Compared to the installed capacity exhibited prior to 2009 recession, the solar energy market has staged a remarkable rebound since. Newly installed solar photovoltaic capacity was recorded at 38.4 GW in 2013, while the cumulative installed capacity of solar power worldwide reached 138.9 GW.
Elicited by the rising need for electricity in conjunction with government policies encouraging the use of renewable sources of energy, the global market for solar energy is poised to grow exponentially between 2014 and 2019. The study on the global solar energy market addresses market dynamics such as growth drivers, restraints, opportunities that are likely to impact the industry.
Complete with relevant graphical representations, infographics, and data, the report provides an executive-level blueprint of the market. The study is compiled as a definitive business overview investigating factors shaping the trajectory of market growth. With the help of analytical tools such as SWOT Analysis, and Porter’s five forces analysis, the report analyzes market dynamics, to serve as a tool for investment planning, financial modeling, and competition monitoring for major players in the industry.
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Solar energy is abundantly available for free, making it an ideal long-term source of clean energy that can be effectively used as an alternative to currently prevalent nonrenewable sources such as oil, gas, and coal.
Solar energy can be harnessed using technologies such as solar heating, solar photovoltaics, artificial photosynthesis, and solar thermal electricity. Similarly, solar radiations from the Sun can be captured using passive or active solar technologies for the purpose of water heating, space heating, water treatment, cooking, and producing electricity. Apart from this, solar energy is also increasingly being used across the industrial, commercial, and residential sectors.
Factors such as rapid industrialization in developing economies such as India and China, stringent government regulations encouraging the use of eco-friendly fuels, tax benefits regarding the same, and subsidies offered by governments for effective utilization of barren land for solar power projects are the key growth drivers of the market. In addition, advances introduced in solar cell technologies that ensure high efficiency in solar-to-electric conversion is another important factor positively impacting the solar energy market. Despite having strongly favorable growth conditions, the market for solar energy has had to face difficulties such as the economic meltdown in Europe, which forced the previously supportive European governments to reduce subsidies on solar energy. Nevertheless, new and existing companies can tap into the bountiful resource in equatorial countries in Africa and Latin America to enjoy sustainable growth in the future.
Companies mentioned in the research report
The research report identifies leading players in the global solar energy market in order to provide insights on the competitive landscape. The companies profiled in this report are Yingli Solar, Suntech Power Holdings Co. Ltd., Trina Solar Limited, First Solar Inc., and Sharp Corporation.
Segmentation on the basis of technology used for harnessing solar energy:
- Solar Photovoltaics
- Solar Thermal Electricity
- Artificial Photosynthesis
- Solar Heating
Segmentation in terms of technologies used for capturing solar energy:
- Active Solar Technologies
- Passive Solar Technologies
Major geographies analyzed under this research report are:
- North America
- Rest of the World
This report gives you access to decisive data such as:
- Market growth drivers
- Factors limiting market growth
- Current market trends
- Market structure
- Market projections for the coming years
Key highlights of this report
- Overview of key market forces propelling and restraining market growth
- Up-to-date analyses of market trends and technological improvements
- Pin-point analyses of market competition dynamics to offer you a competitive edge
- An analysis of strategies of major competitors
- An array of graphics and SWOT analysis of major industry segments
- Detailed analyses of industry trends
- A well-defined technological growth map with an impact-analysis
- Offers a clear understanding of the competitive landscape and key product segments