Tag Archives: Solar Energy Market

The Unconventional Guide Solar Energy Market ?

Ever increasing demand for electricity coupled with government policies promoting the use of renewable source of energy can have the positive impact on the global solar energy market. Being abundant in nature the solar energy acts as a long-lasting and clean energy source of energy that can prove an effective alternative to the current non renewable sources such as coal, oil and gas.

Today, the solar energy emitted from the sun can be harnessed using the technologies such as solar photovoltaics, solar heating, solar thermal electricity and artificial photosynthesis. Government support in the form of tax benefits and subsidies can further lead to the growth of the solar energy market in the near future. The growth of the solar industry especially in the developing economies such as China and India has opened new avenues for the solar energy market. Rapid industrialization coupled with lack of fossil fuel reserves (Oil and Gas) in countries such as India and Japan can create a surge in the demand for the solar energy harnessing devices in these countries.

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The solar energy market can be segmented on the basis of technology used for the purpose of capturing and harnessing the solar energy, applications, end user industry and geography. Solar energy can be harnessed using the technologies such as solar photovoltaics, solar heating, solar thermal electricity and artificial photosynthesis. The solar radiations emitted from the sun can be captured by using either active or passive solar technologies. An active solar technology makes the use of solar panels and solar thermal collectors to collect the infra red radiations emitted by the sun. The passive solar technology captures solar radiations by using a material with favorable light dispersing properties. Solar energy harnessed from the sun can be used for the purpose of space heating, water heating, cooking, water treatment and producing electricity. Today the solar energy can be used in the residential, commercial and industrial sectors.

As electricity production is the foremost application of the solar energy therefore, the regional segmentation of the solar energy market can be done by identifying the major countries involved in the production of electricity using the solar energy. Major countries include the United States and Canada in North America; China, India, Taiwan, Japan, Thailand, South Korea and Australia in Asia Pacific; Germany, Spain, Italy, Czech Republic and France in Europe; Rest of the World includes the countries from Middle East and Africa (MEA) and the Latin America.

Rapid industrialization, stringent government regulations towards the use of environment polluting fuels, government incentives in the form of tax benefits and subsidies and effective utilization of barren land for the purpose of installation of utility scale solar power projects are the major driver to the solar energy market. Advancement in the solar cell technologies enabling higher solar to electric conversion efficiencies is another factor that has positively affected the solar energy market. Economic meltdown in the European countries leading to government decisions toward reducing the subsidies is one of the major restraints to the solar energy market. Untapped equatorial regions in Africa and Latin America can act as the opportunities for the new and existing companies in the solar energy market.

Some of the key players in the solar energy market include companies such as Yingli Solar, First Solar, Inc., Suntech Power Holdings Co., Ltd., Trina Solar Limited and Sharp Corporation.

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Global Report on Solar Energy Market success

EnergyEver increasing demand for electricity coupled with government policies promoting the use of renewable source of energy can have the positive impact on the global solar energy market. Being abundant in nature the solar energy acts as a long-lasting and clean energy source of energy that can prove an effective alternative to the current non renewable sources such as coal, oil and gas.

Today, the solar energy emitted from the sun can be harnessed using the technologies such as solar photovoltaics, solar heating, solar thermal electricity and artificial photosynthesis. Government support in the form of tax benefits and subsidies can further lead to the growth of the solar energy market in the near future. The growth of the solar industry especially in the developing economies such as China and India has opened new avenues for the solar energy market. Rapid industrialization coupled with lack of fossil fuel reserves (Oil and Gas) in countries such as India and Japan can create a surge in the demand for the solar energy harnessing devices in these countries.

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The solar energy market can be segmented on the basis of technology used for the purpose of capturing and harnessing the solar energy, applications, end user industry and geography. Solar energy can be harnessed using the technologies such as solar photovoltaics, solar heating, solar thermal electricity and artificial photosynthesis. The solar radiations emitted from the sun can be captured by using either active or passive solar technologies. An active solar technology makes the use of solar panels and solar thermal collectors to collect the infra red radiations emitted by the sun. The passive solar technology captures solar radiations by using a material with favorable light dispersing properties. Solar energy harnessed from the sun can be used for the purpose of space heating, water heating, cooking, water treatment and producing electricity. Today the solar energy can be used in the residential, commercial and industrial sectors.

As electricity production is the foremost application of the solar energy therefore, the regional segmentation of the solar energy market can be done by identifying the major countries involved in the production of electricity using the solar energy. Major countries include the United States and Canada in North America; China, India, Taiwan, Japan, Thailand, South Korea and Australia in Asia Pacific; Germany, Spain, Italy, Czech Republic and France in Europe; Rest of the World includes the countries from Middle East and Africa (MEA) and the Latin America.

Rapid industrialization, stringent government regulations towards the use of environment polluting fuels, government incentives in the form of tax benefits and subsidies and effective utilization of barren land for the purpose of installation of utility scale solar power projects are the major driver to the solar energy market. Advancement in the solar cell technologies enabling higher solar to electric conversion efficiencies is another factor that has positively affected the solar energy market. Economic meltdown in the European countries leading to government decisions toward reducing the subsidies is one of the major restraints to the solar energy market. Untapped equatorial regions in Africa and Latin America can act as the opportunities for the new and existing companies in the solar energy market.

Some of the key players in the solar energy market include companies such as Yingli Solar, First Solar, Inc., Suntech Power Holdings Co., Ltd., Trina Solar Limited and Sharp Corporation.

