation Market Competitive Landscape And Company Profiles
28. Key Mergers And Acquisitions In The Solar Electric Power Generation Market
29. Solar Electric Power Generation Market Future Outlook And Potential Analysis
30. Appendix
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