PUBLISHER: TechNavio | PRODUCT CODE: 1456798
PUBLISHER: TechNavio | PRODUCT CODE: 1456798
The distributed solar power generation market is forecasted to grow by USD 51.45 bn during 2023-2028, accelerating at a CAGR of 6.41% during the forecast period. The report on the distributed solar power generation market provides a holistic analysis, market size and forecast, trends, growth drivers, and challenges, as well as vendor analysis covering around 25 vendors.
The report offers an up-to-date analysis regarding the current market scenario, the latest trends and drivers, and the overall market environment. The market is driven by increasing investments in renewable energy, declining cost of solar PV panels, and rising electricity demand and high cost of grid expansion.
Technavio's distributed solar power generation market is segmented as below:
Market Scope | |
---|---|
Base Year | 2024 |
End Year | 2028 |
Series Year | 2024-2028 |
Growth Momentum | Accelerate |
YOY 2024 | 5.42% |
CAGR | 6.41% |
Incremental Value | $51.45bn |
By Installation Sites
By End-user
By Geographical Landscape
This study identifies the growing adoption of microgrids as one of the prime reasons driving the distributed solar power generation market growth during the next few years. Also, advances in thin-film solar PV modules and increasing government support for solar power technology will lead to sizable demand in the market.
The report on the distributed solar power generation market covers the following areas:
The robust vendor analysis is designed to help clients improve their market position, and in line with this, this report provides a detailed analysis of several leading distributed solar power generation market vendors that include AUXIN SOLAR Inc., Canadian Solar Inc., E Solar, Enphase Energy Inc., General Electric Co., Hanwha Corporation, LG Corp., Panasonic Holdings Corporation, Schneider Electric SE, Silfab Solar Inc., Solar Panels Plus LLC, Sungevity Inc., Sunnova Energy International Inc., Sunrun Inc., Tesla Inc., TotalEnergies SE, Trina Solar Co. Ltd., Trinity Heating and Air Inc, Freedom Solar LLC, and Sharp Corp.. Also, the distributed solar power generation market analysis report includes information on upcoming trends and challenges that will influence market growth. This is to help companies strategize and leverage all forthcoming growth opportunities.
The study was conducted using an objective combination of primary and secondary information including inputs from key participants in the industry. The report contains a comprehensive market and vendor landscape in addition to an analysis of the key vendors.
The publisher presents a detailed picture of the market by the way of study, synthesis, and summation of data from multiple sources by an analysis of key parameters such as profit, pricing, competition, and promotions. It presents various market facets by identifying the key industry influencers. The data presented is comprehensive, reliable, and a result of extensive research - both primary and secondary. The market research reports provide a complete competitive landscape and an in-depth vendor selection methodology and analysis using qualitative and quantitative research to forecast the accurate market growth.
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