Global Solar Farm Market
The Global Solar Farm Market was valued at US$1140 million in 2021 and it is expected to reach at US$ 7750 million in 2027 at a CAGR of 36.33% during forecast period 2022-2027.
Solar farms are places where a lot of solar panels are installed to collect solar energy and generate electricity. These differ from rooftop solar systems and commercial solar power systems in that they use widely spaced, ground-mounted panels to provide electricity to buildings, business buildings, and electric grids.
Market Drivers
The shingles' adaptability and durability add to their appeal and allow for their use on a variety of buildings, adding to their appeal. Homeowners are becoming more interested in the CIGS thin-film solar farm due to its portability, flexibility, and adaptability. The traditional solar panels' need for a sizable installation area is further reduced by the solar farms. These components are projected to have a favorable effect on the growth of the solar farm market worldwide. They blend nicely with both new and old roofs since they are lighter and more flexible. As a result, the advantages that solar farms provide further spur their demand, which in turn fuels the expansion of the market as a whole.
Market Restraints
Numerous solar panels must be positioned in a solar farm. This alters the terrain both practically and artistically. The manufacturing of energy is the only activity still taking place there. The panels could have a harmful effect on local species and habitats after they are installed. The adverse effects on local fauna and habitats will also be a significant obstacle to the market expansion for solar farms.
Market Segmentation
The global solar panels market is segmented into type and end user. By type it segmented into utility-scale, distributed generation, microgrids, others. By end user industry it segmented into residential, commercial, industrial.
Regional Analysis
The global solar farm market segmented into five regions North America, Europe, Latin America, Asia Pacific, Middle East and Africa. In terms of market revenue and market share, Asia-Pacific now dominates the solar farm industry and will maintain this position of strength throughout the projection period. During the projection period, the market is expected to grow at a faster rate due to favorable legislation that encourage the construction of solar farms and more consumer spending on home renovations and upgrades in the region.
Key Players
Various key players are listed in this report such as First Solar (U.S.), STR Holdings Inc. (U.S.), HANGZHOU FIRST APPLIED MATERIAL CO., LTD. (China), Dow (U.S.), DuPont (U.S.), Mitsubishi Chemical Corporation.(Japan), Cambiosolar (Spain), Kuraray Europe Gmbh (Germany), 3M (U.S.), RenewSys India Pvt. Ltd (India)
Market Taxonomy
By Type
• Utility-Scale
• Distributed Generation
• Microgrids
• Others
By End User
• Residential
• Commercial
• Industrial
Key Question Addressed by the Report
• What are the Key Opportunities in Global Solar Farm Market?
• What will be the growth rate from 2022 to 2027?
• Which segment/region will have highest growth?
• What are the factors that will impact/drive the Market?
• What is the role of key players in the value chain?
Global Solar Farm Market TOC
1 Introduction
1.1 Objective of the Study
1.2 Market definition
1.3 Market Scope
2 Research Methodology
2.1 Data Mining
2.2 Validation
2.3 Primary Interviews
2.4 List of Data Sources
3 Executive Summary
4 Global Solar Farm Market Outlook
4.1 Overview
4.2 Market Dynamics
4.2.1 Drivers
4.2.2 Restraints
4.2.3 Opportunities
4.3 Porters Five Force Model
4.4 Value Chain Analysis
5 Global Solar Farm Market, By Type
5.1 Y-o-Y Growth Comparison, By Type
5.2 Global Solar Farm Market Share Analysis, By Type
5.3 Global Solar Farm Market Size and Forecast, By Type
5.3.1 Utility-Scale
5.3.2 Distributed Generation
5.3.3 Microgrids
5.3.4 Others
6 Global Solar Farm Market, By End User
6.1 Y-o-Y Growth Comparison, By End User