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Global and China Market for Solar Energy – Share, Growth and Industry Outlook till 2017

Solar Energy

Energy consumption continues to show signs of vigorous growth year-on-year, with the pressure on fossil fuel reserves now becoming palpable.As countries turn toward sustainable energy for a solution, solar energy stands out for being among the most preferred renewable energy sources.

The report on the global solar energy market conducts a systematic and thorough analysis of the industry capacity, growth rate, emerging technologies, threats, opportunities, and competitive energetics.

The solar energy market study makes use of industry-leading research methodologies and databases to offer definitive analyses to manufacturers, suppliers, investors and consumers in the solar energy domain.

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Overview of the Global Solar Energy Market

As nations try to strike a balance between judiciously exploiting fossil fuel reserves without hampering energy supply, renewable energy has emerged as the only sustainable solution. The U.S. Energy Information Administration’s estimates tell us that globally, energy consumption will soar by 56% in three decades from 2010 to 2040. In 2013, about 22% of all electricity generated worldwide came from renewable energy sources, with solar energy accounting for 1% of this.

By 2040, a quarter of world electricity will be generated from renewable energy sources. Solar energy is perhaps the only form of renewable energy that is being widely used across the world, and has been employed since 1996. Italy, Germany and Japan hold the distinction of being the first movers in the global solar energy market. A strong emphasis on solar energy generation can be observed in China, the U.S., and developed European countries. From the standpoint of total installed solar PV capacity, Germany led the world as of 2013, with China and Italy following suit. But, when considered from the perspective of cumulative annual installations, China beats Germany by a wide margin. Sample this: In 2013, China installed 13 GW of solar energy generation capacity, whereas Germany reported annual installed solar energy capacity of 3.3 GW.

The fact that solar energy is close to achieving grid parity works immensely in its favor. This change has been made possible by market players who invested millions of dollars in solar energy farms, thus helping curtail the cost of solar PV panels.

From the regional standpoint, China ranks as one of the largest solar energy markets by annual installed solar energy generation capacity. However, the solar energy market is China is currently grappling with an oversupply of domestically-manufactured solar panels. Prices of solar panels are poised to slide as a result not just in China, but likely worldwide.

Public and government sentiment toward solar energy remains positive, thus facilitating ease of investments. A number of solar energy projects are currently being planned in the Middle East and Gulf region, as well as Latin American nations such as Brazil and Chile. Besides China, U.S. is a massively attractive market for solar energy players given the favorable regulatory energetics here.

Based on technology, the global solar energy market can be split into crystalline and thin film
photovoltaics. The former can be segmented further as poly-crystalline and mono-crystalline photovoltaics. The supply of solar energy can be configured as either a utility or decentralized model. Rooftop solar installations are commonly seen in the latter, and these are poised to become increasingly popular in the coming years.

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Solar Energy Market- Global Analysis and Industry Forecast, 2010-2017

Solar Energy Market

Transparency Market Research’s report on the ‘Solar Energy Market- Global And China Forecast, Share, Size, Growth And Industry Analysis (2010-2017)’ features sharp analyses of this fast-developing renewable energy market. The report provides a bird’s eye view of the global market for solar energy before touching upon each segment of the industry comprehensively. The report is highly recommended if you are a new entrant wanting to make profitable inroads into this market and also if you are an established player looking for innovative opportunities to expand your footprint. This report gives you access to a detailed overview of the market figures based on various applications, product types, and geographical markets. This market research report also brings figures relating to industry capacity, industry growth rate, and industry structure to your fingertips.

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Moving further, the report then analyzes historical data besides forecasting the market size of the global Solar Energy market. Production forecasts as well as key growth drivers and restraining factors are analyzed in the report. And, it not only provides market projections for the near future, but also gives you insights pertaining to recent technological developments. Our analysts make effective use of Porter’s five forces model analysis to create a graphic image of what the future holds for customers, manufacturers, suppliers, and so on.

Market overview

As the drawbacks and risks associated with conventional energy sources come to the fore, a number of industry players have shown an increased demand for clean energy. This demand has increased at an unprecedented rate over the past few years. Government agencies and environment conscious corporations alike are making an effort to rehash their energy consumption plans and are finding ways to make a seamless switch from conventional energy sources to unconventional ones.

Solar energy is one of the most popular types of alternative energy sources. A boost in investments and favorable regulatory policies stand testimony to this fact. Solar energy is being considered by many as an inexhaustible source of energy, that is harnessed smartly, can also help save costs. This form of energy essentially comprises making full use of the sun’s energy by converting it into a usable form. The prices of photo voltaic cells that capture solar energy have shown an encouraging decline in the recent years. This has increased the opportunities for developing new solar-energy-based applications.

Download PDF :- Solar Energy Market- Global And China Forecast, Share, Size, Growth And Industry Analysis (2010-2017)

This research report analyzes this market depending on its market segments, major geographies, and current market trends. Geographies analyzed under this research report include

  • North America
  • Asia Pacific
  • Europe
  • Rest of the World

This report provides comprehensive analysis of 

  • Market growth drivers
  • Factors limiting market growth
  • Current market trends
  • Market structure
  • Market projections for upcoming years

This report is a complete study of current trends in the market, industry growth drivers, and restraints. It provides market projections for the coming years. It includes analysis of recent developments in technology, Porter’s five force model analysis and detailed profiles of top industry players. The report also includes a review of micro and macro factors essential for the existing market players and new entrants along with detailed value chain analysis.

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