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Report Overview
2023
Base Year
2018-2023
Historical Year
2024-2032
Forecast Year
Competitive Landscape
Waaree Energies Ltd. was established in 1989 and is headquartered in Maharashtra, India. It is a renewable energy semiconductor manufacturing company that deals with the production and supply of solar PV modules and provides consumers all around the globe with solar energy solutions such as solar inverters, energy storage solutions, and lithium-ion batteries, among others.
BrightSource Energy Inc. founded in 2004 is headquartered in California, United States. It is a solar power corporation that is involved in the designing, building, financing, and operations of utility scale power plants. They are working on advancing solar technologies further in order to create cleaner energy for future generations.
SunPower Corporation is a solar energy company that manufactures and markets battery energy storage products and photovoltaic solar energy generation systems. Founded in 1985 and based in California in the United States, SunPower Corporation offers their products to residential customers and believe that backup storage and clean energy should be accessible for every consumer.
Other market players include Enkay Solar Power and Infrastructure Pvt. Ltd., and Tata Power Solar Systems Limited, among others.
Solar Power 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
The global market size for solar power reached a value of USD 232.48 billion in 2023.
The market is expected to grow at a CAGR of 7.1% between 2024 and 2032.
The global market size for solar power is expected to reach a value of USD 431.02 billion by 2032.
The major market drivers are growing demands for renewable energy sources, improvements in solar power technology, population growth, and usage of solar power in mainstream utility applications.
The key trends of the market are increasing demand for electricity owing to economic development, growing investments in solar power infrastructure, and supportive initiatives by various governments.
Key players in the global solar power market include Waaree Energies Ltd., BrightSource Energy, Inc., SunPower Corporation, Enkay Solar Power and Infrastructure Pvt. Ltd., and Tata Power Solar Systems Limited, among others.
Solar power is a form of energy obtained from sun by converting the solar energy into power using direct or indirect methods.
The primary technologies for solar power in the market are solar photovoltaic and concentrated solar power.
The different types of solar photovoltaic technology are mono-Si, thin film, and multi-Si, among others.
The various applications of solar power include residential, non-residential, and utility.
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