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. 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.
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Technologies Covered:• Harnessing Technology• Concentrated Solar Power (CSP) Systems• Capturing Technology• Photovoltaic (PV) Systems Solar Module Panels Covered:• Amorphous Silicon Cells• Mono-Crystalline Silicon Cells• Cadmium Telluride• Copper Indium Gallium Selenide (CIGS)• Polycrystalline Silicon CellsApplications Covered:• Heating• Electricity/Power Generation• Charging and Lighting Generations Covered:• First Generation• Second Generation• Third Generation Off-Grids Covered:• Non-Residential• Residential End Users Covered:• Transportation• Agriculture & Horticulture• Commercial• Architecture• Industrial• Utility-Scale
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