Solar Energy Market Forecasts to 2028 – Global Analysis By Technology (Harnessing Technology, PV Systems), Application (Heating, Power Generation), Generation (First Generation, Second Generation) and By Geography
According to Stratistics MRC, the Global Solar Energy Market is accounted for $76.23 billion in 2020 and is expected to reach $296.40 billion by 2028 growing at a CAGR of 18.5% during the forecast period. Increase in environmental pollution, surge in rooftop installations and increase in applications in the architectural sector are driving the market growth. However, climatic conditions and geographical latitudes are hampering the growth of the market.
Solar energy is the radiant energy emitted from the sun, which is harnessed by using various technologies such as solar heating, photovoltaic cells, and others. It is an efficient renewable energy, and mitigates environmental risks that arise from greenhouse gas emissions.
Based on the technology, the concentrated solar power (CSP) systems segment is going to have lucrative growth during the forecast period due to the increasing support for CSP installations in the form of legislative policies in countries with limited oil & gas reserves and a need for energy storage is set to drive the segment growth in the years ahead.
By geography, Asia Pacific is going to have high growth during the forecast period due to the expansion of solar power production in emerging countries such as Japan, India, and China and those countries are contributing to the progress of the APAC region. Moreover, increasing demand for electricity owing to rising population and fast industrialization increases the market growth.
Some of the key players profiled in the Solar Energy Market include Abengoa Solar S.A. , Acciona Energia S.A, Bright source Energy Inc., Esolar Inc, Sunpower Corporation, Canadian Solar Inc, Sunways AG, Renesola, Bharat Heavy Electricals Limited (BHEL), Motech Industries, Solar World AG, Tata Power, Gintech Energy Corp and First Solar Inc.
Technologies Covered:
All the customers of this report will be entitled to receive one of the following free customization options:
Solar energy is the radiant energy emitted from the sun, which is harnessed by using various technologies such as solar heating, photovoltaic cells, and others. It is an efficient renewable energy, and mitigates environmental risks that arise from greenhouse gas emissions.
Based on the technology, the concentrated solar power (CSP) systems segment is going to have lucrative growth during the forecast period due to the increasing support for CSP installations in the form of legislative policies in countries with limited oil & gas reserves and a need for energy storage is set to drive the segment growth in the years ahead.
By geography, Asia Pacific is going to have high growth during the forecast period due to the expansion of solar power production in emerging countries such as Japan, India, and China and those countries are contributing to the progress of the APAC region. Moreover, increasing demand for electricity owing to rising population and fast industrialization increases the market growth.
Some of the key players profiled in the Solar Energy Market include Abengoa Solar S.A. , Acciona Energia S.A, Bright source Energy Inc., Esolar Inc, Sunpower Corporation, Canadian Solar Inc, Sunways AG, Renesola, Bharat Heavy Electricals Limited (BHEL), Motech Industries, Solar World AG, Tata Power, Gintech Energy Corp and First Solar Inc.
