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Global Solar Electric System Market: By Technology Type: Crystalline Silicon, Thin Films; By Installation Type: Ground Mounted, Rooftop; By Application: Residential, Commercial, Industrial; Regional Analysis; Historical Market and Forecast (2018-2028); Market Dynamics: SWOT Analysis; Competitive Landscape; Industry Events and Developments

Global Solar Electric System Market Outlook

The global solar electric system market is expected to grow in the forecast period of 2023-2028 at a CAGR of 20.90%.

 

Increasing Focus on Renewable Energy Sources to Boost the Market Growth of Solar Electric System

The growth in the global market for solar electric systems can be ascribed to the factors like growing world populations and the subsequent demand for electricity in various commercial and residential settings on account of rapid urbanisation and industrialisation. As solar energy is considered the cleanest form of energy, electricity produced from solar power is boosting the market growth of solar electric systems.

 

Global Solar Electric System Market

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In addition to this, the rising awareness regarding depleting non-renewable resources, efforts to reduce carbon emissions, and the focus on sustainable living, the rising adoption of solar panels in residential, commercial, and industrial settings is pushing the market growth of solar electric systems. Hence, the growing popularity of solar energy as an efficient renewable source is catalysing the market growth of solar electric system.

 

Solar Electric System: Market Segmentation

A solar electric system is referred to as a setup that generates electricity by utilising solar energy. A typical solar electric system comprises crystalline silicon and thin films technology, and can either be ground mounted or installed on the rooftops.

Based on technology type, the market can be categorised into:

  • Crystalline Silicon
  • Thin Films

On the basis of installation type, the market can be segmented into:

  • Ground Mounted
  • Rooftop

The market, based on application, can be divided into:

  • Residential
  • Commercial
  • Industrial

The EMR report looks into the regional markets of solar electric system like North America, Europe, the Asia Pacific, Latin America, and the Middle East and Africa.

 

Favourable Government Policies are Providing Impetus to the Market Growth of Solar Electric Systems

The global market for solar electric systems is being driven by favourable government policies promoting the adoption of solar electric systems. The rising concerns regarding environmental degradation, depleting fossil fuels, and the need to adopt green energy are some of the factors providing impetus to the market growth of solar electric systems. In addition to this, favourable government policies, such as the provision of subsidies to promote the adoption of solar power in old and new constructions, is propelling the growth of the market. Furthermore, owing to rising awareness regarding the importance of clean energy, many new residential, commercial, and industrial constructions have witnessed a robust adoption of solar electric systems, which offers economies of scale, thereby augmenting the market growth. Hence, these are some of the factors bolstering the market growth of solar electric systems.

 

Key Industry Players in the Global Solar Electric System Market

The report presents a detailed analysis of the following key players in the global solar electric system market, looking into their capacity, market shares, and latest developments like capacity expansions, plant turnarounds, and mergers and acquisitions:

  • JinkoSolar Holding Co., Ltd
  • Canadian Solar Inc, S.A.
  • LONGi Solar Technology Co, Ltd 
  • SunPower Corporation
  • Trina Solar Co., Ltd.
  • Others

The comprehensive report looks into the macro and micro aspects of the industry. The EMR report gives an in-depth insight into the market by providing a SWOT analysis as well as an analysis of Porter’s Five Forces model.

 

REPORT FEATURES DETAILS
Base Year 2022
Historical Period 2018-2022
Forecast Period 2023-2028
Scope of the Report Historical and Forecast Trends, Industry Drivers and Constraints, Historical and Forecast Market Analysis by Segment- Technology Type, Installation Type, Application, Region
Breakup by Technology Type Crystalline Silicon, Thin Films
Breakup by Installation Type Ground Mounted, Rooftop
Breakup by Application Residential, Commercial, Industrial
Breakup by Region North America, Europe, Asia Pacific, Latin America, Middle East and Africa
Market Dynamics SWOT, Porter's Five Forces, Key Indicators for Price and Demand
Competitive Landscape Market Structure, Company Profiles- Company Overview, Product Portfolio, Demographic Reach and Achievements, Certifications
Companies Covered JinkoSolar Holding Co., Ltd, Canadian Solar Inc, S.A., LONGi Solar Technology Co, Ltd, SunPower Corporation, Trina Solar Co., Ltd., Others
Report Price and Purchase Option Explore our purchase options that are best suited to your resources and industry needs.
Delivery Format Delivered as an attached PDF and Excel through email, with an option of receiving an editable PPT, according to the purchase option.

