ResearchAndMarkets,a prominent market research provider, has made the report on “Global Distributed Solar Power Generation Market”. The report predicts a substantial growth of USD 7.33 billion in the distributed solar power generation market between 2022 and 2027, with a notable CAGR of 19.09% during the forecast period.
This comprehensive report offers an in-depth analysis of the distributed solar power generation market, encompassing market size, forecasts, emerging trends, growth drivers, challenges, and vendor analysis featuring approximately 25 key players.
Key findings from the report indicate that increasing investments in renewable energy, the decreasing cost of solar photovoltaic (PV) panels, rising electricity demand, and the high cost of grid expansion are driving the distributed solar power generation market. The market is segmented by end-users into commercial, industrial, and residential categories and by geographical landscape into APAC, Europe, North America, South America, and the Middle East and Africa.
One significant driver of market growth highlighted in the report is the growing adoption of microgrids. Additionally, advances in thin-film solar PV modules and increased government support for solar power technology are expected to generate substantial demand in the market.
Key points covered in the report include:
- Distributed solar power generation market size and forecast.
- In-depth industry analysis of the distributed solar power generation market.
- A robust vendor analysis of leading market players, including AUXIN SOLAR Inc., Canadian Solar Inc., E Solar, Enphase Energy Inc., and others.
- Identification of upcoming trends and challenges that will shape market growth.
The study was conducted through a combination of primary and secondary research, gathering insights from key industry participants. The report offers a comprehensive view of the market, including key parameters like profit margins, pricing, competition, and promotional strategies. It also presents various market aspects by identifying key industry influencers. The research data is reliable and extensive, resulting from rigorous primary and secondary research methods.
The report highlights that increasing investments in renewable energy represent a major driving force in this market. Additionally, it includes a SWOT analysis of key vendors, providing valuable insights for market players.