Technologies Covered:
- Harnessing Technology
- Concentrated Solar Power (CSP) Systems
- Capturing Technology
- Photovoltaic (PV) Systems
- Amorphous Silicon Cells
- Mono-Crystalline Silicon Cells
- Cadmium Telluride
- Copper Indium Gallium Selenide (CIGS)
- Polycrystalline Silicon Cells
- Heating
- Electricity/Power Generation
- Charging and Lighting
- First Generation
- Second Generation
- Third Generation
- Non-Residential
- Residential
- Transportation
- Agriculture & Horticulture
- Commercial
- Architecture
- Industrial
- Utility-Scale
- North America
- US
- Canada
- Mexico
- Europe
- Germany
- UK
- Italy
- France
- Spain
- Rest of Europe
- Asia Pacific
- Japan
- China
- India
- Australia
- New Zealand
- South Korea
- Rest of Asia Pacific
- South America
- Argentina
- Brazil
- Chile
- Rest of South America
- Middle East & Africa
- Saudi Arabia
- UAE
- Qatar
- South Africa
- Rest of Middle East & Africa
- Market share assessments for the regional and country-level segments
- Strategic recommendations for the new entrants
- Covers Market data for the years 2019, 2020, 2021, 2025 and 2028
- Market Trends (Drivers, Constraints, Opportunities, Threats, Challenges, Investment Opportunities, and recommendations)
- Strategic recommendations in key business segments based on the market estimations
- Competitive landscaping mapping the key common trends
- Company profiling with detailed strategies, financials, and recent developments
- Supply chain trends mapping the latest technological advancements
All the customers of this report will be entitled to receive one of the following free customization options:
- Company Profiling
- Comprehensive profiling of additional market players (up to 3)
- SWOT Analysis of key players (up to 3)
- Regional Segmentation
- Market estimations, Forecasts and CAGR of any prominent country as per the client's interest (Note: Depends on feasibility check)
- Competitive Benchmarking
- Benchmarking of key players based on product portfolio, geographical presence, and strategic alliances
1 EXECUTIVE SUMMARY
2 PREFACE
2.1 Abstract
2.2 Stake Holders
2.3 Research Scope
2.4 Research Methodology
2.4.1 Data Mining
2.4.2 Data Analysis
2.4.3 Data Validation
2.4.4 Research Approach
2.5 Research Sources
2.5.1 Primary Research Sources
2.5.2 Secondary Research Sources
2.5.3 Assumptions
3 MARKET TREND ANALYSIS
3.1 Introduction
3.2 Drivers
3.3 Restraints
3.4 Opportunities
3.5 Threats
3.6 Technology Analysis
3.7 Application Analysis
3.8 End User Analysis
3.9 Emerging Markets
3.10 Impact of Covid-19
4 PORTERS FIVE FORCE ANALYSIS
4.1 Bargaining power of suppliers
4.2 Bargaining power of buyers
4.3 Threat of substitutes
4.4 Threat of new entrants
4.5 Competitive rivalry
5 GLOBAL SOLAR ENERGY MARKET, BY TECHNOLOGY
5.1 Introduction
5.2 Harnessing Technology
5.2.1 Solar Thermal Electricity
5.2.2 Artificial Photosynthesis
5.3 Concentrated Solar Power (CSP) Systems
5.3.1 Dish Stirling
5.3.2 Parabolic Trough
5.3.3 Fresnel Reflectors