 

*At Expert Market Research, we strive to always give you current and accurate information. The numbers depicted in the description are indicative and may differ from the actual numbers in the final EMR report.

1    Preface
2    Report Coverage – Key Segmentation and Scope
3    Report Description

    3.1    Market Definition and Outlook
    3.2    Properties and Applications
    3.3    Market Analysis
    3.4    Key Players
4    Key Assumptions
5    Executive Summary

    5.1    Overview
    5.2    Key Drivers
    5.3    Key Developments
    5.4    Competitive Structure
    5.5    Key Industrial Trends
6    Snapshot
    6.1    Global
    6.2    Regional
7    Opportunities and Challenges in the Market
8    Global Solar Electric System Market Analysis

    8.1    Key Industry Highlights
    8.2    Global Solar Electric System Historical Market (2018-2022) 
    8.3    Global Solar Electric System Market Forecast (2023-2028)
    8.4    Global Solar Electric System Market by Technology Type
        8.4.1    Crystalline Silicon
            8.4.1.1    Market Share
            8.4.1.2    Historical Trend (2018-2022)
            8.4.1.3    Forecast Trend (2023-2028)
        8.4.2    Thin Films
            8.4.2.1    Market Share
            8.4.2.2    Historical Trend (2018-2022)
            8.4.2.3    Forecast Trend (2023-2028)
    8.5    Global Solar Electric System Market by Installation Type
        8.5.1    Ground Mounted
            8.5.1.1    Market Share
            8.5.1.2    Historical Trend (2018-2022)
            8.5.1.3    Forecast Trend (2023-2028)
        8.5.2    Rooftop
            8.5.2.1    Market Share
            8.5.2.2    Historical Trend (2018-2022)
            8.5.2.3    Forecast Trend (2023-2028)
    8.6    Global Solar Electric System Market by Application
        8.6.1    Residential
            8.6.1.1    Market Share
            8.6.1.2    Historical Trend (2018-2022)
            8.6.1.3    Forecast Trend (2023-2028)
        8.6.2    Commercial
            8.6.2.1    Market Share
            8.6.2.2    Historical Trend (2018-2022)
            8.6.2.3    Forecast Trend (2023-2028)
        8.6.3    Industrial
            8.6.3.1    Market Share
            8.6.3.2    Historical Trend (2018-2022)
            8.6.3.3    Forecast Trend (2023-2028)
    8.7    Global Solar Electric System Market by Region       
        8.7.1    North America
            8.7.1.1    Market Share
            8.7.1.2    Historical Trend (2018-2022) 
            8.7.1.3    Forecast Trend (2023-2028)
        8.7.2    Europe
            8.7.2.1    Market Share
            8.7.2.2    Historical Trend (2018-2022) 
            8.7.2.3    Forecast Trend (2023-2028)
        8.7.3    Asia Pacific
            8.7.3.1    Market Share
            8.7.3.2    Historical Trend (2018-2022) 
            8.7.3.3    Forecast Trend (2023-2028)
        8.7.4    Latin America
            8.7.4.1    Market Share
            8.7.4.2    Historical Trend (2018-2022) 
            8.7.4.3    Forecast Trend (2023-2028)
        8.7.5    Middle East and Africa
            8.7.5.1    Market Share
            8.7.5.2    Historical Trend (2018-2022) 
            8.7.5.3    Forecast Trend (2023-2028)
9    North America Solar Electric System Market Analysis
    9.1    United States of America 
        9.1.1    Market Share
        9.1.2    Historical Trend (2018-2022) 
        9.1.3    Forecast Trend (2023-2028)
    9.2    Canada
        9.2.1    Market Share
        9.2.2    Historical Trend (2018-2022) 
        9.2.3    Forecast Trend (2023-2028)
10    Europe Solar Electric  System Market Analysis
    10.1    United Kingdom
        10.1.1    Market Share
        10.1.2    Historical Trend (2018-2022) 
        10.1.3    Forecast Trend (2023-2028)
    10.2    Germany
        10.2.1    Market Share
        10.2.2    Historical Trend (2018-2022) 
        10.2.3    Forecast Trend (2023-2028)
    10.3    France
        10.3.1    Market Share
        10.3.2    Historical Trend (2018-2022) 
        10.3.3    Forecast Trend (2023-2028)
    10.4    Italy
        10.4.1    Market Share
        10.4.2    Historical Trend (2018-2022) 
        10.4.3    Forecast Trend (2023-2028)
    10.5    Others
11    Asia Pacific Solar Electric System Market Analysis
    11.1    China
        11.1.1    Market Share
        11.1.2    Historical Trend (2018-2022) 
        11.1.3    Forecast Trend (2023-2028)
    11.2    Japan
        11.2.1    Market Share
        11.2.2    Historical Trend (2018-2022) 
        11.2.3    Forecast Trend (2023-2028)
    11.3    India
        11.3.1    Market Share
        11.3.2    Historical Trend (2018-2022) 
        11.3.3    Forecast Trend (2023-2028)
    11.4    ASEAN
        11.4.1    Market Share
        11.4.2    Historical Trend (2018-2022) 
        11.4.3    Forecast Trend (2023-2028)
    11.5    Australia
        11.5.1    Market Share
        11.5.2    Historical Trend (2018-2022) 
        11.5.3    Forecast Trend (2023-2028)
    11.6    Others
12    Latin America Solar Electric System Market Analysis
    12.1    Brazil
        12.1.1    Market Share
        12.1.2    Historical Trend (2018-2022) 
        12.1.3    Forecast Trend (2023-2028)
    12.2    Argentina
        12.2.1    Market Share
        12.2.2    Historical Trend (2018-2022) 
        12.2.3    Forecast Trend (2023-2028)
    12.3    Mexico
        12.3.1    Market Share
        12.3.2    Historical Trend (2018-2022) 
        12.3.3    Forecast Trend (2023-2028)
    12.4    Others
13    Middle East and Africa Solar Electric System Market Analysis
    13.1    Saudi Arabia
        13.1.1    Market Share
        13.1.2    Historical Trend (2018-2022) 
        13.1.3    Forecast Trend (2023-2028)
    13.2    United Arab Emirates
        13.2.1    Market Share
        13.2.2    Historical Trend (2018-2022) 
        13.2.3    Forecast Trend (2023-2028)
    13.3    Nigeria
        13.3.1    Market Share
        13.3.2    Historical Trend (2018-2022) 
        13.3.3    Forecast Trend (2023-2028)
    13.4    South Africa
        13.4.1    Market Share
        13.4.2    Historical Trend (2018-2022) 
        13.4.3    Forecast Trend (2023-2028)
    13.5    Others
14    Market Dynamics
    14.1    SWOT Analysis
        14.1.1    Strengths
        14.1.2    Weaknesses
        14.1.3    Opportunities
        14.1.4    Threats
    14.2    Porter’s Five Forces Analysis
        14.2.1    Supplier’s Power
        14.2.2    Buyer’s Power
        14.2.3    Threat of New Entrants
        14.2.4    Degree of Rivalry
        14.2.5    Threat of Substitutes
    14.3    Key Indicators for Demand
    14.4    Key Indicators for Price
15    Value Chain Analysis
16    Manufacturing Processing

