The global solar electric system market is expected to grow at a CAGR of around 8.5% during the forecast period, from 2021 to 2030. The market is driven by factors such as increasing demand for renewable energy sources and government initiatives for promoting renewable energy sources. The residential use segment accounted for the largest share in the global solar electric system market in 2017, followed by industrial use and commercial use segments. Asia Pacific was the leading region in terms of revenue contribution in 2017, followed by North America and Europe. 5a) Solar power is becoming increasingly popular with businesses because they can use it as a way to reduce their carbon footprint while also saving money on electricity costs over time by generating their own power rather than purchasing it from a utility company at retail rates; 5b) In addition, many companies are installing solar panels on rooftops or other property they own so they can sell excess electricity back into the grid at times when there is high demand but low supply (known as "peak shaving"), which helps them earn additional revenue while also helping utilities avoid having to purchase expensive backup generators during these periods; 5c) This trend has been especially pronounced among large corporations like Walmart and Apple because they have lots of rooftops or other property where they could install solar panels without taking up too much space or impacting operations at these facilities; 5d) For example, Walmart installed enough rooftop solar systems across its US-based stores in 2016 alone that collectively generated around 40 MWs worth of electricity - enough energy output to provide 10% of all store needs nationwide - and Apple announced plans last year to build two new 20-megawatt data centers near Reno, Nevada that will be powered entirely by renewable sources including wind turbines and photovoltaic arrays (solar).
Some Of The Growth Factors Of This Market:
- The cost of solar panels has decreased significantly in recent years, making them more affordable for homeowners.
- Solar power is a renewable energy source that does not produce any greenhouse gas emissions, which makes it an attractive option for many people who are concerned about the environment and climate change.
- The federal government offers tax credits to homeowners who install solar panels on their homes, which can help offset the initial cost of installation and make it more affordable for some people to invest in this technology.
- Many states have adopted policies that require utilities to generate a certain percentage of their electricity from renewable sources like solar power, which has helped increase demand for this type of energy production and led to increased investment in the industry as well as job growth within the sector over time.
Industry Growth Insights published a new data on “Solar Electric System Market”. The research report is titled “Solar Electric System Market research by Types (Traditional Solar Power Generation Systems, New Solar Power Generation Systems, Solar Electric Syste), By Applications (Residential Use, Industrial Use, Commercial Use), By Players/Companies Engie, Exelon, Dominion Energy, Innogy, Tata Power, Greenko Group, Solar Electric Syste”.
Scope Of The Report
Report Attributes
Report Details
Report Title
Solar Electric System Market Research Report
By Type
Traditional Solar Power Generation Systems, New Solar Power Generation Systems, Solar Electric Syste
By Application
Residential Use, Industrial Use, Commercial Use
By Companies
Engie, Exelon, Dominion Energy, Innogy, Tata Power, Greenko Group, Solar Electric Syste
Regions Covered
North America, Europe, APAC, Latin America, MEA
Base Year
2021
Historical Year
2019 to 2020 (Data from 2010 can be provided as per availability)
Forecast Year
2030
Number of Pages
238
Number of Tables & Figures
167
Customization Available
Yes, the report can be customized as per your need.
Global Solar Electric System Market Report Segments:
The global Solar Electric System market is segmented on the basis of:
Types
Traditional Solar Power Generation Systems, New Solar Power Generation Systems, Solar Electric Syste
The product segment provides information about the market share of each product and the respective CAGR during the forecast period. It lays out information about the product pricing parameters, trends, and profits that provides in-depth insights of the market. Furthermore, it discusses latest product developments & innovation in the market.
Applications
Residential Use, Industrial Use, Commercial Use
The application segment fragments various applications of the product and provides information on the market share and growth rate of each application segment. It discusses the potential future applications of the products and driving and restraining factors of each application segment.
Some of the companies that are profiled in this report are:
- Engie
- Exelon
- Dominion Energy
- Innogy
- Tata Power
- Greenko Group
- Solar Electric Syste
Highlights of The Solar Electric System Market Report:
- The market structure and projections for the coming years.
- Drivers, restraints, opportunities, and current trends of market.
- Historical data and forecast.
