Solar Energy Market Companies, Share, Forecast, Overview and Analysis by 2028

The global Solar Energy Market will be worth USD 243.95 Billion by 2027, according to a current analysis by Emergen Research. The growth of this market can be attributed to the growing global population and the increasing demand for electricity in developing countries. The decreasing cost of renewable sources of energy is expected to drive the industry's growth over the forecast period. The increasing cost of coal, gas, or oil has resulted in the government's growing initiatives to reduce the dependency on coal-generated energy.

The report provides detailed insights into Solar Energy market revenue trends, industry trends, consumer trends, market size, market share, market revenue growth drivers, and forecast, along with ranging impact of each factor and driver. It also provides analysis of various factors expected to restrain or limit potential growth in Solar Energy market size over the forecast period, 2020–2028. The report includes profiles of major Solar Energy players in the market, strategies being employed, mergers, acquisitions, recent developments, agreements, contracts, new product development and launches, segment revenue, investment details as well as financials. Also included are details regarding top Solar Energy market players, manufacturers, and vendors and the various strategies being deployed in the market and objectives for these strategies.

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Global Solar Energy market revenue growth is primarily driven by rising focus by major companies on product portfolio expansion, entry into new and untapped domestic and international markets, rising investments my top Solar Energy market players, manufacturers, and vendors in strategic agreements and contracts, and rapidly increasing competition in the Solar Energy market.

The increasing need for sustainable urban living and minimization of the dependency on fossil-fuel power generation is projected to fuel the system's demand over the forecast period. The emerging markets and the increasing industries in countries like India, Russia, Brazil, and China are actively choosing renewables over fossils.

In addition, rapidly rising demand and deployment in respective sectors/industries in major and developing countries is supporting growth in terms of Solar Energy market share contribution of these countries. In addition, Solar Energy market share contribution is expected to continue to incline steadily over the forecast period due to favorable government policies, advancements in technology, and steady economic growth across various regions and countries.

Top key vendors in Solar Energy Market include are:

Key participants include Borrego Solar Systems Inc., Abengoa Solar SA, AREVA, BrightSource Energy Inc., Acciona Energia, S.A., ESolar Inc., Tata Power Solar, First Solar Inc., Evergreen Solar Inc., and Canadian Solar, among others.

Emergen Research has segmented the global Solar Energy Market on the basis of Technology, Application, End-Use, and region:

Technology Outlook (Revenue, USD Billion; 2017-2027)
- Concentrated Solar Power (CSP)
- Solar Photovoltaic (PV)

Application Outlook (Revenue, USD Billion; 2017-2027)
- Commercial
- Residential
- Industrial

End-Use Outlook (Revenue, USD Billion; 2017-2027)
- Lighting
- Charging
- Electricity generation
- Heating

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In terms of Solar Energy market share and revenue contribution to the global Solar Energy market, North America is expected to maintain its dominance over other regional markets over the forecast period. Presence of major companies in countries in the region is a key factor supporting rapid increase in Solar Energy market share.

The market intelligence report on the Solar Energy Industry also includes an extensive investigation of the competitive landscape. It assesses the business and marketing strategies expected to be present in the market through the forecast years. It also includes an investigation of the recent advancements and other factors driving the growth of the overall market to help comprehend the progress of the companies in the coming years.

Region wise performance of the Solar Energy industry

North America Solar Energy market revenue growth was relatively higher than that of other regional markets in 2020. North America Solar Energy market revenue is expected to continue to remain dominant over the forecast period, supported by robust presence of top market players, manufacturers, and vendors, and favorable government policies and norms in countries in the region.

Asia Pacific Solar Energy market revenue registered fastest growth rate in 2020, and this trend is expected to continue over the forecast period. Asia Pacific Solar Energy market revenue growth is driven by significant market revenue contribution from China, India, and South Korea. China is a robust hub for top Solar Energy market players, manufacturers, and vendors, as well as easy access to raw materials and workforce at more economical costs that that of other regional markets.

Europe Solar Energy market revenue is expected to continue to remain steady over the forecast period, attributed to changing trends in various market and robust focus on research and development initiatives by top market players, manufacturers, and vendors to expand global footprint and drive revenues and profits.

Geographically, this report studies the key regions, focuses on product sales, value, market share and growth opportunity in these regions, covering:

United States
Europe
China
Japan
Southeast Asia
India

We can also provide the customized separate regional or country-level reports, for the following regions:

North America, United States, Canada, Mexico, Asia-Pacific, China, India, Japan, South Korea, Australia, Indonesia, Singapore, Rest of Asia-Pacific, Europe, Germany, France, UK, Italy, Spain, Russia, Rest of Europe, Central South America, Brazil, Argentina, Rest of South America, Middle East Africa, Saudi Arabia, Turkey, Rest of Middle East Africa

We can customize our reports for our customers, for instance, we can add or remove manufacturers, applications or product types, whatever you need in the report. Ask for it by contacting us@ https://www.emergenresearch.com/request-for-customization/230

The research provides answers to the following key questions:

What will be the growth rate and the market size of the Solar Energy industry for the forecast period 2020-2027?
What are the major driving forces expected to impact the development of the Solar Energy market across different regions?
Who are the major driving forces expected to decide the fate of the Solar Energy industry worldwide?
Who are the prominent market players making a mark in the Solar Energy market with their winning strategies?
Which Solar Energy industry trends are likely to shape the future of the industry during the forecast period 2020-2027?
What are the key barriers and threats believed to hinder the development of the industry?
What are the future opportunities in the Solar Energy market?

Table of Content

Chapter 1. Methodology Sources

1.1. Solar Energy Market Definition

1.2. Research Scope

1.3. Methodology

1.4. Research Sources

1.4.1. Primary

1.4.2. Secondary

1.4.3. Paid Sources

1.5. Solar Energy Market Estimation Technique

Chapter 2. Executive Summary

2.1. Summary Snapshot, 2021-2028