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Solar Electric System-Global Market Insights and Sales Trends 2025
Synopsis
The global Solar Electric System market size is expected to reach US$ million by 2029, growing at a CAGR of % from 2023 to 2029. The market is mainly driven by the significant applications of Solar Electric System in various end use industries. The expanding demands from the Residential Use, Industrial Use and Commercial Use,, are propelling Solar Electric System market. Traditional Solar Power Generation Systems, one of the segments analysed in this report, is projected to record % CAGR and reach US$ million by the end of the analysis period. Growth in the New Solar Power Generation Systems segment is estimated at % CAGR for the next seven-year period.
It is expected that global demand for photovoltaic products will remain high in the next few years. According to our PV & Solar Research Center, by the end of 2022, the global cumulative installed photovoltaic power generation capacity is about 1180 GW. According to the data of China Photovoltaic Industry Association, the global newly installed photovoltaic capacity in 2022 is about 230 GW, and this number in 2023 is predicted to be 280-330 GW. According to the data of the Ministry of Industry and Information Technology, the total output value of China's photovoltaic industry exceeded 1.4 trillion yuan in 2022. From the perspective of production value, mainland China is still the global center of the PV industry. According to the International Energy Agency, China market share in all key products of the supply chain have exceeded 80%. Among them, the production capacity of silicon wafers, solar cells, and components accounts for as high as 98%, 85% and 77%, respectively. According to the data released by the European Photovoltaic Association, 27 EU countries gained a new PV installed capacity of 41.4 GW in 2022. According to the report of the US Solar Energy Industries Association (SEIA), the US held a new PV installed capacity of less than 19 GW in 2022. But it is estimated that from 2023, the average annual growth rate of new photovoltaic installed capacity will exceed 21%. In terms of Japan, based on data from Fitch and the US Energy Information Administration (EIA), in 2022, Japan's newly installed photovoltaic capacity was 3.327 GW.
Report Objectives
This report provides market insight on the different segments, by players, by Type, by Application. Market size and forecast (2018-2029) has been provided in the report. The primary objectives of this report are to provide 1) global market size and forecasts, growth rates, market dynamics, industry structure and developments, market situation, trends; 2) global market share and ranking by company; 3) comprehensive presentation of the global market for Solar Electric System, with both quantitative and qualitative analysis through detailed segmentation; 4) detailed value chain analysis and review of growth factors essential for the existing market players and new entrants; 5) emerging opportunities in the market and the future impact of major drivers and restraints of the market.
Key Features of The Study:
This report provides in-depth analysis of the global Solar Electric System market, and provides market size (US$ million) and CAGR for the forecast period (2023-2029), considering 2022 as the base year.
This report profiles key players in the global Solar Electric System market based on the following parameters - company details (found date, headquarters, manufacturing bases), products portfolio, Solar Electric System sales data, market share and ranking.
This report elucidates potential market opportunities across different segments and explains attractive investment proposition matrices for this market.
This report illustrates key insights about market drivers, restraints, opportunities, market trends, regional outlook.
Key companies of Solar Electric System covered in this report include Engie, Exelon, Dominion Energy, Innogy, Tata Power and Greenko Group, etc.
The global Solar Electric System market report caters to various stakeholders in this industry including investors, suppliers, product players, distributors, new entrants, and financial analysts.
Market Segmentation
Company Profiles:
Engie
Exelon
Dominion Energy
Innogy
Tata Power
Greenko Group
Global Solar Electric System market, by region:
North America (U.S., Canada, Mexico)
Europe (Germany, France, UK, Italy, etc.)
Asia Pacific (China, Japan, South Korea, Southeast Asia, India, etc.)
South America (Brazil, etc.)
Middle East and Africa (Turkey, GCC Countries, Africa, etc.)
Global Solar Electric System market, Segment by Type:
Traditional Solar Power Generation Systems
New Solar Power Generation Systems
Global Solar Electric System market, by Application
Residential Use
Industrial Use
Commercial Use
Core Chapters
Chapter One: Introduces the report scope of the report, executive summary of global and regional market size and CAGR for the history and forecast period (2018-2023, 2024-2029). It offers a high-level view of the current state of the market and its likely evolution in the short to mid-term, and long term.
Chapter Two: Provides the analysis of various market segments by Type, covering the market size and development potential of each market segment, to help readers find the blue ocean market in different market segments.
