Global Solar Farm Market Report By Type (Surface Suction, Utility-scale, Distributed Generation, Microgrids, Others), By End-Users (Residential, Commercial, Industrial) And By Regions - Industry Trends, Size, Share, Growth, Estimation And Forecast, 2020-2027

June 2021
Report Formats:
Global Solar Farm Market Overview 
The key driver impacting the solar farm market is the growing usage of photovoltaic technology. As per International Energy Agency (IEA), solar PV capacity additions at the global level are estimated to reach nearly 107 GW in 2020. Worldwide, the distributed solar PV capacity is likely to rise by 250% attaining 530 GW by 2024. Commercial and industrial solar PV capacity stays as the biggest growth segment and is expected to boost from 150 GW in 2018 to 377 GW in 2024, with annual capacity additions expanding by 50% to 44 GW by 2024. China remains the foremost growth market. Its residential solar PV capacity climbed from 58 GW in 2018 to 143 GW in 2024, and annual capacity additions are extended more than three times to over 20 GW by 2024. .Also, the rising government regulation supporting the adoption of photovoltaic technology is adding growth to the market. For example, in the U.S. the government has executed laws such as net metering and community solar and net metering  to encourage the usage of photovoltaic technology for electricity generation. Moreover, the rising number of tie-ups or contracts to improve the service and adoption of solar power in various developing countries contributes to the development of the solar farm market in the coming years.
According to Value Market Research, the global Solar Farm market size was valued at about USD $70 billion in 2020 and is estimated to grow at a CAGR of around 20% during the forecast period 2021 to 2027.

The growing investments by the government in solar farms are likely to augment the market demand in the forecast period. In addition, there are growing concerns connected to data privacy and data security, and the remarkable expansion of digital content is creating the need for solar farms. However, the high capital investment may hamper the market in the long run. Also, the lack of awareness among consumers reading the benefits of solar farm technology negatively impacts market development. Also, the high storage cost of solar energy creates a negative impact on the market growth. On the other hand, the current industry trends increase in demand for renewable energy are expected to offer several beneficial market opportunities to the key players.

The solar farm market is vast, with many local and global players. The solar farm market is extensive, with many international and regional players. The market leaders pursue diverse business strategies to enhance their market position, such as extending acquisitions, product portfolio, contracts, product upgrades, amalgamation to raise their market share globally. The key market players studied in the report Trina Solar, TATA Power Solar Systems Ltd., BrightSource Energy, Inc., JA Solar Holdings Co. Ltd., Sharp Corporation, First Solar, Inc., and Shenzhen Topray Solar Co. Ltd.

Global Solar Farm Market Share

In this research report, the Solar Farm market is segmented by type, end-users, and region.

Analysis by Type:
By Type, the report is categorized into surface suction, utility-scale, distributed generation, microgrids, and others. The utility-scale segment dominates the type segment with over half of the total share in 2020. It is due to the growth in investments for grid expansion with integration technologies such as storage and UV connectivity contributing to the utility scale segment's growth in the forecast period.

Analysis by End-Users:
By end-users, the report is devided into industrial, commercial and residential. The commercial segment dominates the end-user segment with over 55% share in 2020. It is due to the growing economies globally due to rapidly rising urbanization, and technology advancement. Also the huge adoption of solar energy by several commercial buildings such as malls, offices, airports, and others to decrease the carbon footprint contributes to the growth of the commercial segment in the forecast period. 

Analysis by Region: 
In the regional outlook of the global solar farm market, the Asia Pacific region dominates globally with a 65% market share in the forecast period. It is due to rising investments in solar power projects and huge favorable government policies providing financial subsidies and incentives to solar PV projects by the governments in India, Thailand, and China. Moreover, an increase in government initiatives for electrification of rural areas, such as Akshay Urja and enormous solar capacity growth in Asia's developing nations like China, contribute to the incredible market growth across North America.

Market Segmentation covered in the Report:
By Type
  • Surface Suction
  • Utility-scale
  • Distributed Generation
  • Microgrids
  • Others 

By End-Users
  • Residential 
  • Commercial 
  • Industrial
By Region
  • North America
  • Europe
  • Asia Pacific
  • Latin America
  • Middle East and Africa


This market research report has been produced by gathering information on the basis of primary and secondary research. Secondary research has been done by using various sources which include (but not limited to) Company Websites, Paid Data Sources, Technical Journals, Financial Reports, SEC Filings, and other different industry publications. 

If specific information is required which is not currently within the scope of the report, it can be provided as a part of customization. 

