MarkNtel Advisors analyses the growth rate of the Solar Farm market in the forecast period from 2023 to 2028. In addition to comprehensive market insights such as market value, growth rate, market segmentation, key market players, and market dynamic. This detailed analysis aims to provide valuable information for stakeholders in the Solar Farm market, helping them make informed decisions.
Market Outlook – 2023-2028:
The Global Solar Farm Market is expected to grow at a CAGR of around 18.50% during the forecast period, i.e., 2023-28. The growth of the market is projected to be driven mainly by the gradually reducing costs of PV (Photovoltaic) panels and the rising availability of numerous solar farm producers, who are investing massively in the industry for eco-friendly energy generation and reducing pollution levels caused by fossil fuels.
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Key Company Profiles
This report explores recent significant developments in the Solar Farm Market, focusing on the leading companies and their innovative profiles. The major players in the Solar Farm Market, featured in this report, include:
- Brightsource Energy, Inc
- First Solar, Inc.
- Himin Solar Energy Group
- Ja Solar Holdings Co. Ltd.
- Sharp Corporation
- Shenzhen Topray Solar Co., Ltd.
- Tata Power Solar Systems Ltd.
- Trina Solar
- Wuxi Suntech Power Co., Ltd.
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Market Segmentation & Coverage
This research report by MarkNtel Advisors categorizes the Solar Farm Market to forecast revenues and analyse trends across each of the following sub-markets:
- By Type
- Utility-Scale
- Distributed Generation
- Micro-Grids
- Others
Of them all, Utility-Scale Solar Farms significantly contributed to the market growth in recent years and are anticipated to lead the market during 2022-27.
- By End Users
- Residential
- Commercial
- Industrial
- By Region
- North America
- South America
- Europe
- Middle East & Africa
- Asia Pacific
Key Driver: Surging Adoption of Renewable Energy Sources Worldwide to Achieve Net-Zero Targets
Various countries worldwide are gradually transiting to clean energy generation in order to mitigate the rapid climate change and reduce the rising levels of carbon emissions. They are actively installing renewable energy sources, like solar farms, which act as an economical source of everyday power, i.e., stimulating the demand for PV panels.
Moreover, the rapidly rising population levels in emerging nations are directly impacting energy consumption & generation, which is why energy generation through renewable sources seems the best possible alternative to conventional power sources. Hence, in view of these trends, coupled with the shift from fossil fuels to low or zero-carbon technologies, and the surging fuel prices, are projected to drive the Solar Farm Market Globally during 2023-28.
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Key Questions Addressed:
- Market Size and Growth Projections: What is the current size of the market, and how is it expected to grow?
- Investment Opportunities: Which products, segments, and regions present the most attractive investment opportunities?
- Technology Trends and Regulatory Influences: What are the prevailing technology trends and regulatory factors influencing the market?
- Competitive Ranking: How do top vendors rank regarding market share and competitive positioning?
- Revenue Sources and Strategic Opportunities: What revenue sources and strategic opportunities guide vendors’ market entry or exit decisions?
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