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Global Solar Energy Market Size study & Forecast, by Technology (Photovoltaic Systems, Concentrated Solar Power Systems), by Solar Module (Cadmium Telluride, Amorphous Silicon Cells, Monocrystalline, Polycrystalline, Others), by Application (Residential, Commercial, Industrial), by End-Use (Electricity Generation, Lighting, Heating, Charging) and Regional Analysis, 2023-2030

February 2024 | 200 pages | ID: G1312EBD0C75EN
Bizwit Research & Consulting LLP

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Global Solar Energy Market is valued at approximately USD XX billion in 2022 and is anticipated to grow with a healthy growth rate of more than XX% during the forecast period 2023-2030. Solar energy is the radiant energy emitted by the sun, which can be harnessed and converted into various forms of usable power. This energy is abundant and sustainable, making it a popular choice for clean and renewable energy solutions. There are two primary ways to harness solar energy: photovoltaic (PV) technology and solar thermal technology. The key factors driving the market growth are the growing demand for renewable energy sources, the rise in concerns over climate change and environmental issues, and cohesive government incentives & regulations that are anticipated to support the market growth during the forecast period 2023-2030.

Additionally, the supportive government initiatives for the development of renewable energy infrastructure are anticipated to create a lucrative demand for the market. For instance, In Sept. 2021, the U.S. Department of Agriculture revealed that the Department is planning to invest USD 464 million to build or improve renewable energy infrastructure and to assist rural communities, agricultural producers and companies’ lower energy costs in 48 states and Puerto Rico. USD 129 million of these projects have been funded by the USDA under the Rural Electricity for America Program. This programme offers assistance to support the purchase and installation of renewable energy systems as well as improvements to energy efficiency for rural small enterprises and agricultural producers. By improving their energy efficiency, rural America anticipated to generate and save more than 379 million kilowatt-hours (kWh), or 35,677 homes' worth of electricity annually. Also, USD 335 million of these projects are being funded by the USDA under the Electric Loan Program. To increase reliability in rural regions, 1,432 miles of line anticipated to be built or improved due to the funding. The loans come with USD 102 million for investments in smart grid technology, which makes use of digital communications to track and respond to local variations in electricity consumption. Moreover, the growing popularity of solar-powered homes and the increase in demand for solar-powered desalination systems are anticipated to create lucrative opportunities for the market over the projected years. However, the high initial installation costs stifle market growth throughout the forecast period of 2023-2030.

The key regions considered for the Global Solar Energy Market study includes Asia Pacific, North America, Europe, Latin America, and Middle East & Africa. North America dominated the market in 2022 owing to supportive government incentives and policies, growing public awareness of environmental issues and the need for sustainable energy sources, and ongoing advancements in solar technology, energy storage, and grid integration. Whereas, the Asia Pacific is expected to grow with the fastest growth rate over the forecast period, owing to factors such as the supportive regulatory frameworks and policies, advances in solar technology, particularly the manufacturing of photovoltaic (PV) cells and panels, and increasing awareness of environmental issues that anticipated to support the regional market growth.

Major market player included in this report are:

Hanwha Q Cells Co., Ltd.

Trina solar

Canadian Solar Inc

SolarEdge Technologies

JA Solar Holdings Co. Ltd.

First Solar, Inc.

JinkoSolar Holding Co., Ltd.

Yingli Green Energy Holding Company Limited

Enphase Energy, Inc.

SunPower Corporation

Recent Developments in the Market:
  • In March 2023, BELECTRIC Solar Ltd UK and NextEnergy Solar Fund have solidified their collaboration by entering into a framework agreement exceeding 150 MWp in operations and maintenance (O&M). This significant milestone follows a rigorous competitive tendering process overseen by WiseEnergy. Over the next three years, BELECTRIC is poised to integrate a minimum of ten solar farms, totaling 150 MWp, into its O&M portfolio across various counties in England. These solar power installations, with capacities ranging from 5 MW to 34 MW, are strategically situated in locations such as Dorset, Lincolnshire, and East Sussex.
Global Solar Energy Market Report Scope:
  • Historical Data – 2020 - 2021
  • Base Year for Estimation – 2022
  • Forecast period - 2023-2030
  • Report Coverage - Revenue forecast, Company Ranking, Competitive Landscape, Growth factors, and Trends
  • Segments Covered – Technology, Solar Module, Application, End-Use, Region
  • Regional Scope - North America; Europe; Asia Pacific; Latin America; Middle East & Africa
  • Customization Scope - Free report customization (equivalent up to 8 analyst’s working hours) with purchase. Addition or alteration to country, regional & segment scope*
The objective of the study is to define market sizes of different segments & countries in recent years and to forecast the values to the coming years. The report is designed to incorporate both qualitative and quantitative aspects of the industry within countries involved in the study.

