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Global Solar Power Market Size, Share, Trends, Growth: By Technology: Solar Photovoltaic, Concentrated Solar Power; By Application: Residential, Non-Residential, Utility; Regional Analysis; Market Dynamics: SWOT Analysis, Porter’s Five Forces Analysis; Competitive Landscape; Key Trends and Developments in the Market; 2024-2032
Solar Power Market Analysis
Based on technology, the market can be bifurcated into solar photovoltaic and concentrated solar power. Solar photovoltaic is further divided by type into mono-Si, thin film, and multi-Si, among others. Concentrated solar power is further classified by type into parabolic trough, power tower, and linear Fresnel. On the basis of application, the solar power market is segmented into residential, non-residential, and utility. Based on region, the market is segmented into North America, Europe, Asia Pacific, Latin America, and Middle East and Africa.
The comprehensive EMR report provides an in-depth assessment of the market based on the Porter's five forces model along with giving a SWOT analysis. The report gives a detailed analysis of the following key players in the global solar power market covering their competitive landscape and latest developments like mergers, acquisitions, investments, and expansion plans.
- Waaree Energies Ltd.
- BrightSource Energy, Inc.
- SunPower Corporation
- Enkay Solar Power and Infrastructure Pvt. Ltd.
- Tata Power Solar Systems Limited
- 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.
1 Preface
2 Report Coverage – Key Segmentation and Scope
3 Report Description
3.1 Market Definition and Outlook
3.2 Properties and Applications
3.3 Market Analysis
3.4 Key Players
4 Key Assumptions
5 Executive Summary
5.1 Overview
5.2 Key Drivers
5.3 Key Developments
5.4 Competitive Structure
5.5 Key Industrial Trends
6 Market Snapshot
6.1 Global
6.2 Regional
7 Opportunities and Challenges in the Market
8 Global Solar Power Market Analysis
8.1 Key Industry Highlights
8.2 Global Solar Power Historical Market (2018-2023)
8.3 Global Solar Power Market Forecast (2024-2032)
8.4 Global Solar Power Market by Technology
8.4.1 Solar Photovoltaic
8.4.1.1 Market Share
8.4.1.2 Historical Trend (2018-2023)
8.4.1.3 Forecast Trend (2024-2032)
8.4.1.4 Breakup by Type
8.4.1.4.1 Mono-Si
8.4.1.4.2 Thin Film
8.4.1.4.3 Multi-Si
8.4.1.4.4 Others
8.4.2 Concentrated Solar Power
8.4.2.1 Market Share
8.4.2.2 Historical Trend (2018-2023)
8.4.2.3 Forecast Trend (2024-2032)
8.4.2.4 Breakup by Type
8.4.2.4.1 Parabolic Trough
8.4.2.4.2 Power Tower
8.4.2.4.3 Linear Fresnel
8.5 Global Solar Power Market by Application
8.5.1 Residential
8.5.1.1 Market Share
8.5.1.2 Historical Trend (2018-2023)
8.5.1.3 Forecast Trend (2024-2032)
8.5.2 Non-Residential
8.5.2.1 Market Share
8.5.2.2 Historical Trend (2018-2023)
8.5.2.3 Forecast Trend (2024-2032)
8.5.3 Utility
8.5.3.1 Market Share
8.5.3.2 Historical Trend (2018-2023)
8.5.3.3 Forecast Trend (2024-2032)
8.6 Global Solar Power Market by Region
8.6.1 North America
8.6.1.1 Market Share
8.6.1.2 Historical Trend (2018-2023)
8.6.1.3 Forecast Trend (2024-2032)
8.6.2 Europe
8.6.2.1 Market Share
8.6.2.2 Historical Trend (2018-2023)
8.6.2.3 Forecast Trend (2024-2032)
8.6.3 Asia Pacific
8.6.3.1 Market Share
8.6.3.2 Historical Trend (2018-2023)
8.6.3.3 Forecast Trend (2024-2032)
8.6.4 Latin America
8.6.4.1 Market Share
8.6.4.2 Historical Trend (2018-2023)
8.6.4.3 Forecast Trend (2024-2032)
8.6.5 Middle East and Africa
8.6.5.1 Market Share
8.6.5.2 Historical Trend (2018-2023)
8.6.5.3 Forecast Trend (2024-2032)
9 North America Solar Power Market Analysis
9.1 United States of America
9.1.1 Market Share
9.1.2 Historical Trend (2018-2023)
9.1.3 Forecast Trend (2024-2032)
9.2 Canada
9.2.1 Market Share
9.2.2 Historical Trend (2018-2023)
9.2.3 Forecast Trend (2024-2032)
10 Europe Solar Power Market Analysis
10.1 United Kingdom
10.1.1 Market Share
10.1.2 Historical Trend (2018-2023)
10.1.3 Forecast Trend (2024-2032)
10.2 Germany
10.2.1 Market Share
10.2.2 Historical Trend (2018-2023)
10.2.3 Forecast Trend (2024-2032)
10.3 France
10.3.1 Market Share
10.3.2 Historical Trend (2018-2023)
10.3.3 Forecast Trend (2024-2032)
10.4 Italy
10.4.1 Market Share
10.4.2 Historical Trend (2018-2023)
10.4.3 Forecast Trend (2024-2032)
10.5 Others
11 Asia Pacific Solar Power Market Analysis
