Energy & Green Renewable Technology Market News

New report: Solar Energy Markets forecast to 2024

Energy and Power

The report focuses on assessment of solar energy technologies and an analysis of companies/manufacturers and the related system providers. Market dynamics such as drivers, restraints, and opportunities are also discussed in the report. The study forecasts the market value of the solar energy market for key technologies like PV and CSP.

Report is a highly demanded for Solar energy market due to alternate sources of energy. The topics analyzed within the report include a detailed breakdown and analysis of the global markets for solar technologies by geography, technology and application.

Additionally, included are a review of the different technologies from second generation and third generation solar technologies such as Organic Photovoltaics (OPVs)/Plastic Solar Cells and Multi-junction Photovoltaics (MJPVs) and Concentrating Photovoltaics (CPVs) which are currently in commercial use.

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The scope of this report extends to sizing of the solar energy market and an analysis of global market trends with market data for solar installations at global level in 2017, which is being considered as the base year, 2018 as the estimate year and forecast for 2023 with projection of CAGR from 2018 to 2023. Market data provided in volume is cumulative installed capacity.

The report also provides the value in $ millions corresponds to the volume presented in this report.

The growth of the solar energy market is driven by increase in environmental pollution and provision of government incentives & tax rebates to install solar panels. In addition, decrease in water footprint associated with solar energy systems has fueled their demand in power generation sectors.

The demand for solar cells has gained major traction owing to surge in rooftop installations, followed by increase in applications in the architectural sector.

The global solar energy industry is bifurcated into photovoltaic cells and concentrated solar power systems (CSP). Photovoltaic cells are further segmented into inorganic and organic cells, whereas CSP systems is subsegmented into parabolic troughs, solar power towers, and others.

According to solar module, the market is categorized into monocrystalline silicon cells, polycrystalline silicon cells, cadmium telluride silicon cells, amorphous silicon cells, and others.

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Solar panel refers to a panel designed to absorb the sun's rays as a source of energy to generating electricity and heating. It reduces the amount of electricity coming from fossil fuels by supplying your operations with clean, renewable energy from the sun.

Solar panels are also called photovoltaic or PV modules as it directly converts sunlight into electricity.

Report Includes:

- 39 data tables and 38 additional tables

- Industry analysis of the solar energy technologies

- Analyses of global market trends with data from 2017 and 2018, and projections of compound annual growth rates (CAGRs) through 2023

- Detailed study of market driving forces, opportunities, restraints and other critical technological and regulatory updates that influence the current and future market dynamics

- Regional dynamics of the solar energy market covering North America, Europe, APAC and other emerging economies from the rest of the world

These four ST technologies utilize specific designs to concentrate sunlight onto a receiver to raise heat transfer fluids (HTFs) or working fluids to temperatures well more than 212°F and are used primarily at power generation facilities and sparingly within the industrial or utility heating sector. The parabolic trough system is the most used and commercially mature technology.

The others are mostly used for centralized on-grid electricity and distributed generation.

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The solar technologies comprise a broad industry that is characterized by a high level of diversity, creativity and flexibility. The industry operates with a fairly high level of tolerance for experimentation and risk-taking which has, in the long term, resulted in overall growth and wider acceptance of the legitimacy of the industry.

Solar PV electric generation is typically thought of in the context of generating electricity for use in residential, commercial or industrial grid-tied or off-grid applications, and this will continue to remain a major application for alternative solar technologies into the foreseeable future.

Able to provide thermal energy for steam generation and other high-temperature concentrating solar power processes, CSP technologies have benefitted from a substantial increase in public and private sector interest for renewable energy technologies. CSP technologies considered in this report include parabolic trough solar collectors, power tower solar collectors, parabolic dish solar collectors and Fresnel reflector solar collectors.

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