Chapter Three: Provides the analysis of various market segments by Application, covering the market size and development potential of each market segment, to help readers find the blue ocean market in different downstream markets.
Chapter Four: Detailed analysis of Solar Electric System companies’ competitive landscape, revenue, market share and ranking, latest development plan, merger, and acquisition information, etc.
Chapter Five: Provides profiles of key players, introducing the basic situation of the main companies in the market in detail, including product introduction, revenue, recent development, etc.
Chapter Six, Seven, Eight, Nine and Ten: North America, Europe, Asia Pacific, Latin America, Middle East & Africa, revenue by country.
Chapter Eleven: this section also introduces the market dynamics, latest developments of the market, the driving factors and restrictive factors of the market, the challenges and risks faced by companies in the industry, and the analysis of relevant policies in the industry.
Chapter Twelve: Research Finding/Conclusion
The global Solar Electric System market size is expected to reach US$ million by 2029, growing at a CAGR of % from 2023 to 2029. The market is mainly driven by the significant applications of Solar Electric System in various end use industries. The expanding demands from the Residential Use, Industrial Use and Commercial Use,, are propelling Solar Electric System market. Traditional Solar Power Generation Systems, one of the segments analysed in this report, is projected to record % CAGR and reach US$ million by the end of the analysis period. Growth in the New Solar Power Generation Systems segment is estimated at % CAGR for the next seven-year period.
It is expected that global demand for photovoltaic products will remain high in the next few years. According to our PV & Solar Research Center, by the end of 2022, the global cumulative installed photovoltaic power generation capacity is about 1180 GW. According to the data of China Photovoltaic Industry Association, the global newly installed photovoltaic capacity in 2022 is about 230 GW, and this number in 2023 is predicted to be 280-330 GW. According to the data of the Ministry of Industry and Information Technology, the total output value of China's photovoltaic industry exceeded 1.4 trillion yuan in 2022. From the perspective of production value, mainland China is still the global center of the PV industry. According to the International Energy Agency, China market share in all key products of the supply chain have exceeded 80%. Among them, the production capacity of silicon wafers, solar cells, and components accounts for as high as 98%, 85% and 77%, respectively. According to the data released by the European Photovoltaic Association, 27 EU countries gained a new PV installed capacity of 41.4 GW in 2022. According to the report of the US Solar Energy Industries Association (SEIA), the US held a new PV installed capacity of less than 19 GW in 2022. But it is estimated that from 2023, the average annual growth rate of new photovoltaic installed capacity will exceed 21%. In terms of Japan, based on data from Fitch and the US Energy Information Administration (EIA), in 2022, Japan's newly installed photovoltaic capacity was 3.327 GW.
Report Objectives
This report provides market insight on the different segments, by players, by Type, by Application. Market size and forecast (2018-2029) has been provided in the report. The primary objectives of this report are to provide 1) global market size and forecasts, growth rates, market dynamics, industry structure and developments, market situation, trends; 2) global market share and ranking by company; 3) comprehensive presentation of the global market for Solar Electric System, with both quantitative and qualitative analysis through detailed segmentation; 4) detailed value chain analysis and review of growth factors essential for the existing market players and new entrants; 5) emerging opportunities in the market and the future impact of major drivers and restraints of the market.
Key Features of The Study:
This report provides in-depth analysis of the global Solar Electric System market, and provides market size (US$ million) and CAGR for the forecast period (2023-2029), considering 2022 as the base year.
This report profiles key players in the global Solar Electric System market based on the following parameters - company details (found date, headquarters, manufacturing bases), products portfolio, Solar Electric System sales data, market share and ranking.
This report elucidates potential market opportunities across different segments and explains attractive investment proposition matrices for this market.
This report illustrates key insights about market drivers, restraints, opportunities, market trends, regional outlook.
Key companies of Solar Electric System covered in this report include Engie, Exelon, Dominion Energy, Innogy, Tata Power and Greenko Group, etc.
The global Solar Electric System market report caters to various stakeholders in this industry including investors, suppliers, product players, distributors, new entrants, and financial analysts.
Market Segmentation
Company Profiles:
Engie
Exelon
Dominion Energy
Innogy
Tata Power
Greenko Group
Global Solar Electric System market, by region:
North America (U.S., Canada, Mexico)
Europe (Germany, France, UK, Italy, etc.)
