Solar Power Market Research Reports
The basic unit of all solar electric technology is the photovoltaic (PV) cell. PV cells generate electricity by exploiting the “photovoltaic effect” where, under certain conditions, electrons flow through semiconductor materials when exposed to sunlight.
Solar electric (PV) and solar thermal (ST) are proving technologies, however; the primary industry focus currently is on grid-tied solar electric photovoltaic (PV) power, with solar thermal (ST) power accorded a secondary focus. The reason for taking this approach is that, as presently constituted, the U.S. solar market is built primarily on sales of PV systems.
The solar power market cannot be properly understood without reference to the overall U.S. electricity market, which is thoroughly dominated by coal, natural gas, and nuclear power. Thus the status quo electricity market based on non-renewable energy power must be taken into scope.
Solar Power Industry Research & Market Reports
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Sweden Solar Energy Market - Growth, Trends, and Forecast (2023 - 2028)
... is expected to register a CAGR of more than 23.3% during the forecast period. Though the COVID-19 pandemic negatively impacted the market in 2020, it has reached pre-pandemic levels. Key Highlights Over the short term, ... Read More
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Japan Solar Energy Market - Growth, Trends, Covid-19 Impact, and Forecasts (2023 - 2028)
... significant negative impact on the country, with around 5.4 GW of solar projects completed in 2020. However, some concerns related to the supply chain and workforce did not pose a significant challenge for the market ... Read More
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Colombia Solar Energy Market - Growth, Trends, Covid-19 Impact, and Forecasts (2023 - 2028)
... installed capacity of 4019 MW in 2027 from 440 MW in 2022. With the COVID-19 pandemic, the market had not witnessed any major negative impact. The market grew by around 18.8% in 2020, despite challenges ... Read More
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Spain Solar Energy Market - Growth, Trends, Covid-19 Impact, and Forecasts (2023 - 2028)
... COVID-19 outbreak in 2020 slightly affected solar PV production, and project implementation was also delayed in the country during Q1 and Q2 of 2020 due to the pandemic-induced lockdown restrictions. Moreover, the country’s total electricity ... Read More
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Residential Energy Storage Systems (Ess) Market - Growth, Trends, Covid-19 Impact, and Forecasts (2023 - 2028)
... and is projected to register a CAGR of over 24.4% during the forecast period. The market was negatively impacted by COVID-19 in 2020. Presently the market has now reached pre-pandemic levels. Key Highlights Over the ... Read More
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Australia Power Market - Growth, Trends, Covid-19 Impact, and Forecasts (2023 - 2028)
... the power industry with a slight decline in the power demand, which varied in different sectors. According to the energy ministry, in 2019-2020, the electricity consumption was around 6013 petajoules, a decline of 2.9% compared ... Read More
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South Africa Solar Energy Market - Growth, Trends, Covid-19 Impact, and Forecasts (2023 - 2028)
... COVID-19 pandemic led to a slight delay in utility project execution. Demand from the residential PV segment was severely affected due to financial uncertainty faced by the customers, whereas commercial and industrial installations faced a ... Read More
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Belgium Solar Energy Market - Growth, Trends, Covid-19 Impact, and Forecasts (2023 - 2028)
... The country reported a slowdown in solar PV installations during the COVID-19 outbreak in Q1 2020. However, the recovery in 2020 was strong and, in no time, outpaced the installations of 2019. In addition, the ... Read More
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United States Solar Energy Market - Growth, Trends, Covid-19 Impact, and Forecasts (2023 - 2028)
... solar installed capacity of 270 GW by 2027 from 96.19 GW in 2020. Unlike many other industries, the country’s solar energy industry was not severely impacted by the COVID-19 pandemic, resulting in significant new installations ... Read More
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India Solar Energy Market - Growth, Trends, Covid-19 Impact, and Forecasts (2023 - 2028)
... outbreak did not significantly impact the Indian solar energy market, as growth was witnessed in the solar PV installed capacity in 2020 compared to 2019. The cumulative growth in electricity generation by solar energy sources ... Read More
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Romania Solar Energy Market - Growth, Trends, Covid-19 Impact, and Forecasts (2023 - 2028)
... the COVID-19 outbreak in Q1 2020, the Romanian solar energy market witnessed a negative impact in terms of production and supply. In 2020, Romania's renewable energy production declined significantly due to the lockdown. Although there ... Read More
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Netherlands Solar Energy Market - Growth, Trends, Covid-19 Impact, and Forecasts (2023 - 2028)
