Press release
Top Market Shifts Transforming the Solar Farm Market Landscape: Key Insights
Solar Farm
What Is the Expected CAGR for the Solar Farm Market Through 2025?
In the past few years, the market size for solar farms has seen an exponential increase. The projected growth is from $117.57 billion in 2024 to $141.98 billion in 2025, with a compound annual growth rate (CAGR) of 20.8%. The expansion during the historic period is credited to factors such as governmental subsidies and incentives, a decrease in solar panel prices, energy policies and regulations, initiatives for corporate sustainability, heightened public awareness, and environmental apprehensions.
What's the Projected Size of the Global Solar Farm Market by 2029?
The market size of solar farms is anticipated to experience significant expansion in the imminent years, projected to amplify to $292.81 billion in 2029 with a compound annual growth rate (CAGR) of 19.8%. The projected growth during the forecast period can be credited to various factors such as the advent of energy storage solutions, advancements in the design of solar farms, governmental dedication to renewable energy objectives, and the rise of community solar programs. The primary trends expected during the forecast period encompass market player diversification, emphasis on environmental and social impacts, digital transformations in operations and maintenance, novel pricing and financing strategies, and the utilization of bifacial solar panels.
View the full report here:
https://www.thebusinessresearchcompany.com/report/solar-farm-global-market-report
Top Growth Drivers in the Solar Farm Industry: What's Accelerating the Market?
The rising demand for electricity derived from renewable sources is having a considerable impact on the progression of the solar farm market. Renewable energy is energy produced from resources that regenerate at a faster rate than their consumption. Solar farms harness solar energy to generate electricity and thermal energy, which can meet the world's energy requirements 100 times more than other renewable sources. This makes solar farms an ideal solution to the escalating global demand for renewable energy. For instance, the International Energy Agency (IEA), a France-based intergovernmental organization, predicted in July 2024 that the global electricity supply is expected to rise from 30% in 2023 to 35% by 2025. Consequently, this surge in renewable electricity demand is propelling the solar farm market.
Get your free sample here:
https://www.thebusinessresearchcompany.com/sample.aspx?id=12072&type=smp
What Trends Will Shape the Solar Farm Market Through 2029 and Beyond?
Product innovation is emerging as a noteworthy trend in the solar farm market. Numerous established companies in the field are shifting focus towards expanding the use of solar farms and integrating them with larger projects. For instance, in September 2022, Starlight, a Solar farm project development company based in Italy, introduced the Agri-eco Voltaics project, Land of the Sun. This innovative method pairs solar photovoltaics with modern, sustainable agriculture and territory restoration. This model not only holds the potential to address severe economic and social issues anticipated in the future but also increases land use efficiency. The innovative project builds and manages the agrivoltaics plant, producing electricity from solar power while efficiently growing and harvesting crops. They are pioneering a dual land use concept that can be easily replicated worldwide.
What Are the Main Segments in the Solar Farm Market?
The solar farm market covered in this report is segmented -
1) By Type: Surface Suction, Utility-Scale, Distributed Generation, Microgrids, Other Types
2) By Technology: Solar Photovoltaic, Mono-Si, Thin Film, Multi-Si, Other Technologies
3) By End Use Industry: Residential, Commercial, Industrial
Subsegments:
1) By Surface Suction: Floating Solar Farms, Ground-Mounted Solar Farms
2) By Utility-Scale: Large-Scale Solar Power Plants, Concentrated Solar Power (CSP) Facilities
3) By Distributed Generation: Rooftop Solar Systems, Community Solar Projects
4) By Microgrids: Off-Grid Solar Systems, Hybrid Solar Systems With Battery Storage
5) By Other Types: Agrivoltaics (Combining Agriculture With Solar Farms), Solar Thermal Farms
Tailor your insights and customize the full report here:
https://www.thebusinessresearchcompany.com/customise?id=12072&type=smp
Which Top Companies are Driving Growth in the Solar Farm Market?
Major companies operating in the solar farm market include Elevation Solar LLC., NextEra Energy Inc., Sharp Corporation, LONGi Green Energy Technology Co. Ltd., JinkoSolar Holding Co. Ltd., Trina Solar Co. Ltd., Avangrid Inc., JA Solar Technology Co Ltd, Canadian Solar Inc., First Solar Inc., SunPower Corporation, Sunrun Inc., Cypress Creek Renewables LLC., Momentum Solar LLC., Blue Raven Solar, Sunnova Energy International Inc., Shenzhen Topray Solar Co. Ltd., BrightSource Energy Inc., RenewSys India Pvt. Ltd., Freedom Solar LLC., Ecoplexus Inc., Southern Current LLC., Tata Power Solar System Inc., The Solaria Corporation, ADT Solar, Hanwha Qcells GmbH, Recurrent Energy LLC., Vikram Solar Ltd., Solar Systems Ltd.
Which Regions Will Dominate the Solar Farm Market Through 2029?
Asia-Pacific was the largest region in the solar farm market in 2024. Europe is expected to be the fastest-growing region in the forecast period. The regions covered in the solar farm market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa.
Purchase the full report today:
https://www.thebusinessresearchcompany.com/purchaseoptions.aspx?id=12072
This Report Supports:
1. Business Leaders & Investors - To identify growth opportunities, assess risks, and guide strategic decisions.
2. Manufacturers & Suppliers - To understand market trends, customer demand, and competitive positioning.
3. Policy Makers & Regulators - To track industry developments and align regulatory frameworks.
4. Consultants & Analysts - To support market entry, expansion strategies, and client advisory work.
Connect with us on:
LinkedIn: https://in.linkedin.com/company/the-business-research-company,
Twitter: https://twitter.com/tbrc_info,
YouTube: https://www.youtube.com/channel/UC24_fI0rV8cR5DxlCpgmyFQ.