Asia Pacific (China, Japan, South Korea, Southeast Asia, India, etc.)
South America (Brazil, etc.)
Middle East and Africa (Turkey, GCC Countries, Africa, etc.)
Global Solar Electric System market, Segment by Type:
Traditional Solar Power Generation Systems
New Solar Power Generation Systems
Global Solar Electric System market, by Application
Residential Use
Industrial Use
Commercial Use
Core Chapters
Chapter One: Introduces the report scope of the report, executive summary of global and regional market size and CAGR for the history and forecast period (2018-2023, 2024-2029). It offers a high-level view of the current state of the market and its likely evolution in the short to mid-term, and long term.
Chapter Two: Provides the analysis of various market segments by Type, covering the market size and development potential of each market segment, to help readers find the blue ocean market in different market segments.
Chapter Three: Provides the analysis of various market segments by Application, covering the market size and development potential of each market segment, to help readers find the blue ocean market in different downstream markets.
Chapter Four: Detailed analysis of Solar Electric System companies’ competitive landscape, revenue, market share and ranking, latest development plan, merger, and acquisition information, etc.
Chapter Five: Provides profiles of key players, introducing the basic situation of the main companies in the market in detail, including product introduction, revenue, recent development, etc.
Chapter Six, Seven, Eight, Nine and Ten: North America, Europe, Asia Pacific, Latin America, Middle East & Africa, revenue by country.
Chapter Eleven: this section also introduces the market dynamics, latest developments of the market, the driving factors and restrictive factors of the market, the challenges and risks faced by companies in the industry, and the analysis of relevant policies in the industry.
Chapter Twelve: Research Finding/Conclusion
Index1 Market Overview of Solar Electric System
1.1 Solar Electric System Market Overview
1.1.1 Solar Electric System Product Scope
1.1.2 Solar Electric System Market Status and Outlook
1.2 Global Solar Electric System Market Size Overview by Region 2018 VS 2022 VS 2029
1.3 Global Solar Electric System Market Size by Region (2018-2029)
1.4 Global Solar Electric System Historic Market Size by Region (2018-2023)
1.5 Global Solar Electric System Market Size Forecast by Region (2024-2029)
1.6 Key Regions, Solar Electric System Market Size (2018-2029)
1.6.1 North America Solar Electric System Market Size (2018-2029)
1.6.2 Europe Solar Electric System Market Size (2018-2029)
1.6.3 Asia-Pacific Solar Electric System Market Size (2018-2029)
1.6.4 Latin America Solar Electric System Market Size (2018-2029)
1.6.5 Middle East & Africa Solar Electric System Market Size (2018-2029)
2 Solar Electric System Market by Type
2.1 Introduction
2.1.1 Traditional Solar Power Generation Systems
2.1.2 New Solar Power Generation Systems
2.2 Global Solar Electric System Market Size by Type: 2018 VS 2022 VS 2029
2.2.1 Global Solar Electric System Historic Market Size by Type (2018-2023)
2.2.2 Global Solar Electric System Forecasted Market Size by Type (2024-2029)
2.3 Key Regions Market Size by Type
2.3.1 North America Solar Electric System Revenue Breakdown by Type (2018-2029)
2.3.2 Europe Solar Electric System Revenue Breakdown by Type (2018-2029)
2.3.3 Asia-Pacific Solar Electric System Revenue Breakdown by Type (2018-2029)
2.3.4 Latin America Solar Electric System Revenue Breakdown by Type (2018-2029)
2.3.5 Middle East and Africa Solar Electric System Revenue Breakdown by Type (2018-2029)
3 Solar Electric System Market Overview by Application
3.1 Introduction
3.1.1 Residential Use
3.1.2 Industrial Use
3.1.3 Commercial Use
3.2 Global Solar Electric System Market Size by Application: 2018 VS 2022 VS 2029
3.2.1 Global Solar Electric System Historic Market Size by Application (2018-2023)
