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PUBLISHER: IMARC | PRODUCT CODE: 1237021
PUBLISHER: IMARC | PRODUCT CODE: 1237021
Solar Farm Market: Global Industry Trends, Share, Size, Growth, Opportunity and Forecast 2023-2028
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The global solar farm market size reached US$ 79.6 Billion in 2022. Looking forward, IMARC Group expects the market to reach US$ 196.7 Billion by 2028, exhibiting a growth rate (CAGR) of 14.93% during 2023-2028.
A solar farm is a location that has multiple solar panels set up to collect solar energy and produce electricity. A large collection of photovoltaic (PV) solar panels collects energy from the sun, converts it into electricity, and sends that electricity 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, and electric grids. The solar farms operate as power plants or PV power stations to produce electricity for consumers, which are also known as solar parks and solar power stations.
Solar Farm Market Trends:
- The market is majorly driven by the escalating demand for photovoltaic (PV) technology across numerous end-use industries. This can be attributed to the augmenting need for renewable energy resources for power generation to minimize the dependency on conventional fuels. In line with this, a considerable rise in the depletion of fossil fuels is resulting in higher installations of solar farms on the global level. Moreover, favorable government initiatives promoting the production and distribution of energy from renewable sources to minimize the emission of pollutants are propelling the market. Apart from this, increasing investments by the major market players in the solar energy industry are also impacting the market positively. Continual technological advancements, along with the reduction in the production cost of photovoltaic panels, are further providing an impetus to the market. Some of the other factors creating a positive market outlook include the rising consumer awareness regarding solar water farming, growing environmental concerns, inflating disposable income levels and extensive research and development (R&D) activities conducted by market players with an enhanced focus on sustainable development.
Key Market Segmentation:
- IMARC Group provides an analysis of the key trends in each sub-segment of the global solar farm market report, along with forecasts at the global, regional and country level from 2023-2028. Our report has categorized the market based on type and end use industry.
Breakup by Type:
- Surface Suction
- Utility-scale
- Distributed Generation
- Microgrids
- Others
Breakup by End Use Industry:
- Residential
- Commercial
- Industrial
Breakup by Region:
- North America
- United States
- Canada
- Asia-Pacific
- China
- Japan
- India
- South Korea
- Australia
- Indonesia
- Others
- Europe
- Germany
- France
- United Kingdom
- Italy
- Spain
- Russia
- Others
- Latin America
- Brazil
- Mexico
- Others
- Middle East and Africa
Competitive Landscape:
- The competitive landscape of the industry has also been examined along with the profiles of the key players being 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 Questions Answered in This Report:
- How has the global solar farm market performed so far and how will it perform in the coming years?
- What has been the impact of COVID-19 on the global solar farm market?
- What are the key regional markets?
- What is the breakup of the market based on the type?
- What is the breakup of the market based on the end use industry?
- What are the various stages in the value chain of the industry?
- What are the key driving factors and challenges in the industry?
- What is the structure of the global solar farm market and who are the key players?
- What is the degree of competition in the industry?
Product Code: SR1523A286_Report
Table of Contents
1 Preface
2 Scope and Methodology
- 2.1 Objectives of the Study
- 2.2 Stakeholders
- 2.3 Data Sources
- 2.3.1 Primary Sources
