Market Overview:
The global solar power generation systems market is expected to grow at a CAGR of XX% during the forecast period from 2018 to 2030. The growth in this market can be attributed to the increasing demand for electricity and the growing awareness about renewable energy sources. The global solar power generation systems market can be segmented on the basis of type, application, and region. On the basis of type, the market can be divided into centralized PV power plants and decentralized PV power plants. Centralized PV power plants are those where all or most of the solar modules are installed at a single site. Decentralized PV power plants are those where modules are installed across multiple sites. On the basis of application, commercial use accounted for majority share in 2017 and is expected to maintain its dominance during forecast period as well due to increase in number of commercial establishments worldwide coupled with rising electricity prices which is resulting in increased adoption rates for rooftop installations globally .
Product Definition:
Solar power generation systems are devices that use sunlight to produce electricity. They can be used to provide power for homes, businesses, or other applications. Solar energy is an important source of renewable energy and is becoming increasingly popular due to its environmental benefits and cost-effectiveness.
Centralized PV Power Plant:
Centralized PV power plants are a new-age technology that uses the sun's energy to generate electricity in an efficient and cost-effective manner. The centralized plant is located at a fixed location where the land availability is less constraint and there is ample space for installation of equipment. In addition, it does not require any transmission infrastructure as all power generated can be delivered directly to the consumer or grid locations.
Decentralized PV Power Plant:
A decentralized PV power plant is a system which generates electricity from photovoltaic modules. It is an off-grid energy generation system and can be used in residential, commercial or industrial applications. The main aim of this type of power plant is to provide clean electricity with less environmental impact. Decentralized PV power plants are also referred to as distributed solar plants since they use the sun's energy without using any fuel source other than the sun itself.
Application Insights:
The utility application segment accounted for the largest revenue share of over 50% in 2017. The utility companies are increasingly using solar power generation systems at their offices, hospitals, hotels and restaurants to offset electricity costs. Increasing number of commercial establishments have started installing these systems due to rising concerns about high electricity costs and sustainability.
The commercial use segment is expected to witness significant growth over the forecast period owing to increasing government initiatives such as Feed-in Tariffs (FiT) in various countries across the world that encourage consumers to invest in self-generation projects. For instance, Germany¢â‚¬â„¢s feed-in tariff scheme was implemented with an objective of promoting renewable energy sources including wind and solar power while simultaneously reducing carbon dioxide emissions from coal plants.
Regional Analysis:
Asia Pacific regional market accounted for the largest share of global revenue in 2017. The region is expected to maintain its dominance over the forecast period owing to increasing adoption of solar power generation systems across countries such as China, Japan, and India. In addition, favorable government policies and rising investments by companies in this region are anticipated to drive demand for these systems over the next eight years.
The European regional market accounted for a significant share in global revenue due to growing awareness regarding environmental protection coupled with support from governments towards implementation of renewable energy projects across countries such as Germany and Italy. Moreover, technological advancements related to solar thermal power plants are further expected fuel demand within Europe during the forecast period.
North America is projected to witness steady growth over an eight-year period owing onshore wind farms development along with other factors including changes in regulatory policies by U S Federal Energy Regulatory Commission (FERC).
Growth Factors:
- Increasing demand for electricity due to population growth and industrialization in developing countries
- Government policies and regulations supporting solar power generation
- Reduction in the cost of solar photovoltaic (PV) systems
- Rising awareness about the benefits of solar power among consumers and businesses
- Technological advancements that make solar PV systems more efficient and affordable
Scope Of The Report
Report Attributes
Report Details
Report Title
Solar Power Generation Systems Market Research Report
By Type
Centralized PV Power Plant, Decentralized PV Power Plant
By Application
Commercial Use, Utility, Industrial Use
By Companies
Schneider, Hitachi, Chint Group, Sunrun, Vivint Solar, NRG Home Solar, Verengo Solar, SolarCity, Sungevity, SunPower, RGS Energy
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
232
Number of Tables & Figures
163
Customization Available
Yes, the report can be customized as per your need.
Global Solar Power Generation Systems Market Report Segments:
The global Solar Power Generation Systems market is segmented on the basis of:
Types
Centralized PV Power Plant, Decentralized PV Power Plant
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
Commercial Use, Utility, Industrial 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:
- Schneider
- Hitachi
- Chint Group
- Sunrun
- Vivint Solar
- NRG Home Solar
- Verengo Solar
- SolarCity
- Sungevity
- SunPower
- RGS Energy
Highlights of The Solar Power Generation Systems 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:
- Centralized PV Power Plant
- Decentralized PV Power Plant
- By Application:
- Commercial Use
- Utility
- Industrial 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 Power Generation Systems 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?
Solar power generation systems are a type of renewable energy system that converts the sun's energy into electrical power. Solar panels, which are typically made from silicon or other materials, capture sunlight and turn it into electricity. This electricity can then be used to run devices in a solar powered system or it can be stored in batteries to be used later when the sun isn't shining.
Some of the key players operating in the solar power generation systems market are Schneider, Hitachi, Chint Group, Sunrun, Vivint Solar, NRG Home Solar, Verengo Solar, SolarCity, Sungevity, SunPower, RGS Energy.