- Estimations for the forecast period 2030.
- Developments and trends in the market.
- By Type:
- Traditional Solar Power Generation Systems
- New Solar Power Generation Systems
- Solar Electric Syste
- By Application:
- Residential Use
- Industrial Use
- Commercial Use
- Market scenario by region, sub-region, and country.
- Market share of the market players, company profiles, product specifications, SWOT analysis, and competitive landscape.
- Analysis regarding upstream raw materials, downstream demand, and current market dynamics.
- Government Policies, Macro & Micro economic factors are also included in the report.
We have studied the Solar Electric System Market in 360 degrees via. both primary & secondary research methodologies. This helped us in building an understanding of the current market dynamics, supply-demand gap, pricing trends, product preferences, consumer patterns & so on. The findings were further validated through primary research with industry experts & opinion leaders across countries. The data is further compiled & validated through various market estimation & data validation methodologies. Further, we also have our in-house data forecasting model to predict market growth up to 2030.
Regional Analysis
- North America
- Europe
- Asia Pacific
- Middle East & Africa
- Latin America
Note: A country of choice can be added in the report at no extra cost. If more than one country needs to be added, the research quote will vary accordingly.
The geographical analysis part of the report provides information about the product sales in terms of volume and revenue in regions. It lays out potential opportunities for the new entrants, emerging players, and major players in the region. The regional analysis is done after considering the socio-economic factors and government regulations of the countries in the regions.
How you may use our products:
- Correctly Positioning New Products
- Market Entry Strategies
- Business Expansion Strategies
- Consumer Insights
- Understanding Competition Scenario
- Product & Brand Management
- Channel & Customer Management
- Identifying Appropriate Advertising Appeals
8 Reasons to Buy This Report
- Includes a Chapter on the Impact of COVID-19 Pandemic On the Market
- Report Prepared After Conducting Interviews with Industry Experts & Top Designates of the Companies in the Market
- Implemented Robust Methodology to Prepare the Report
- Includes Graphs, Statistics, Flowcharts, and Infographics to Save Time
- Industry Growth Insights Provides 24/5 Assistance Regarding the Doubts in the Report
- Provides Information About the Top-winning Strategies Implemented by Industry Players.
- In-depth Insights On the Market Drivers, Restraints, Opportunities, and Threats
- Customization of the Report Available
Frequently Asked Questions?
A solar electric system (SES) is a collection of components that use the power of the sun to generate electricity. Solar panels, inverters, and batteries are all used together to create an SES. When sunlight hits these components, it turns into electrical energy. This energy can then be used to power things like lights and appliances in your home or office.
Some of the major players in the solar electric system market are Engie, Exelon, Dominion Energy, Innogy, Tata Power, Greenko Group, Solar Electric Syste.
The solar electric system market is expected to grow at a compound annual growth rate of 8.5%.
