Global Solar Energy Market

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. Global Solar Energy Market 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. Global Solar Energy Market1

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

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