Solar Power Market Size, Share and Global Trend By Technology (Mono-si, Thin Film, Multi-si, and Others), By Application (Residential, Non-Residential and Utilities), and Geography Forecast till 2026
The advancements in photovoltaic technology in recent years have boded well for the global solar power market. Growing awareness of the adverse effects of pollution and minimizing greenhouse gases have contributed to the demand for solar power across the world. Furthermore, increasing efforts towards ensuring optimum solar energy consumption will aid the growth of the global”solar power market” in the forthcoming years. The increasing investment in the development of solar power and related energy generation devices from private as well as government organizations has contributed to the growth of the global market.
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Top Players Overview:
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Market Landscape and Market Scenario Includes:
The global solar power market will derive growth from the increasing awareness regarding conservation of conventional energy sources and reducing environmental pollution. According to a report published by Fortune Business Insights, titled “Solar Power: Global Market Analysis, Insights and Forecast, 2026,” the market estimated to be at 680.22 GW in 2020. Fortune Business Insights has predicted that the market will reach 4766.82 GW by 2026, thereby exhibiting a CAGR of 30.7%.
Segmentation
1. By Technology
2. By Application
By Geography
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Important Features that are under Offering and Key Highlights of the Market Report:
Queries Addressed In The Market Report:
Oxford PV Bags D 3 Mn Investments; Company’s Upcoming Product Will Help Market Gain Momentum
The global solar power market has benefited from the increasing investment by government organizations towards research and development of innovative solar panels. In 2018, Oxford PV received a D 3Mn investment from the UK government for the development of its new technology that is indicated to boost the adoption of renewable energy production. Oxford PV is working in tandem with the Oxford University to polish this concept. The commercialization of Oxford’s latest technology is likely to aid the growth of the global solar power market. The report encompasses several new concepts similar to Oxford PV’s latest technology and gauges the impact of the technologies on the global market.
Besides product launches and innovations, the report focuses on several aspects such as market entrants, investors, and mergers and acquisitions. The report provides information on key market segments based on various parameters such as technology, application, and regional demographics.
New Devices That Can Harness Solar Energy at Night Will Enable Market Growth
The awareness towards climate change and several initiatives taken to minimize the consumption of non-renewable energy sources have created the need for efficient solar energy harnessing devices. As a result of climate change, governments across the world have made active participation in the form of investment as well as subsidies. As a result of the outcry for environmental preservations, companies have capitalized by introducing newer products and concepts that will aid in harnessing solar energy efficiently. Recently, scientists have introduced a new concept for the operation of solar panels, wherein the device will be able to generate electricity from the energy at night. Fortune Business Insights has identified this as a breakthrough concept and it has predicted that such innovations will aid the growth of the global solar power market in the forthcoming years.
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Key Features of Market Research Report:
Lastly, this report covers the market landscape and its growth prospects over the coming years, the Report also brief deals with the product life cycle, comparing it to the relevant products from across industries that had already been commercialized details the potential for various applications, discussing about recent product innovations and gives an overview on potential regional market shares.
Table of Content
5. Global Solar Power Market Analysis (MW and USD Mn), Insights and Forecast, 2015-20265.1. Key Findings5.2. Market Analysis, Insights and Forecast By Technology5.2.1. Solar Photovoltaic5.2.1.1.Mono-Si5.2.1.2.Multi-Si5.2.1.3.Thin Film5.2.1.4.Others5.2.2. Concentrated Solar Power5.2.2.1.Parabolic Trough5.2.2.2.Power Tower5.2.2.3.Linear Fresnel5.3. Market Analysis, Insights and Forecast By Application5.3.1. Residential5.3.2. Non-Residential5.3.3. Utilities5.4. Market Analysis, Insights and Forecast By Region5.4.1. North America5.4.2. Latin America5.4.3. Europe5.4.4. Asia Pacific5.4.5. Middle East and Africa6.North America Solar Power Market Analysis (MW and USD Mn), Insights and Forecast, 2015-20266.1. Key Findings6.2. Market Analysis, Insights and Forecast By Technology6.2.1. Solar Photovoltaic6.2.1.1.Mono-Si6.2.1.2.Multi-Si6.2.1.3.Thin Film6.2.1.4.Others6.2.2. Concentrated Solar Power6.2.2.1.Parabolic Trough6.2.2.2.Power Tower6.2.2.3.Linear Fresnel6.3. Market Analysis, Insights and Forecast By Application6.3.1. Residential6.3.2. Non-Residential6.3.3. Utilities6.4. Market Analysis, Insights and Forecast By Country6.4.1. U.S.6.4.2. Canada7.Latin America Solar Power Market Analysis (MW and USD Mn), Insights and Forecast, 2015-20267.1. Key Findings7.2. Market Analysis, Insights and Forecast By Technology7.2.1. Solar Photovoltaic7.2.1.1.Mono-Si7.2.1.2.Multi-Si7.2.1.3.Thin Film7.2.1.4.Others7.2.2. Concentrated Solar PowerTOC Continued….!
An Overview of the Impact of COVID-19 on this Market:
The emergence of COVID-19 has brought the world to a standstill. We understand that this health crisis has brought an unprecedented impact on businesses across industries. However, this too shall pass. Rising support from governments and several companies can help in the fight against this highly contagious disease. There are some industries that are struggling and some are thriving. Overall, almost every sector is anticipated to be impacted by the pandemic.
We are taking continuous efforts to help your business sustain and grow during COVID-19 pandemics. Based on our experience and expertise, we will offer you an impact analysis of coronavirus outbreak across industries to help you prepare for the future.
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