       1.1. Report Description
           1.1.1. Objective
           1.1.2. Target Audience
           1.1.3. Unique Selling Proposition (USP) & offerings
       1.2. Research Scope
       1.3. Research Methodology
           1.3.1. Market Research Process
           1.3.2. Market Research Methodology
       2.1. Highlights of Market
       2.2. Global Market Snapshot
       3.1. Introduction - Market Dynamics
       3.2. Market Drivers
       3.3. Market Restraints
       3.4. Opportunities
       3.5. Industry Trends
       3.6. Porter’s Five Force Analysis
       3.7. Market Attractiveness Analysis
           3.7.1 By Type
           3.7.2 By End-Users
           3.7.3 By Region
       4.1. Value Chain Analysis
       4.2. Raw Material Analysis
           4.2.1. List of Raw Materials
           4.2.2. Raw Material Manufactures List
           4.2.3. Price Trend of Key Raw Materials
       4.3. List of Potential Buyers
       4.4. Marketing Channel
           4.4.1. Direct Marketing
           4.4.2. Indirect Marketing
           4.4.3. Marketing Channel Development Trend
       5.1. Impact Analysis of Covid-19 Outbreak
           5.1.1. Direct Impact on Production
           5.1.2. Supply Chain and Market Disruption
           5.1.3. Financial Impact on Firms and Financial Markets
       5.2. COVID-19 Impact Analysis by Production, Import, Export and Demand
       5.3. Market: Pre V/S Post COVID-19
       5.4. Estimated Impact of the Coronavirus (COVID-19) Epidemic
       5.5. COVID-19: Micro and Macro Factor Analysis
       6.1 Overview by Type
       6.2 Historical and Forecast Data
       6.3 Analysis by Type
       6.4 Surface Suction Market by Regions
       6.6 Utility-scale Market by Regions
       6.5 Distributed Generation Market by Regions
       6.7 Microgrids Market by Regions
       6.8 Others  Market by Regions
       7.1 Overview by End-Users
       7.2 Historical and Forecast Data
       7.3 Analysis by End-Users
       7.4 Residential  Market by Regions
       7.5 Commercial  Market by Regions
       7.6 Industrial Market by Regions
       8.1. Regional Outlook
       8.2. Introduction
       8.3. North America
           8.3.1. Overview, Historic and Forecast Data
           8.3.2. North America By Segment
           8.3.3. North America By Country
           8.3.4. United State
           8.3.5. Canada
           8.3.6. Mexico
       8.4. Europe
           8.4.1. Overview, Historic and Forecast Data
           8.4.2. Europe by Segment
           8.4.3. Europe by Country
           8.4.4. United Kingdom
           8.4.5. France
           8.4.6. Germany
           8.4.7. Italy
           8.4.8. Russia
           8.4.9. Rest Of Europe
       8.5. Asia Pacific
           8.5.1. Overview, Historic and Forecast Data
           8.5.2. Asia Pacific by Segment
           8.5.3. Asia Pacific by Country
           8.5.4. China
           8.5.5. India
           8.5.6. Japan
           8.5.7. South Korea
           8.5.8. Australia
           8.5.9. Rest Of Asia Pacific
       8.6. Latin America
           8.6.1. Overview, Historic and Forecast Data
           8.6.2. Latin America by Segment
           8.6.3. Latin America by Country
           8.6.4. Brazil
           8.6.5. Argentina
           8.6.6. Peru
           8.6.7. Chile
           8.6.8. Rest of Latin America
       8.7. Middle East & Africa
           8.7.1. Overview, Historic and Forecast Data
           8.7.2. Middle East & Africa by Segment
           8.7.3. Middle East & Africa by Country
           8.7.4. Saudi Arabia
           8.7.5. UAE
           8.7.6. Israel
           8.7.7. South Africa
           8.7.8. Rest Of Middle East And Africa
       9.1. Solar Farm Market Competition
       9.2. Partnership/Collaboration/Agreement
       9.3. Merger And Acquisitions
       9.4. New Product Launch
       9.5. Other Developments
       10.1. Company Share Analysis
       10.2. Market Concentration Rate
       10.3. Trina Solar
           10.3.1. Company Overview
           10.3.2. Financials
           10.3.3. Products
           10.3.4. Recent Developments
       10.4. TATA Power Solar Systems Ltd.
           10.4.1. Company Overview
           10.4.2. Financials
           10.4.3. Products
           10.4.4. Recent Developments
       10.5. BrightSource Energy, Inc.
           10.5.1. Company Overview
           10.5.2. Financials
           10.5.3. Products
           10.5.4. Recent Developments
       10.6. JA Solar Holdings Co. Ltd.
           10.6.1. Company Overview
           10.6.2. Financials
           10.6.3. Products
           10.6.4. Recent Developments
       10.7. Sharp Corporation
           10.7.1. Company Overview
           10.7.2. Financials
           10.7.3. Products
           10.7.4. Recent Developments
       10.8. First Solar, Inc.
           10.8.1. Company Overview
           10.8.2. Financials
           10.8.3. Products
           10.8.4. Recent Developments
       10.9. Shenzhen Topray Solar Co. Ltd.
           10.9.1. Company Overview
           10.9.2. Financials
           10.9.3. Products
           10.9.4. Recent Developments
 *Note - in company profiling, financial details and recent development are subject to availability or might not be covered in case of private companies