6.2 Global Solar Farm Market Share Analysis, By End User
6.3 Global Solar Farm Market Share Analysis, By End User
6.3.1 Commercial
6.3.2 Residential
6.3.3 Industrial
7 Global Solar Farm Market, By Region
7.1 Global Solar Farm Market Share Analysis, By Region
7.2 Global Solar Farm Market Share Analysis, By Region
8 North America Solar Farm Analysis and Forecast (2022-2027)
8.1 Introduction
8.2 North America Solar Farm Market Share Analysis, By Type
8.3 North America Solar Farm Size and Forecast, By End User
8.4 North America Solar Farm Market Size and Forecast, By Country
8.4.1 U.S
8.4.2 Canada
8.4.3 Mexico
9 Europe Solar Farm Market Analysis and Forecast (2022-2027)
9.1 Introduction
9.2 Europe Solar Farm Market Share Analysis, By Type
9.3 Europe Solar Farm Market Size and Forecast, By End User
9.4 Europe Solar Farm Market Size and Forecast, By Country
9.4.1 Germany
9.4.2 France
9.4.3 UK
9.4.4 Rest of Europe
10 Asia Pacific Solar Farm Market Analysis and Forecast (2022-2027)
10.1 Introduction
10.2 Asia-Pacific Solar Farm Market Size and Forecast, By Type
10.3 Asia-Pacific Solar Farm Market Size and Forecast, By End User
10.4 Asia-Pacific Solar Farm Market Size and Forecast, By Country
10.4.1 China
10.4.2 Japan
10.4.3 India
10.4.4. Rest of Asia Pacific
11 Latin America Solar Farm Market Analysis and Forecast (2022-2027)
11.1 Introduction
11.2 Latin America Solar Farm Market Size and Forecast, By Type
11.3 Latin America Solar Farm Market Size and Forecast, By End User
11.4 Latin America Solar Farm Market Size and Forecast, By Country
11.4.1 Brazil
11.4.2. Rest of Latin America
12 Middle East Solar Farm Market Analysis and Forecast (2022-2027)
12.1 Introduction
12.2 Middle East Solar Farm Market Share Analysis, By Type
12.3 Middle East Solar Farm Market Size and Forecast, By End User
12.4 Middle East Solar Farm Market Size and Forecast, By Country
12.4.1. Saudi Arabia
12.4.2. UAE
12.4.2. Egypt
12.4.4. Kuwait
12.4.5. South Africa
13 Competitive Analysis
13.1 Competition Dashboard
13.2 Market share Analysis of Top Vendors
13.3 Key Development Strategies
14 Company Profiles
14.1. First Solar (U.S.)
14.1.1 Overview
14.1.2 Offerings
14.1.3 Key Financials
14.1.4 Business Segment & Geographic Overview
14.1.5 Key Market Developments
14.1.6 Key Strategies
14.2. STR Holdings Inc. (U.S.)
14.2.1 Overview
14.2.2 Offerings
14.2.3 Key Financials
14.2.4 Business Segment & Geographic Overview
14.2.5 Key Market Developments
14.2.6 Key Strategies
14.3. HANGZHOU FIRST APPLIED MATERIAL CO., LTD. (China)
14.3.1 Overview
14.3.2 Offerings
14.3.3 Key Financials
14.3.4 Business Segment & Geographic Overview
14.3.5 Key Market Developments
14.3.6 Key Strategies
14.4. Dow (U.S.)
14.4.1 Overview
14.4.2 Offerings
14.4.3 Key Financials
14.4.4 Business Segment & Geographic Overview
14.4.5 Key Market Developments
14.4.6 Key Strategies
14.5. DuPont (U.S.)
14.5.1 Overview
14.5.2 Offerings
14.5.3 Key Financials
14.5.4 Business Segment & Geographic Overview
14.5.5 Key Market Developments
14.5.6 Key Strategies
14.6. Mitsubishi Chemical Corporation.(Japan)
14.6.1 Overview
14.6.2 Offerings
14.6.3 Key Financials
14.6.4 Business Segment & Geographic Overview
14.6.5 Key Market Developments
14.6.6 Key Strategies
14.7. Cambiosolar (Spain)
14.7.1 Overview
14.7.2 Offerings
14.7.3 Key Financials
14.7.4 Business Segment & Geographic Overview
14.7.5 Key Market Developments
14.7.6 Key Strategies
14.8. Kuraray Europe Gmbh (Germany)
14.8.1 Overview
14.8.2 Offerings
14.8.3 Key Financials
14.8.4 Business Segment & Geographic Overview
14.8.5 Key Market Developments
14.8.6 Key Strategies
14.9. 3M (U.S.)
14.9.1 Overview
14.9.2 Offerings
14.9.3 Key Financials
14.9.4 Business Segment & Geographic Overview
14.9.5 Key Market Developments
14.9.6 Key Strategies
14.10. RenewSys India Pvt. Ltd (India)
14.10.1 Overview
14.10.2 Offerings
14.10.3 Key Financials
14.10.4 Business Segment & Geographic Overview
14.10.5 Key Market Developments
14.10.6 Key Strategies
