Distributed Solar Power Generation Market

1. Distributed Solar Power Generation Market - Global Industry Analysis, Growth, Share, Size, Trends, and Forecast The distributed solar power generation market size is anticipated to expand at a significant CAGR during the forecast period 2021–2028. Growth of the market is attributed to increasing energy consumption, traditional power sources unable to meet requirement, supportive government policies, and upcoming projects. Solar energy is the radiant energy released from the sun, which is utilized by using various technologies such as photovoltaic cells, solar heating, and others. The solar energy is an efficient form of alternative energy and a suitable renewable solution toward global warming and growing greenhouse emissions. The Covid-19 pandemic affected the demand and supply of distributed solar power generation market. Lockdown across the globe, supply chain disorders, and oscillating supply of raw materials forced manufacturers to shut down production leading to unfortunate decline in market growth. Launch of vaccines to combat the Covid-19 pandemic is expected to contribute to the market growth over the forecast period. Market Trends, Drivers, Restraints, and Opportunities  Increasing consumer purchasing capacity and growing population are projected to boost the market. Growth in solar energy manufactures and rapidly growing production capacity is the major factor fueling the market. High cost of distributed solar power generationis projected to restrict the market expansion during the forecast period.  

2.  R&D investment and technological advancement in distributed solar power generationmarket is projected to offer lucrative opportunities for the market players. Sample - https://growthmarketreports.com/request-sample/1161 Market Segment Insights The industrial segment is expected to grow at a rapid pace Based on end-users, the distributed solar power generationmarket is divided into industrial, residential, commercial, and others. The industrial segment accounts for a key share of the market. Growth of the market is attributed to the rising energy consumption, rapid industrialization, growing demand for electricity, and developed electricity transmission infrastructure. The residential segment is anticipated to expand at a rapid pace during the forecast period due to factors such as rapid urbanization, government policies, increasing population, and rapid development in commercial sector. The monocrystalline segment accounts for a major share of the market On the basis of solar module, the distributed solar power generationmarket is segmented intopolycrystalline, amorphous silicon cells, cadmium telluride, monocrystalline, and others. The monocrystalline segment accounts for a major share of the market. Growth of the market is attributed to increasing environmental pollution and rapidly decreasing water footprint.The polycrystalline segment is anticipated to expand at a rapid pace during the forecast period due to factors such as increasing application of solar systems in architectural sector and rising demand for solar power towers in electricity generations. The photovoltaic systems segment accounts for a significant share of the market Based on technology, the distributed solar power generationmarket is bifurcated into concentrated solar power systems and photovoltaic systems. The photovoltaic systems segment accounts for a significant share of the market. Growth of the market is attributed to low material cost and increasing efficiency of solar panel.The concentrated solar power segment is anticipated to expand at a rapid pace during the forecast period due to factors such as increased investment in research and development and rising adoption of solar storage system. The market in Asia Pacific is estimated to hold a key market share On the basis of regions, the distributed solar power generationmarket is categorized as Asia Pacific, North America, Latin America, Europe, and Middle East & Africa. The market of Europe is anticipated to expand at a high CAGR during the forecast period due to rapid economic growth in region and encouragement from government organizations. The market of Asia Pacific is estimated to hold key market share due to decrease in raw material prices of solar modules and increasing adoption of storage grid. Inquiry- https://growthmarketreports.com/enquiry-before-buying/1161 Competitive Landscape Key players competing in the distributed solar power generation market include JinkoSolar Holding Co. Ltd., Canadian Solar Inc., Trina Solar Limited, Active Solar GmbH, Wuxi Suntech Power Co. Ltd., Yingli

3. Solar, Sharp Solar Energy Solution Group, Tesla Inc., and First Solar Inc. Some of these players are using several market strategies such as acquisitions, merger, collaborations, partnerships, capacity expansion, and product launches to enhance their market shares and to generate revenue and rise their production line of the business in the coming years. About Growth Market Reports: GMR provides global enterprises as well as medium and small businesses with unmatched quality of “Market Research Reports” and “Industry Intelligence Solutions”. GMR has a targeted view to provide business insights and consulting to assist its clients to make strategic business decisions and achieve sustainable growth in their respective market domain. Our key analysis segments, though not restricted to the same, include market entry strategies, market size estimations, market trend analysis, market opportunity analysis, market threat analysis, market growth/fall forecasting, primary interviews, secondary research & consumer surveys. Contact: Growth Market Reports Phone: +1 909 414 1393 Email: sales@growthmarketreports.com Web: https://growthmarketreports.com Follow Us: LinkedIn | Twitter