5.3.4 Solar Power Tower
5.4 Capturing Technology
5.4.1 Passive Solar Technologies
5.4.2 Active Solar Technologies
5.5 Photovoltaic (PV) Systems
5.5.1 Inorganic
5.5.2 Organic
5.5.3 Amorphous Silicon Photovoltaic (PV) Panels
5.5.4 Thick-film Silicon Photovoltaic (PV) Panels
6 GLOBAL SOLAR ENERGY MARKET, BY SOLAR MODULE PANEL
6.1 Introduction
6.2 Amorphous Silicon Cells
6.3 Mono-Crystalline Silicon Cells
6.4 Cadmium Telluride
6.5 Copper Indium Gallium Selenide (CIGS)
6.6 Polycrystalline Silicon Cells
7 GLOBAL SOLAR ENERGY MARKET, BY APPLICATION
7.1 Introduction
7.2 Heating
7.3 Electricity/Power Generation
7.4 Charging and Lighting
8 GLOBAL SOLAR ENERGY MARKET, BY GENERATION
8.1 Introduction
8.2 First Generation
8.3 Second Generation
8.4 Third Generation
9 GLOBAL SOLAR ENERGY MARKET, BY OFF-GRID
9.1 Introduction
9.2 Non-Residential
9.3 Residential
10 GLOBAL SOLAR ENERGY MARKET, BY END USER
10.1 Introduction
10.2 Transportation
10.3 Agriculture & Horticulture
10.4 Commercial
10.5 Architecture
10.6 Industrial
10.7 Utility-Scale
11 GLOBAL SOLAR ENERGY MARKET, BY GEOGRAPHY
11.1 Introduction
11.2 North America
11.2.1 US
11.2.2 Canada
11.2.3 Mexico
11.3 Europe
11.3.1 Germany
11.3.2 UK
11.3.3 Italy
11.3.4 France
11.3.5 Spain
11.3.6 Rest of Europe
11.4 Asia Pacific
11.4.1 Japan
11.4.2 China
11.4.3 India
11.4.4 Australia
11.4.5 New Zealand
11.4.6 South Korea
11.4.7 Rest of Asia Pacific
11.5 South America
11.5.1 Argentina
11.5.2 Brazil
11.5.3 Chile
11.5.4 Rest of South America
11.6 Middle East & Africa
11.6.1 Saudi Arabia
11.6.2 UAE
11.6.3 Qatar
11.6.4 South Africa
11.6.5 Rest of Middle East & Africa
12 KEY DEVELOPMENTS
12.1 Agreements, Partnerships, Collaborations and Joint Ventures
12.2 Acquisitions & Mergers
12.3 New Product Launch
12.4 Expansions
12.5 Other Key Strategies
13 COMPANY PROFILING
13.1 Abengoa Solar S.A.
13.2 Acciona Energia S.A
13.3 Bright source Energy Inc.
13.4 Esolar Inc
13.5 Sunpower Corporation
13.6 Canadian Solar Inc
13.7 Sunways AG
13.8 Renesola
13.9 Bharat Heavy Electricals Limited (BHEL)
13.10 Motech Industries
13.11 Solar World AG
13.12 Tata Power
13.13 Gintech Energy Corp
13.14 First Solar Inc.
2 PREFACE
2.1 Abstract
2.2 Stake Holders
2.3 Research Scope
2.4 Research Methodology
2.4.1 Data Mining
2.4.2 Data Analysis
2.4.3 Data Validation
2.4.4 Research Approach
2.5 Research Sources
2.5.1 Primary Research Sources
2.5.2 Secondary Research Sources
2.5.3 Assumptions
3 MARKET TREND ANALYSIS
3.1 Introduction
3.2 Drivers
3.3 Restraints
3.4 Opportunities
3.5 Threats
3.6 Technology Analysis
3.7 Application Analysis
3.8 End User Analysis
3.9 Emerging Markets
3.10 Impact of Covid-19
4 PORTERS FIVE FORCE ANALYSIS
4.1 Bargaining power of suppliers
4.2 Bargaining power of buyers
4.3 Threat of substitutes
4.4 Threat of new entrants
4.5 Competitive rivalry
5 GLOBAL SOLAR ENERGY MARKET, BY TECHNOLOGY
5.1 Introduction
5.2 Harnessing Technology
5.2.1 Solar Thermal Electricity
5.2.2 Artificial Photosynthesis
5.3 Concentrated Solar Power (CSP) Systems