1. Executive Summary
2. Assumptions and Acronyms Used
3. Research Methodology
4. Solar Power Generation Systems 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 Power Generation Systems Market Dynamics
4.3.1. Market Drivers
4.3.2. Market Restraints
4.3.3. Opportunity
4.3.4. Market Trends
4.4. Solar Power Generation Systems Market - Supply Chain
4.5. Global Solar Power Generation Systems Market Forecast
4.5.1. Solar Power Generation Systems Market Size (US$ Mn) and Y-o-Y Growth
4.5.2. Solar Power Generation Systems Market Size (000 Units) and Y-o-Y Growth
4.5.3. Solar Power Generation Systems Market Absolute $ Opportunity
5. Global Solar Power Generation Systems 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 Power Generation Systems Market Size and Volume Forecast by Type
5.3.1. Centralized PV Power Plant
5.3.2. Decentralized PV Power Plant
5.4. Absolute $ Opportunity Assessment by Type
5.5. Market Attractiveness/Growth Potential Analysis by Type
6. Global Solar Power Generation Systems 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 Power Generation Systems Market Size and Volume Forecast by Application
6.3.1. Commercial Use
6.3.2. Utility
6.3.3. Industrial Use
6.4. Absolute $ Opportunity Assessment by Application
6.5. Market Attractiveness/Growth Potential Analysis by Application
7. Global Solar Power Generation Systems 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 Power Generation Systems 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 Power Generation Systems 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 Power Generation Systems 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 Power Generation Systems Demand Share Forecast, 2019-2026
9. North America Solar Power Generation Systems 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 Power Generation Systems 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 Power Generation Systems Market Size and Volume Forecast by Application
9.4.1. Commercial Use
9.4.2. Utility
9.4.3. Industrial Use
9.5. Basis Point Share (BPS) Analysis by Application
9.6. Y-o-Y Growth Projections by Application
9.7. North America Solar Power Generation Systems Market Size and Volume Forecast by Type
9.7.1. Centralized PV Power Plant
9.7.2. Decentralized PV Power Plant
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 Power Generation Systems Demand Share Forecast, 2019-2026
10. Latin America Solar Power Generation Systems 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 Power Generation Systems 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 Power Generation Systems Market Size and Volume Forecast by Application
10.4.1. Commercial Use
10.4.2. Utility
10.4.3. Industrial Use
10.5. Basis Point Share (BPS) Analysis by Application
10.6. Y-o-Y Growth Projections by Application
10.7. Latin America Solar Power Generation Systems Market Size and Volume Forecast by Type
10.7.1. Centralized PV Power Plant
10.7.2. Decentralized PV Power Plant
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 Power Generation Systems Demand Share Forecast, 2019-2026
11. Europe Solar Power Generation Systems 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 Power Generation Systems 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 Power Generation Systems Market Size and Volume Forecast by Application
11.4.1. Commercial Use
11.4.2. Utility
11.4.3. Industrial Use
11.5. Basis Point Share (BPS) Analysis by Application
11.6. Y-o-Y Growth Projections by Application
11.7. Europe Solar Power Generation Systems Market Size and Volume Forecast by Type
11.7.1. Centralized PV Power Plant
11.7.2. Decentralized PV Power Plant
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 Power Generation Systems Demand Share, 2019-2026
12. Asia Pacific Solar Power Generation Systems 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 Power Generation Systems 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 Power Generation Systems Market Size and Volume Forecast by Application
12.4.1. Commercial Use
12.4.2. Utility
12.4.3. Industrial Use
12.5. Basis Point Share (BPS) Analysis by Application
12.6. Y-o-Y Growth Projections by Application
12.7. Asia Pacific Solar Power Generation Systems Market Size and Volume Forecast by Type
12.7.1. Centralized PV Power Plant
12.7.2. Decentralized PV Power Plant
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 Power Generation Systems Demand Share, 2019-2026
13. Middle East & Africa Solar Power Generation Systems 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 Power Generation Systems 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 Power Generation Systems Market Size and Volume Forecast by Application
13.4.1. Commercial Use
13.4.2. Utility
13.4.3. Industrial 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 Power Generation Systems Market Size and Volume Forecast by Type
13.7.1. Centralized PV Power Plant
13.7.2. Decentralized PV Power Plant
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 Power Generation Systems Demand Share, 2019-2026
14. Competition Landscape
14.1. Global Solar Power Generation Systems Market: Market Share Analysis
14.2. Solar Power Generation Systems Distributors and Customers
14.3. Solar Power Generation Systems Market: Competitive Dashboard
14.4. Company Profiles (Details Overview, Financials, Developments, Strategy)
14.4.1. Schneider
14.4.1.1. Overview
14.4.1.2. Financials
14.4.1.3. Developments
14.4.1.4. Strategic Outlook
14.4.2. Hitachi
14.4.2.1. Overview
14.4.2.2. Financials
14.4.2.3. Developments
14.4.2.4. Strategic Outlook
14.4.3. Chint Group
14.4.3.1. Overview
14.4.3.2. Financials
14.4.3.3. Developments
14.4.3.4. Strategic Outlook
14.4.4. Sunrun
14.4.4.1. Overview
14.4.4.2. Financials
14.4.4.3. Developments
14.4.4.4. Strategic Outlook
14.4.5. Vivint Solar
14.4.5.1. Overview
14.4.5.2. Financials
14.4.5.3. Developments
14.4.5.4. Strategic Outlook
14.4.6. NRG Home Solar
14.4.6.1. Overview
14.4.6.2. Financials
14.4.6.3. Developments
14.4.6.4. Strategic Outlook
14.4.7. Verengo Solar
14.4.7.1. Overview
14.4.7.2. Financials
14.4.7.3. Developments
14.4.7.4. Strategic Outlook
14.4.8. SolarCity
14.4.8.1. Overview
14.4.8.2. Financials
14.4.8.3. Developments
14.4.8.4. Strategic Outlook
14.4.9. Sungevity
14.4.9.1. Overview
14.4.9.2. Financials
14.4.9.3. Developments
14.4.9.4. Strategic Outlook
14.4.10. SunPower
14.4.10.1. Overview
14.4.10.2. Financials
14.4.10.3. Developments
14.4.10.4. Strategic Outlook
14.4.11. RGS Energy
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