The report also caters detailed information about the crucial aspects such as driving factors & challenges which will define the future growth of the market. Additionally, it also incorporates potential opportunities in micro markets for stakeholders to invest along with the detailed analysis of competitive landscape and product offerings of key players. The detailed segments and sub-segment of the market are explained below:

By Technology:

Photovoltaic Systems

Concentrated Solar Power Systems

By Solar Module:

Cadmium Telluride

Amorphous Silicon Cells

Monocrystalline

Polycrystalline

Others

By Application:

Residential

Commercial

Industrial

By End-Use:

Electricity Generation

Lighting

Heating

Charging

By Region:

North America

U.S.

Canada

Europe

UK

Germany

France

Spain

Italy

ROE

Asia Pacific

China

India

Japan

Australia

South Korea

RoAPAC

Latin America

Brazil

Mexico

Middle East & Africa

Saudi Arabia

South Africa

Rest of Middle East & Africa
CHAPTER 1 EXECUTIVE SUMMARY

1.1 Market Snapshot
1.2 Global & Segmental Market Estimates & Forecasts, 2020-2030 (USD Billion)
  1.2.1 Solar Energy Market, by Region, 2020-2030 (USD Billion)
  1.2.2 Solar Energy Market, by Technology, 2020-2030 (USD Billion)
  1.2.3 Solar Energy Market, by Solar Module, 2020-2030 (USD Billion)
  1.2.4 Solar Energy Market, by Application, 2020-2030 (USD Billion)
  1.2.5 Solar Energy Market, by End-Use, 2020-2030 (USD Billion)
1.3 Key Trends
1.4 Estimation Methodology
1.5 Research Assumption

CHAPTER 2 GLOBAL SOLAR ENERGY MARKET DEFINITION AND SCOPE

2.1 Objective of the Study
2.2 Market Definition & Scope
  2.2.1 Industry Evolution
  2.2.2 Scope of the Study
2.3 Years Considered for the Study
2.4 Currency Conversion Rates

CHAPTER 3 GLOBAL SOLAR ENERGY MARKET DYNAMICS

3.1 Solar Energy Market Impact Analysis (2020-2030)
  3.1.1 Market Drivers
    3.1.1.1 Growing demand for renewable energy sources
    3.1.1.2 Rise in concerns over climate change and environmental issues
    3.1.1.3 Cohesive government incentives & regulations
  3.1.2 Market Challenges
    3.1.2.1 High initial installation costs
  3.1.3 Market Opportunities
    3.1.3.1 Growing popularity of solar-powered homes
    3.1.3.2 Increase in demand for solar-powered desalination systems

CHAPTER 4 GLOBAL SOLAR ENERGY MARKET INDUSTRY ANALYSIS

4.1 Porter’s 5 Force Model
  4.1.1 Bargaining Power of Suppliers
  4.1.2 Bargaining Power of Buyers
  4.1.3 Threat of New Entrants
  4.1.4 Threat of Substitutes
  4.1.5 Competitive Rivalry
4.2 Porter’s 5 Force Impact Analysis
4.3 PEST Analysis
  4.3.1 Political
  4.3.2 Economical
  4.3.3 Social
  4.3.4 Technological
  4.3.5 Environmental
  4.3.6 Legal
4.4 Top investment opportunity
4.5 Top winning strategies
4.6 COVID-19 Impact Analysis
4.7 Disruptive Trends
4.8 Industry Expert Perspective
4.9 Analyst Recommendation & Conclusion

CHAPTER 5 GLOBAL SOLAR ENERGY MARKET, BY TECHNOLOGY

5.1 Market Snapshot
5.2 Global Solar Energy Market by Technology, Performance - Potential Analysis
5.3 Global Solar Energy Market Estimates & Forecasts by Technology 2020-2030 (USD Billion)
5.4 Solar Energy Market, Sub Segment Analysis
  5.4.1 Photovoltaic Systems
  5.4.2 Concentrated Solar Power Systems

CHAPTER 6 GLOBAL SOLAR ENERGY MARKET, BY SOLAR MODULE

6.1 Market Snapshot
6.2 Global Solar Energy Market by Solar Module, Performance - Potential Analysis
6.3 Global Solar Energy Market Estimates & Forecasts by Solar Module 2020-2030 (USD Billion)
6.4 Solar Energy Market, Sub Segment Analysis
  6.4.1 Cadmium Telluride
  6.4.2 Amorphous Silicon Cells
  6.4.3 Monocrystalline
  6.4.4 Polycrystalline
  6.4.5 Others