5.3.1 Dish Stirling
5.3.2 Parabolic Trough
5.3.3 Fresnel Reflectors
5.3.4 Solar Power Tower
5.4 Capturing Technology
5.4.1 Passive Solar Technologies
5.4.2 Active Solar Technologies
5.5 Photovoltaic (PV) Systems
5.5.1 Inorganic
5.5.2 Organic
5.5.3 Amorphous Silicon Photovoltaic (PV) Panels
5.5.4 Thick-film Silicon Photovoltaic (PV) Panels
6 GLOBAL SOLAR ENERGY MARKET, BY SOLAR MODULE PANEL
6.1 Introduction
6.2 Amorphous Silicon Cells
6.3 Mono-Crystalline Silicon Cells
6.4 Cadmium Telluride
6.5 Copper Indium Gallium Selenide (CIGS)
6.6 Polycrystalline Silicon Cells
7 GLOBAL SOLAR ENERGY MARKET, BY APPLICATION
7.1 Introduction
7.2 Heating
7.3 Electricity/Power Generation
7.4 Charging and Lighting
8 GLOBAL SOLAR ENERGY MARKET, BY GENERATION
8.1 Introduction
8.2 First Generation
8.3 Second Generation
8.4 Third Generation
9 GLOBAL SOLAR ENERGY MARKET, BY OFF-GRID
9.1 Introduction
9.2 Non-Residential
9.3 Residential
10 GLOBAL SOLAR ENERGY MARKET, BY END USER
10.1 Introduction
10.2 Transportation
10.3 Agriculture & Horticulture
10.4 Commercial
10.5 Architecture
10.6 Industrial
10.7 Utility-Scale
11 GLOBAL SOLAR ENERGY MARKET, BY GEOGRAPHY
11.1 Introduction
11.2 North America
11.2.1 US
11.2.2 Canada
11.2.3 Mexico
11.3 Europe
11.3.1 Germany
11.3.2 UK
11.3.3 Italy
11.3.4 France
11.3.5 Spain
11.3.6 Rest of Europe
11.4 Asia Pacific
11.4.1 Japan
11.4.2 China
11.4.3 India
11.4.4 Australia
11.4.5 New Zealand
11.4.6 South Korea
11.4.7 Rest of Asia Pacific
11.5 South America
11.5.1 Argentina
11.5.2 Brazil
11.5.3 Chile
11.5.4 Rest of South America
11.6 Middle East & Africa
11.6.1 Saudi Arabia
11.6.2 UAE
11.6.3 Qatar
11.6.4 South Africa
11.6.5 Rest of Middle East & Africa
12 KEY DEVELOPMENTS
12.1 Agreements, Partnerships, Collaborations and Joint Ventures
12.2 Acquisitions & Mergers
12.3 New Product Launch
12.4 Expansions
12.5 Other Key Strategies
13 COMPANY PROFILING
13.1 Abengoa Solar S.A.
13.2 Acciona Energia S.A
13.3 Bright source Energy Inc.
13.4 Esolar Inc
13.5 Sunpower Corporation
13.6 Canadian Solar Inc
13.7 Sunways AG
13.8 Renesola
13.9 Bharat Heavy Electricals Limited (BHEL)
13.10 Motech Industries
13.11 Solar World AG
13.12 Tata Power
13.13 Gintech Energy Corp
13.14 First Solar Inc.
LIST OF TABLES
Table 1 Global Solar Energy Market Outlook, By Region (2019-2028) ($MN)
Table 2 Global Solar Energy Market Outlook, By Technology (2019-2028) ($MN)
Table 3 Global Solar Energy Market Outlook, By Harnessing Technology (2019-2028) ($MN)
Table 4 Global Solar Energy Market Outlook, By Solar Thermal Electricity (2019-2028) ($MN)
Table 5 Global Solar Energy Market Outlook, By Artificial Photosynthesis (2019-2028) ($MN)
Table 6 Global Solar Energy Market Outlook, By Concentrated Solar Power (CSP) Systems (2019-2028) ($MN)
Table 7 Global Solar Energy Market Outlook, By Dish Stirling (2019-2028) ($MN)
Table 8 Global Solar Energy Market Outlook, By Parabolic Trough (2019-2028) ($MN)
Table 9 Global Solar Energy Market Outlook, By Fresnel Reflectors (2019-2028) ($MN)
