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      Solar Farm Market Outlook, Competitive Landscape And Industry Analysis

      Amit by Amit
      November 23, 2022
      in Bussiness
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      IMARC Group has recently released a new research study “Solar Farm Market: Global Industry Trends, Share, Size, Growth, Opportunity and Forecast 2022-2027”, offers a detailed analysis of the market drivers, segmentation, growth opportunities, trends, and competitive landscape to understand the current and future market scenarios.

      What are the growth prospects of the Solar Farm Industry?

      The global solar farm market size reached US$ 63.7 Billion in 2021. Looking forward, IMARC Group expects the market to reach a value of US$ 169.36 Billion by 2027, exhibiting a growth rate (CAGR) of 16.30% during 2022-2027.

      What is a Solar Farm ?

      A solar farm refers to a location that has numerous solar panels set up to collect solar energy and produce electricity. An extensive collection of photovoltaic (PV) solar panels gather energy from the sun, convert it into electricity, and send it to local and national grids for distribution and consumption. Located in an open area of the neighborhood, the solar panels on the solar farm receive maximum sunlight exposure. Unlike rooftop solar and commercial solar power systems, they use ground-mounted solar panels to power buildings, commercial buildings, electric grids, etc. Solar farms operate as power plants or PV power stations to produce electricity for consumers, which are also called solar parks and solar power stations.

      Impact of COVID-19:

      We are regularly tracking the direct effect of COVID-19 on the market, along with the indirect influence of associated industries. These observations will be integrated into the report.

      Request and get a sample brochure for free: https://www.imarcgroup.com/solar-farm-market/requestsample

      What are the major market drivers in the Solar Farm Market ?

      Read Also:  Latin America Sorbitol Market Growth, Analysis, Size, Share, Price, Trends, Report, Forecast 2021-2026

      The rising demand for photovoltaic (PV) technology across several end-use sectors is primarily stimulating the solar farm market. Furthermore, the increasing need for renewable energy resources for power generation to minimize the dependency on conventional fuels is positively influencing the global market. Besides this, the widespread adoption of solar farms, owing to the depletion of fossil fuels, is acting as another significant growth-inducing factor.

      Moreover, the launch of various favorable initiatives by government bodies to promote the production and distribution of energy from renewable sources for minimizing the emission of pollutants is also propelling the market growth.

      Apart from this, the growing investments by key market players in the solar energy sector are further augmenting the global market. Additionally, continuous technological advancements and the reduction in the production cost of photovoltaic panels are expected to fuel the solar farm market over the forecasted period.

      Solar Farm Market Report Scope
      Report CoverageDetails
      Market size value in 2021US$ 63.7 Billion
      Market forecast in 2027US$ 169.36 Billion
      Growth RateCAGR of 16.30% from 2022 to 2027
      Base year for estimation2021
      Historical data2016-2021
      Forecast period2022-2027
      Report coverageRevenue Forecast, Company Ranking, Competitive Landscape, Growth Factors, and Trends
      Segments coveredType And End Use Industry
      Regional scopeAsia Pacific, Europe, North America, Latin America, Middle East and Africa
      Key companies profiledFirst Solar Inc, JA SOLAR Technology Co. Ltd., JinkoSolar Holding Co. Ltd., LONGi Green Energy Technology Co. Ltd, Hanwha Q CELLS GmbH, RenewSys India Pvt. Ltd, Sharp Corporation, Shenzhen Topray Solar Co. Ltd, Tata Power Solar System Inc, The Solaria Corporation, Trina Solar Co. Ltd. and Vikram Solar Ltd.
      Market DynamicsParent market analysis, Market growth inducers and obstacles, Fast-growing and slow-growing segment analysis, COVID 19 impact and future consumer dynamics, market condition analysis for forecast period,
      Customization purviewIf our report has not included the data that you are looking for, you can reach out to our analysts and get segments customized.

      Report Segmentation:

      Read Also:  MSME REGISTRATION WITH ITS BENEFITS

      The report has been segmented the market into following categories:

      Breakup by Type:

      • Surface Suction
      • Utility-scale
      • Distributed Generation
      • Microgrids
      • Others

      Breakup by End Use Industry:

      • Residential
      • Commercial
      • Industrial

      By Geography:
      • North America (United States, Canada)
      • Europe (Germany, France, United Kingdom,
      Italy, Spain, Others)
      • Asia Pacific (China, Japan, India, Australia,
      Indonesia, Korea, Others)
      • Latin America (Brazil, Mexico, Others)
      • Middle East and Africa (United Arab Emirates, Saudi Arabia, Qatar, Iraq, Other)

      List of Major Key Players:

      The major players in the market are

      First Solar Inc

       JA SOLAR Technology Co. Ltd.

       JinkoSolar Holding Co. Ltd.

       LONGi Green Energy Technology Co. Ltd

       Hanwha Q CELLS GmbH

       RenewSys India Pvt. Ltd

       Sharp Corporation

       Shenzhen Topray Solar Co. Ltd

       Tata Power Solar System Inc

      The Solaria Corporation

       Trina Solar Co. Ltd.

      and Vikram Solar Ltd.

      About Us:

      IMARC Group is a leading market research company that offers management strategy and market research worldwide. We partner with clients in all sectors and regions to identify their highest-value opportunities, address their most critical challenges, and transform their businesses.

      IMARC’s information products include major market, scientific, economic and technological developments for business leaders in pharmaceutical, industrial, and high technology organizations. Market forecasts and industry analysis for biotechnology, advanced materials, pharmaceuticals, food and beverage, travel and tourism, nanotechnology and novel processing methods are at the top of the company’s expertise.

      Contact Us:

      IMARC Services Private Limited.
      30 N Gould St Ste R
      Sheridan, WY 82801 USA – Wyoming
      Email: Sales@imarcgroup.com
      Tel No:(D) +91 120 433 0800
      Americas:- +1 631 791 1145 | Africa and Europe :- +44-702-409-7331 | Asia: +91-120-433-0800, +91-120-433-0800

      Read Also:  10 Top And Best Qualities To Look In A Plumber For Home
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