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This One is Distributed Solar Power Generation Market Research Report 2021 Types, Applications, Countries, Size and it Forecast by the Year 2029 | StraitsResearch
Distributed Solar Power Generation Market
Distributed solar power is generated through a decentralized solar photovoltaic module and extensively used in the residential and commercial sectors. Continuously rising temperatures, growing need for energy conservation and reducing CO2 emission, declining dependency on fossil fuel, decreasing prices of solar PV modules, and rising demand for clean energy sources drive the market growth. Thus, the aforementioned megatrends for energy transformation is projected to drive the market growth in the upcoming years.
The amorphous silicon (A-Si PV) segment held the largest market share in 2019 as the production of these modules is easy and cost-effective, further driving their adoption among the customers that do not prefer investing heavily in solar panels. However, the low-efficiency rate and shorten warranties and lifespan hamper the segment growth. The mono-SI segment, on the other hand, is projected to grow at a significant rate on account of its high-efficiency rate and long lifetime value. The CVP segment is witnessing rapid growth on account of its rising demand as it offers the highest performance and efficiency compared to other PV cells. However, these modules need a cooling system, further driving the installation cost and hampering the segment growth.
Solar power is the second-largest contributor to renewable energy production. Installation of distributed solar reduces the load on grid generation and transmission, and facilities cheaper energy generation. As per the International Renewable Energy Agency (IREA), the cumulative installed capacity of solar PV modules across the globe is projected to reach 8,519 GW by 2050.
Government Initiatives to Promote the Use of Roof-Top Solar Panels Drives the Segment Growth is expected to witness the fastest growth on account of increasing demand for these modules in the residential sector for power generation. In addition, government organizations across the globe are promoting the adoption of rooftop solar power generation by launching several initiatives. For instance, the Ministry of New & Renewable Energy of India has planned to scale up grid-connected solar power projects from 20,000MW to 1, 00,000MW by 2022.
Government across the economies such as the U.S., India, Italy, Brazil, and Vietnam are formulating various initiatives to drive the adoption of solar power in the residential sector. For instance, the new policy ‘Eco-Bonus’ launched by the Italian government supports the installation of PV installations and storage systems. Furthermore, the benefits such as a reduction in the electricity bill and clean electricity generation are driving the adoption of the solar panels among the residential sector, further driving the market growth.
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The Major Players Covered in this Report:
Suntech Power Holding Co. Ltd., Trina Solar Ltd, Canadian Solar Inc., Yingli Green Energy Holding Co. Ltd., Schott Solar Ag, Leonics Company Limited, Hanwha Group, Solar City, Sharp Corporation, Solar World Ag, Chu Lun Sing Co., Ltd., GreenBrilliance, Suniva Inc.,, Jinko Solar Holding Company Ltd, Sun Power Corporation, Itek Energy, First Solar Inc., & More...
Distributed Solar Power Generation Market: Segmentation-
By Product Type- Monocrystalline (Mono-SI), Polycrystalline (p-Si), Amorphous Silicon (A-Si), Concentrated PV Cell (CVP),
By Installation- Ground Mounted, Roof-Top,
By Application- On-Grid, Off Grid,
By End-Use Industry- Residential, Commercial, Utility-Scale
View this report with a detailed description and TOC @ https://straitsresearch.com/report/distributed-solar-power-generation-market/toc
Growing Domestic Demand and Expanding Pharmaceutical Sector to Drive the Demand for Distributed Solar Power Generation in the APAC Region:
Asia-Pacific region is anticipated to hold the largest market share in the global Distributed Solar Power Generation market during the forecast period 2021-2029. The growth in this region can be attributed to the presence of emerging economies like India, China, Japan, Vietnam, and Indonesia, which account for the largest share in this region. India is one of the largest producers of Distributed Solar Power Generation and a major exporter of the product to various countries across the globe. India accounts for around 80% of the world’s exports of Distributed Solar Power Generation. The favorable climatic conditions and growth of agricultural inputs and allied services like cold storage and warehousing in India are prompting higher production.
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The report covers exhaustive analysis on:
Overview of the parent market
Global Distributed Solar Power Generation Market Segments, Dynamics, Market Size, Share, Price, Volume, and Cost
Historical, current and projected market size in terms of volume and value
Global Distributed Solar Power Generation Market Forecast 2021 to 2029
Supply & Demand Value Chain
Global Distributed Solar Power Generation Market dynamics, including the current trends/drivers/threats/restraints/challenges
Potential and niche segments/regions exhibiting promising growth
Market landscape, competition, and leading companies involved
Strategies of leading companies and product offerings
Technological advancements
Key Questions Answered in the Report:
What is the current scenario of the Global Distributed Solar Power Generation market? How is the market going to prosper throughout the forecast period?
What are the emerging technologies and related tools that are going to profit the market?
What is the current size of the Global Distributed Solar Power Generation Market?
Which segments are the fastest growing and the largest in the market? What is their market potential?
What are the driving factors contributing to market growth during the short, medium, and long term?
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