Global Solar Electric Power Generation Market is Estimated to Reach $435 Billion by 2025, Says Accurize Market Research
Global Solar Electric Power Generation Market report published by Accurize Market Research forecast that the global market is expected to reach $435 billion by 2025; growing at a CAGR of 24.3% from 2017 to 2025. By geography, Asia Pacific and North America are expected to grow at a CAGR of XX% and XX%, respectively, during the forecast period.
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Rising demand for energy along with growing part of renewables in power generationacross the globe to drive the growth of the market
Rising demand for energy along with growing part of renewables in power generationfuelsthe demand for the global solar electric power generation market.Furthermore,government support and supervision for solar energy projects in several countriesalso boosts the growth of the market.
Market Segmentation
The global solar electric power generation market has been bifurcated on the basis of technology, solar module, application, generation and geography. By technology, the segmentation is given asphotovoltaic cells, inorganic, organic, concentrated solar power systems, parabolic troughs, solar tower and others.By solar module, the segmentation is given as mono-crystalline silicon cells, polycrystalline silicon cells, cadmium telluride, amorphous silicon cells and others. Further, agriculture & horticulture, architecture, transportation and others are covered under application segment. Furthermore, first generation, second generation and third generation are covered under application segment.
By geography the market is segmented into North America, Europe, Asia-Pacific and Rest of the World (RoW).
Top players in the market
The key market players include Dominion Energy, Inc., Enel Spa, EngieSa, Exelon Corp., State Power Investment Corp. Ltd., E.On, Innogy Se, Global Infrastructure Partners, Equis Energy, and Ptt Public Company Ltd., among others.
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