Report cover image

Global Solar Energy Systems Market Size Study, by Component (Hardware, Services, Solutions), by Technology (Concentrated, Photovoltaic, Thermal Solar), by Source (MRO, New Installation), by Deployment (Hybrid, Off Grid, On Grid), by End-user (Commercial,

Publisher Bizwit Research & Consulting
Published Jul 11, 2024
Length 200 Pages
SKU # BIZW18979594

Description

Global Solar Energy Systems Market Size Study, by Component (Hardware, Services, Solutions), by Technology (Concentrated, Photovoltaic, Thermal Solar), by Source (MRO, New Installation), by Deployment (Hybrid, Off Grid, On Grid), by End-user (Commercial, Industrial, Residential) and Regional Forecasts 2022-2032


The Global Solar Energy Systems Market is valued approximately at USD 205.38 billion in 2023 and is anticipated to grow with a healthy growth rate of more than 12.22% over the forecast period 2024-2032. Solar energy systems encompass a technology or set of components designed to capture, convert, store, and distribute solar power, playing a pivotal role in addressing climate change, promoting sustainable development, and reducing fossil fuel dependency. These systems support a cleaner environment, conserve natural resources, and stimulate economic growth by creating jobs in manufacturing, installation, maintenance, and research. Solar energy systems include grid-connected systems, which feed surplus power back into the electrical grid, as well as off-grid applications such as residential rooftop installations and portable charging devices for remote areas without conventional utility services. Additionally, hybrid systems that combine solar energy with other renewable sources and storage options such as batteries offer greater reliability and flexibility in meeting diverse energy needs. The market growth is driven by favorable government incentives and initiatives for solar panel installations, the expanding applications of solar energy across various sectors, and the increasing shift toward renewable energy adoption.

The Solar Energy Systems Market is witnessing substantial growth, primarily fueled by technological advancements, reduced system costs, and favorable government policies encouraging new installations. The rising adoption of solar energy in utility-scale projects, residential areas, and commercial applications underscores the need for solar power capacity expansion. The demand for maintenance, repair, and operations (MRO) services in the solar energy sector is increasing as new installations rise simultaneously. Furthermore, the expanding installations of solar systems in various environmental conditions highlight the necessity for adequate MRO activities to ensure optimal functionality and longevity, resulting in market growth. However, high construction costs of solar energy systems and efficiency challenges due to climatic conditions and geographical latitudes may hinder market development. Moreover, ongoing innovations and surging R&D activities are paving the way for advanced solar energy systems, presenting significant opportunities for market expansion.

Key regions considered for the Solar Energy Systems Market study include Asia Pacific, North America, Europe, Latin America, and Rest of the World. In 2023, The Asia-Pacific region has emerged as a key player, with China leading in massive manufacturing capabilities and catering to domestic and export markets. Nations such as India, Japan, and Australia are investing heavily in solar infrastructure development through favorable policy frameworks like Feed-in Tariffs (FiTs) and government subsidies. Regional market dynamics are driven by government policies, economic factors, and growing awareness of renewable energy sources, positioning solar technology as a transformative force in the global energy mix. North America has emerged out as the fastest growing region bolstered by federal tax incentives, state-level policies, and net metering schemes supporting residential installations. Moreover, rising research and development activities, rising initiatives for solar panel installations is driving the market growth in the region.

Major market players included in this report are:

First Solar, Inc.

ABB Ltd.

Jinko Solar Co., Ltd.

Canadian Solar Inc.

Trina Solar Co., Ltd.

SunPower Corporation

Hanwha Solutions Corporation

Tata Power Solar Systems Limited

Vivint, Inc.

Siemens AG

Enphase Energy, Inc.

NextEra Energy Resources, LLC

Schneider Electric SE

Suzlon Energy Limited

Risen Energy Co., Ltd.

The detailed segments and sub-segments of the market are explained below:

By Component:

Hardware

Services

Solutions

By Technology:

Concentrated

Photovoltaic

Thermal Solar

By Source:

MRO

New Installation

By Deployment:

Hybrid

Off Grid

On Grid

By End-user:

Commercial

Industrial

Residential

By Region:

North America

U.S.

Canada

Europe

UK

Germany

France

Spain

Italy

ROE

Asia Pacific

China

India

Japan

Australia

South Korea

RoAPAC

Latin America

Brazil

Mexico

Middle East & Africa

Saudi Arabia

South Africa

RoMEA

Years considered for the study are as follows:

Historical year – 2022

Base year – 2023

Forecast period – 2024 to 2032

Key Takeaways:

Market Estimates & Forecast for 10 years from 2022 to 2032.

Annualized revenues and regional level analysis for each market segment.

