Solar Power Market: 2019 Global Industry Trends, Growth, Share, Size and 2026 Forecast Research Report
The
global solar power market will derive growth from the increasing awareness
regarding conservation of conventional energy sources and reducing
environmental pollution. According to a report published by Fortune Business
Insights, titled “Solar Power: Global
Market Analysis, Insights and Forecast, 2019-2026,” the market estimated to
be at 680.22 GW in 2019. Fortune Business Insights has
predicted that the market will reach 4766.82 GW by 2026, thereby exhibiting a
CAGR of 30.7%.
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New Devices That Can Harness Solar Energy at
Night Will Enable Market Growth
The
awareness towards climate change and several initiatives taken to minimize the
consumption of non-renewable energy sources have created the need for efficient
solar energy harnessing devices. As a result of climate change, governments
across the world have made active participation in the form of investment as
well as subsidies. As a result of the outcry for environmental preservations,
companies have capitalized by introducing newer products and concepts that will
aid in harnessing solar energy efficiently. Recently, scientists have
introduced a new concept for the operation of solar panels, wherein the device
will be able to generate electricity from the energy at night. Fortune Business
Insights has identified this as a breakthrough concept and it has predicted
that such innovations will aid the growth of the global solar power market in
the forthcoming years.
Top
Players Overview:
·
Abengoa Solar S.A
·
Acciona Energia S.A.
·
Wuxi Suntech Power Co. Ltd.
·
Bright source Energy Inc.
·
Esolar Inc.
·
Gintech Energy Corp.
·
Kaneka Corp.
·
Sunpower Corporation
·
Canadian Solar Inc.
·
Tata Power Solar.
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