Table 10 Global Solar Energy Market Outlook, By Solar Power Tower (2019-2028) ($MN)
Table 11 Global Solar Energy Market Outlook, By Capturing Technology (2019-2028) ($MN)
Table 12 Global Solar Energy Market Outlook, By Passive Solar Technologies (2019-2028) ($MN)
Table 13 Global Solar Energy Market Outlook, By Active Solar Technologies (2019-2028) ($MN)
Table 14 Global Solar Energy Market Outlook, By Photovoltaic (PV) Systems (2019-2028) ($MN)
Table 15 Global Solar Energy Market Outlook, By Inorganic (2019-2028) ($MN)
Table 16 Global Solar Energy Market Outlook, By Organic (2019-2028) ($MN)
Table 17 Global Solar Energy Market Outlook, By Amorphous Silicon Photovoltaic (PV) Panels (2019-2028) ($MN)
Table 18 Global Solar Energy Market Outlook, By Thick-film Silicon Photovoltaic (PV) Panels (2019-2028) ($MN)
Table 19 Global Solar Energy Market Outlook, By Solar Module Panel (2019-2028) ($MN)
Table 20 Global Solar Energy Market Outlook, By Amorphous Silicon Cells (2019-2028) ($MN)
Table 21 Global Solar Energy Market Outlook, By Mono-Crystalline Silicon Cells (2019-2028) ($MN)
Table 22 Global Solar Energy Market Outlook, By Cadmium Telluride (2019-2028) ($MN)
Table 23 Global Solar Energy Market Outlook, By Copper Indium Gallium Selenide (CIGS) (2019-2028) ($MN)
Table 24 Global Solar Energy Market Outlook, By Polycrystalline Silicon Cells (2019-2028) ($MN)
Table 25 Global Solar Energy Market Outlook, By Application (2019-2028) ($MN)
Table 26 Global Solar Energy Market Outlook, By Heating (2019-2028) ($MN)
Table 27 Global Solar Energy Market Outlook, By Electricity/Power Generation (2019-2028) ($MN)
Table 28 Global Solar Energy Market Outlook, By Charging and Lighting (2019-2028) ($MN)
Table 29 Global Solar Energy Market Outlook, By Generation (2019-2028) ($MN)
Table 30 Global Solar Energy Market Outlook, By First Generation (2019-2028) ($MN)
Table 31 Global Solar Energy Market Outlook, By Second Generation (2019-2028) ($MN)
Table 32 Global Solar Energy Market Outlook, By Third Generation (2019-2028) ($MN)
Table 33 Global Solar Energy Market Outlook, By Off-Grid (2019-2028) ($MN)
Table 34 Global Solar Energy Market Outlook, By Non-Residential (2019-2028) ($MN)
Table 35 Global Solar Energy Market Outlook, By Residential (2019-2028) ($MN)
Table 36 Global Solar Energy Market Outlook, By End User (2019-2028) ($MN)
Table 37 Global Solar Energy Market Outlook, By Transportation (2019-2028) ($MN)
Table 38 Global Solar Energy Market Outlook, By Agriculture & Horticulture (2019-2028) ($MN)
Table 39 Global Solar Energy Market Outlook, By Commercial (2019-2028) ($MN)
Table 40 Global Solar Energy Market Outlook, By Architecture (2019-2028) ($MN)
Table 41 Global Solar Energy Market Outlook, By Industrial (2019-2028) ($MN)
Table 42 Global Solar Energy Market Outlook, By Utility-Scale (2019-2028) ($MN)
Note: Tables for North America, Europe, APAC, South America, and Middle East & Africa Regions are also represented in the same manner as above.
