Global Solar Energy Market is projected to reach USD 460 Billion by 2024 from USD 92 Billion in 2016, exhibiting a CAGR of 22.2% during the forecast period. Solar energy has been identified as one of the key renewable sources to supplement the conventional energy sources and reduce carbon emission. However, solar energy industry faces the number of challenges in the areas of grid connectivity and evacuation infrastructure, capacity utilization, regulatory & policy developments, initial capital investment, lack of innovative financing models, consumer awareness and acceptance. The growth of the Global Solar Energy Market is driven by an increase in environmental pollution and facility of government incentives & tax allowances to install solar panels. Demand for parabolic troughs and solar power towers in electricity generation is expected to increase the demand for concentrated solar power systems. Global Solar Energy Market is classified by Technology, Solar Module, Generation, Application, and Regions. Based on technology, the global solar energy industry is categorized into photovoltaic cells and concentrated solar power systems. Photovoltaic cells are sub-segmented into inorganic and organic cells, whereas concentrated solar power systems are further segmented into parabolic troughs, solar power towers, and others. According to the solar module, Global Solar Energy Market is segmented into monocrystalline silicon cells, polycrystalline silicon cells, cadmium telluride silicon cells, amorphous silicon cells, and others. Deployments of solar power plants are getting popular in the Asia Pacific (APAC). Expansion of solar power production in countries such as Japan, India, and China is contributing to the progress of the APAC region. Another factor strengthening the market is the increasing demand for electricity owing to population progression and fast industrialization.
Scope OF Global Solar Energy Market:
Global Solar Energy Market, By Technology:
• Photovoltaic cells • Inorganic • Organic • Concentrated Solar Power Systems • Parabolic Troughs • Solar Tower • Others
Global Solar Energy Market, By Solar Module:
• Mono-crystalline Silicon Cells • Polycrystalline Silicon Cells • Cadmium Telluride • Amorphous Silicon Cells • Copper Indium Gallium Selenide (CIGS) • Others
Global Solar Energy Market, By Generation
• First Generation • Second Generation • Third Generation
Global Solar Energy Market, By Application:
• Agriculture & Horticulture • Architecture • Transportation • Others
Global Solar Energy Market, By Region:
• North America • Europe • Asia Pacific • Middle East & Africa • South America
This Report Is Submitted By @Maximize Market Research Company
Customization of the report:
Maximize Market Research provides free personalized of reports as per your demand. This report can be personalized to meet your requirements. Get in touch with us and our sales team will guarantee provide you to get a report that suits your necessities.
About Maximize Market Research:
Maximize Market Research provides B2B and B2C research on 20,000 high growth emerging opportunities & technologies as well as threats to the companies across the Healthcare, Pharmaceuticals, Electronics & Communications, Internet of Things, Food and Beverages, Aerospace and Defense and other manufacturing sectors.
Name: Lumawant Godage
Organization: MAXIMIZE MARKET RESEARCH PVT. LTD.
Address: Omkar Heights, Sinhagad Road, Manik Baug, Vadgaon Bk,Pune, Maharashtra 411051, India.
Contact: +91 20 6630 3320/ +919607065656/ +919607195908