Research Nester Reviews The Global Solar Panel Market Is Estimated To Portray A CAGR Of 26.3% From 2017 To 2027

Global solar panel market is expected to reach USD 485 Billion, growing at a CAGR of 26.3% during the forecast period. Factors such as increasing solar utilities installation, favorable consumer concern with ecofriendly technology and rising environmental concerns are driving the growth of the solar panel market. Moreover, the global solar panel market is expected to garner noteworthy revenue by the end of 2027.  Solar panel is an efficient form of convenient renewable solution towards global warming with its application segments like Photovoltaic power stations, Rooftop solar PV systems, Standalone PV systems, Solar hybrid power systems, Concentrated photovoltaic, Solar planes, Solar-pumped lasers, Solar vehicles.
North America dominated the overall solar panel market and is expected to continue its dominance over the forecast period. This can be attributed to increasing government investment in solar PV capacities. Further, rising environmental concerns among individuals is expected to accelerate the growth of residential solar panel market in North America. Asia Pacific solar panel market is anticipated to witness robust growth during the forecast period. Favorable government policies are anticipated to contribute to the growth of the solar panel market. Apart from this, government incentives to promote solar energy are believed to positively impact the growth of the solar panel in Asia Pacific.
Solar Panel Market
Environmental and Energy Saving Concerns
Rising consumer awareness about the environmental benefits of solar panel is anticipated to positively impact the growth of solar panel market. Further, increasing energy saving concerns among the people is expected to strengthen the growth of solar panel market.
Government Initiatives and Regulation
Government of various nations such as U.S., India and China are increasing the solar energy production capacity which is expected to impel the growth of solar panel market. According to World Energy Council, global solar electricity generation capacity raises to 227 GW­e. Further, this number is expected to increase in the upcoming years owing to the rising investment in solar PV capacities.
However, high dependency on fossil fuels for energy production is likely to dampen the growth of solar panel market during the forecast period.
The report titled “Solar Panel Market: Global Demand Analysis & Opportunity Outlook 2024” delivers detailed overview of the global solar panel market in terms of market segmentation by solar system, by panel, by end-user, by end user and by region.
Request  Table Of Content @ https://www.researchnester.com/request-toc-937
Further, for the in-depth analysis, the report encompasses the industry growth drivers, restraints, supply and demand risk, market attractiveness, BPS analysis and Porter’s five force model.
This report also provides the existing competitive scenario of some of the key players of the global solar panel market which includes company profiling of Trina Solar, Hanwha Q, JA Solar, General Electric, SolarWorld Industries GmbH, Indosolar, SCHNEIDER ELECTRIC, ABB Group, SunPower Corporation and First Solar Inc. The profiling enfolds key information of the companies which encompasses business overview, products and services, key financials and recent news and developments. On the whole, the report depicts detailed overview of the global Solar Panel market that will help industry consultants, panel manufacturers, existing players searching for expansion opportunities, new players searching possibilities and other stakeholders to align their market centric strategies according to the ongoing and expected trends in the future.
About Us:-
Research Nester is a leading service provider for strategic market research and consulting. We aim to provide unbiased, unparalleled market insights and industry analysis to help industries, conglomerates and executives to take wise decisions for their future marketing strategy, expansion and investment etc. We believe every business can expand to its new horizon, provided a right guidance at a right time is available through strategic minds. Our out of box thinking helps our clients to take wise decision so as to avoid future uncertainties.
Contact for more Info:
Ajay Daniel
U.S. Phone: +1 646 586 9123
U.K. Phone: +44 203 608 5919

Comments

Post a Comment

Popular posts from this blog

Increasing Prevalence of Eye Related Disorders to Drive the Growth of Ophthalmology Equipment Market in Future

Image
“ Global Ophthalmology Equipment Market Analysis & Opportunity Outlook 2021 ” The global ophthalmology equipment market is segmented into devices such as contact lens, optical coherence tomography (OCT) scanner, canaloplasty device, glaucoma drainage device, phoropter, retinoscope, viscoelastics devices, opthalmoscopes, tonometers and others. Among these segments, contact lenses segment is expected to occupy top position in overall ophthalmology equipment market during the forecast period.  Factors such as increasing willingness of consumers to spend on eye care, rising disposable income, surging adoption of disposable lenses are some of the major factors fuelling the growth of contact lenses market. Global ophthalmology equipment market is expected to flourish at a significant CAGR of 8.89% during the forecast period. Moreover, the global ophthalmology equipment market is expected to garner USD 29.4 Billion by the end of 2021. Increasing prevalence of eye related disorders s
Read more

The Global Ready to Eat Food Market is Anticipated to Showcase a Tremendous CAGR of 7.3% during the forecast period

Image
The global ready to eat food market is segmented into product type such as meat/poultry products, cereal based products, vegetable based products, and others, out of which meat/poultry products segment captured the biggest market in overall ready to eat food market and is projected to seize a noteworthy CAGR by 2023. Likely, growing inclination of ready to eat food on the back of increasing health and hygiene concerns is expected to flourish the growth of global ready to eat food market. In addition to this, increasing adoption of innovative packaging is also expected to impel the growth of ready to eat food market by 2024. Global ready to eat food market is anticipated to post a notable CAGR of 7.3 % over the forecast period i.e. 2016-2023. Moreover, the global ready to eat food market is projected to account noteworthy revenue of USD 172 Billion by the end of 2023.  Additionally, the market is riding on the back of busy lifestyle of consumers and high personal disposable income.
Read more

Global Smart Home Market To Hit USD 130.1 Billion By The End Of 2024

Image
Smart homes are getting popular among consumers due to its features such as better security and other convenient features. Further, in smart homes, home appliances such as air conditioner, security system, refrigerator and home theater can be controlled by the owner and the person can also give command either by remote or voice. Smart homes are like boon to disable people as it allows the person to control all the activities simply by moving finger or by speaking. Market Size & Forecast Global smart home market is anticipated to flourish at a robust compound annual growth rate (CAGR) of 15.1% over the forecast period 2017-2024 and is expected to reach at a valuation about USD 130.1 Billion by the end of 2024. In terms of region,  Global Smart Home Market  is segmented into five major regions i.e. North America, Europe, Asia Pacific, Latin America and Middle East & Africa region. Among these regions, North America region is dominating the global smart home market. In ter
Read more