1. Executive Summary
2. Assumptions and Acronyms Used
3. Research Methodology
4. Solar Electric System Market Overview
4.1. Introduction
4.1.1. Market Taxonomy
4.1.2. Market Definition
4.2. Macro-Economic Factors
4.2.1. Industry Outlook
4.3. Solar Electric System Market Dynamics
4.3.1. Market Drivers
4.3.2. Market Restraints
4.3.3. Opportunity
4.3.4. Market Trends
4.4. Solar Electric System Market - Supply Chain
4.5. Global Solar Electric System Market Forecast
4.5.1. Solar Electric System Market Size (US$ Mn) and Y-o-Y Growth
4.5.2. Solar Electric System Market Size (000 Units) and Y-o-Y Growth
4.5.3. Solar Electric System Market Absolute $ Opportunity
5. Global Solar Electric System Market Analysis and Forecast by Type
5.1. Market Trends
5.2. Introduction
5.2.1. Basis Point Share (BPS) Analysis by Type
5.2.2. Y-o-Y Growth Projections by Type
5.3. Solar Electric System Market Size and Volume Forecast by Type
5.3.1. Traditional Solar Power Generation Systems
5.3.2. New Solar Power Generation Systems
5.3.3. Solar Electric Syste
5.4. Absolute $ Opportunity Assessment by Type
5.5. Market Attractiveness/Growth Potential Analysis by Type
6. Global Solar Electric System Market Analysis and Forecast by Application
6.1. Market Trends
6.2. Introduction
6.2.1. Basis Point Share (BPS) Analysis by Application
6.2.2. Y-o-Y Growth Projections by Application
6.3. Solar Electric System Market Size and Volume Forecast by Application
6.3.1. Residential Use
6.3.2. Industrial Use
6.3.3. Commercial Use
6.4. Absolute $ Opportunity Assessment by Application
6.5. Market Attractiveness/Growth Potential Analysis by Application
7. Global Solar Electric System Market Analysis and Forecast by Sales Channel
7.1. Market Trends
7.2. Introduction
7.2.1. Basis Point Share (BPS) Analysis by Sales Channel
7.2.2. Y-o-Y Growth Projections by Sales Channel
7.3. Solar Electric System Market Size and Volume Forecast by Sales Channel
7.3.1. Manufacturer/Distributor/Service Provider
7.3.2. Aftermarket
7.4. Absolute $ Opportunity Assessment by Sales Channel
7.5. Market Attractiveness/Growth Potential Analysis by Sales Channel
8. Global Solar Electric System Market Analysis and Forecast by Region
8.1. Market Trends
8.2. Introduction
8.2.1. Basis Point Share (BPS) Analysis by Region
8.2.2. Y-o-Y Growth Projections by Region
8.3. Solar Electric System Market Size and Volume Forecast by Region
8.3.1. North America
8.3.2. Latin America
8.3.3. Europe
8.3.4. Asia Pacific
8.3.5. Middle East and Africa (MEA)
8.4. Absolute $ Opportunity Assessment by Region
8.5. Market Attractiveness/Growth Potential Analysis by Region
8.6. Global Solar Electric System Demand Share Forecast, 2019-2026
9. North America Solar Electric System Market Analysis and Forecast
9.1. Introduction
9.1.1. Basis Point Share (BPS) Analysis by Country
9.1.2. Y-o-Y Growth Projections by Country
9.2. North America Solar Electric System Market Size and Volume Forecast by Country
9.2.1. U.S.
9.2.2. Canada
9.3. Absolute $ Opportunity Assessment by Country
9.4. North America Solar Electric System Market Size and Volume Forecast by Application
9.4.1. Residential Use
9.4.2. Industrial Use
9.4.3. Commercial Use
9.5. Basis Point Share (BPS) Analysis by Application
9.6. Y-o-Y Growth Projections by Application
9.7. North America Solar Electric System Market Size and Volume Forecast by Type
9.7.1. Traditional Solar Power Generation Systems
9.7.2. New Solar Power Generation Systems
9.7.3. Solar Electric Syste
9.8. Basis Point Share (BPS) Analysis by Type
9.9. Y-o-Y Growth Projections by Type
9.10. Market Attractiveness/Growth Potential Analysis
9.10.1. By Country
9.10.2. By Product Type
9.10.3. By Application
9.10.4. By Sales Channel
9.11. North America Solar Electric System Demand Share Forecast, 2019-2026