- 2.3.2 Secondary Sources
- 2.4 Market Estimation
- 2.4.1 Bottom-Up Approach
- 2.4.2 Top-Down Approach
- 2.5 Forecasting Methodology
3 Executive Summary
4 Introduction
- 4.1 Overview
- 4.2 Key Industry Trends
5 Global Solar Farm Market
- 5.1 Market Overview
- 5.2 Market Performance
- 5.3 Impact of COVID-19
- 5.4 Market Forecast
6 Market Breakup by Type
- 6.1 Surface Suction
- 6.1.1 Market Trends
- 6.1.2 Market Forecast
- 6.2 Utility-scale
- 6.2.1 Market Trends
- 6.2.2 Market Forecast
- 6.3 Distributed Generation
- 6.3.1 Market Trends
- 6.3.2 Market Forecast
- 6.4 Microgrids
- 6.4.1 Market Trends
- 6.4.2 Market Forecast
- 6.5 Others
- 6.5.1 Market Trends
- 6.5.2 Market Forecast
7 Market Breakup by End Use Industry
- 7.1 Residential
- 7.1.1 Market Trends
- 7.1.2 Market Forecast
- 7.2 Commercial
- 7.2.1 Market Trends
- 7.2.2 Market Forecast
- 7.3 Industrial
- 7.3.1 Market Trends
- 7.3.2 Market Forecast
8 Market Breakup by Region
- 8.1 North America
- 8.1.1 United States
- 8.1.1.1 Market Trends
- 8.1.1.2 Market Forecast
- 8.1.2 Canada
- 8.1.2.1 Market Trends
- 8.1.2.2 Market Forecast
- 8.1.1 United States
- 8.2 Asia-Pacific
- 8.2.1 China
- 8.2.1.1 Market Trends
- 8.2.1.2 Market Forecast
- 8.2.2 Japan
- 8.2.2.1 Market Trends
- 8.2.2.2 Market Forecast
- 8.2.3 India
- 8.2.3.1 Market Trends
- 8.2.3.2 Market Forecast
- 8.2.4 South Korea
- 8.2.4.1 Market Trends
- 8.2.4.2 Market Forecast
- 8.2.5 Australia
- 8.2.5.1 Market Trends
- 8.2.5.2 Market Forecast
- 8.2.6 Indonesia
- 8.2.6.1 Market Trends
- 8.2.6.2 Market Forecast
- 8.2.7 Others
- 8.2.7.1 Market Trends
- 8.2.7.2 Market Forecast
- 8.2.1 China
- 8.3 Europe
- 8.3.1 Germany
- 8.3.1.1 Market Trends
- 8.3.1.2 Market Forecast
- 8.3.2 France
- 8.3.2.1 Market Trends
- 8.3.2.2 Market Forecast
- 8.3.3 United Kingdom
- 8.3.3.1 Market Trends
- 8.3.3.2 Market Forecast
- 8.3.4 Italy
- 8.3.4.1 Market Trends
- 8.3.4.2 Market Forecast
- 8.3.5 Spain
- 8.3.5.1 Market Trends
- 8.3.5.2 Market Forecast
- 8.3.6 Russia
- 8.3.6.1 Market Trends
- 8.3.6.2 Market Forecast
- 8.3.7 Others
- 8.3.7.1 Market Trends
- 8.3.7.2 Market Forecast
- 8.3.1 Germany
- 8.4 Latin America
- 8.4.1 Brazil
- 8.4.1.1 Market Trends
- 8.4.1.2 Market Forecast
- 8.4.2 Mexico
- 8.4.2.1 Market Trends
- 8.4.2.2 Market Forecast
- 8.4.3 Others
- 8.4.3.1 Market Trends
- 8.4.3.2 Market Forecast
- 8.4.1 Brazil
- 8.5 Middle East and Africa
- 8.5.1 Market Trends
- 8.5.2 Market Breakup by Country
- 8.5.3 Market Forecast
9 SWOT Analysis
- 9.1 Overview
- 9.2 Strengths
- 9.3 Weaknesses
- 9.4 Opportunities
- 9.5 Threats
10 Value Chain Analysis
11 Porters Five Forces Analysis
- 11.1 Overview
- 11.2 Bargaining Power of Buyers
- 11.3 Bargaining Power of Suppliers
- 11.4 Degree of Competition
- 11.5 Threat of New Entrants
- 11.6 Threat of Substitutes
12 Price Analysis
13 Competitive Landscape
- 13.1 Market Structure
- 13.2 Key Players
- 13.3 Profiles of Key Players
- 13.3.1 First Solar Inc
- 13.3.1.1 Company Overview
- 13.3.1.2 Product Portfolio
- 13.3.1.3 Financials
- 13.3.1.4 SWOT Analysis
- 13.3.2 JA SOLAR Technology Co. Ltd.
- 13.3.2.1 Company Overview
- 13.3.2.2 Product Portfolio
- 13.3.3 JinkoSolar Holding Co. Ltd.
- 13.3.3.1 Company Overview
- 13.3.3.2 Product Portfolio
- 13.3.4 LONGi Green Energy Technology Co. Ltd
- 13.3.4.1 Company Overview
- 13.3.4.2 Product Portfolio
- 13.3.5 Hanwha Q CELLS GmbH
- 13.3.5.1 Company Overview
- 13.3.5.2 Product Portfolio
- 13.3.6 RenewSys India Pvt. Ltd
- 13.3.6.1 Company Overview
- 13.3.6.2 Product Portfolio
- 13.3.7 Sharp Corporation
- 13.3.7.1 Company Overview
- 13.3.7.2 Product Portfolio
- 13.3.7.3 Financials
- 13.3.7.4 SWOT Analysis
- 13.3.8 Shenzhen Topray Solar Co. Ltd
- 13.3.8.1 Company Overview
- 13.3.8.2 Product Portfolio
- 13.3.8.3 Financials
- 13.3.8.4 SWOT Analysis
- 13.3.9 Tata Power Solar System Inc
- 13.3.9.1 Company Overview
- 13.3.9.2 Product Portfolio
- 13.3.9.3 Financials
- 13.3.9.4 SWOT Analysis
- 13.3.10 The Solaria Corporation
- 13.3.10.1 Company Overview
- 13.3.10.2 Product Portfolio
- 13.3.11 Trina Solar Co. Ltd.
