Solar Power Equipment Market
Solar Power Equipment Market - Global Industry Assessment & Forecast
Segments Covered
- By Equipment Solar Panels, Mounting, Racking, & Tracking System, Storage System, Others
- By Application Residential, Nonresidential, Utility
- By Region North America, Europe, Asia Pacific, Latin America, Middle East & Africa
Snapshot
Base Year: | 2022 |
Forecast Years: | 2023 - 2030 |
Historical Years: | 2017 - 2021 |
Revenue 2022: | USD 113.22 Billion |
Revenue 2030: | USD 260.88 Billion |
Revenue CAGR (2023 - 2030): | 11.00% |
Fastest Growing Region (2023 - 2030) | Asia Pacific |
Largest Region (2022): | Asia Pacific |
Customization Offered
- Cross-segment Market Size and Analysis for Mentioned Segments
- Additional Company Profiles (Upto 5 With No Cost)
- Additional Countries (Apart From Mentioned Countries)
- Country/Region-specific Report
- Go To Market Strategy
- Region Specific Market Dynamics
- Region Level Market Share
- Import Export Analysis
- Production Analysis
- Others Request Customization Speak To Analyst
Research Methodology: Solar Power Equipment Market by Equipment by Application by Region - Global Market Assessment, 2021 - 2028
Secondary Research
Primary Research:
The next stage involves the primary research conducted to gather further information and revalidate the data collected from the secondary research. Moreover, primary research is also conducted to identify key players in the market and to gather their market-specific financial information. A typical primary interview fulfills the following data requirements
Data Triangulation and Market Size Estimations
At the later stage and after procuring data from secondary and primary research, top-down and bottom-up approaches are used to validate and estimate the market size of the Solar Power Equipment market. After the determination of the overall market size, the market is divided into various segments and sub-segments. The data was triangulated by employing various data models and statistical techniques to arrive at exact statistics and also considering key market trends from supply as well as the demand side of the market.
FAQ
Frequently Asked Question
What is the global demand for Solar Power Equipment in terms of revenue?
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The global Solar Power Equipment valued at USD 113.22 Billion in 2022 and is expected to reach USD 260.88 Billion in 2030 growing at a CAGR of 11.00%.
Which are the prominent players in the market?
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The prominent players in the market are ABB Group, Canadian Solar, First Solar Inc., Hanwha Q CELLS, JA Solar, JinkoSolar, LONGi Solar, Shunfeng International, SunPower Corporation, Trina Solar.
At what CAGR is the market projected to grow within the forecast period?
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The market is project to grow at a CAGR of 11.00% between 2023 and 2030.
What are the driving factors fueling the growth of the market.
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The driving factors of the Solar Power Equipment include
- Rise in demand for clean energy
Which region accounted for the largest share in the market?
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Asia Pacific was the leading regional segment of the Solar Power Equipment in 2022.