10. Latin America Solar Electric System Market Analysis and Forecast
10.1. Introduction
10.1.1. Basis Point Share (BPS) Analysis by Country
10.1.2. Y-o-Y Growth Projections by Country
10.1.3. Latin America Average Pricing Analysis
10.2. Latin America Solar Electric System Market Size and Volume Forecast by Country
10.2.1. Brazil
10.2.2. Mexico
10.2.3. Rest of Latin America
10.3. Absolute $ Opportunity Assessment by Country
10.4. Latin America Solar Electric System Market Size and Volume Forecast by Application
10.4.1. Residential Use
10.4.2. Industrial Use
10.4.3. Commercial Use
10.5. Basis Point Share (BPS) Analysis by Application
10.6. Y-o-Y Growth Projections by Application
10.7. Latin America Solar Electric System Market Size and Volume Forecast by Type
10.7.1. Traditional Solar Power Generation Systems
10.7.2. New Solar Power Generation Systems
10.7.3. Solar Electric Syste
10.8. Basis Point Share (BPS) Analysis by Type
10.9. Y-o-Y Growth Projections by Type
10.10. Market Attractiveness/Growth Potential Analysis
10.10.1. By Country
10.10.2. By Product Type
10.10.3. By Application
10.10.4. By Sales Channel
10.11. Latin America Solar Electric System Demand Share Forecast, 2019-2026
11. Europe Solar Electric System Market Analysis and Forecast
11.1. Introduction
11.1.1. Basis Point Share (BPS) Analysis by Country
11.1.2. Y-o-Y Growth Projections by Country
11.1.3. Europe Average Pricing Analysis
11.2. Europe Solar Electric System Market Size and Volume Forecast by Country
11.2.1. Germany
11.2.2. France
11.2.3. Italy
11.2.4. U.K.
11.2.5. Spain
11.2.6. Russia
11.2.7. Rest of Europe
11.3. Absolute $ Opportunity Assessment by Country
11.4. Europe Solar Electric System Market Size and Volume Forecast by Application
11.4.1. Residential Use
11.4.2. Industrial Use
11.4.3. Commercial Use
11.5. Basis Point Share (BPS) Analysis by Application
11.6. Y-o-Y Growth Projections by Application
11.7. Europe Solar Electric System Market Size and Volume Forecast by Type
11.7.1. Traditional Solar Power Generation Systems
11.7.2. New Solar Power Generation Systems
11.7.3. Solar Electric Sste
11.8. Basis Point Share (BPS) Analysis by Type
11.9. Y-o-Y Growth Projections by Type
11.10. Market Attractiveness/Growth Potential Analysis
11.10.1. By Country
11.10.2. By Product Type
11.10.3. By Application
11.10.4. By Sales Channel
11.11. Europe Solar Electric System Demand Share, 2019-2026
12. Asia Pacific Solar Electric System Market Analysis and Forecast
12.1. Introduction
12.1.1. Basis Point Share (BPS) Analysis by Country
12.1.2. Y-o-Y Growth Projections by Country
12.1.3. Asia Pacific Average Pricing Analysis
12.2. Asia Pacific Solar Electric System Market Size and Volume Forecast by Country
12.2.1. China
12.2.2. Japan
12.2.3. South Korea
12.2.4. India
12.2.5. Australia
12.2.6. Rest of Asia Pacific (APAC)
12.3. Absolute $ Opportunity Assessment by Country
12.4. Asia Pacific Solar Electric System Market Size and Volume Forecast by Application
12.4.1. Residential Use
12.4.2. Industrial Use
12.4.3. Commercial Use
12.5. Basis Point Share (BPS) Analysis by Application
12.6. Y-o-Y Growth Projections by Application
12.7. Asia Pacific Solar Electric System Market Size and Volume Forecast by Type
12.7.1. Traditional Solar Power Generation Systems
12.7.2. New Solar Power Generation Systems
12.7.3. Solar Electric Syste
12.8. Basis Point Share (BPS) Analysis by Type
12.9. Y-o-Y Growth Projections by Type
12.10. Market Attractiveness/Growth Potential Analysis
12.10.1. By Country
12.10.2. By Product Type
12.10.3. By Application
12.10.4. By Sales Channel
12.11. Asia Pacific Solar Electric System Demand Share, 2019-2026
13. Middle East & Africa Solar Electric System Market Analysis and Forecast
