Distributed Solar Power Generation Market 2021: Future Trends, Key Players: Suntech Power Holding Co. Ltd., Trina Solar Ltd, Canadian Solar Inc.

Distributed Solar Power Generation Market Analysis:

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. 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.

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. The rooftop segment 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.

Off-grid modules are not connected to the grid network, and the energy generated through these modules is stored in battery storage systems. The systems are extensively used across the residential and commercial sectors. Thus, the off-grid segment dominates the distributed solar power generation market. However, these off-grid systems required an additional storage system that increases the installation cost, further hindering the market growth

The distributed solar power generation systems enable residential users to meet energy consumption at cost-effective prices. Thus, the rising demand for electricity, growing awareness regarding the use of renewable energy, increasing the need for energy conservation, and decreasing dependency on fossil fuels drive the market growth. Additionally, the declining prices of solar PV modules provide an impetus to the segment growth.
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 Prominent 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.

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

NOTE: Our analysts monitoring the situation across the globe explains that the market will generate remunerative prospects for producers post the COVID-19 crisis. The report aims to provide an additional illustration of the latest scenario, economic slowdown, and COVID-19 impact on the overall industry.

Geographically, this report is segmented into several key regions, with sales, revenue, market share and growth rate of Steerable Medical Devices in these regions, from 2021 to 2029, covering:
North America (United States, Canada and Mexico)
Europe (Germany, UK, France, Italy, Russia and Turkey etc.)
Asia-Pacific (China, Japan, Korea, India, Australia, Indonesia, Thailand, Philippines, Malaysia and Vietnam)
South America (Brazil, Argentina, Columbia etc.)
Middle East and Africa (Saudi Arabia, UAE, Egypt, Nigeria and South Africa)

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Key Distributed Solar Power Generation Market Trends:
- The report identifies, determines, and forecasts the Global Distributed Solar Power Generation Market segments based on their type, sub-type, technology used, applications, end-users, and regions.
- Industry to Industry Holds Largest Share in the Distributed Solar Power Generation Market
- It examines the micro-markets based on their growth trends, development patterns, future prospects, and contribution to the overall market.
- Demand from Regional / geographical is Expected to Drive the Growth
- Rising Adoption of Market Segments in this Growth
- North American, Europe is Expected to Witness Higher Growth Rate over the Forecast Period
- It studies the competitive developments such as partnerships and collaborations, mergers and acquisitions (M&A), research and development (R&D) activities, product developments, and expansions in the Global Distributed Solar Power Generation Market.

Key Questions Answered in The Report:
What will the Distributed Solar Power Generation market growth rate?
What are the key factors driving the global Distributed Solar Power Generation market?
Who are the key manufacturers in the Distributed Solar Power Generation market space?
What are the market opportunities, market risk, and market overview of the Distributed Solar Power Generation market?
What are sales, revenue, and price analysis of top manufacturers of the Distributed Solar Power Generation market?
Who are the distributors, traders, and dealers of the Distributed Solar Power Generation market?
What are the market opportunities and threats faced by the vendors in the global Steerable Medical Devices Industry?
What are sales, revenue, and price analysis by types and applications of the Distributed Solar Power Generation Industry?
What are sales, revenue, and price analysis by regions of Distributed Solar Power Generation industry?
What are the driving factors contributing to market growth during the short, medium, and long term?

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