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Solar Electricity Market Is Expected To See Massive Rise In Growth And Demand In The Forecast Period 2023-2032 | Enel SpA, Exelon Corp., Dominion Energy, Inc.
Solar Electricity Market
As per the solar electricity market report by The Business Research Company, the rising investments from government organizations have contributed to the growth of the solar electricity market. The market has benefited from increased government spending on advanced solar panel research and development.
The global solar electricity market size will grow from $87.07 billion in 2022 to $106.62 billion in 2023 at a compound annual growth rate (CAGR) of 22.5%. The Russia-Ukraine war disrupted the chances of global economic recovery from the COVID-19 pandemic, at least in the short term. The war between these two countries has led to economic sanctions on multiple countries, a surge in commodity prices, and supply chain disruptions, causing inflation across goods and services and affecting many markets across the globe. The global solar electricity market size is expected to grow to $228.59 billion in 2027 at a CAGR of 21.0%.
Read More On The Solar Electricity Market Report Here:
https://www.thebusinessresearchcompany.com/report/solar-electricity-global-market-report
Major competitors in the solar electricity market include 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., Tata Power Solar, First Solar Inc., Trina Solar Limited, Yingli Solar, ReneSola, Motech Industries Inc., Abengoa Solar S.A., Acciona Energia S.A., Bright Source Energy Inc., Esolar Inc., Gintech Energy Corp., Kaneka Corp., Sunpower Corporation, Verengo Inc., RGS Energy, JA Solar, GT Advantage Technologies, Hanwha Q Cells, SolarCity Corporation, JinkoSolar Holding Co. Ltd., Suntech Power Holdings Co. Ltd., and BHEL.
The solar electricity market is segmented -
• By Technology: Photovoltaic Systems, Concentrated Solar Power Systems
• By Solar Module: Monocrystalline, Polycrystalline , Cadmium Telluride, Amorphous Silicon Cells, Other Solar Modules
• By End-User: Residential, Commercial, Industrial
• By Geography: Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa. Asia-Pacific was the largest region in the solar electricity market in 2022.
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Solar electricity refers to renewable energy obtained from sunlight by using the sun's energy either directly as thermal energy or through the use of photovoltaic cells in solar panels and transparent photovoltaic glass to generate electricity. 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 Table Of Content For The Solar Electricity Market Include:
1. Executive Summary
2. Solar Electricity Market Characteristics
3. Solar Electricity Market Trends And Strategies
4. Solar Electricity Market - Macro Economic Scenario
5. Solar Electricity Market Size And Growth
6. Solar Electricity Market Segmentation
……
26. Africa Solar Electricity Market
27. Solar Electricity Market Competitive Landscape And Company Profiles
28. Key Mergers And Acquisitions In The Solar Electricity Market
29. Solar Electricity Market Future Outlook And Potential Analysis
30. Appendix
The "Global Solar Electricity Market Report 2023" from The Business Research Company is a comprehensive report that covers every facet of a market covering over 60 geographies and over 2500 market segments. The regional and country breakdowns section analyzes the market in each geography and the market size by region and country. Furthermore, it assesses the market's historical and projected growth and identifies significant trends and strategies that companies can leverage for business expansion.
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