openPR Logo
Press release

Global solar energy market size is likely to exceed USD 140 billion by 2023.

10-26-2016 05:17 PM CET | Energy & Environment

Press release from: gminsights

Cumulatively, more than 178 GW of power was installed in 2015 and is estimated to reach more than 600 GW over the forecast period, including both photovoltaic and concentrated thermal power. U.S. solar energy market size is expected to witness approximately 40 GW cumulative capacity by the end of 2016.

Rising population coupled with increasing non conventional energy prices are likely to drive market growth in Asia Pacific. China solar energy market size was dominant and accounted for more than 10.8 GW installations, followed by Japan with 9.7 GW installations in 2015.

Request for an in-depth table of contents for this report @  http://bit.ly/2cKjAN2


UK contributed more than 2.4 GW to the Europe power installation market in 2015, followed by Germany and France. Middle East and Africa is expected to grow at as significant rate; increase in electricity prices and government subsidies are likely to be the key growth factors in the region.

This energy can be segmented into photovoltaic and concentrated thermal. Photovoltaic (PV) market size was estimated around 40 GW in 2015. Solar energy market trends include an estimated shift towards off-grid installations in some countries, where a large percentage of the population does not have an access to a national grid. Concentrated solar thermal market size is estimated to reach more than 25 GW installations during the forecast period.

Rising environmental concerns such as greenhouse gas emission accompanied by increasing energy consumption is leading industries towards more sustainable and cost effective energy resources. These factors are likely to positively drive the solar energy market growth.

Make an inquiry for purchasing this @ http://bit.ly/2e9Pmma


Adoption is increasing due to natural resource depletion and increasing environmental consciousness. It is a reasonable fossil fuels substitute as well as an inexhaustible and affordable technology with huge long term benefits. More than 39% of energy is extracted with the help of coal which causes environmental pollution.

Photovoltaic energy is preferred over concentrated solar due to its high utility; Europe was the major contributor in 2015. Manufacturers are shifting from multicrystalline to monocrystaline solar cells owing to its high efficiency, compact design and durability. Concentrated thermal technology is less popular because it requires direct sun radiation rather than diffuse light, and is not economical for small installations.

About Global Market Insights:
Global Market Insights, Inc., headquartered in Delaware, U.S., is a global market research and consulting service provider; offering syndicated and custom research reports along with growth consulting services. Our business intelligence and industry research reports offer clients with penetrative insights and actionable market data specially designed and presented to aid strategic decision making. These exhaustive reports are designed via a proprietary research methodology and are available for key industries such as chemicals, advanced materials, technology, renewable energy and biotechnology.

29L Atlantic Avenue,
Suite L 105, Ocean View,
Delaware 19970
United States

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 Global solar energy market size is likely to exceed USD 140 billion by 2023. here

News-ID: 376618 • Views:

More Releases from gminsights

Luxury Wine & Spirit Market Size, Industry Analysis Report, Regional Outlook
Luxury Wine & Spirit Market Size, Industry Analysis Report, Regional Outlook
Luxury Wine & Spirit Market size will witness significant growth due to increase in demand for applications in food and beverages industry. Rise in disposable income has enhanced the buying power of consumers, that in turn has helped them to opt for niche products. These have exceptional quality of raw materials that enhance customer satisfaction and spur its demand. Improved distribution channels of companies are anticipated to boost luxury wine
Vitamin E Market size worth over $2.4bn by 2024
Vitamin E Market size worth over $2.4bn by 2024
Vitamin E Market size is expected to exceed USD 2.4 billion by 2024; according to a new research report by Global Market Insights, Inc. Increased consumer affordability coupled with rising health concerns should drive global vitamin E market size. Rising applications scope in pharmaceutical industry for treating Alzheimer's infection, diabetes, night cramps, Parkinson's disease, epilepsy, traumatic brain injury, multiple sclerosis, cerebral palsy and Huntington's disease, is evaluated to fuel industry
Prebiotics Market worth over $8.5 Bn by 2024
Prebiotics Market worth over $8.5 Bn by 2024
Prebiotics Market size is set to exceed USD 8.5 billion by 2024; according to a new research report by Global Market Insights, Inc. Global prebiotics market size may witness consumption of over 1.35 million tons by 2024. Rise in consumer awareness regarding healthy diet consumption leads to increase in food & feed ingredients demand which have a positive influence for growth in dietary supplement market size. They are indigestible dietary
Bio Vanillin Market size worth over $19mn by 2023
Bio Vanillin Market size worth over $19mn by 2023
Bio Vanillin Market size is expected to surpass USD 19 million by 2023; according to a new research report by Global Market Insights, Inc. Increasing consumer preference towards natural ingredients in food & beverage and personal care formulations will drive global bio vanillin market demand. Natural ingredients have been steadily gaining acceptance with consumers, especially across evolved markets, along with regulatory support for labeling standards. Bio vanillin has been developed

All 5 Releases


More Releases for Rising

Crypto High and Rising
Key Metrics Show Institutional Interest in Crypto and Ripple Is High and Rising As institutions flock to crypto, here are the fundamental metrics that can be used to track their interest. The growth of the crypto derivatives market in 2020 has been a story of its own, mainly driven by Bitcoin (BTC) and Ether (ETH) options traded on exchanges such as the Chicago Mercantile Exchange, Deribit, OKEx, Binance and Houbi. And
Rising Demand For Processed Meat Paired With Rising Disposable Revenue To Boost …
As per the analysts at Zion Market Research, the Global processed meat market was capitalized at almost USD 714.00 Billion in 2016 and is likely to cross almost USD 1,567.00 Billion by end of 2022, developing at a CAGR of almost 14.0% from 2017 to 2022. DOWNLOAD FREE PDF BROCHURE @ https://goo.gl/E8ksL4 Some of the major companies active in processed meat market are Pilgrims Pride Corp., JBS SA, Advance Pierre Foods, Sysco
Global SAR Market is Rising Rapidly with the Rising Growth in Demand for SAR Mar …
“Global SAR Market Research Report 2017” is a professional and incisive analysis on the market dynamics of the Global SAR Market industry and future growth prospects of the key market players across the global. The study offers detailed quantitative and qualitative analysis of the industry by offering an overview of key market conditions and statistics on market estimations. An in-depth insight into the industry overview is offered in the study
Rising Economic Growth and Rising jack-up rig market Analysis & Outlook (2017-20 …
“The Report Global Jack-Up Rig Market: Industry Analysis & Outlook (2017-2021) provides information on pricing, market analysis, shares, forecast, and company profiles for key industry participants. - MarketResearchReports.biz" Rigs are giant structures or machines consisting of mud tanks, mud pumps, derrick or mast, draw works, rotary table, drill string, power generation equipments and auxiliary equipments. Rigs are used in drilling a wellbore. Some rigs are used on water and
Global Advanced Wound Care Management Market: Rising Prevalence of Chronic Wound …
The global market for advanced wound care management is likely to witness a progressive growth throughout the forecast period. The rising focus of prominent players on research and development activities and innovations is estimated to encourage the growth of the overall market in the coming few years. Nevertheless, the high cost of products in comparison with the traditional methods is anticipated to restrict the growth of the global market in
Advanced Wound Care Management Market: Rising Prevalence Of Chronic Wounds Key T …
The global market for advanced wound care management, being a highly technology- and research- oriented specialty sector of the overall wound care market, features few companies and a highly consolidated competitive landscape, observes a recent report by Transparency Market Research. The top four vendors in the market, namely Molnlycke Health Care, Smith and Nephew plc, Convatec, and Acelity L.P. Inc., accounted for a share of nearly 65% of the global