... country reported a slowdown in installations when the COVID-19 pandemic first arrived. But the recovery was strong in no time, outpacing 2019 installations during the same period. In addition, Netherlands solar energy capacity in 2020 ... Read More
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Bulgaria Solar Energy Market - Growth, Trends, Covid-19 Impact, and Forecasts (2023 - 2028)
... pandemic had little impact on the Bulgarian solar energy market, as it recorded growth in solar PV installed capacity from 1,048 MW in 2019 to 1,073 MW in 2020. The slight impact was due to ... Read More
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Egypt Renewable Energy Market - Growth, Trends, Covid-19 Impact, and Forecasts (2023 - 2028)
... - 2027. The COVID-19 outbreak in Q1 of 2020 had a transient impact on the renewable sector, especially electricity export projects, which were temporarily put on hold. Though there was an impact on the supply ... Read More
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Russian Federation Power Market - Growth, Trends, Covid-19 Impact, and Forecasts (2023 - 2028)
... 2020-2025. With a growing population, the demand for power is increasing tremendously. Adding to this, factors such as rapid urbanization, technical advancement, and industrialization is increasing the demand for electricity. With the acceptance of renewable ... Read More
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Israel Renewable Energy Market - Growth, Trends, Covid-19 Impact, and Forecasts (2023 - 2028)
... COVID-19 outbreak in Q1 of 2020 had a negative effect on the generation and consumption of electricity across the country due to delayed ongoing projects and curbed investments. Factors such as growing demand for clean ... Read More
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Europe Solar Panel Recycling Market - Growth, Trends, and Forecasts (2023 - 2028)
... negatively impacted by COVID-19. Presently, the market has reached pre-pandemic levels. Key Highlights Over the long term, the growing demand for solar energy and solar contribution to a greener environment is expected to drive the ... Read More
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Ghana Solar Energy Market - Growth, Trends, and Forecasts (2023 - 2028)
... by COVID-19 in 2020. It has now reached pre-pandemic levels. Key Highlights In the medium term, factors such as increasing demand for solar photovoltaic installations, increasing investments in ongoing and upcoming solar energy projects, and ... Read More
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Austria Solar Energy Market - Growth, Trends, Covid-19 Impact, and Forecasts (2023 - 2028)
... reported a slowdown in installations during the COVID-19 outbreak. However, the recovery was strong in less time, outpacing 2019 installations during the same period. In addition, Austria’s solar energy capacity in 2020 accounted for around ... Read More
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Turkey Solar Energy Market - Growth, Trends, Covid-19 Impact, and Forecasts (2023 - 2028)
... The COVID-19 pandemic affected the Turkish solar energy market, as it caused the disruption of the supply chain of raw materials and end products. Factors such as the decreasing reliance on fossil fuel-based power generation ... Read More
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Saudi Arabia Solar Energy Market - Growth, Trends, and Forecasts (2023 - 2028)
... projected to register a CAGR of 51% during the forecast period. Although the COVID-19 pandemic affected the market studied in 2020, it has been recovering and reached pre-pandemic levels. Over the forecast period, factors such ... Read More
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Philippines Solar Energy Market - Growth, Trends, Covid-19 Impact, and Forecasts (2023 - 2028)
... COVID-19 outbreak, the Philippine solar energy market witnessed a negative impact. The demand from the residential PV segment is severely affected due to the financial uncertainty faced by the customers. Utility-scale, commercial, and industrial solar ... Read More
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Italy Solar Energy Market - Growth, Trends, Covid-19 Impact, and Forecasts (2023 - 2028)
... The Italian solar market was relatively unaffected by the COVID-19 pandemic as the market witnessed growth during 2020. For instance, as per the International Energy Agency (IEA), despite the COVID‑19 pandemic, solar photovoltaic capacity additions ... Read More
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Solar Energy Market - Growth, Trends, Covid-19 Impact, and Forecasts (2023 - 2028)
... CAGR of over 12.7% during the forecast period. The market was negatively impacted by COVID-19 in 2020. Presently the market has now reached pre-pandemic levels. Key Highlights Over the medium term, favorable government policies and ... Read More
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United Arab Emirates Renewable Energy Market - Growth, Trends, Covid-19 Impact, and Forecasts (2023 - 2028)
... COVID-19 pandemic did not have much of an impact on the renewable energy progress of the country. The country witnessed an uptrend in installed solar PV capacity in 2019-2020, amounting to around 34%. The UAE ... Read More
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