Solar energy is generated by technologies which harnesses the suns energy to create renewable source of power. It is a free source of energy which is sustainable, unlike fossil fuels which are limited. Solar energy does not emit any carbon gases which makes it cleaner and healthier for the environment.
Worldwide revenue from solar PV installation is expected to reach approximately USD 150 billion by 2024. Revenue during the period 2014 to 2016, grew at a CAGR of 8.7%. During this period installation were highest in Asia Pacific, followed by Europe, North America, Middle East and Africa. China solely has 44% of the global solar photovoltaic (PV) capacity.
In 2017, the United States, China, Japan and India are expected to generate 73% of the global PV demand. These countries are expected to dominate the solar power market in the coming decade. India is expected to reach 18.7 gigawatts capacity by 2017 surpassing Japan. For 2017, experts have identified India as being the most favoured market for growth of solar power. India is anticipated to be the third largest player in global solar market replacing Japan.
Our analysts feel that the outlook for the global solar power sector is strong. With countries uniting globally to increase capacity and installations, the sector is well placed for rapid growth. As per experts, solar power can cater to 20% of the total worldwide energy requirement by 2027. By 2021 solar power is anticipated to be cheaper than coal in China, India, Mexico, the United Kingdom and Brazil.
Why should the report be purchased?
The report Assessment of the Global Solar Power Market 2017 highlights key dynamics of the global solar power market. The growing opportunity in the sector along with the emerging trends have been studied. The performance and market scenario in key solar power markets including United States, China, India and Japan has been studied. The report contains latest industry leaders opinions.
Research methodology and delivery time
Smart Research Insights has conducted in depth secondary research to arrive at key insights. Data collected from key public industry sources and publications has been scanned and analyzed impartially to present a clear picture of the industry. All recent developments which impact the sector dynamics have been captured and used to support the research hypothesis.
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About Smart Research Insights (SRI)
SRI is a research organization specializing in industry research reports and custom research. Our team of dedicated researchers with rich experience across industry segments focuses on delivering high quality analysis. Undertaking in-depth secondary research, we arrive at key insights, which are supported by data that has been analyzed impartially to present a clear picture of the industry. All recent developments and industry opinions which impact the sector dynamics are captured and used to support the research hypothesis.
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1. Analyst Opinion
2. Global Solar Power Market
2.2 Market Statistics & Performance
2.3 Market Drivers
2.4 Market Challenges
3. Key Geographies
3.1 United States Solar Power Market
3.2 Chinas Solar Power Power Market
3.3 Indias Solar Power Market
3.4 Japans Solar Power Market
5. Industry Speak
6. List of Charts and Graphs
6.1 Global Revenue from Solar Photovoltaics Installation (USD Billion, 2014-2020E)
6.2 Global PV Demand (Gigawatts, 2013-2022E)
6.3 Global Total PV Installed Capacity by Country (%, 2016)
6.4 Global New PV Installed Capacity by Country (%, 2016)
6.5 United States Solar Power Net Generation (2000 to 2016, million kilowatt hours)
6.6 United States Increase in Solar Power Generation (2000 to 2015, %)
6.7 China Cumulative Installed Solar Power (2012 to 2016, gigawatts)
6.8 China Newly Installed Solar Power Capacity (2013 to 2016, gigawatts)
6.9 China Electric Power Generation by Source (2016, TWh)
6.10 Japan Projected Installed New Capacity of Solar Energy in Japan (2015 to 2020, gigawatts)
6.11 Japan Expected Market Segmentation of Solar Demand by Sector (2016, %)
6.12 India Installed Capacity of Utility-Scale Solar, by state (as of March 31, 2016, megawatts)
6.13 India Source Wise Estimated Potential of Renewable Power (as on March 31, 2016, %)
6.14 India Distribution of Solar Project Statuses (as of March 31, 2017, by developer)
6.15 India Total Installed Solar Rooftop Capacity (as of December 31, 2016, megawatts)
7. Research Methodology
8. About Smart Research Insights
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