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Report Overview
2023
Base Year
2018-2023
Historical Year
2024-2032
Forecast Year
Competitive Landscape
The market players are increasing their collaboration and research and development activities to gain a competitive edge in the market.
Adani Green Energy Limited, one of the leading providers of renewable energy, is a subsidiary of the Adani Group. Established in 2015, with its headquarters situated in Ahmedabad, India, the company has grown to become a prominent player in the renewable energy industry. AGEL is dedicated to the creation, management, and upkeep of renewable energy projects both domestically and internationally.
Acciona SA is a conglomerate based in Spain that specializes in renewable energy and sustainable infrastructure. The business is international in scope and works in a number of industries, such as services, infrastructure, energy, and water. It also emphasizes the planning, building, and management of renewable energy initiatives.
Canadian Solar Inc. is a well-known worldwide participant in the solar energy industry with its headquarters located in Canada. Well-known for being one of the top producers of solar photovoltaic (PV) modules, the business is also a major supplier of complete solar energy solutions. Since its founding in 2001, the business has focused heavily on sustainability in all aspects of its operations.
SunPower Corporation is an American company that was established in 1985 and is based in California. It offers solar technology and energy services. The business produces, develops, and sells batteries, micro inverters, and AC panels, among other things.
Other market players include JA Solar Technology Co., Ltd., Sunrun Inc., Kaneka Corporation, Tata Power Solar Systems Ltd., Suntech Power Holdings Co., Ltd., and JinkoSolar Holding Co., Ltd, among others.
Solar Energy Market Report Snapshots
*While we strive to always give you current and accurate information, the numbers depicted on the website are indicative and may differ from the actual numbers in the main report. At Expert Market Research, we aim to bring you the latest insights and trends in the market. Using our analyses and forecasts, stakeholders can understand the market dynamics, navigate challenges, and capitalize on opportunities to make data-driven strategic decisions.*
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Key Questions Answered in the Report
In 2023, the market reached approximately 205.13 GW.
The market is projected to grow at a CAGR of 7.7% between 2024 and 2032.
The market is estimated to witness healthy growth in the forecast period of 2024-2032 to reach around 400.22 GW by 2032.
The major market drivers include the continuous decrease in the cost of solar power and technological advancements aimed at improving the energy generation efficiency of solar panels.
The major trends propelling the market development include rising environmental concerns and the implementation of favourable government policies promoting the utilisation of solar energy.
The major regional market for solar energy includes North America, Europe, the Asia Pacific, Latin America, and the Middle East and Africa.
The major solar modules covered in the market report include monocrystalline, polycrystalline, and thin-film solar modules, among others.
The key players in the global solar energy market are Adani Green Energy Limited, Acciona SA, Canadian Solar Inc., JA Solar Technology Co., Ltd., Sunrun Inc., SunPower Corporation, Kaneka Corporation, Tata Power Solar Systems Ltd., Suntech Power Holdings Co., Ltd., and JinkoSolar Holding Co., Ltd, among others.
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