    16.1    Overview
    16.2    Detailed Process Flow
    16.3    Operations Involved
17    Competitive Landscape
    17.1    Market Structure
    17.2    Company Profiles
        17.2.1    JinkoSolar Holding Co., Ltd
            17.2.1.1    Company Overview
            17.2.1.2    Product Portfolio
            17.2.1.3    Demographic Reach and Achievements
            17.2.1.4    Certifications
        17.2.2    Canadian Solar Inc, S.A.
            17.2.2.1    Company Overview
            17.2.2.2    Product Portfolio
            17.2.2.3    Demographic Reach and Achievements
            17.2.2.4    Certifications
        17.2.3    LONGi Solar Technology Co, Ltd 
            17.2.3.1    Company Overview
            17.2.3.2    Product Portfolio
            17.2.3.3    Demographic Reach and Achievements
            17.2.3.4    Certifications
        17.2.4    SunPower Corporation
            17.2.4.1    Company Overview
            17.2.4.2    Product Portfolio
            17.2.4.3    Demographic Reach and Achievements
            17.2.4.4    Certifications
        17.2.5    Trina Solar Co., Ltd.
            17.2.5.1    Company Overview
            17.2.5.2    Product Portfolio
            17.2.5.3    Demographic Reach and Achievements
            17.2.5.4    Certifications
        17.2.6    Others
18    Key Trends and Developments in the Market

