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Nov 03, 2020 (The Expresswire) —
The advancements in photovoltaic technology in recent years have boded well for the global solar power market. Growing awareness of the adverse effects of pollution and minimizing greenhouse gases have contributed to the demand for solar power across the world. Furthermore, increasing efforts towards ensuring optimum solar energy consumption will aid the growth of the global”solar power market” in the forthcoming years. The increasing investment in the development of solar power and related energy generation devices from private as well as government organizations has contributed to the growth of the global market.
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Top Players Overview:
- Abengoa Solar S.A.
- Acciona Energia S.A.
- Wuxi Suntech Power Co. Ltd.
- Bright source Energy Inc.
- Esolar Inc.
- Gintech Energy Corp.
- Kaneka Corp.
- Sunpower Corporation
- Canadian Solar Inc.
- First Solar
- Jinko Solar
- Hanwha Q Cells
- Trina Solar
- JA Solar Co. Ltd.
- LONGi Solar
- Sharp Corporation
- Risen Energy Co. Ltd.
- Auxin Solar inc.
- Sunpro Power Co., Ltd
- CSG PVTECH CO., LTD.
- Kyocera Corporation
- Panasonic Corporation
- DMEGC Germany GmbH
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Market Landscape and Market Scenario Includes:
- Current market size estimate
- Revenues by players Top Companies
- Market size by product categories
- Market size by regions/country
The global solar power market will derive growth from the increasing awareness regarding conservation of conventional energy sources and reducing environmental pollution. According to a report published by Fortune Business Insights, titled “Solar Power: Global Market Analysis, Insights and Forecast, 2026,” the market estimated to be at 680.22 GW in 2020. Fortune Business Insights has predicted that the market will reach 4766.82 GW by 2026, thereby exhibiting a CAGR of 30.7%.
1. By Technology
Solar Photovoltaic (PV)
- Mono-si (Monocrystalline)
- Multi-si (Polycrystalline)
Concentrated Solar Power (CSP)
- Power Tower
- Linear Fresnel
- Parabolic Trough
2. By Application
- North America (USA and Canada)
- Europe (UK, Germany, France, Italy, Spain, Scandinavia and Rest of Europe)
- Asia Pacific (Japan, China, India, Australia, Southeast Asia and Rest of Asia Pacific)
- Latin America (Brazil, Mexico and Rest of Latin America)
- Middle East and Africa (South Africa, GCC and Rest of the Middle East and Africa)
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Important Features that are under Offering and Key Highlights of the Market Report:
- Detailed overview of Solar Power Market Share
- Changing market dynamics of the industry
- In-depth market segmentation by Type, Application, etc.
- Historical, current and projected market size in terms of volume and value
- Recent industry trends and developments
- Competitive landscape of Market
- Strategies of key players and product offerings
- Potential and niche segments/regions exhibiting promising market growth
Queries Addressed In The Market Report:
- What opportunities are present for the Solar Power market players to enhance their business footprint?
- What manufacturing techniques are being implemented in the development of advanced Construction Equipment?
- Which segment is witnessing huge traction from the consumers?
- For what purposes, is the market being utilized?
- How many units are estimated to be sold in 2020?
Oxford PV Bags D 3 Mn Investments; Company’s Upcoming Product Will Help Market Gain Momentum
The global solar power market has benefited from the increasing investment by government organizations towards research and development of innovative solar panels. In 2018, Oxford PV received a D 3Mn investment from the UK government for the development of its new technology that is indicated to boost the adoption of renewable energy production. Oxford PV is working in tandem with the Oxford University to polish this concept. The commercialization of Oxford’s latest technology is likely to aid the growth of the global solar power market. The report encompasses several new concepts similar to Oxford PV’s latest technology and gauges the impact of the technologies on the global market.
Besides product launches and innovations, the report focuses on several aspects such as market entrants, investors, and mergers and acquisitions. The report provides information on key market segments based on various parameters such as technology, application, and regional demographics.
