Solar Energy Market Top Countries Data, Industry Share, Overview, Regional Economy, Development and Forecast to 2027

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Solar Energy Market Size – $ 92.80 Billion in 2019, Market Growth – CAGR of 13.6%.

VANCOUVER, BRITISH COLUMBIA, CANADA, November 25, 2021 / – The global solar energy market will be valued at $ 243.95 billion by 2027, according to a recent analysis by Emergen Research. The growth of this market is due to the growing world population and the increasing demand for electricity in developing countries. The falling cost of renewable energy sources is expected to fuel industry growth over the forecast period. The rising cost of coal, gas or oil has led to growing government initiatives to reduce reliance on coal energy.

The global solar energy market research study published by Emergen Research is a comprehensive collection of insightful information about the solar energy industry. The report covers the segmentation of the Solar Energy Market along with a detailed look at the size of the Solar Energy market in terms of volume and valuation. The report offers comprehensive coverage of the Solar Energy market scenario for the current period and the forecast period of 2020-2027. The Solar Energy Market report has an in-depth analysis of the historical, current, and forecast earnings for each industry, segment, end-use industry, application, and region.

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Global Solar Energy Market Scenario 2020-2027

Global Solar Energy Market report has comprehensive information with insightful data for businesses and investors for the period 2020-2027. The report examines the historical data of the Solar Energy market and provides valuable information on the key segments and sub-segments, revenue generation, demand and supply scenario, trends, and other important aspects. The report provides an accurate forecast estimate of the solar energy industry based on the latest advances in technology and research. It also provides valuable data to assist investors formulate strategic business investment plans and capitalize on the emerging growth prospects in the solar energy market.

Key highlights from the report

In July 2019 a partnership between NTT Com-Netmagic and Tata Power Solar was concluded. The association was founded with the aim of providing an IT solution for the company’s upcoming 50 MW photovoltaic power plant project in Maharashtra.

The Solar Photovoltaic segment is expected to be the fastest growing segment in the forecast period. Industry and commerce are increasingly using it for large-scale electricity generation.

The industrial segment held the largest market share of 48.5% in 2019, as industries want to become less CO2-intensive and more energy-efficient in the future because renewable energy sources are increasingly used to generate electricity.

Due to rapid urbanization in developing countries and increasing government initiative to reduce reliance on coal energy, solar energy is mainly used to generate electricity.

Competition outlook:

The global solar energy market is highly consolidated due to the presence of a large number of companies in this industry. These companies are known for making heavy investments in research and development projects. They also control a significant part of the total market share and thus limit the entry of new players into the sector. The global Solar Energy Market report studies the prudent tactics of the leading market players such as partnerships and collaborations, mergers and acquisitions, product launches, and joint ventures.

Major companies in the market include: Borrego Solar Systems Inc., Abengoa Solar SA, AREVA, BrightSource Energy Inc., Acciona Energia, SA, ESolar Inc., Tata Power Solar, First Solar Inc., Evergreen Solar Inc., and Canadian Solar, among others.

Geographical Landscape of Global Solar Energy Market Summary:

The report carefully studies the growth trajectory of the global solar energy market. It shows the global dominance of the leading regional segments, including North America, Asia-Pacific, Europe, Latin America, and the Middle East and Africa.

In the study, the decisive information on the regional market share is worked out. At the same time, it focuses on the essential details of the growth patterns of the individual regional markets.

Additionally, the report also includes a comprehensive geographic study of the market highlighting the business growth prospect and market barriers for each of the major market regions.

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Emergen Research has segmented the global solar energy market by technology, application, end use and region:

Technology Outlook (Revenue, $ Billion; 2017-2027)

Concentrated Solar Energy (CSP)

Solar photovoltaics (PV)

Application Outlook (Revenue, $ Billion; 2017-2027)




End Use Outlook (Revenue, $ Billion; 2017-2027)



Power generation


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table of contents

Chapter 1. Methodology & Sources

1.1. Market definition for solar energy

1.2. Scope of research

1.3. methodology

1.4. Research sources

1.4.1. Primary

1.4.2. Secondary

1.4.3. Paid sources

1.5. Estimation technology for the solar energy market

Chapter 2. Summary

2.1. Summary snapshot, 2021-2028

Chapter 3. Key Findings

Chapter 4. Solar Energy Market Segmentation and Impact Analysis

4.1. Analysis of the material segmentation of the solar energy market

4.2. Industrial outlook

4.2.1. Analysis of solar energy market indicators

4.2.2. Analysis of the market drivers for solar energy

Key questions of the report:

What are the key drivers for the global solar energy market?

Who are the most important manufacturers in this market area?

Who are the distributors, dealers and dealers in this market?

What market opportunities and risks affect the performance of providers in the global solar energy market?

What are the sales and sales estimates of the top manufacturers in this market in the forecast period?


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About Emergen Research

Emergen Research is a market research and advisory firm that provides syndicated research reports, bespoke research reports, and advisory services. Our solutions focus exclusively on their purpose of locating, deliberately analyzing and analyzing changes in consumer behavior in various demographics and industries and helping customers make smarter business decisions. We offer market research studies that ensure relevant and fact-based research across multiple industries including Healthcare, Touchpoints, Chemicals, Types, and Energy.

Eric Lee
Emergeny research
+91 90 210 91709
[email protected]
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November 25, 2021 at 8:19 am GMT

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