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Solar Energy System Market - Global Industry Analysis, Size, Share, Growth, Trends, and Forecast 2023-2030 - By Product, Technology, Grade, Application, End-user, Region: (North America, Europe, Asia Pacific, Latin America and Middle East and Africa)

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    Report

  • 220 Pages
  • July 2023
  • Region: Global
  • Fairfield Market Research
  • ID: 5851754
In recent years, the increasing focus on environmental pollution and damage has prompted governments worldwide to take decisive actions towards supporting sustainable and renewable energy sources. Solar power has emerged as one of the most abundant and long-lasting sources of clean energy. Subsidies for manufacturers, incentives for customers, and technological advancements have further enhanced the feasibility of solar power. The explosive demand for solar cells, the rise of rooftop installations, and the advent of cutting-edge solar photovoltaic (solar PV) technology are propelling the growth trajectory of the global solar energy system market. With growing energy needs and rapid urbanization, this momentum is expected to be sustained in the foreseeable future, leading to substantial growth in the solar energy sector.

Promising Technological Improvements Drive Solar Energy System Market Growth

In response to the worsening environmental challenges and the impacts of climate change, government bodies and environmental agencies are actively promoting the viability of solar power. As a result, there has been a significant decline in the pricing of solar power systems, coupled with remarkable improvements in their performance and efficiency in recent years. These factors have generated significant momentum, driving the demand for solar energy systems across commercial, residential, and industrial sectors. The adoption of solar power is expected to rise in tandem with ongoing technological advancements, further fueling the expansion of the global solar energy system market.

Explosive Demand for Solar PV Panels Presents Substantial Opportunities

The unprecedented surge in demand for solar photovoltaic (solar PV) systems is a testament to the promising prospects in the global solar energy system market. Continuous technological innovations in solar PV have placed it ahead of other renewable sources, including wind and hydropower. This trend is evident in both developed and developing economies, driven by cost reductions in products and installations, as well as the growing environmental awareness globally. Solar PV systems are rapidly moving towards achieving economies of scale, contributing to the overall sales growth of solar energy systems in the foreseeable future.

Asia Pacific Leads in Solar Energy System Adoption

Asia Pacific is positioned to dominate the solar energy system market, driven by increasing investments in renewables and a growing number of large-scale solar power plants in the region. The soaring electricity demand, improving standard of living, and high solar exposure further support the business opportunities in the regional solar energy system market. Key economies such as India and China are actively promoting the demand for solar PV panels through supportive policymaking and incentives. Meanwhile, Europe is also emerging as a notable market region, witnessing a rise in the installation of cutting-edge solar power plants.

Key Market Players

Competitive players operating in the global solar energy system market include Sunpower Corporation, Acciona S.A., Abengoa SE, Esolar, Inc., Canadian Solar, Inc., Kaneka Corporation, United Renewable Energy Co. Ltd., Wuxi Suntech Power Co., Ltd., Tata Power Solar Systems Ltd., and Brightsource Energy, Inc.
The global solar energy system market is witnessing robust growth, driven by the increasing demand for clean and sustainable energy solutions. Solar power is becoming a favored choice across various sectors due to technological advancements and supportive government policies. The report by [Your Company Name] promises to provide valuable insights into the growth and trends of the global solar energy system market.

