Solar Power Industry 2019 Global Market Growth, Size, Demand, Trends, Insights and Forecast 2026
The
advancements in photovoltaic technology in recent years have boded well for the
global solar power market. Growing awareness of the adverse effects of
pollution and minimizing greenhouse gases have contributed to the demand for
solar power across the world. Furthermore, increasing efforts towards ensuring
optimum solar energy consumption will aid the growth of the global solar power market in the forthcoming years. The increasing investment
in the development of solar power and related energy generation devices from
private as well as government organizations has contributed to the growth of
the global market.
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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.
- First Solar
- Jinko Solar
- Hanwha Q
Cells
- Trina Solar
- Renesola
- JA Solar Co.
Ltd.
- LONGi Solar
- Sharp
Corporation
- Risen Energy
Co. Ltd.
- Auxin Solar inc.
- Sunpro Power
Co., Ltd
- CSG PVTECH
CO., LTD.
- Kyocera
Corporation
- SolarWorld
- Panasonic
Corporation
- DMEGC Germany GmbH
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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