TechnologySolar Farm Market 2022 Analysis, Top Countries Data, Major Manufacturers and Forecast 2027 By Chris GreenwaltyNovember 24, 2022 Global Solar Farm Market Overview (2022-2027) Historical Market Size (2021): US$ 63.7 Billion Forecast CAGR (2022-2027): 16.30% Forecast Market Size (2027): US$ 169.36 Billion 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 ? 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. Click here to view detailed information with table of content: https://www.imarcgroup.com/solar-farm-market 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 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
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