Table 1 Global Solar Energy Market Outlook, By Region (2019-2028) ($MN)
Table 2 Global Solar Energy Market Outlook, By Technology (2019-2028) ($MN)
Table 3 Global Solar Energy Market Outlook, By Harnessing Technology (2019-2028) ($MN)
Table 4 Global Solar Energy Market Outlook, By Solar Thermal Electricity (2019-2028) ($MN)
Table 5 Global Solar Energy Market Outlook, By Artificial Photosynthesis (2019-2028) ($MN)
Table 6 Global Solar Energy Market Outlook, By Concentrated Solar Power (CSP) Systems (2019-2028) ($MN)
Table 7 Global Solar Energy Market Outlook, By Dish Stirling (2019-2028) ($MN)
Table 8 Global Solar Energy Market Outlook, By Parabolic Trough (2019-2028) ($MN)
Table 9 Global Solar Energy Market Outlook, By Fresnel Reflectors (2019-2028) ($MN)
Table 10 Global Solar Energy Market Outlook, By Solar Power Tower (2019-2028) ($MN)
Table 11 Global Solar Energy Market Outlook, By Capturing Technology (2019-2028) ($MN)
Table 12 Global Solar Energy Market Outlook, By Passive Solar Technologies (2019-2028) ($MN)
Table 13 Global Solar Energy Market Outlook, By Active Solar Technologies (2019-2028) ($MN)
Table 14 Global Solar Energy Market Outlook, By Photovoltaic (PV) Systems (2019-2028) ($MN)
Table 15 Global Solar Energy Market Outlook, By Inorganic (2019-2028) ($MN)
Table 16 Global Solar Energy Market Outlook, By Organic (2019-2028) ($MN)
Table 17 Global Solar Energy Market Outlook, By Amorphous Silicon Photovoltaic (PV) Panels (2019-2028) ($MN)
Table 18 Global Solar Energy Market Outlook, By Thick-film Silicon Photovoltaic (PV) Panels (2019-2028) ($MN)
Table 19 Global Solar Energy Market Outlook, By Solar Module Panel (2019-2028) ($MN)
Table 20 Global Solar Energy Market Outlook, By Amorphous Silicon Cells (2019-2028) ($MN)
Table 21 Global Solar Energy Market Outlook, By Mono-Crystalline Silicon Cells (2019-2028) ($MN)
Table 22 Global Solar Energy Market Outlook, By Cadmium Telluride (2019-2028) ($MN)
Table 23 Global Solar Energy Market Outlook, By Copper Indium Gallium Selenide (CIGS) (2019-2028) ($MN)
Table 24 Global Solar Energy Market Outlook, By Polycrystalline Silicon Cells (2019-2028) ($MN)
Table 25 Global Solar Energy Market Outlook, By Application (2019-2028) ($MN)
Table 26 Global Solar Energy Market Outlook, By Heating (2019-2028) ($MN)
Table 27 Global Solar Energy Market Outlook, By Electricity/Power Generation (2019-2028) ($MN)
Table 28 Global Solar Energy Market Outlook, By Charging and Lighting (2019-2028) ($MN)
Table 29 Global Solar Energy Market Outlook, By Generation (2019-2028) ($MN)
Table 30 Global Solar Energy Market Outlook, By First Generation (2019-2028) ($MN)
Table 31 Global Solar Energy Market Outlook, By Second Generation (2019-2028) ($MN)
Table 32 Global Solar Energy Market Outlook, By Third Generation (2019-2028) ($MN)
Table 33 Global Solar Energy Market Outlook, By Off-Grid (2019-2028) ($MN)
Table 34 Global Solar Energy Market Outlook, By Non-Residential (2019-2028) ($MN)
Table 35 Global Solar Energy Market Outlook, By Residential (2019-2028) ($MN)
Table 36 Global Solar Energy Market Outlook, By End User (2019-2028) ($MN)
Table 37 Global Solar Energy Market Outlook, By Transportation (2019-2028) ($MN)
Table 38 Global Solar Energy Market Outlook, By Agriculture & Horticulture (2019-2028) ($MN)
Table 39 Global Solar Energy Market Outlook, By Commercial (2019-2028) ($MN)
Table 40 Global Solar Energy Market Outlook, By Architecture (2019-2028) ($MN)
Table 41 Global Solar Energy Market Outlook, By Industrial (2019-2028) ($MN)
Table 42 Global Solar Energy Market Outlook, By Utility-Scale (2019-2028) ($MN)
Note: Tables for North America, Europe, APAC, South America, and Middle East & Africa Regions are also represented in the same manner as above.