Detailed analysis of geographical landscape with Country level analysis of major regions.

Competitive landscape with information on major players in the market.

Analysis of key business strategies and recommendations on future market approach.

Analysis of competitive structure of the market.

Demand side and supply side analysis of the market.

Please note:The single user license is non-downloadable and non-printable. Global Site license allows these actions.

Table of Contents

200 Pages
Chapter 1. Global Solar Energy Systems Market Executive Summary
1.1. Global Solar Energy Systems Market Size & Forecast (2022- 2032)
1.2. Regional Summary
1.3. Segmental Summary
1.3.1. By Component
1.3.2. By Technology
1.3.3. By Source
1.3.4. By Deployment
1.3.5. By End-user
1.4. Key Trends
1.5. Recession Impact
1.6. Analyst Recommendation & Conclusion
Chapter 2. Global Solar Energy Systems Market Definition and Research Assumptions
2.1. Research Objective
2.2. Market Definition
2.3. Research Assumptions
2.3.1. Inclusion & Exclusion
2.3.2. Limitations
2.3.3. Supply Side Analysis
2.3.3.1. Availability
2.3.3.2. Infrastructure
2.3.3.3. Regulatory Environment
2.3.3.4. Market Competition
2.3.3.5. Economic Viability (Consumer’s Perspective)
2.3.4. Demand Side Analysis
2.3.4.1. Regulatory frameworks
2.3.4.2. Technological Advancements
2.3.4.3. Environmental Considerations
2.3.4.4. Consumer Awareness & Acceptance
2.4. Estimation Methodology
2.5. Years Considered for the Study
2.6. Currency Conversion Rates
Chapter 3. Global Solar Energy Systems Market Dynamics
3.1. Market Drivers
3.1.1. Promising Government Incentives and Initiatives
3.1.2. Increased Applications in Various Verticals
3.1.3. Inclination Toward Renewable Energy Adoption
3.2. Market Challenges
3.2.1. High Costs of Solar Energy Systems
3.2.2. Efficiency Challenges Due to Climatic Conditions
3.3. Market Opportunities
3.3.1. Innovations in Solar Energy Systems
3.3.2. Surging R&D Activities
3.3.3. Advanced Solar Energy Systems Development
Chapter 4. Global Solar Energy Systems Market Industry Analysis
4.1. Porter’s 5 Force Model
4.1.1. Bargaining Power of Suppliers
4.1.2. Bargaining Power of Buyers
4.1.3. Threat of New Entrants
4.1.4. Threat of Substitutes
4.1.5. Competitive Rivalry
4.1.6. Futuristic Approach to Porter’s 5 Force Model
4.1.7. Porter’s 5 Force Impact Analysis
4.2. PESTEL Analysis
4.2.1. Political
4.2.2. Economical
4.2.3. Social
4.2.4. Technological
4.2.5. Environmental
4.2.6. Legal
4.3. Top investment opportunity
4.4. Top winning strategies
4.5. Disruptive Trends
4.6. Industry Expert Perspective
4.7. Analyst Recommendation & Conclusion
Chapter 5. Global Solar Energy Systems Market Size & Forecasts by Component 2022-2032
5.1. Segment Dashboard
5.2. Global Solar Energy Systems Market: Component Revenue Trend Analysis, 2022 & 2032 (USD Billion)
5.2.1. Hardware
5.2.2. Services
5.2.3. Solutions
Chapter 6. Global Solar Energy Systems Market Size & Forecasts by Technology 2022-2032
6.1. Segment Dashboard
6.2. Global Solar Energy Systems Market: Technology Revenue Trend Analysis, 2022 & 2032 (USD Billion)
6.2.1. Concentrated
6.2.2. Photovoltaic
6.2.3. Thermal Solar
Chapter 7. Global Solar Energy Systems Market Size & Forecasts by Source 2022-2032
7.1. Segment Dashboard
7.2. Global Solar Energy Systems Market: Source Revenue Trend Analysis, 2022 & 2032 (USD Billion)
7.2.1. MRO
7.2.2. New Installation
Chapter 8. Global Solar Energy Systems Market Size & Forecasts by Deployment 2022-2032
8.1. Segment Dashboard
8.2. Global Solar Energy Systems Market: Deployment Revenue Trend Analysis, 2022 & 2032 (USD Billion)
8.2.1. Hybrid
8.2.2. Off Grid
8.2.3. On Grid
Chapter 9. Global Solar Energy Systems Market Size & Forecasts by End-user 2022-2032
9.1. Segment Dashboard
9.2. Global Solar Energy Systems Market: End-user Revenue Trend Analysis, 2022 & 2032 (USD Billion)
9.2.1. Commercial
9.2.2. Industrial
9.2.3. Residential
Chapter 10. Global Solar Energy Systems Market Size & Forecasts by Region 2022-2032
10.1. North America Solar Energy Systems Market
10.1.1. U.S. Solar Energy Systems Market
10.1.1.1. Component breakdown size & forecasts, 2022-2032
10.1.1.2. Technology breakdown size & forecasts, 2022-2032
10.1.1.3. Source breakdown size & forecasts, 2022-2032
10.1.1.4. Deployment breakdown size & forecasts, 2022-2032
10.1.1.5. End-user breakdown size & forecasts, 2022-2032
10.1.2. Canada Solar Energy Systems Market
10.2. Europe Solar Energy Systems Market
10.2.1. U.K. Solar Energy Systems Market
10.2.2. Germany Solar Energy Systems Market
10.2.3. France Solar Energy Systems Market
10.2.4. Spain Solar Energy Systems Market
10.2.5. Italy Solar Energy Systems Market
10.2.6. Rest of Europe Solar Energy Systems Market
10.3. Asia-Pacific Solar Energy Systems Market
10.3.1. China Solar Energy Systems Market
10.3.2. India Solar Energy Systems Market
10.3.3. Japan Solar Energy Systems Market
10.3.4. Australia Solar Energy Systems Market
10.3.5. South Korea Solar Energy Systems Market
10.3.6. Rest of Asia Pacific Solar Energy Systems Market
10.4. Latin America Solar Energy Systems Market
10.4.1. Brazil Solar Energy Systems Market
10.4.2. Mexico Solar Energy Systems Market
10.4.3. Rest of Latin America Solar Energy Systems Market