New Devices That Can Harness Solar Energy at Night Will Enable Market Growth
The awareness towards climate change and several initiatives taken to minimize the consumption of non-renewable energy sources have created the need for efficient solar energy harnessing devices. As a result of climate change, governments across the world have made active participation in the form of investment as well as subsidies. As a result of the outcry for environmental preservations, companies have capitalized by introducing newer products and concepts that will aid in harnessing solar energy efficiently. Recently, scientists have introduced a new concept for the operation of solar panels, wherein the device will be able to generate electricity from the energy at night. Fortune Business Insights has identified this as a breakthrough concept and it has predicted that such innovations will aid the growth of the global solar power market in the forthcoming years.
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Key Features of Market Research Report:
- This report provides detail analysis of the market and have a comprehensive understanding of the market and its commercial landscape.
- Learn about the various market strategies that are being adopted by leading companies.
- It provides a five-year forecast assessed based on how the market is predicted to grow.
- It provides insightful analysis of changing competition dynamics and keeps you ahead of competitors.
- To understand the future scope and outlooks for the market.
- Market Forecast by regions, type and application, with sales and revenue, from 2020 to 2026.
- Market Share, distributors, major suppliers, changing price patterns and the supply chain of raw materials is highlighted in the report.
- Market Size (sales, revenue) forecast by regions and countries from 2020 to 2023 of industry.
- The global Solar Power market Growth is anticipated to rise at a considerable rate during the forecast period, between 2020 and 2023. In 2020, the market was growing at a steady rate and with the rising adoption of strategies by key players, the market is expected to rise over the projected horizon.
- Market Trend for Development and marketing channels are analysed. Finally, the feasibility of new investment projects is assessed and overall research conclusions offered.
- Market Report also mentions market share accrued by each product in the market, along with the production growth.
Lastly, this report covers the market landscape and its growth prospects over the coming years, the Report also brief deals with the product life cycle, comparing it to the relevant products from across industries that had already been commercialized details the potential for various applications, discussing about recent product innovations and gives an overview on potential regional market shares.
Table of Content
5. Global Solar Power Market Analysis (MW and USD Mn), Insights and Forecast, 2015-2026
5.1. Key Findings
5.2. Market Analysis, Insights and Forecast By Technology
5.2.1. Solar Photovoltaic
5.2.2. Concentrated Solar Power
5.3. Market Analysis, Insights and Forecast By Application
5.4. Market Analysis, Insights and Forecast By Region
5.4.1. North America
5.4.2. Latin America
5.4.4. Asia Pacific
5.4.5. Middle East and Africa
6.North America Solar Power Market Analysis (MW and USD Mn), Insights and Forecast, 2015-2026
6.1. Key Findings
6.2. Market Analysis, Insights and Forecast By Technology
6.2.1. Solar Photovoltaic
6.2.2. Concentrated Solar Power
6.3. Market Analysis, Insights and Forecast By Application
6.4. Market Analysis, Insights and Forecast By Country
7.Latin America Solar Power Market Analysis (MW and USD Mn), Insights and Forecast, 2015-2026
7.1. Key Findings
7.2. Market Analysis, Insights and Forecast By Technology
7.2.1. Solar Photovoltaic
7.2.2. Concentrated Solar Power
An Overview of the Impact of COVID-19 on this Market:
The emergence of COVID-19 has brought the world to a standstill. We understand that this health crisis has brought an unprecedented impact on businesses across industries. However, this too shall pass. Rising support from governments and several companies can help in the fight against this highly contagious disease. There are some industries that are struggling and some are thriving. Overall, almost every sector is anticipated to be impacted by the pandemic.
We are taking continuous efforts to help your business sustain and grow during COVID-19 pandemics. Based on our experience and expertise, we will offer you an impact analysis of coronavirus outbreak across industries to help you prepare for the future.
Click here to get the short-term and long-term impact of COVID-19 on this Market.
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Press Release Distributed by The Express Wire
To view the original version on The Express Wire visit Solar Power Market: How will the Disruptions Created by Covid19 Affect the market ? Fortune Business Insights
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