CHAPTER 7 GLOBAL SOLAR ENERGY MARKET, BY APPLICATION

7.1 Market Snapshot
7.2 Global Solar Energy Market by Application, Performance - Potential Analysis
7.3 Global Solar Energy Market Estimates & Forecasts by Application 2020-2030 (USD Billion)
7.4 Solar Energy Market, Sub Segment Analysis
  7.4.1 Residential
  7.4.2 Commercial
  7.4.3 Industrial

CHAPTER 8 GLOBAL SOLAR ENERGY MARKET, BY END-USE

8.1 Market Snapshot
8.2 Global Solar Energy Market by End-Use, Performance - Potential Analysis
8.3 Global Solar Energy Market Estimates & Forecasts by End-Use 2020-2030 (USD Billion)
8.4 Solar Energy Market, Sub Segment Analysis
  8.4.1 Electricity Generation
  8.4.2 Lighting
  8.4.3 Heating
  8.4.4 Charging

CHAPTER 9 GLOBAL SOLAR ENERGY MARKET, REGIONAL ANALYSIS

9.1 Top Leading Countries
9.2 Top Emerging Countries
9.3 Solar Energy Market, Regional Market Snapshot
9.4 North America Solar Energy Market
  9.4.1 U.S. Solar Energy Market
    9.4.1.1 Technology breakdown estimates & forecasts, 2020-2030
    9.4.1.2 Solar Module breakdown estimates & forecasts, 2020-2030
    9.4.1.3 Application breakdown estimates & forecasts, 2020-2030
    9.4.1.4 End-Use breakdown estimates & forecasts, 2020-2030
  9.4.2 Canada Solar Energy Market
9.5 Europe Solar Energy Market Snapshot
  9.5.1 U.K. Solar Energy Market
  9.5.2 Germany Solar Energy Market
  9.5.3 France Solar Energy Market
  9.5.4 Spain Solar Energy Market
  9.5.5 Italy Solar Energy Market
  9.5.6 Rest of Europe Solar Energy Market
9.6 Asia-Pacific Solar Energy Market Snapshot
  9.6.1 China Solar Energy Market
  9.6.2 India Solar Energy Market
  9.6.3 Japan Solar Energy Market
  9.6.4 Australia Solar Energy Market
  9.6.5 South Korea Solar Energy Market
  9.6.6 Rest of Asia Pacific Solar Energy Market
9.7 Latin America Solar Energy Market Snapshot
  9.7.1 Brazil Solar Energy Market
  9.7.2 Mexico Solar Energy Market
9.8 Middle East & Africa Solar Energy Market
  9.8.1 Saudi Arabia Solar Energy Market
  9.8.2 South Africa Solar Energy Market
  9.8.3 Rest of Middle East & Africa Solar Energy Market

CHAPTER 10 COMPETITIVE INTELLIGENCE

10.1 Key Company SWOT Analysis
  10.1.1 Company
  10.1.2 Company
  10.1.3 Company
10.2 Top Market Strategies
10.3 Company Profiles
  10.3.1 Hanwha Q Cells Co., Ltd.
    10.3.1.1 Key Information
    10.3.1.2 Overview
    10.3.1.3 Financial (Subject to Data Availability)
    10.3.1.4 Product Summary
    10.3.1.5 Recent Developments
  10.3.2 Trina solar
  10.3.3 Canadian Solar Inc
  10.3.4 SolarEdge Technologies
  10.3.5 JA Solar Holdings Co. Ltd.
  10.3.6 First Solar, Inc.
  10.3.7 JinkoSolar Holding Co., Ltd.
  10.3.8 Yingli Green Energy Holding Company Limited
  10.3.9 Enphase Energy, Inc.
  10.3.10 SunPower Corporation

CHAPTER 11 RESEARCH PROCESS

11.1 Research Process
  11.1.1 Data Mining
  11.1.2 Analysis
  11.1.3 Market Estimation
  11.1.4 Validation
  11.1.5 Publishing
11.2 Research Attributes
11.3 Research Assumption