11.1 China
11.1.1 Market Share
11.1.2 Historical Trend (2018-2023)
11.1.3 Forecast Trend (2024-2032)
11.2 Japan
11.2.1 Market Share
11.2.2 Historical Trend (2018-2023)
11.2.3 Forecast Trend (2024-2032)
11.3 India
11.3.1 Market Share
11.3.2 Historical Trend (2018-2023)
11.3.3 Forecast Trend (2024-2032)
11.4 ASEAN
11.4.1 Market Share
11.4.2 Historical Trend (2018-2023)
11.4.3 Forecast Trend (2024-2032)
11.5 Australia
11.5.1 Market Share
11.5.2 Historical Trend (2018-2023)
11.5.3 Forecast Trend (2024-2032)
11.6 Others
12 Latin America Solar Power Market Analysis
12.1 Brazil
12.1.1 Market Share
12.1.2 Historical Trend (2018-2023)
12.1.3 Forecast Trend (2024-2032)
12.2 Argentina
12.2.1 Market Share
12.2.2 Historical Trend (2018-2023)
12.2.3 Forecast Trend (2024-2032)
12.3 Mexico
12.3.1 Market Share
12.3.2 Historical Trend (2018-2023)
12.3.3 Forecast Trend (2024-2032)
12.4 Others
13 Middle East and Africa Solar Power Market Analysis
13.1 Saudi Arabia
13.1.1 Market Share
13.1.2 Historical Trend (2018-2023)
13.1.3 Forecast Trend (2024-2032)
13.2 United Arab Emirates
13.2.1 Market Share
13.2.2 Historical Trend (2018-2023)
13.2.3 Forecast Trend (2024-2032)
13.3 Nigeria
13.3.1 Market Share
13.3.2 Historical Trend (2018-2023)
13.3.3 Forecast Trend (2024-2032)
13.4 South Africa
13.4.1 Market Share
13.4.2 Historical Trend (2018-2023)
13.4.3 Forecast Trend (2024-2032)
13.5 Others
14 Market Dynamics
14.1 SWOT Analysis
14.1.1 Strengths
14.1.2 Weaknesses
14.1.3 Opportunities
14.1.4 Threats
14.2 Porter’s Five Forces Analysis
14.2.1 Supplier’s Power
14.2.2 Buyer’s Power
14.2.3 Threat of New Entrants
14.2.4 Degree of Rivalry
14.2.5 Threat of Substitutes
14.3 Key Indicators for Demand
14.4 Key Indicators for Price
15 Competitive Landscape
15.1 Market Structure
15.2 Company Profiles
15.2.1 Waaree Energies Ltd.
15.2.1.1 Company Overview
15.2.1.2 Product Portfolio
15.2.1.3 Demographic Reach and Achievements
15.2.1.4 Certifications
15.2.2 BrightSource Energy, Inc.
15.2.2.1 Company Overview
15.2.2.2 Product Portfolio
15.2.2.3 Demographic Reach and Achievements
15.2.2.4 Certifications
15.2.3 SunPower Corporation
15.2.3.1 Company Overview
15.2.3.2 Product Portfolio
15.2.3.3 Demographic Reach and Achievements
15.2.3.4 Certifications
15.2.4 Enkay Solar Power and Infrastructure Pvt. Ltd.
15.2.4.1 Company Overview
15.2.4.2 Product Portfolio
15.2.4.3 Demographic Reach and Achievements
15.2.4.4 Certifications
15.2.5 Tata Power Solar Systems Limited
15.2.5.1 Company Overview
15.2.5.2 Product Portfolio
15.2.5.3 Demographic Reach and Achievements
15.2.5.4 Certifications
15.2.6 Others
16 Key Trends and Developments in the Market
List of Key Figures and Tables
1. Global Solar Power Market: Key Industry Highlights, 2018 and 2032
2. Global Solar Power Historical Market: Breakup by Technology (USD Million), 2018-2023
3. Global Solar Power Market Forecast: Breakup by Technology (USD Million), 2024-2032
4. Global Solar Power Historical Market: Breakup by Application (USD Million), 2018-2023
5. Global Solar Power Market Forecast: Breakup by Application (USD Million), 2024-2032
6. Global Solar Power Historical Market: Breakup by Region (USD Million), 2018-2023
7. Global Solar Power Market Forecast: Breakup by Region (USD Million), 2024-2032
8. North America Solar Power Historical Market: Breakup by Country (USD Million), 2018-2023
9. North America Solar Power Market Forecast: Breakup by Country (USD Million), 2024-2032
10. Europe Solar Power Historical Market: Breakup by Country (USD Million), 2018-2023
11. Europe Solar Power Market Forecast: Breakup by Country (USD Million), 2024-2032
12. Asia Pacific Solar Power Historical Market: Breakup by Country (USD Million), 2018-2023
13. Asia Pacific Solar Power Market Forecast: Breakup by Country (USD Million), 2024-2032
14. Latin America Solar Power Historical Market: Breakup by Country (USD Million), 2018-2023
15. Latin America Solar Power Market Forecast: Breakup by Country (USD Million), 2024-2032
16. Middle East and Africa Solar Power Historical Market: Breakup by Country (USD Million), 2018-2023
17. Middle East and Africa Solar Power Market Forecast: Breakup by Country (USD Million), 2024-2032
18. Global Solar Power Market Structure
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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