Global Solar Power Equipment Market: Industry Analysis and Forecast, 2021–2030
The global Solar Power Equipment market report offers the complete market share, size, and the growth rate of different segments at both the country and regional levels. It provides an in-depth study of the market subtleties such as the current trends, drivers, opportunities, and even the restraining factors. The report also highlights the qualitative aspects in the study. Additionally, the unit takes in the key findings, in terms of market overview and investment prospects. The market report also involves the competitive landscape containing the profiles of top ten major players in the industry. The frontrunners have been thoroughly assessed based on their revenue size, service/product portfolio, regional presence, key plans & policies, and overall contribution to the growth of the market.
The global solar power equipment market size was valued at $101.9 billion in 2020, and is projected to reach $310.4 billion by 2030, registering a CAGR of 11.3% from 2021 to 2030.
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Covid-19 Scenario:
- Owing to temporary closure of manufacturing facilities and disruptions in the supply chain, the global Solar Power Equipment market has been negatively impacted, especially in the initial period of the pandemic.
- Unavailability of raw materials and shortage of skilled labor force was a major challenge, which is why, carrying out manufacturing in full capacity was impossible.
- The demand from applications sectors reduced significantly due to stoppage of new construction, deployment, and maintenance activities during the lockdown. However, the demand is expected to regain during the post-lockdown.
Report coverage & details:
| Report Coverage | Details |
| Market size available for the years | 2022-2031 |
| Base year considered | 2021 |
| Forecast period | 2022-2031 |
| Forecast unit | Value (USD) |
| Segments covered | Product TypeApplicationEnd User |
| Regions covered | North America (the U.S., Canada, and Mexico), Europe (Germany, the UK, France, Spain, Italy, and rest of Europe)Asia-Pacific (China, Japan, India, South Korea, Australia, and rest of Asia-Pacific)LAMEA (Latin America, the Middle East, and Africa) |
| Companies covered | ABB Group, Canadian Solar, First Solar Inc., Hanwha Q CELLS, JA Solar, JinkoSolar, LONGi Solar, Shunfeng International, SunPower Corporation, and Trina Solar. |
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Key Segments Covered
| BY EQUIPMENT | Solar Panels Mounting, Racking, & Tracking System Storage System Others |
Key Benefits for Stakeholders:
- This report provides a detailed quantitative analysis of the market segments, current trends, estimations, and dynamics of the operating room equipment market analysis from 20WW to 20MM to identify the prevailing operating room equipment market opportunities.
- The global Solar Power Equipment market study offers insightful data on several factors such as social, environmental, political, and others that can influence Solar Power Equipmentx market growth.
- Porter’s five forces analysis highlights the potency of buyers and suppliers to enable stakeholders make profit-oriented business decisions and strengthen their supplier-buyer network.
- In-depth analysis of the operating room equipment market segmentation assists to determine the prevailing market opportunities.
- An extensive analysis of various regions provides insights that are expected to allow companies to strategically plan their business moves.
- Major market players within the market are profiled in this report and their strategies are analyzed thoroughly.
- The report includes the analysis of the regional as well as global operating room equipment market trends, key players, market segments, application areas, and market growth strategies.