Table of Contents

1. Executive Summary
1.1. Global Solar Energy System Market Snapshot
1.2. Key Market Trends
1.3. Future Projections
1.4. Analyst Recommendations
2. Market Overview
2.1. Market Definitions and Segmentations
2.2. Market Dynamics
2.2.1. Drivers
2.2.1.1. Driver A
2.2.1.2. Driver B
2.2.1.3. Driver C
2.2.2. Restraints
2.2.2.1. Restraint 1
2.2.2.2. Restraint 2
2.2.3. Market Opportunities Matrix
2.3. Value Chain Analysis
2.4. Porter’s Five Forces Analysis
2.5. Covid-19 Impact Analysis
2.5.1. Pre-covid and Post-covid Scenario
2.5.2. Supply Impact
2.5.3. Demand Impact
2.6. Government Regulations
2.7. Technology Landscape
2.8. Economic Analysis
2.9. PESTLE
3. Global Solar Energy System Market Outlook, 2018 - 2030
3.1. Global Solar Energy System Market Outlook, by Component, Value (US$ Mn), 2018 - 2030
3.1.1. Key Highlights
3.1.1.1. Solar Panels
3.1.1.2. Batteries
3.1.1.3. Charge Controllers
3.1.1.4. Inverters/UPS
3.1.1.5. Misc.
3.2. Global Solar Energy System Market Outlook, by Business Model, Value (US$ Mn), 2018 - 2030
3.2.1. Key Highlights
3.2.1.1. New Installation
3.2.1.2. MRO
3.3. Global Solar Energy System Market Outlook, by End-user Type, Value (US$ Mn), 2018 - 2030
3.3.1. Key Highlights
3.3.1.1. Utility
3.3.1.2. Residential
3.3.1.3. Commercial
3.3.1.4. Industrial
3.3.2. BPS Analysis/Market Attractiveness Analysis
3.4. Global Solar Energy System Market Outlook, by Region, Value (US$ Mn), 2018 - 2030
3.4.1. Key Highlights
3.4.1.1. North America
3.4.1.2. Europe
3.4.1.3. Asia Pacific
3.4.1.4. Latin America
3.4.1.5. Middle East & Africa
3.4.2. BPS Analysis/Market Attractiveness Analysis
4. North America Solar Energy System Market Outlook, 2018 - 2030
4.1. North America Solar Energy System Market Outlook, by Component, Value (US$ Mn), 2018 - 2030
4.1.1. Key Highlights
4.1.1.1. Solar Panels
4.1.1.2. Batteries
4.1.1.3. Charge Controllers
4.1.1.4. Inverters/UPS
4.1.1.5. Misc.
4.2. North America Solar Energy System Market Outlook, by Business Model, Value (US$ Mn), 2018 - 2030
4.2.1. Key Highlights
4.2.1.1. New Installation
4.2.1.2. MRO
4.3. North America Solar Energy System Market Outlook, by End-user Type, Value (US$ Mn), 2018 - 2030
4.3.1. Key Highlights
4.3.1.1. Utility
4.3.1.2. Residential
4.3.1.3. Commercial
4.3.1.4. Industrial
4.4. North America Solar Energy System Market Outlook, by Country, Value (US$ Mn), 2018 - 2030
4.4.1. Key Highlights
4.4.1.1. U.S.
4.4.1.2. Canada
4.4.2. BPS Analysis/Market Attractiveness Analysis
5. Europe Solar Energy System Market Outlook, 2018 - 2030
5.1. Europe Solar Energy System Market Outlook, by Component, Value (US$ Mn), 2018 - 2030
5.1.1. Key Highlights
5.1.1.1. Solar Panels
5.1.1.2. Batteries
5.1.1.3. Charge Controllers
5.1.1.4. Inverters/UPS
5.1.1.5. Misc.
5.2. Europe Solar Energy System Market Outlook, by Business Model, Value (US$ Mn), 2018 - 2030
5.2.1. Key Highlights
5.2.1.1. New Installation
5.2.1.2. MRO
5.3. Europe Solar Energy System Market Outlook, by End-user Type, Value (US$ Mn), 2018 - 2030
5.3.1. Key Highlights
5.3.1.1. Utility
5.3.1.2. Residential
5.3.1.3. Commercial
5.3.1.4. Industrial
5.4. Europe Solar Energy System Market Outlook, by Country, Value (US$ Mn), 2018 - 2030
5.4.1. Key Highlights
5.4.1.1. Germany
5.4.1.2. France
5.4.1.3. U.K.
5.4.1.4. Italy
5.4.1.5. Spain
5.4.1.6. Turkey
5.4.1.7. Russia
5.4.1.8. Rest of Europe
5.4.2. BPS Analysis/Market Attractiveness Analysis
6. Asia Pacific Solar Energy System Market Outlook, 2018 - 2030
6.1. Asia Pacific Solar Energy System Market Outlook, by Component, Value (US$ Mn), 2018 - 2030
6.1.1. Key Highlights
6.1.1.1. Solar Panels
6.1.1.2. Batteries
6.1.1.3. Charge Controllers
6.1.1.4. Inverters/UPS
6.1.1.5. Misc.
6.2. Asia Pacific Solar Energy System Market Outlook, by Business Model, Value (US$ Mn), 2018 - 2030