 

List of Key Figures and Tables

1.    Global Solar Electric System Market: Key Industry Highlights, 2018 and 2028
2.    Global Solar Electric System Historical Market: Breakup by Technology (USD Million), 2018-2022
3.    Global Solar Electric System Market Forecast: Breakup by Technology (USD Million), 2023-2028
4.    Global Solar Electric System Historical Market: Breakup by Installation Type (USD Million), 2018-2022
5.    Global Solar Electric System Market Forecast: Breakup by Installation Type (USD Million), 2023-2028
6.    Global Solar Electric System Historical Market: Breakup by Application (USD Million), 2018-2022
7.    Global Solar Electric System Market Forecast: Breakup by Application (USD Million), 2023-2028
8.    Global Solar Electric System Historical Market: Breakup by Region (USD Million), 2018-2022
9.    Global Solar Electric System Market Forecast: Breakup by Region (USD Million), 2023-2028
10.    North America Solar Electric System Historical Market: Breakup by Country (USD Billion), 2018-2022
11.    North America Solar Electric System Market Forecast: Breakup by Country (USD Billion), 2023-2028
12.    Europe Solar Electric System Historical Market: Breakup by Country (USD Billion), 2018-2022
13.    Europe Solar Electric System Market Forecast: Breakup by Country (USD Billion), 2023-2028
14.    Asia Pacific Solar Electric System Historical Market: Breakup by Country (USD Billion), 2018-2022
15.    Asia Pacific Solar Electric System Market Forecast: Breakup by Country (USD Billion), 2023-2028
16.    Latin America Solar Electric System Historical Market: Breakup by Country (USD Billion), 2018-2022
17.    Latin America Solar Electric System Market Forecast: Breakup by Country (USD Billion), 2023-2028
18.    Middle East and Africa Solar Electric System Historical Market: Breakup by Country (USD Billion), 2018-2022
19.    Middle East and Africa Solar Electric System Market Forecast: Breakup by Country (USD Billion), 2023-2028
20.    Global Solar Inverter Market Structure

Key Questions Answered in the Report

The global solar electric system market is projected to grow at a CAGR of 20.90% between 2023 and 2028.

The market is being driven by the rising environmental concerns and the subsequent adoption of green energy sources to meet the growing electricity demands.

The market growth can be associated with favourable government measures like provision of subsidies for the installation of solar electric systems in residential, industrial, and commercial settings.

The major regions in the industry are North America, Latin America, the Middle East and Africa, Europe, and the Asia Pacific.

The different types of technology of solar electric systems are crystalline silicon and thin films.

The various installation types of solar electric systems are ground mounted and rooftop.

The significant applications of solar electric system include residential, commercial, and industrial.

The major players in the industry are JinkoSolar Holding Co., Ltd, Canadian Solar Inc, S.A., LONGi Solar Technology Co, Ltd, SunPower Corporation, and Trina Solar Co., Ltd., among others.

Analyst Review

The global solar electric system market is driven by the surging demand for clean energy sources. Aided by favourable government policies, the market is expected to witness a further growth in the forecast period of 2023-2028, growing at a CAGR of 20.90%.

EMR’s meticulous research methodology delves deep into the market, covering the macro and micro aspects of the industry. On the basis of technology type, the market can be segmented into crystalline silicon and thin films. Based on installation type, the market can be classified into ground mounted and rooftop. The market, based on application, can be divided into residential, commercial, and industrial. The major regional markets for solar electric system are North America, Europe, the Asia Pacific, Latin America, and the Middle East and Africa. The key players in the above market include JinkoSolar Holding Co., Ltd, Canadian Solar Inc, S.A., LONGi Solar Technology Co, Ltd, SunPower Corporation, and Trina Solar Co., Ltd., among others.

EMR’s research methodology uses a combination of cutting-edge analytical tools and the expertise of their highly accomplished team, thus, providing their customers with market insights that are accurate, actionable, and help them remain ahead of their competition.

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