The Solar Farm Global Market Report 2023, provides comprehensive information on the solar farm market across 60+ geographies in the seven regions – Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa for the 27 major global industries. The report covers a ten year historic period – 2010-2021, and a ten year forecast period – 2023-2032.
Learn More On The Solar Farm Market’s Growth:
https://www.thebusinessresearchcompany.com/report/solar-farm-global-market-report
The global solar farm market size is expected to grow from $79.24 billion in 2022 to $96.75 billion in 2023 at a compound annual growth rate (CAGR) of 22.1%. The Russia-Ukraine war disrupted the chances of global economic recovery from the COVID-19 pandemic. The war between these two countries has led to economic sanctions on multiple countries, a surge in commodity prices, and supply chain disruptions, causing inflation across goods and services and affecting many markets across the globe. The size of solar farm market is expected to reach $200.29 billion in 2027 at a CAGR of 20.0%.
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Product innovation is the key trend gaining popularity in the solar farm market. Major companies operating in the solar farm market are focusing on increasing the applications of solar farms and integrating solar farms with other large-scale projects. For instance, in September 2022, Starlight, an Italy-based solar farm project developing company launched the Agri-eco Voltaics project Land of the Sun. Agri-eco Voltaics is a method of combining solar photovoltaics, contemporary, sustainable agriculture, and territory restoration. It has the potential to alleviate some of the world’s most serious future economic and social concerns while also optimizing land use efficiency. The innovative project constructs and operates the agrivoltaics plant that generates electricity from the sun while allowing crops to be grown and harvested effectively. By developing a concept for dual land use that can be simply reproduced around the world.
The solar farm market is segmented:
1) By Type: Surface Suction, Utility-scale, Distributed Generation, Microgrids, Other Types
2) By Technology: Solar Photovoltaic, Mono-Si, Thin Film, Multi-Si, Other Technologies
3) By End Use Industry: Residential, Commercial, Industrial
Asia-Pacific was the largest region in the solar farm market in 2022.
The table of contents in TBRC’s solar farm market report includes:
1. Executive Summary
2. Solar Farm Market Characteristics
3. Solar Farm Market Trends And Strategies
4. Solar Farm Market – Macro Economic Scenario
5. Solar Farm Market Segmentation
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26. South America Solar Farm Market
27. Brazil Solar Farm Market
28. Middle East Solar Farm Market
29. Africa Solar Farm Market
30. Solar Farm Market Competitive Landscape And Company Profiles
Top Major Players:
- Elevation Solar LLC
- NextEra Energy Inc
- Sharp Corporation
- LONGi Green Energy Technology Co. Ltd
- JinkoSolar Holding Co. Ltd
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