6.2.1. Key Highlights
6.2.1.1. New Installation
6.2.1.2. MRO
6.3. Asia Pacific Solar Energy System Market Outlook, by End-user Type, Value (US$ Mn), 2018 - 2030
6.3.1. Key Highlights
6.3.1.1. Utility
6.3.1.2. Residential
6.3.1.3. Commercial
6.3.1.4. Industrial
6.4. Asia Pacific Solar Energy System Market Outlook, by Country, Value (US$ Mn), 2018 - 2030
6.4.1. Key Highlights
6.4.1.1. China
6.4.1.2. Japan
6.4.1.3. South Korea
6.4.1.4. India
6.4.1.5. Southeast Asia
6.4.1.6. Australia
6.4.1.7. Rest of Asia Pacific
6.4.2. BPS Analysis/Market Attractiveness Analysis
7. Latin America Solar Energy System Market Outlook, 2018 - 2030
7.1. Latin America Solar Energy System Market Outlook, by Component, Value (US$ Mn), 2018 - 2030
7.1.1. Key Highlights
7.1.1.1. Solar Panels
7.1.1.2. Batteries
7.1.1.3. Charge Controllers
7.1.1.4. Inverters/UPS
7.1.1.5. Misc.
7.2. Latin America Solar Energy System Market Outlook, by Business Model, Value (US$ Mn), 2018 - 2030
7.2.1. Key Highlights
7.2.1.1. New Installation
7.2.1.2. MRO
7.3. Latin America Solar Energy System Market Outlook, by End-user Type, Value (US$ Mn), 2018 - 2030
7.3.1. Key Highlights
7.3.1.1. Utility
7.3.1.2. Residential
7.3.1.3. Commercial
7.3.1.4. Industrial
7.4. Latin America Solar Energy System Market Outlook, by Country, Value (US$ Mn), 2018 - 2030
7.4.1. Key Highlights
7.4.1.1. Brazil
7.4.1.2. Mexico
7.4.1.3. Rest of Latin America
7.4.2. BPS Analysis/Market Attractiveness Analysis
8. Middle East & Africa Solar Energy System Market Outlook, 2018 - 2030
8.1. Middle East & Africa Solar Energy System Market Outlook, by Component, Value (US$ Mn), 2018 - 2030
8.1.1. Key Highlights
8.1.1.1. Solar Panels
8.1.1.2. Batteries
8.1.1.3. Charge Controllers
8.1.1.4. Inverters/UPS
8.1.1.5. Misc.
8.2. Middle East & Africa Solar Energy System Market Outlook, by Business Model, Value (US$ Mn), 2018 - 2030
8.2.1. Key Highlights
8.2.1.1. New Installation
8.2.1.2. MRO
8.3. Middle East & Africa Solar Energy System Market Outlook, by End-user Type, Value (US$ Mn), 2018 - 2030
8.3.1. Key Highlights
8.3.1.1. Utility
8.3.1.2. Residential
8.3.1.3. Commercial
8.3.1.4. Industrial
8.4. Middle East & Africa Solar Energy System Market Outlook, by Country, Value (US$ Mn), 2018 - 2030
8.4.1. Key Highlights
8.4.1.1. GCC
8.4.1.2. South Africa
8.4.1.3. Rest of Middle East & Africa
8.4.2. BPS Analysis/Market Attractiveness Analysis
9. Competitive Landscape
9.1. Company Market Share Analysis, 2021
9.2. Competitive Dashboard
9.3. Company Profiles
9.3.1. Solar PV Manufacturers
9.3.1.1. JinkoSolar Holding Co. Ltd. (JKS)
9.3.1.1.1. Company Overview
9.3.1.1.2. Product Portfolio
9.3.1.1.3. Financial Overview
9.3.1.1.4. Business Strategies and Development
9.3.1.2. JA Solar Holdings
9.3.1.3. Trina Solar
9.3.1.4. Hanwha Q Cells
9.3.1.5. Canadian Solar
9.3.1.6. Longi Solar
9.3.2. Battery Manufacturers
9.3.2.1. CATL
9.3.2.2. BYD Company Ltd.
9.3.2.3. Samsung SDI Co., Ltd.
9.3.2.4. LG
9.3.2.5. Panasonic
9.3.3. Inverter Manufacturers
9.3.3.1. Huawei
9.3.3.2. Sungrow Power Supply
9.3.3.3. Power Electronics
9.3.3.4. Fimer SpA
9.3.3.5. SMA Solar Technology AG
9.3.4. Multiple Component Manufacturers
9.3.4.1. Sungrow
9.3.4.2. Schneider Electric
9.3.4.3. Wenzhou Xihe Electric Co., Ltd.
9.3.4.4. Canadian Solar
9.3.4.5. Risen Energy Co., Ltd.
10. Appendix
10.1. Research Methodology
10.2. Report Assumptions
10.3. Acronyms and Abbreviations

Companies Mentioned

  • Solar PV Manufacturers
  • JinkoSolar Holding Co. Ltd. (JKS)
  • JA Solar Holdings
  • Trina Solar
  • Hanwha Q Cells
  • Canadian Solar
  • Longi Solar
  • Battery Manufacturers
  • CATL
  • BYD Company Ltd.
  • Samsung SDI Co., Ltd.
  • LG
  • Panasonic
  • Inverte

Methodology

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