Solar farms are large-scale solar installations that harvest the sun's power using photovoltaic (PV) panels, often known as solar panels, or alternative methods of collecting solar energy, such as concentrating solar systems. Solar farms are also known as solar power stations and solar parks. They function as power plants, exactly like a natural gas power plant or other kinds of energy generation have done for the past century, generating electricity for consumers. Factors such as development of remote regions is creating profitable opportunities for the solar farm market in the forecast period.
MARKET DYNAMICS
The Favorable government regulations for utilization of photovoltaic technology and rise in demand for renewable energy are driving the growth of the solar farm market. Expensive installation may restrain the growth of the solar farm market. Furthermore growing energy consumption is anticipated to create market opportunities for the solar farm market during the forecast period.
MARKET SCOPE
The "Global Solar Farm Market Analysis to 2028" is a specialized and in-depth study of the solar farm market with a special focus on the global market trend analysis. The report aims to provide an overview of solar farm market with detailed market segmentation by type, end user, and geography. The global solar farm market is expected to witness high growth during the forecast period. The report provides key statistics on the market status of the leading solar farm market players and offers key trends and opportunities in the solar farm market.
MARKET SEGMENTATION
The global solar farm market is segmented on the basis of by type and end user. On the basis of type the market is segmented into surface suction, utility-scale, distributed generation, microgrids, and others. Based on end user the market is segmented into residential, commercial, and industrial.
REGIONAL FRAMEWORK
The report provides a detailed overview of the industry including both qualitative and quantitative information. It provides overview and forecast of the global solar farm market based on various segments. It also provides market size and forecast estimates from year 2019 to 2028 with respect to five major regions, namely; North America, Europe, Asia-Pacific (APAC), Middle East and Africa (MEA) and South America. The solar farm market by each region is later sub-segmented by respective countries and segments. The report covers analysis and forecast of 18 countries globally along with current trend and opportunities prevailing in the region.
The report analyzes factors affecting solar farm market from both demand and supply side and further evaluates market dynamics effecting the market during the forecast period i.e., drivers, restraints, opportunities, and future trend. The report also provides exhaustive PEST analysis for all five regions namely; North America, Europe, APAC, MEA and South America after evaluating political, economic, social and technological factors effecting the solar farm market in these regions.
IMPACT OF COVID-19 HYDRAULIC TURBINE MARKET
The outbreak of COVID-19 has disrupted the global solar industry by halting the operations. At present, the solar industry imports nearly 80% of its major solar panel materials from China. The pandemic has affected the manufacturing capacities of China, as all fundamental ship container organizations had additionally stopped functioning out of Chinese ports and transporting items from China to other countries, including of India. Thus, owing to economic uncertainties, some of the solar farm projects were either canceled or postponed. However, after the mid-2021, the relaxation in lockdown and international transportation, the industry is recovering and is expected to grow in the forecast period.
MARKET PLAYERS
The reports cover key developments in the solar farm market as organic and inorganic growth strategies. Various companies are focusing on organic growth strategies such as product launches, product approvals and others such as patents and events. Inorganic growth strategies activities witnessed in the market were acquisitions, and partnership & collaborations. These activities have paved way for expansion of business and customer base of market players. The market players from solar farm market are anticipated to lucrative growth opportunities in the future with the rising demand for solar farm market. Below mentioned is the list of few companies engaged in the solar farm market.
The report also includes the profiles of key solar farm market companies along with their SWOT analysis and market strategies. In addition, the report focuses on leading industry players with information such as company profiles, components and services offered, financial information of last 3 years, key development in past five years.
- Trina Solar
- Shenzhen Topray Solar Co., Ltd.
- TATA Power Solar Systems Ltd.
- Sharp Corporation
- Enphase Energy, Inc.
- BrightSource Energy, Inc.
- First Solar, Inc.
- Green Stream Holdings Inc.
- ReneSola Ltd
- JA Solar Holdings Co. Ltd.