- 13.3.11.1 Company Overview
- 13.3.11.2 Product Portfolio
- 13.3.12 Vikram Solar Ltd.
- 13.3.12.1 Company Overview
- 13.3.12.2 Product Portfolio
- 13.3.1 First Solar Inc
Product Code: SR1523A286_Report
List of Figures
- Figure 1: Global: Solar Farm Market: Major Drivers and Challenges
- Figure 2: Global: Solar Farm Market: Sales Value (in Billion US$), 2017-2022
- Figure 3: Global: Solar Farm Market Forecast: Sales Value (in Billion US$), 2023-2028
- Figure 4: Global: Solar Farm Market: Breakup by Type (in %), 2022
- Figure 5: Global: Solar Farm Market: Breakup by End Use Industry (in %), 2022
- Figure 6: Global: Solar Farm Market: Breakup by Region (in %), 2022
- Figure 7: Global: Solar Farm (Surface Suction) Market: Sales Value (in Million US$), 2017 & 2022
- Figure 8: Global: Solar Farm (Surface Suction) Market Forecast: Sales Value (in Million US$), 2023-2028
- Figure 9: Global: Solar Farm (Utility-scale) Market: Sales Value (in Million US$), 2017 & 2022
- Figure 10: Global: Solar Farm (Utility-scale) Market Forecast: Sales Value (in Million US$), 2023-2028
- Figure 11: Global: Solar Farm (Distributed Generation) Market: Sales Value (in Million US$), 2017 & 2022
- Figure 12: Global: Solar Farm (Distributed Generation) Market Forecast: Sales Value (in Million US$), 2023-2028
- Figure 13: Global: Solar Farm (Microgrids) Market: Sales Value (in Million US$), 2017 & 2022
- Figure 14: Global: Solar Farm (Microgrids) Market Forecast: Sales Value (in Million US$), 2023-2028
- Figure 15: Global: Solar Farm (Other Types) Market: Sales Value (in Million US$), 2017 & 2022
- Figure 16: Global: Solar Farm (Other Types) Market Forecast: Sales Value (in Million US$), 2023-2028
- Figure 17: Global: Solar Farm (Residential) Market: Sales Value (in Million US$), 2017 & 2022
- Figure 18: Global: Solar Farm (Residential) Market Forecast: Sales Value (in Million US$), 2023-2028
- Figure 19: Global: Solar Farm (Commercial) Market: Sales Value (in Million US$), 2017 & 2022
- Figure 20: Global: Solar Farm (Commercial) Market Forecast: Sales Value (in Million US$), 2023-2028
- Figure 21: Global: Solar Farm (Industrial) Market: Sales Value (in Million US$), 2017 & 2022
- Figure 22: Global: Solar Farm (Industrial) Market Forecast: Sales Value (in Million US$), 2023-2028
- Figure 23: North America: Solar Farm Market: Sales Value (in Million US$), 2017 & 2022
- Figure 24: North America: Solar Farm Market Forecast: Sales Value (in Million US$), 2023-2028
- Figure 25: United States: Solar Farm Market: Sales Value (in Million US$), 2017 & 2022
- Figure 26: United States: Solar Farm Market Forecast: Sales Value (in Million US$), 2023-2028
- Figure 27: Canada: Solar Farm Market: Sales Value (in Million US$), 2017 & 2022
- Figure 28: Canada: Solar Farm Market Forecast: Sales Value (in Million US$), 2023-2028
- Figure 29: Asia-Pacific: Solar Farm Market: Sales Value (in Million US$), 2017 & 2022
- Figure 30: Asia-Pacific: Solar Farm Market Forecast: Sales Value (in Million US$), 2023-2028
- Figure 31: China: Solar Farm Market: Sales Value (in Million US$), 2017 & 2022
- Figure 32: China: Solar Farm Market Forecast: Sales Value (in Million US$), 2023-2028
- Figure 33: Japan: Solar Farm Market: Sales Value (in Million US$), 2017 & 2022
- Figure 34: Japan: Solar Farm Market Forecast: Sales Value (in Million US$), 2023-2028
- Figure 35: India: Solar Farm Market: Sales Value (in Million US$), 2017 & 2022
- Figure 36: India: Solar Farm Market Forecast: Sales Value (in Million US$), 2023-2028
- Figure 37: South Korea: Solar Farm Market: Sales Value (in Million US$), 2017 & 2022
- Figure 38: South Korea: Solar Farm Market Forecast: Sales Value (in Million US$), 2023-2028