3.2.2 Global Solar Electric System Forecasted Market Size by Application (2024-2029)
3.3 Key Regions Market Size by Application
3.3.1 North America Solar Electric System Revenue Breakdown by Application (2018-2029)
3.3.2 Europe Solar Electric System Revenue Breakdown by Application (2018-2029)
3.3.3 Asia-Pacific Solar Electric System Revenue Breakdown by Application (2018-2029)
3.3.4 Latin America Solar Electric System Revenue Breakdown by Application (2018-2029)
3.3.5 Middle East and Africa Solar Electric System Revenue Breakdown by Application (2018-2029)
4 Solar Electric System Competition Analysis by Players
4.1 Global Solar Electric System Market Size by Players (2018-2023)
4.2 Global Top Players by Company Type (Tier 1, Tier 2 and Tier 3) & (based on the Revenue in Solar Electric System as of 2022)
4.3 Date of Key Players Enter into Solar Electric System Market
4.4 Global Top Players Solar Electric System Headquarters and Area Served
4.5 Key Players Solar Electric System Product Solution and Service
4.6 Competitive Status
4.6.1 Solar Electric System Market Concentration Rate
4.6.2 Mergers & Acquisitions, Expansion Plans
5 Company (Top Players) Profiles
5.1 Engie
5.1.1 Engie Profile
5.1.2 Engie Main Business
5.1.3 Engie Solar Electric System Products, Services and Solutions
5.1.4 Engie Solar Electric System Revenue (US$ Million) & (2018-2023)
5.1.5 Engie Recent Developments
5.2 Exelon
5.2.1 Exelon Profile
5.2.2 Exelon Main Business
5.2.3 Exelon Solar Electric System Products, Services and Solutions
5.2.4 Exelon Solar Electric System Revenue (US$ Million) & (2018-2023)
5.2.5 Exelon Recent Developments
5.3 Dominion Energy
5.3.1 Dominion Energy Profile
5.3.2 Dominion Energy Main Business
5.3.3 Dominion Energy Solar Electric System Products, Services and Solutions
5.3.4 Dominion Energy Solar Electric System Revenue (US$ Million) & (2018-2023)
5.3.5 Innogy Recent Developments
5.4 Innogy
5.4.1 Innogy Profile
5.4.2 Innogy Main Business
5.4.3 Innogy Solar Electric System Products, Services and Solutions
5.4.4 Innogy Solar Electric System Revenue (US$ Million) & (2018-2023)
5.4.5 Innogy Recent Developments
5.5 Tata Power
5.5.1 Tata Power Profile
5.5.2 Tata Power Main Business
5.5.3 Tata Power Solar Electric System Products, Services and Solutions
5.5.4 Tata Power Solar Electric System Revenue (US$ Million) & (2018-2023)
5.5.5 Tata Power Recent Developments
5.6 Greenko Group
5.6.1 Greenko Group Profile
5.6.2 Greenko Group Main Business
5.6.3 Greenko Group Solar Electric System Products, Services and Solutions
5.6.4 Greenko Group Solar Electric System Revenue (US$ Million) & (2018-2023)
5.6.5 Greenko Group Recent Developments
6 North America
6.1 North America Solar Electric System Market Size by Country (2018-2029)
6.2 U.S.
6.3 Canada
7 Europe
7.1 Europe Solar Electric System Market Size by Country (2018-2029)
7.2 Germany
7.3 France
7.4 U.K.
7.5 Italy
7.6 Russia
7.7 Nordic Countries
7.8 Rest of Europe
8 Asia-Pacific
8.1 Asia-Pacific Solar Electric System Market Size by Region (2018-2029)
8.2 China
8.3 Japan
8.4 South Korea
8.5 Southeast Asia
8.6 India
8.7 Australia
8.8 Rest of Asia-Pacific
9 Latin America
9.1 Latin America Solar Electric System Market Size by Country (2018-2029)
9.2 Mexico
9.3 Brazil
9.4 Rest of Latin America
10 Middle East & Africa
10.1 Middle East & Africa Solar Electric System Market Size by Country (2018-2029)
10.2 Turkey
10.3 Saudi Arabia
10.4 UAE
10.5 Rest of Middle East & Africa
11 Solar Electric System Market Dynamics
11.1 Solar Electric System Industry Trends
11.2 Solar Electric System Market Drivers
11.3 Solar Electric System Market Challenges
11.4 Solar Electric System Market Restraints
12 Research Finding /Conclusion
13 Methodology and Data Source
13.1 Methodology/Research Approach
13.1.1 Research Programs/Design
13.1.2 Market Size Estimation
13.1.3 Market Breakdown and Data Triangulation
13.2 Data Source
13.2.1 Secondary Sources
13.2.2 Primary Sources
13.3 Disclaimer
13.4 Author List
Published By : QY Research
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