  •  Market Snapshot
  •  Drivers : Impact Analysis
  •  Restraints : Impact Analysis
  •  List of Raw Material
  •  List of Raw Material Manufactures
  •  List of Potential Buyers
  •  COVID-19 Impact Analysis by Production, Import, Export and Demand
  •  Pre V/S Post COVID-19
  •  Estimated Impact Of The Coronavirus (Covid-19) Epidemic
  •  COVID-19: Micro and Macro Factor Analysis
  •  Analysis by Type (USD MN)
  •  Surface Suction Market by Geography (USD MN)
  •  Utility-scale Market by Geography (USD MN)
  •  Distributed Generation Market by Geography (USD MN)
  •  Microgrids Market by Geography (USD MN)
  •  Others  Market by Geography (USD MN)
  •  Analysis Market by End-Users (USD MN)
  •  Residential  Market by Geography (USD MN)
  •  Commercial  Market by Geography (USD MN)
  •  Industrial Market by Geography (USD MN)
  •  Global Solar Farm Market by Geography (USD MN)
  •  North America Market Analysis (USD MN)
  •  United State Market Analysis (USD MN)
  •  Canada Market Analysis (USD MN)
  •  Mexico Market Analysis (USD MN)
  •  Europe Market Analysis (USD MN)
  •  Europe Market Estimate by Country (USD MN)
  •  United Kingdom Market Analysis (USD MN)
  •  France Market Analysis (USD MN)
  •  Germany Market Analysis (USD MN)
  •  Italy Market Analysis (USD MN)
  •  Russia Market Analysis (USD MN)
  •  Spain Market Analysis (USD MN)
  •  Rest of Europe Market Analysis (USD MN)
  •  Asia Pacific Market Analysis (USD MN)
  •  China Market Analysis (USD MN)
  •  Japan Market Analysis (USD MN)
  •  India Market Analysis (USD MN)
  •  South Korea Market Analysis (USD MN)
  •  Australia Market Analysis (USD MN)
  •  Rest of Asia Pacific Market Analysis (USD MN)
  •  Latin America Market Analysis (USD MN)
  •  Brazil Market Analysis (USD MN)
  •  Argentina Market Analysis (USD MN)
  •  Peru Market Analysis (USD MN)
  •  Chile Market Analysis (USD MN)
  •  Rest of Latin America Market Analysis (USD MN)
  •  Middle East & Africa Market Analysis (USD MN)
  •  Saudi Arabia Market Analysis (USD MN)
  •  UAE Market Analysis (USD MN)
  •  Israel Market Analysis (USD MN)
  •  South Africa Market Analysis (USD MN)
  •  Rest of Middle East and Africa Market Analysis (USD MN)
  •  Partnership/Collaboration/Agreement
  •  Mergers And Acquisiton
  •  Research Scope of Solar Farm Report
  •  Market Research Process
  •  Market Research Methodology
  •  Global Solar Farm Market Size, by Region (USD MN)
  •  Porters Five Forces Analysis
  •  Market Attractiveness Analysis by Type
  •  Market Attractiveness Analysis by End-Users
  •  Market Attractiveness Analysis by Region
  •  Value Chain Analysis
  •  Global Market Analysis by Type (USD MN)
  •  Surface Suction Market by Geography (USD MN)
  •  Utility-scale Market by Geography (USD MN)
  •  Distributed Generation Market by Geography (USD MN)
  •  Microgrids Market by Geography (USD MN)
  •  Others  Market by Geography (USD MN)
  •  Global Market Analysis by End-Users (USD MN)
  •  Residential  Market by Geography (USD MN)
  •  Commercial  Market by Geography (USD MN)
  •  Industrial Market by Geography (USD MN)
  •  Global Market by Revenue
  •  North America Market by Revenue
  •  Europe Market by Revenue
  •  Asia Pacific Market by Revenue
  •  Latin America Market by Revenue
  •  Middle East & Africa Market by Revenue
  •  Recent Development in Industry
  •  Company Market Share Analysis, 2020
 * Kindly note that the above listed are the basic tables and figures of the report and are not limited to the TOC.

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