LIST OF TABLES

TABLE 1 Global Solar Energy Market, report scope
TABLE 2 Global Solar Energy Market estimates & forecasts by region 2020-2030 (USD Billion)
TABLE 3 Global Solar Energy Market estimates & forecasts by Technology 2020-2030 (USD Billion)
TABLE 4 Global Solar Energy Market estimates & forecasts by Solar Module 2020-2030 (USD Billion)
TABLE 5 Global Solar Energy Market estimates & forecasts by Application 2020-2030 (USD Billion)
TABLE 6 Global Solar Energy Market estimates & forecasts by End-Use 2020-2030 (USD Billion)
TABLE 7 Global Solar Energy Market by segment, estimates & forecasts, 2020-2030 (USD Billion)
TABLE 8 Global Solar Energy Market by region, estimates & forecasts, 2020-2030 (USD Billion)
TABLE 9 Global Solar Energy Market by segment, estimates & forecasts, 2020-2030 (USD Billion)
TABLE 10 Global Solar Energy Market by region, estimates & forecasts, 2020-2030 (USD Billion)
TABLE 11 Global Solar Energy Market by segment, estimates & forecasts, 2020-2030 (USD Billion)
TABLE 12 Global Solar Energy Market by region, estimates & forecasts, 2020-2030 (USD Billion)
TABLE 13 Global Solar Energy Market by segment, estimates & forecasts, 2020-2030 (USD Billion)
TABLE 14 Global Solar Energy Market by region, estimates & forecasts, 2020-2030 (USD Billion)
TABLE 15 Global Solar Energy Market by segment, estimates & forecasts, 2020-2030 (USD Billion)
TABLE 16 Global Solar Energy Market by region, estimates & forecasts, 2020-2030 (USD Billion)
TABLE 17 U.S. Solar Energy Market estimates & forecasts, 2020-2030 (USD Billion)
TABLE 18 U.S. Solar Energy Market estimates & forecasts by segment 2020-2030 (USD Billion)
TABLE 19 U.S. Solar Energy Market estimates & forecasts by segment 2020-2030 (USD Billion)
TABLE 20 Canada Solar Energy Market estimates & forecasts, 2020-2030 (USD Billion)
TABLE 21 Canada Solar Energy Market estimates & forecasts by segment 2020-2030 (USD Billion)
TABLE 22 Canada Solar Energy Market estimates & forecasts by segment 2020-2030 (USD Billion)
TABLE 23 UK Solar Energy Market estimates & forecasts, 2020-2030 (USD Billion)
TABLE 24 UK Solar Energy Market estimates & forecasts by segment 2020-2030 (USD Billion)
TABLE 25 UK Solar Energy Market estimates & forecasts by segment 2020-2030 (USD Billion)
TABLE 26 Germany Solar Energy Market estimates & forecasts, 2020-2030 (USD Billion)
TABLE 27 Germany Solar Energy Market estimates & forecasts by segment 2020-2030 (USD Billion)
TABLE 28 Germany Solar Energy Market estimates & forecasts by segment 2020-2030 (USD Billion)
TABLE 29 France Solar Energy Market estimates & forecasts, 2020-2030 (USD Billion)
TABLE 30 France Solar Energy Market estimates & forecasts by segment 2020-2030 (USD Billion)
TABLE 31 France Solar Energy Market estimates & forecasts by segment 2020-2030 (USD Billion)
TABLE 32 Italy Solar Energy Market estimates & forecasts, 2020-2030 (USD Billion)
TABLE 33 Italy Solar Energy Market estimates & forecasts by segment 2020-2030 (USD Billion)
TABLE 34 Italy Solar Energy Market estimates & forecasts by segment 2020-2030 (USD Billion)
TABLE 35 Spain Solar Energy Market estimates & forecasts, 2020-2030 (USD Billion)
TABLE 36 Spain Solar Energy Market estimates & forecasts by segment 2020-2030 (USD Billion)
TABLE 37 Spain Solar Energy Market estimates & forecasts by segment 2020-2030 (USD Billion)
TABLE 38 RoE Solar Energy Market estimates & forecasts, 2020-2030 (USD Billion)
TABLE 39 RoE Solar Energy Market estimates & forecasts by segment 2020-2030 (USD Billion)
TABLE 40 RoE Solar Energy Market estimates & forecasts by segment 2020-2030 (USD Billion)
TABLE 41 China Solar Energy Market estimates & forecasts, 2020-2030 (USD Billion)
TABLE 42 China Solar Energy Market estimates & forecasts by segment 2020-2030 (USD Billion)
TABLE 43 China Solar Energy Market estimates & forecasts by segment 2020-2030 (USD Billion)
TABLE 44 India Solar Energy Market estimates & forecasts, 2020-2030 (USD Billion)
TABLE 45 India Solar Energy Market estimates & forecasts by segment 2020-2030 (USD Billion)
TABLE 46 India Solar Energy Market estimates & forecasts by segment 2020-2030 (USD Billion)
TABLE 47 Japan Solar Energy Market estimates & forecasts, 2020-2030 (USD Billion)
TABLE 48 Japan Solar Energy Market estimates & forecasts by segment 2020-2030 (USD Billion)
TABLE 49 Japan Solar Energy Market estimates & forecasts by segment 2020-2030 (USD Billion)
TABLE 50 South Korea Solar Energy Market estimates & forecasts, 2020-2030 (USD Billion)
TABLE 51 South Korea Solar Energy Market estimates & forecasts by segment 2020-2030 (USD Billion)
TABLE 52 South Korea Solar Energy Market estimates & forecasts by segment 2020-2030 (USD Billion)
TABLE 53 Australia Solar Energy Market estimates & forecasts, 2020-2030 (USD Billion)
TABLE 54 Australia Solar Energy Market estimates & forecasts by segment 2020-2030 (USD Billion)
TABLE 55 Australia Solar Energy Market estimates & forecasts by segment 2020-2030 (USD Billion)
TABLE 56 RoAPAC Solar Energy Market estimates & forecasts, 2020-2030 (USD Billion)
TABLE 57 RoAPAC Solar Energy Market estimates & forecasts by segment 2020-2030 (USD Billion)
TABLE 58 RoAPAC Solar Energy Market estimates & forecasts by segment 2020-2030 (USD Billion)
TABLE 59 Brazil Solar Energy Market estimates & forecasts, 2020-2030 (USD Billion)
TABLE 60 Brazil Solar Energy Market estimates & forecasts by segment 2020-2030 (USD Billion)
TABLE 61 Brazil Solar Energy Market estimates & forecasts by segment 2020-2030 (USD Billion)
TABLE 62 Mexico Solar Energy Market estimates & forecasts, 2020-2030 (USD Billion)
TABLE 63 Mexico Solar Energy Market estimates & forecasts by segment 2020-2030 (USD Billion)
TABLE 64 Mexico Solar Energy Market estimates & forecasts by segment 2020-2030 (USD Billion)
TABLE 65 RoLA Solar Energy Market estimates & forecasts, 2020-2030 (USD Billion)
TABLE 66 RoLA Solar Energy Market estimates & forecasts by segment 2020-2030 (USD Billion)
TABLE 67 RoLA Solar Energy Market estimates & forecasts by segment 2020-2030 (USD Billion)
TABLE 68 Saudi Arabia Solar Energy Market estimates & forecasts, 2020-2030 (USD Billion)
TABLE 69 South Africa Solar Energy Market estimates & forecasts by segment 2020-2030 (USD Billion)
TABLE 70 RoMEA Solar Energy Market estimates & forecasts by segment 2020-2030 (USD Billion)
TABLE 71 List of secondary sources, used in the study of global Solar Energy Market
TABLE 72 List of primary sources, used in the study of global Solar Energy Market
TABLE 73 Years considered for the study
TABLE 74 Exchange rates considered
List of tables and figures and dummy in nature, final lists may vary in the final deliverable

