The global solar energy market was predicted to grow at a CAGR of 20.5% during the forecast period 2019-2026. The market was valued at $52.5 billion in 2018 and estimated to reach $223.3 billion by the year 2026. The market growth is driven by increasing demand for alternative energy and inclination of the government focus towards adoption of solar panels.
Some major market players included in the global solar energy market research study are Tata Power Solar, Canadian Solar Inc., Sunpower Corporation, Kaneka Corp., Gintech Energy Corp., Esolar Inc., Bright source Energy Inc., Wuxi Suntech Power Co. Ltd., Acciona Energia S.A. and Abengoa Solar S.A. The research study consist of various parts and company profile is a major one.
Tata Power Solar Systems
Tata Power Solar Systems was founded in 1989 and the company is based in India. The company distributes and manufactures the solar photo voltaic products. The Company also deals in components for urban and rural markets and serves Indian customers. The company was formerly known as Tata BP Solar.
Canadian Solar Inc.
Canadian Solar Inc. was founded in the year 2001 and the company is based in Canada. The company sells, manufactures and designs solar module products. The product portfolio presents a wide range of solar modules for industrial, commercial and residential solar power generation systems.The company has a diversified project pipeline of utility-scale solar power projects across regions such as China, India, South East Asia, EMEA, Australia, Latin America, Japan and the U.S. The company operates in 20 countries across 6 continents.
Sunpower Corporation was founded in 1985 and the company is based in the United States. The company offers solar solutions to power plant, commercial and residential customers. The major business segments of the company are same as the end-user i.e. Power Plant Segment, Commercial Segment and Residential Segment. The product profile of the company includes solar module technology, Integrated Smart Energy software solutions and solar power systems.
Gintech Energy Corp
Gintech Energy Corp. was founded in 2005 and the company is based in Taiwan. The company is primarily engaged in distribution and manufacturing of solar cells. The product portfolio of the company includes six-inch mono-crystalline solar cells, six-inch multi-crystalline solar cells, five-inch mono-crystalline solar cells, five-inch multi-crystalline solar cells. The applications of these products are in power generation, transportation systems, road systems, solar vehicles, solar chargers, computers, watches and consumer electronics.
Esolar Inc. was founded in the year 2007 and the company is based in the United States. The company deploys, builds, develops and designs scalable and modular concentrating solar power plants. Also, the company’s offerings include power tower technology, scalable units, modular field layout and patented heliostat design.
- The market research report compiled by Report Ocean is titled as ‘Global Solar Energy Market’.
- The research report offers market overview with detailed analysis of the market scenario from various viewpoints.
- Market Segments, Geographical Analysis, Market Overview, Company Profile, Market Sizing, Market Dynamics are some major sections of the research report.
- The market research study was compiled by considering various market parameters to conclude the results.
- PESTLE Analysis, SWOT Analysis, Porter’s Five Force Model are some examples of economic tools adopted to study the market.