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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 (2017-2027); 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 2022-2027 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.
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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: Industry Definition and 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 | 2021 |
| Historical Period | 2017-2021 |
| Forecast Period | 2022-2027 |
| 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, EMR’s 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. |
*We at Expert Market Research always thrive to give you the latest information. The numbers in the article are only indicative and may be different from the actual 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 Industry Opportunities and Challenges
8 Global Solar Electric System Market Analysis
8.1 Key Industry Highlights
8.2 Global Solar Electric System Historical Market (2017-2021)
8.3 Global Solar Electric System Market Forecast (2022-2027)
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 (2017-2021)
8.4.1.3 Forecast Trend (2022-2027)
8.4.2 Thin Films
8.4.2.1 Market Share
8.4.2.2 Historical Trend (2017-2021)
8.4.2.3 Forecast Trend (2022-2027)
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 (2017-2021)
8.5.1.3 Forecast Trend (2022-2027)
8.5.2 Rooftop
8.5.2.1 Market Share
8.5.2.2 Historical Trend (2017-2021)
8.5.2.3 Forecast Trend (2022-2027)
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 (2017-2021)
8.6.1.3 Forecast Trend (2022-2027)
8.6.2 Commercial
8.6.2.1 Market Share
8.6.2.2 Historical Trend (2017-2021)
8.6.2.3 Forecast Trend (2022-2027)
8.6.3 Industrial
8.6.3.1 Market Share
8.6.3.2 Historical Trend (2017-2021)
8.6.3.3 Forecast Trend (2022-2027)
8.7 Global Solar Electric System Market by Region
8.7.1 Market Share
8.7.1.1 North America
8.7.1.2 Europe
8.7.1.3 Asia Pacific
8.7.1.4 Latin America
8.7.1.5 Middle East and Africa
9 Regional Analysis
9.1 North America
9.1.1 Historical Trend (2017-2021)
9.1.2 Forecast Trend (2022-2027)
9.1.3 Breakup by Country
9.1.3.1 United States of America
9.1.3.2 Canada
9.2 Europe
9.2.1 Historical Trend (2017-2021)
9.2.2 Forecast Trend (2022-2027)
9.2.3 Breakup by Country
9.2.3.1 United Kingdom
9.2.3.2 Germany
9.2.3.3 France
9.2.3.4 Italy
9.2.3.5 Others
9.3 Asia Pacific
9.3.1 Historical Trend (2017-2021)
9.3.2 Forecast Trend (2022-2027)
9.3.3 Breakup by Country
9.3.3.1 China
9.3.3.2 Japan
9.3.3.3 India
9.3.3.4 ASEAN
9.3.3.5 Australia
9.3.3.6 Others
9.4 Latin America
9.4.1 Historical Trend (2017-2021)
9.4.2 Forecast Trend (2022-2027)
9.4.3 Breakup by Country
9.4.3.1 Brazil
9.4.3.2 Argentina
9.4.3.3 Mexico
9.4.3.4 Others
9.5 Middle East and Africa
9.5.1 Historical Trend (2017-2021)
9.5.2 Forecast Trend (2022-2027)
9.5.3 Breakup by Country
9.5.3.1 Saudi Arabia
9.5.3.2 United Arab Emirates
9.5.3.3 Nigeria
9.5.3.4 South Africa
9.5.3.5 Others
10 Market Dynamics
10.1 SWOT Analysis
10.1.1 Strengths
10.1.2 Weaknesses
10.1.3 Opportunities
10.1.4 Threats
10.2 Porter’s Five Forces Analysis
10.2.1 Supplier’s Power
10.2.2 Buyers Power
10.2.3 Threat of New Entrants
10.2.4 Degree of Rivalry
10.2.5 Threat of Substitutes
10.3 EMR’s Key Indicators for Demand
10.4 EMR’s Key Indicators for Price
11 Value Chain Analysis
12 Manufacturing Processing
12.1 Overview
12.2 Detailed Process Flow
12.3 Operations Involved
13 Competitive Landscape
13.1 Market Structure
13.2 Company Profiles
13.2.1 JinkoSolar Holding Co., Ltd
13.2.1.1 Company Overview
13.2.1.2 Product Portfolio
13.2.1.3 Demographic Reach and Achievements
13.2.1.4 Certifications
13.2.2 Canadian Solar Inc, S.A.
13.2.2.1 Company Overview
13.2.2.2 Product Portfolio
13.2.2.3 Demographic Reach and Achievements
13.2.2.4 Certifications
13.2.3 LONGi Solar Technology Co, Ltd
13.2.3.1 Company Overview
13.2.3.2 Product Portfolio
13.2.3.3 Demographic Reach and Achievements
13.2.3.4 Certifications
13.2.4 SunPower Corporation
13.2.4.1 Company Overview
13.2.4.2 Product Portfolio
13.2.4.3 Demographic Reach and Achievements
13.2.4.4 Certifications
13.2.5 Trina Solar Co., Ltd.
13.2.5.1 Company Overview
13.2.5.2 Product Portfolio
13.2.5.3 Demographic Reach and Achievements
13.2.5.4 Certifications
13.2.6 Others
14 Industry Events and Developments
List of Figures and Tables
1. Global Solar Electric System Market: Key Industry Highlights, 2017 and 2027
2. Global Solar Electric System Historical Market: Breakup by Technology (USD Million), 2017-2021
3. Global Solar Electric System Market Forecast: Breakup by Technology (USD Million), 2022-2027
4. Global Solar Electric System Historical Market: Breakup by Installation Type (USD Million), 2017-2021
5. Global Solar Electric System Market Forecast: Breakup by Installation Type (USD Million), 2022-2027
6. Global Solar Electric System Historical Market: Breakup by Application (USD Million), 2017-2021
7. Global Solar Electric System Market Forecast: Breakup by Application (USD Million), 2022-2027
8. Global Solar Electric System Historical Market: Breakup by Region (USD Million), 2017-2021
9. Global Solar Electric System Market Forecast: Breakup by Region (USD Million), 2022-2027
10. North America Solar Electric System Historical Market: Breakup by Country (USD Billion), 2017-2021
11. North America Solar Electric System Market Forecast: Breakup by Country (USD Billion), 2022-2027
12. Europe Solar Electric System Historical Market: Breakup by Country (USD Billion), 2017-2021
13. Europe Solar Electric System Market Forecast: Breakup by Country (USD Billion), 2022-2027
14. Asia Pacific Solar Electric System Historical Market: Breakup by Country (USD Billion), 2017-2021
15. Asia Pacific Solar Electric System Market Forecast: Breakup by Country (USD Billion), 2022-2027
16. Latin America Solar Electric System Historical Market: Breakup by Country (USD Billion), 2017-2021
17. Latin America Solar Electric System Market Forecast: Breakup by Country (USD Billion), 2022-2027
18. Middle East and Africa Solar Electric System Historical Market: Breakup by Country (USD Billion), 2017-2021
19. Middle East and Africa Solar Electric System Market Forecast: Breakup by Country (USD Billion), 2022-2027
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 2022 and 2027.
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 2022-2027, 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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