10.5. Middle East & Africa Solar Energy Systems Market
10.5.1. Saudi Arabia Solar Energy Systems Market
10.5.2. South Africa Solar Energy Systems Market
10.5.3. Rest of Middle East & Africa Solar Energy Systems Market
Chapter 11. Competitive Intelligence
11.1. Key Company SWOT Analysis
11.1.1 Company 1
11.1.2 Company 2
11.1.3 Company 3
11.2. Top Market Strategies
11.3. Company Profiles
11.3.1. First Solar, Inc.
11.3.1.1. Key Information
11.3.1.2. Overview
11.3.1.3. Financial (Subject to Data Availability)
11.3.1.4. Product Summary
11.3.1.5. Market Strategies
11.3.2. ABB Ltd.
11.3.3 Jinko Solar Co., Ltd.
11.3.4 Canadian Solar Inc.
11.3.5 Trina Solar Co., Ltd.
11.3.6 SunPower Corporation
11.3.7 Hanwha Solutions Corporation
11.3.8 Tata Power Solar Systems Limited
11.3.9 Vivint, Inc.
11.3.10 Siemens AG
11.3.11. Enphase Energy, Inc.
11.3.12 NextEra Energy Resources, LLC
11.3.13 Schneider Electric SE
11.3.14 Suzlon Energy Limited
11.3.15 Risen Energy Co., Ltd.
Chapter 12. Research Process
12.1. Research Process
12.1.1. Data Mining
12.1.2. Analysis
12.1.3. Market Estimation
12.1.4. Validation
12.1.5. Publishing
12.2. Research Attributes
List of Tables
TABLE 1. Global Solar Energy Systems market, report scope
TABLE 2. Global Solar Energy Systems market estimates & forecasts by Region 2022-2032 (USD Billion)
TABLE 3. Global Solar Energy Systems market estimates & forecasts by Component 2022-2032 (USD Billion)
TABLE 4. Global Solar Energy Systems market estimates & forecasts by Technology 2022-2032 (USD Billion)
TABLE 5. Global Solar Energy Systems market estimates & forecasts by Source 2022-2032 (USD Billion)
TABLE 6. Global Solar Energy Systems market estimates & forecasts by Deployment 2022-2032 (USD Billion)
TABLE 7. Global Solar Energy Systems market estimates & forecasts by End-user 2022-2032 (USD Billion)
TABLE 8. Global Solar Energy Systems market by segment, estimates & forecasts, 2022-2032 (USD Billion)
TABLE 9. Global Solar Energy Systems market by region, estimates & forecasts, 2022-2032 (USD Billion)
TABLE 10. U.S. Solar Energy Systems market estimates & forecasts, 2022-2032 (USD Billion)
TABLE 11. Canada Solar Energy Systems market estimates & forecasts, 2022-2032 (USD Billion)
TABLE 12. U.K. Solar Energy Systems market estimates & forecasts, 2022-2032 (USD Billion)
TABLE 13. Germany Solar Energy Systems market estimates & forecasts, 2022-2032 (USD Billion)
TABLE 14. France Solar Energy Systems market estimates & forecasts, 2022-2032 (USD Billion)
TABLE 15. Spain Solar Energy Systems market estimates & forecasts, 2022-2032 (USD Billion)
TABLE 16. Italy Solar Energy Systems market estimates & forecasts, 2022-2032 (USD Billion)
TABLE 17. China Solar Energy Systems market estimates & forecasts, 2022-2032 (USD Billion)
TABLE 18. India Solar Energy Systems market estimates & forecasts, 2022-2032 (USD Billion)
TABLE 19. Japan Solar Energy Systems market estimates & forecasts, 2022-2032 (USD Billion)
TABLE 20. Australia Solar Energy Systems market estimates & forecasts, 2022-2032 (USD Billion)
TABLE 21. South Korea Solar Energy Systems market estimates & forecasts, 2022-2032 (USD Billion)
TABLE 22. Brazil Solar Energy Systems market estimates & forecasts, 2022-2032 (USD Billion)
TABLE 23. Mexico Solar Energy Systems market estimates & forecasts, 2022-2032 (USD Billion)
TABLE 24. Saudi Arabia Solar Energy Systems market estimates & forecasts, 2022-2032 (USD Billion)
TABLE 25. South Africa Solar Energy Systems market estimates & forecasts, 2022-2032 (USD Billion)
This list is not complete, final report does contain more than 100 tables. The list may be updated in the final deliverable.
List of Figures
FIGURE 1. Global Solar Energy Systems market, research methodology
FIGURE 2. Global Solar Energy Systems market, market estimation techniques
FIGURE 3. Global market size estimates & forecast methods.
FIGURE 4. Global Solar Energy Systems market, key trends 2023
FIGURE 5. Global Solar Energy Systems market, growth prospects 2022-2032
FIGURE 6. Global Solar Energy Systems market, porters 5 force model
FIGURE 7. Global Solar Energy Systems market, PESTEL analysis
FIGURE 8. Global Solar Energy Systems market, value chain analysis
FIGURE 9. Global Solar Energy Systems market by segment, 2022 & 2032 (USD Billion)
FIGURE 10. Global Solar Energy Systems market by segment, 2022 & 2032 (USD Billion)
FIGURE 11. Global Solar Energy Systems market by segment, 2022 & 2032 (USD Billion)
FIGURE 12. Global Solar Energy Systems market by segment, 2022 & 2032 (USD Billion)
FIGURE 13. Global Solar Energy Systems market by segment, 2022 & 2032 (USD Billion)
FIGURE 14. Global Solar Energy Systems market, regional snapshot 2022 & 2032
FIGURE 15. North America Solar Energy Systems market 2022 & 2032 (USD Billion)
FIGURE 16. Europe Solar Energy Systems market 2022 & 2032 (USD Billion)
FIGURE 17. Asia pacific Solar Energy Systems market 2022 & 2032 (USD Billion)
FIGURE 18. Latin America Solar Energy Systems market 2022 & 2032 (USD Billion)
FIGURE 19. Middle East & Africa Solar Energy Systems market 2022 & 2032 (USD Billion)
FIGURE 20. Global Solar Energy Systems market, company market share analysis (2023)
This list is not complete, final report does contain more than 50 figures. The list may be updated in the final deliverable.