LIST OF FIGURES

FIG 1 Global Solar Energy Market, research methodology
FIG 2 Global Solar Energy Market, Market estimation techniques
FIG 3 Global Market size estimates & forecast methods
FIG 4 Global Solar Energy Market, key trends 2022
FIG 5 Global Solar Energy Market, growth prospects 2023-2030
FIG 6 Global Solar Energy Market, porters 5 force model
FIG 7 Global Solar Energy Market, pest analysis
FIG 8 Global Solar Energy Market, value chain analysis
FIG 9 Global Solar Energy Market by segment, 2020 & 2030 (USD Billion)
FIG 10 Global Solar Energy Market by segment, 2020 & 2030 (USD Billion)
FIG 11 Global Solar Energy Market by segment, 2020 & 2030 (USD Billion)
FIG 12 Global Solar Energy Market by segment, 2020 & 2030 (USD Billion)
FIG 13 Global Solar Energy Market by segment, 2020 & 2030 (USD Billion)
FIG 14 Global Solar Energy Market, regional snapshot 2020 & 2030
FIG 15 North America Solar Energy Market 2020 & 2030 (USD Billion)
FIG 16 Europe Solar Energy Market 2020 & 2030 (USD Billion)
FIG 17 Asia pacific Solar Energy Market 2020 & 2030 (USD Billion)
FIG 18 Latin America Solar Energy Market 2020 & 2030 (USD Billion)
FIG 19 Middle East & Africa Solar Energy Market 2020 & 2030 (USD Billion)
List of tables and figures and dummy in nature, final lists may vary in the final deliverable


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