$422 Billion Solar Energy Market 2017 by Technology, Solar Module, Generation and Application - Global Opportunity Analysis & Industry Forecast, 2014-2022 - Research and Markets

DUBLIN--()--Research and Markets has announced the addition of the "Solar Energy Market by Technology, Solar Module, Generation and Application - Global Opportunity Analysis & Industry Forecast, 2014-2022" report to their offering.

The global solar energy industry is expected to reach $422 billion by 2022 from $86 billion in 2015, growing at a CAGR of 24.2% from 2016 to 2022. Solar energy is the radiant heat emitted from the sun, which is harnessed by using a wide range of technologies such as solar heating, photovoltaic cells, artificial photosynthesis, and others. It is an efficient renewable energy, and assists to mitigate greenhouse emissions.

Increase in pollution and market assisting programs such as feed-in tariffs & renewable certificates have fueled the demand for solar energy with application in various domestic, industrial, and commercial applications. Photovoltaic cells have majorly driven the solar energy market owing to increase in rooftop installations and government subsidies such as feed-in tariffs that provide significant support for industrial growth. The crystalline forms of silicone cells have witnessed the major market share in 2015 owing to lower installation cost, high efficiency, and longevity. The amorphous silicon cells segment is expected to show significant growth during the forecast period owing to increase in utilization in solar panels. The agriculture & horticulture segment fueled the demand for solar collectors owing to increase in production of cultivable crops, thereby boosting the growth of the solar energy market. In addition, the rise in globalization has surged the demand for solar panels in the architectural sector.

Asia-Pacific regions such as China and Japan have been the major market drivers for the solar energy market owing to its growth in installations and governmental tax incentives, followed by North America and Europe. However, climatic conditions, geographical positioning, and technological advancements in other renewable forms of energy such as turbines and generators equipped with fish movement equipment for hydroelectricity generation are expected to hinder the market growth. Research and development in third-generation solar modules such as perovskite silicon cells and low installation cost of first- and second-generation solar modules are projected to boost the demand for solar cells.

Scope of the Report

By Technology

  • Photovoltaic Cells
  • Inorganic
  • Organic
  • Concentrated Solar Power Systems
  • Parabolic Troughs
  • Solar Tower
  • Others

By Solar Module

  • Monocrystalline Silicon Cells
  • Polycrystalline Silicon Cells
  • Cadmium Telluride
  • Amorphous Silicon Cells
  • Others (CIGS)

By Generation

  • First Generation
  • Second Generation
  • Third Generation

By Application

  • Agriculture & Horticulture
  • Architecture
  • Transportation
  • Others

Top players in solar energy market include

  • Abengoa Solar S.A.
  • Acciona Energia S.A.
  • Wuxi Suntech Power Co. Ltd.
  • Bright source Energy Inc.
  • Esolar Inc.
  • Gintech Energy Corp.
  • Kaneka Corp.
  • Sunpower Corporation
  • Canadian Solar Inc.
  • Tata Power Solar

For more information about this report visit http://www.researchandmarkets.com/research/27zfvk/solar_energy.

Contacts

Research and Markets
Laura Wood, Senior Manager
press@researchandmarkets.com
For EST Office Hours Call 1-917-300-0470
For U.S./CAN Toll Free Call 1-800-526-8630
For GMT Office Hours Call +353-1-416-8900
U.S. Fax: 646-607-1907
Fax (outside U.S.): +353-1-481-1716
Related Topics: Solar Power

Contacts

Research and Markets
Laura Wood, Senior Manager
press@researchandmarkets.com
For EST Office Hours Call 1-917-300-0470
For U.S./CAN Toll Free Call 1-800-526-8630
For GMT Office Hours Call +353-1-416-8900
U.S. Fax: 646-607-1907
Fax (outside U.S.): +353-1-481-1716
Related Topics: Solar Power