Contact Us
Europe: +44 7882 955267,
Asia: +91 88972 63534,
Americas: +1 310-496-7795 or
Email: mailto:info@tbrc.info
Learn More About The Business Research Company
With over 15,000+ reports from 27 industries covering 60+ geographies, The Business Research Company has built a reputation for offering comprehensive, data-rich research and insights. Our flagship product, the Global Market Model delivers comprehensive and updated forecasts to support informed decision-making.
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 Top Market Shifts Transforming the Solar Farm Market Landscape: Key Insights here
News-ID: 4108326 • Views: …
More Releases from The Business Research Company
2025-2034 Inkjet Coder Market Evolution: Disruptions, Innovations, and Untapped …
Use code ONLINE30 to get 30% off on global market reports and stay ahead of tariff changes, macro trends, and global economic shifts.
What Is the Expected CAGR for the Inkjet Coder Market Through 2025?
Strong growth has been witnessed in recent years in the inkjet coder market. It is projected that this market will expand from $2.11 billion in 2024 to $2.27 billion in 2025, experiencing a compound annual growth rate…
Global Industrial Cooking Fire Protection Systems For Food Manufacturing Market …
Use code ONLINE30 to get 30% off on global market reports and stay ahead of tariff changes, macro trends, and global economic shifts.
What Will the Industrial Cooking Fire Protection Systems For Food Manufacturing Industry Market Size Be by 2025?
Over the past few years, the market size for industrial cooking fire protection systems used in food manufacturing has seen a consistent growth. It is projected that the market value will grow…
High Speed Engine Market Trends That Will Shape the Next Decade: Insights from I …
Use code ONLINE30 to get 30% off on global market reports and stay ahead of tariff changes, macro trends, and global economic shifts.
How Large Will the High Speed Engine Market Size By 2025?
The market for high speed engines has seen considerable growth in the last few years. The market which is valued at $24.17 billion in 2024 is predicted to reach $25.58 billion in 2025, experiencing a Compound Annual Growth…
Industrial Sector Growth Fuels Expansion Of Evaporative Cooling Market: The Driv …
Use code ONLINE30 to get 30% off on global market reports and stay ahead of tariff changes, macro trends, and global economic shifts.
Evaporative Cooling Market Size Growth Forecast: What to Expect by 2025?
The market size for evaporative cooling has seen a robust growth in recent times. The outlook predicts an escalation from $6.41 billion in 2024 to $6.8 billion in 2025, with a compound annual growth rate (CAGR) of 6.0%.…
More Releases for Solar
Biohybrid Solar Cell Market Professional Survey Report 2022 - Jinko Solar, JA SO …
The Biohybrid Solar Cell Market Report 2022 provides a comprehensive analysis of observable trends and projections. This research shows how to attract a large number of customers. Our certified crew of economists, researchers, and advisers has made further attempts in projecting the global industry by utilising accredited global Biohybrid Solar Cell market information tools as well as various instruments and ways to successfully review and get information. The research argues…
Home Solar Power System Market Size, Share, Trends, Growth - Tesla, Panasonic So …
The Global Home Solar Power System Market study includes new innovations, market dynamics, strategic profiling in terms of the future market strategies and shares for the subsectors of the industry. This research consists of details related to the size of the industries, the major players, markets, sales volume and value. This study offers a detail data on the historical data pointers as well as forecasts by region/country for the sectors…
Solar PV Module Market Outlook To 2024 - Trina Solar, Canadian Solar Inc., JA So …
Solar PV module market from utility sector has witnessed a substantial growth globally in recent years. In the first quarter of the year, Vietnam's Ministry of Industry and Trade have talked about their FiT scheme related to utility-based solar power projects. Ongoing electrification programs and incentives benefit pertaining to grid connected power generation is surging the demand for on-grid solar PV modules. On-grid connection represented 55% of the overall solar…
Solar Simulator Market Distribution Channel 2019: Spire Solar, Solar Energy Inte …
Solar Simulator Market report aims to examine the developments of market including its market improvements, developments, positions and others.
This report on the Solar Simulator market offers explanatory knowledge on the market parts like dominating players, drivers and restraints, production, revenue, consumption, import and export, and the most effective development within the organization size, deployment type, inside, segmentation comprised throughout this analysis, also major the players have used various strategies such…
Solar PV Module Market By Key Vendors: Trina Solar, Canadian Solar Inc., JA Sola …
UK solar PV module market is set to expand owing to government initiatives towards sustainable energy integration. The export tariff introduced by the UK government facilitates USD 0.06 per unit for the surplus electricity injected back to the grid by the generator. Favorable government reforms with ambitious plan towards carbon footprint reduction will further boost the business outlook.
Request for a sample of this research report @
https://www.gminsights.com/request-sample/detail/1563
Solar PV Module Market size…
Global Solar Thermal Market 2016 Abengoa Solar, SUPCON Solar, Solar Euromed
Global Solar Thermal Market Research Report
The MRS Research Group Solar Thermal report by QY Research represents an inclusive evaluation of the Solar Thermal Market and comprises considerable insights, historical data, facts,and statistical and industry-validated data of the global market.Additionally,it consists of estimated data that is evaluated with the help of suitable set of methodologies and assumptions.The MRS Research Group report research highlights informative data and in-depth analysis of Solar Thermal…
