Fin Fish Market Share, Size opportunity, Geographic Scope And Forecast 2022-2027

The global solar farm market share 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.

Solar Farm Market Overview

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.

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

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 Coverage	Details
Market size value in 2021	US$ 63.7 Billion
Market forecast in 2027	US$ 169.36 Billion
Growth Rate	CAGR of 16.30% from 2022 to 2027
Base year for estimation	2021
Historical data	2016-2021
Forecast period	2022-2027
Report coverage	Revenue Forecast, Company Ranking, Competitive Landscape, Growth Factors, and Trends
Segments covered	Type And End Use Industry
Regional scope	Asia Pacific, Europe, North America, Latin America, Middle East and Africa
Key companies profiled	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.
Market Dynamics	Parent 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 purview	If 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:

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

Regional Insights:

• Asia Pacific
• North America
• Europe
• Middle East and Africa
• Latin America

On the geographical front, Asia Pacific enjoys the leading position in the market. This can be attributed to the rising establishment of international companies in the region, on account of low manufacturing costs and cheap labor.

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Major Key Players in the Market

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.

Key highlights of the report:

• Market Performance (2016-2021)
• Market Outlook (2022- 2027)
• Porter’s Five Forces Analysis
• Market Drivers and Success Factors
• SWOT Analysis
• Value Chain
• Comprehensive Mapping of the Competitive Landscape

If you need specific information that is not currently within the scope of the report, we can provide it to you as a part of the customization.

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.

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