Learn about the global solar energy market through The Business Research Company, which provides information on solar energy market size, solar energy market drivers and restraints, solar energy market players, the COVID-19 impact on the solar energy market, and more.

The global solar energy market size is expected to grow from $83.46 billion in 2021 to $97.83 billion in 2022 at a compound annual growth rate (CAGR) of 17.22%. The global solar energy market size is expected to grow to $231.19 billion in 2026 at a CAGR of 23.98%.

The increasing government initiatives to support renewable energy sources are expected to propel the growth of the solar energy market.

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The solar energy market consists of solar energy products by entities (organizations, sole traders, and partnerships) that are used to generate energy or electricity. Solar energy refers to the generation of renewable energy from sunlight and conversion into electricity, either directly using photovoltaics, or indirectly using concentrated solar power or a combination of both. Photovoltaics (PV) are used to collect solar energy and convert it to useable energy in the form of electricity.

Global solar energy market segments include:

By Type: Solar Cell Panel, Solar Cell Paste, Solar Silicon Wafer

By Technology: Photovoltaic Systems, Concentrated Solar Power Systems

By Panel: Mono-Crystalline, Thin Film, Poly-Crystalline

By Application: Residential, Commercial

By End-Use: Electricity Generation, Lighting, Heating, Charging

By Geography: The market is segmented into North America, South America, Asia-Pacific, Eastern Europe, Western Europe, Middle East and Africa. Among these regions, Asia-Pacific was the largest region in the solar energy market in 2021

The development of bifacial solar cells for increased output is a key trend gaining popularity in the solar energy market. Major companies and research and development centres operating in the solar energy sector are focused on developing bifacial solar cells to meet market demand for maximum output. Bifacial solar cells absorb light from both the front and back sides of their surfaces, catching albedo light that will otherwise be wasted. Therefore, companies and research and development centres are focused on developing bifacial solar cells to maximize the output of solar energy.

TBRC’s solar energy market report covers:

Major Market Players: Kaneka Corp, Acciona Energia SA, Abengoa Solar SA, Bright Source Energy Inc, Tata Power Solar, Wuxi Suntech Power Co Ltd, Sunpower Corporation, Canadian Solar Inc, Esolar Inc, Gintech Energy Corp, Trina Solar Ltd, Solar Systems LLC, United Renewable Energy Co Ltd, LONGi Green Energy Technology Co Ltd, JinkoSolar Holdings Co Ltd, Borrego Solar Systems Inc, Areva, Indosolar, Euro multivision, Bharat Heavy Electricals, Central Electronics Limited, First Solar and Yingli Solar.

Regions: Asia-Pacific, China, Western Europe, Eastern Europe, North America, USA, South America, Middle East and Africa.

Countries: Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Russia, South Korea, UK, USA.

Time Series: Five years historic (2016-21) and ten years forecast (2022-2026-2031)

The Solar Energy Global Market Report 2022 – Market Size, Trends, And Global Forecast 2022-2026 is one of a series of new reports from The Business Research Company that provides solar energy market overviews, analyzes and forecasts market size, share, solar energy market players, solar energy market segments and geographies, leading competitor revenues, profiles and market shares.

TBRC’s solar energy market report identifies top countries and segments for opportunities and strategies based on market trends and leading competitors’ approaches.

Here Is A List Of Similar Reports From The Business Research Company:

Solar Electricity Global Market Report 2022

Solar Photovoltaic Panel Manufacturing Global Market Report 2022

Solar Inverter Global Market Report 2022

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