13.1. Introduction
13.1.1. Basis Point Share (BPS) Analysis by Country
13.1.2. Y-o-Y Growth Projections by Country
13.1.3. Asia Pacific Average Pricing Analysis
13.2. Middle East & Africa Solar Electric System Market Size and Volume Forecast by Country
13.2.1. Saudi Arabia
13.2.2. South Africa
13.2.3. UAE
13.2.4. Rest of Middle East & Africa (MEA)
13.3. Absolute $ Opportunity Assessment by Country
13.4. Middle East & Africa Solar Electric System Market Size and Volume Forecast by Application
13.4.1. Residential Use
13.4.2. Industrial Use
13.4.3. Commercial Use
13.5. Basis Point Share (BPS) Analysis by Application
13.6. Y-o-Y Growth Projections by Application
13.7. Middle East & Africa Solar Electric System Market Size and Volume Forecast by Type
13.7.1. Traditional Solar Power Generation Systems
13.7.2. New Solar Power Generation Systems
13.7.3. Solar Electric Syste
13.8. Basis Point Share (BPS) Analysis by Type
13.9. Y-o-Y Growth Projections by Type
13.10. Market Attractiveness/Growth Potential Analysis
13.10.1. By Country
13.10.2. By Product Type
13.10.3. By Application
13.10.4. By Sales Channel
13.11. Middle East & Africa Solar Electric System Demand Share, 2019-2026
14. Competition Landscape
14.1. Global Solar Electric System Market: Market Share Analysis
14.2. Solar Electric System Distributors and Customers
14.3. Solar Electric System Market: Competitive Dashboard
14.4. Company Profiles (Details Overview, Financials, Developments, Strategy)
14.4.1. Engie
14.4.1.1. Overview
14.4.1.2. Financials
14.4.1.3. Developments
14.4.1.4. Strategic Outlook
14.4.2. Exelon
14.4.2.1. Overview
14.4.2.2. Financials
14.4.2.3. Developments
14.4.2.4. Strategic Outlook
14.4.3. Dominion Energy
14.4.3.1. Overview
14.4.3.2. Financials
14.4.3.3. Developments
14.4.3.4. Strategic Outlook
14.4.4. Innogy
14.4.4.1. Overview
14.4.4.2. Financials
14.4.4.3. Developments
14.4.4.4. Strategic Outlook
14.4.5. Tata Power
14.4.5.1. Overview
14.4.5.2. Financials
14.4.5.3. Developments
14.4.5.4. Strategic Outlook
14.4.6. Greenko Group
14.4.6.1. Overview
14.4.6.2. Financials
14.4.6.3. Developments
14.4.6.4. Strategic Outlook
14.4.7. Solar Electric Syste
14.4.7.1. Overview
14.4.7.2. Financials
14.4.7.3. Developments
14.4.7.4. Strategic Outlook
14.4.8. COMPANY8
14.4.8.1. Overview
14.4.8.2. Financials
14.4.8.3. Developments
14.4.8.4. Strategic Outlook
14.4.9. COMPANY9
14.4.9.1. Overview
14.4.9.2. Financials
14.4.9.3. Developments
14.4.9.4. Strategic Outlook
14.4.10. COMPANY 10
14.4.10.1. Overview
14.4.10.2. Financials
14.4.10.3. Developments
14.4.10.4. Strategic Outlook
14.4.11. COMPANY 11
14.4.11.1. Overview
14.4.11.2. Financials
14.4.11.3. Developments
14.4.11.4. Strategic Outlook
14.4.12. COMPANY 12
14.4.12.1. Overview
14.4.12.2. Financials
14.4.12.3. Developments
14.4.12.4. Strategic Outlook
14.4.13. COMPANY 13
14.4.13.1. Overview
14.4.13.2. Financials
14.4.13.3. Developments
14.4.13.4. Strategic Outlook
14.4.14. COMPANY 14
14.4.14.1. Overview
14.4.14.2. Financials
14.4.14.3. Developments
14.4.14.4. Strategic Outlook
14.4.15. COMPANY 15
14.4.15.1. Overview
14.4.15.2. Financials
14.4.15.3. Developments
14.4.15.4. Strategic Outlook
14.4.16. COMPANY 16
14.4.16.1. Overview
14.4.16.2. Financials
14.4.16.3. Developments
14.4.16.4. Strategic Outlook
14.4.17. COMPANY 17
14.4.17.1. Overview
14.4.17.2. Financials
14.4.17.3. Developments
14.4.17.4. Strategic Outlook
14.4.18. COMPANY 18
14.4.18.1. Overview
14.4.18.2. Financials
14.4.18.3. Developments
14.4.18.4. Strategic Outlook
14.4.19. COMPANY 19
14.4.19.1. Overview
14.4.19.2. Financials
14.4.19.3. Developments
14.4.19.4. Strategic Outlook
14.4.20. COMPANY 20
14.4.20.1. Overview
14.4.20.2. Financials
14.4.20.3. Developments
14.4.20.4. Strategic Outlook