Global Market for Solar Energy is Anticipated to grow at a Significant Pace i.e., USD 310 Billion during the Forecast Period 2022-2030
Vynz Research, a leading provider of market research and consulting services, has announced the release of a new report on the global solar energy market growth from 2021-2030. The report provides a comprehensive analysis of the solar energy market, including market size, growth trends, key drivers and challenges, and market segmentation by technology, application, and geography.
According to the report, the global solar energy market is expected to grow at a compound annual growth rate (CAGR) of 21% from 2021 to 2030, reaching a market size of USD 310 billion by the end of the forecast period. The increasing demand for clean energy and the declining cost of solar energy technologies are the key factors driving the growth of the market.
The report highlights the various solar energy technologies, including photovoltaic (PV), concentrated solar power (CSP), and others. The PV technology segment is expected to dominate the market, accounting for the largest share of the market in terms of revenue. The report also provides an in-depth analysis of the various applications of solar energy, including residential, commercial, and utility-scale applications.
Geographically, the Asia-Pacific region is expected to dominate the market, accounting for the largest share of the market in terms of revenue. The increasing adoption of solar energy in countries such as China, India, and Japan is driving the growth of the market in the region.
Despite the promising growth prospects, the report also highlights the key challenges faced by the solar energy market, including the intermittency and variability of solar power generation, the lack of grid infrastructure, and the high initial investment required for solar energy projects.
VynZ Research is committed to helping our clients make informed decisions based on accurate and reliable market data. Our team of experienced analysts and consultants have extensive knowledge and expertise in the solar energy market, and we are dedicated to providing our clients with actionable insights and recommendations.
To learn more about the global solar energy market growth from 2021-2030 and how VynZ Research can help you navigate the market, please contact us at support@vynzresearch.com or call- 18882533960.
Scope of the Report
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Report Metric |
Details |
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Market Size Available for the Years in the Study |
2018–2030 |
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Historical Period |
2018–2021 |
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Base Year |
2022 |
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Forecast Period |
2022–2030 |
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Segments Covered in the Study |
Grid, Technology, Application and End User |
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Geographies Covered in the Study |
North America (U.S., Canada, Mexico), Europe (Germany, U.K., France, Italy, Spain, Russia), Asia-Pacific (China, Japan, India, South Korea), and Rest of the World (Brazil, Saudi Arabia, South Africa, U.A.E.) |
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Companies Covered in the Study |
Sodexo, Servicon Systems, Inc., HHS, Aramark, ABM, octoclean Franchising Systems, Inc., AVI Foodsystems, Inc., Xanitos, Inc, BRAVO! Building Services, and Jani-King International, Inc. |
Global Solar Energy Market Coverage
Solar Type Insight and Forecast 2018-2030
- Monocrystalline
- Polycrystalline
- Cadmium Telluride
- Amorphous Silicon Cells
- Others
Technology Insight and Forecast 2018-2030
- Photovoltaic system
- Mono-si
- Thin-Film
- Multi-si
- Other
- Concentrated Solar Power System
- Parabolic
- Solar Power Tower
- Fresnel Reflectors
- Dishing Stirling
Application Insight and Forecast 2018-2030
- Residential
- Non-Residential
- Utility
End User Insight and Forecast 2018-2030
- Electricity Generation
- Lighting
- Heating
- Charging
Geographical Segmentation
Solar Energy Market by Region
North America
- By Solar Type
- By Technology
- By Application
- By End User
- By Country
- U.S.
- Canada
- Mexico
Europe
- By Solar Type
- By Technology
- By Application
- By End User
- By Country
- Germany
- U.K.
- France
- Italy
- Spain
- Russia
- Rest of Europe
Asia-Pacific (APAC)
- By Solar Type
- By Technology
- By Application
- By End User
- By Country
- China
- Japan
- India
- South Korea
- Rest of Asia-Pacific
Rest of the World (RoW)
- By Solar Type
- By Technology
- By Application
- By End User
- By Country
- Brazil
- Saudi Arabia
- South Africa
- U.A.E.
- Other Countries