About Solar Power Plants -
A solar power plant converts sunlight into electricity, either directly using photovoltaics (PV) or indirectly using concentrated solar power (CSP). Concentrated solar power systems focus a large area of sunlight into a small beam using lenses, mirrors, and tracking systems. Using the photoelectric effect, photovoltaics converts light into electric current. The solar power plant works by converting sunlight into electricity. As the use of solar energy has grown in recent years. Following the realisation of the importance of solar energy use, the use of these products is increasing day by day. The government is also taking steps to educate the public about solar products by instituting incentive programmes.
Attributes | Details |
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Study Period | 2018-2030 |
Base Year | 2023 |
Unit | Value (USD Million) |
The demand for solar power plant is increasing. Businesses in this sector face global competition from market leaders who control a large share of the market. Companies are differentiating their products from competition by employing environmentally friendly materials and manufacturing techniques. The Leading Players are engaging in strategic global expansion to maintain their Market Position. Players are expected to focus on the creation of new compounds, which would likely drive the worldwide market forward over the forecast period. Analyst at AMA Research estimates that United States Manufacturers will contribute the maximum growth to Global Solar Power Plants - market throughout the forecasted period. Established and emerging Manufacturers should take a closer view at their existing organizations and reinvent traditional business and operating models to adapt to the future.
ENGIE (France), Sharp Corporation (Japan), LERRI Solar Technology Co., Ltd (China), Canadian Solar (Canada), Suzlon Energy LTD (India), JA Solar Holdings (China), Tata Power (India), Adani Solar (India), SunPower (United States) and First Solar (United States) are some of the key players that are part of study coverage. Additionally, the Manufacturers which are also part of the research coverage are Neo Solar Power (Taiwan), Centrosolar Inc. (Germany) and Esolar (United States).
Segmentation Overview
AMA Research has segmented the market of Global Solar Power Plants - market by Type (On-Grid Solar System, Off-Grid Solar System and Hybrid Solar System), Application (Commercial, Residential and Industrial) and Region.
On the basis of geography, the market of Solar Power Plants - has been segmented into South America (Brazil, Argentina, Rest of South America), Asia Pacific (China, Japan, India, South Korea, Australia, Rest of Asia-Pacific), Europe (Germany, France, Italy, United Kingdom, Netherlands, Rest of Europe), MEA (Middle East, Africa), North America (United States, Canada, Mexico).
Influencing Trend:
Rapid Development of Photovoltaic-Based Power Distribution Systems
Market Growth Drivers:
Increased Demand for Ground-Mounted Systems and Rising Demand across Public and Private Sector for Green Electricity
Challenges:
Lack of Financial Infrastructure in Developing Economies and Lack of Awareness Regarding the Benefits of Renewable Energy
Restraints:
High Manufacturing and Maintenance Costs
Opportunities:
Growing Green Gas Emission and Environment Concerns and Increasing Government Initiatives to Support Renewable Energy Sources
Key Target Audience
Venture and Capitalist, New entrants/investors, Analysts and Strategic Business Partners, Industrial, Commercial and End-use industries
About Approach
To evaluate and validate the market size various sources including primary and secondary analysis is utilized. AMA Research follows regulatory standards such as NAICS/SIC/ICB/TRCB, to have a better understanding of the market. The market study is conducted on basis of more than 200 companies dealing in the market regional as well as global areas with the purpose to understand the companies positioning regarding the market value, volume, and their market share for regional as well as global.
Further to bring relevance specific to any niche market we set and apply a number of criteria like Geographic Footprints, Regional Segments of Revenue, Operational Centres, etc. The next step is to finalize a team (In-House + Data Agencies) who then starts collecting C & D level executives and profiles, Industry experts, Opinion leaders, etc., and work towards appointment generation.
The primary research is performed by taking the interviews of executives of various companies dealing in the market as well as using the survey reports, research institute, and latest research reports. Meanwhile, the analyst team keeps preparing a set of questionnaires, and after getting the appointee list; the target audience is then tapped and segregated with various mediums and channels that are feasible for making connections that including email communication, telephonic, skype, LinkedIn Group & InMail, Community Forums, Community Forums, open Survey, SurveyMonkey, etc.