Pricing

Currency Rates
How Do Licenses Work?

How Do Licenses Work?

The primary function of a report license is to define how many people within a company are authorized to use the purchased report. This is separate to how a report might be delivered. Unless specifically identified otherwise, the purchase option is Single User. Below is a helpful description of that license, along with a sampling of others most commonly offered.

  • This license allows only one user to have access to and to use/read the report. It is not one user at a time or one user group; it is an individual who will be reading and utilizing the report.

  • This license allows for the entire purchasing company to read and use the report. This is the license level that would allow for a report to be placed on an internal company shared drive for access by all employees of that direct company. This license does not extend to parent or sister company use.

  • This license is designed to allow an entire department within a company full access to a report. The departmental license is a great option for companies that have more than one location and the department is spread out all over the country/world

  • This license is for companies that have one location where they want the report to be accessible by all employees within that physical location.

  • This is the most flexible of the licensing options. Some publishers will allow you to get a license for a preset number of people (typically 5). These licenses are ideal for small work groups.

License options are at the discretion of each publisher. As such, not all licenses indicated above are available for every product. If you are uncertain of the best license for your needs or would like a license that is not proactively available, please contact us and we will be happy to assist.

Head shot

Questions or Comments?

Our team has the ability to search within reports to verify it suits your needs. We can also help maximize your budget by finding sections of reports you can purchase.
Chat Now
Contact Us