- Figure 39: Australia: Solar Farm Market: Sales Value (in Million US$), 2017 & 2022
- Figure 40: Australia: Solar Farm Market Forecast: Sales Value (in Million US$), 2023-2028
- Figure 41: Indonesia: Solar Farm Market: Sales Value (in Million US$), 2017 & 2022
- Figure 42: Indonesia: Solar Farm Market Forecast: Sales Value (in Million US$), 2023-2028
- Figure 43: Others: Solar Farm Market: Sales Value (in Million US$), 2017 & 2022
- Figure 44: Others: Solar Farm Market Forecast: Sales Value (in Million US$), 2023-2028
- Figure 45: Europe: Solar Farm Market: Sales Value (in Million US$), 2017 & 2022
- Figure 46: Europe: Solar Farm Market Forecast: Sales Value (in Million US$), 2023-2028
- Figure 47: Germany: Solar Farm Market: Sales Value (in Million US$), 2017 & 2022
- Figure 48: Germany: Solar Farm Market Forecast: Sales Value (in Million US$), 2023-2028
- Figure 49: France: Solar Farm Market: Sales Value (in Million US$), 2017 & 2022
- Figure 50: France: Solar Farm Market Forecast: Sales Value (in Million US$), 2023-2028
- Figure 51: United Kingdom: Solar Farm Market: Sales Value (in Million US$), 2017 & 2022
- Figure 52: United Kingdom: Solar Farm Market Forecast: Sales Value (in Million US$), 2023-2028
- Figure 53: Italy: Solar Farm Market: Sales Value (in Million US$), 2017 & 2022
- Figure 54: Italy: Solar Farm Market Forecast: Sales Value (in Million US$), 2023-2028
- Figure 55: Spain: Solar Farm Market: Sales Value (in Million US$), 2017 & 2022
- Figure 56: Spain: Solar Farm Market Forecast: Sales Value (in Million US$), 2023-2028
- Figure 57: Russia: Solar Farm Market: Sales Value (in Million US$), 2017 & 2022
- Figure 58: Russia: Solar Farm Market Forecast: Sales Value (in Million US$), 2023-2028
- Figure 59: Others: Solar Farm Market: Sales Value (in Million US$), 2017 & 2022
- Figure 60: Others: Solar Farm Market Forecast: Sales Value (in Million US$), 2023-2028
- Figure 61: Latin America: Solar Farm Market: Sales Value (in Million US$), 2017 & 2022
- Figure 62: Latin America: Solar Farm Market Forecast: Sales Value (in Million US$), 2023-2028
- Figure 63: Brazil: Solar Farm Market: Sales Value (in Million US$), 2017 & 2022
- Figure 64: Brazil: Solar Farm Market Forecast: Sales Value (in Million US$), 2023-2028
- Figure 65: Mexico: Solar Farm Market: Sales Value (in Million US$), 2017 & 2022
- Figure 66: Mexico: Solar Farm Market Forecast: Sales Value (in Million US$), 2023-2028
- Figure 67: Others: Solar Farm Market: Sales Value (in Million US$), 2017 & 2022
- Figure 68: Others: Solar Farm Market Forecast: Sales Value (in Million US$), 2023-2028
- Figure 69: Middle East and Africa: Solar Farm Market: Sales Value (in Million US$), 2017 & 2022
- Figure 70: Middle East and Africa: Solar Farm Market: Breakup by Country (in %), 2022
- Figure 71: Middle East and Africa: Solar Farm Market Forecast: Sales Value (in Million US$), 2023-2028
- Figure 72: Global: Solar Farm Industry: SWOT Analysis
- Figure 73: Global: Solar Farm Industry: Value Chain Analysis
- Figure 74: Global: Solar Farm Industry: Porter's Five Forces Analysis
List of Tables
- Table 1: Global: Solar Farm Market: Key Industry Highlights, 2022 and 2028
- Table 2: Global: Solar Farm Market Forecast: Breakup by Type (in Million US$), 2023-2028
- Table 3: Global: Solar Farm Market Forecast: Breakup by End Use Industry (in Million US$), 2023-2028
- Table 4: Global: Solar Farm Market Forecast: Breakup by Region (in Million US$), 2023-2028
- Table 5: Global: Solar Farm Market: Competitive Structure
- Table 6: Global: Solar Farm Market: Key Players
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