Solar Farm Market to Generate $261.0 billion by 2027: Allied Market Research

Favorable government regulations for utilization of photovoltaic technology fuel the growth of the global solar farm market. Asia-Pacific contributed to the highest market share in terms of revenue in 2019, and is projected to maintain its dominance by 2027. Manufacturing of solar farms has been hindered due to the lockdown in many countries worldwide. Furthermore, there has been shortage of raw materials.

/EIN News/ -- Portland, OR, April 20, 2021 (GLOBE NEWSWIRE) -- According to the report published by Allied Market Research,the global solar farm market garnered $61.4 billion in 2019, and is expected to generate $261.0 billion by 2027, registering a CAGR of 19.8% from 2020 to 2027.The report offers a detailed analysis of changing market dynamics, major segments, key investment pockets, competitive landscape, value chain, and regional scenario.

Favorable government regulations for utilization of photovoltaic technology fuel the growth of the global solar farm market. However, expensive installation restrains the market growth. Contrarily, rise in demand for renewable energy creates new opportunities in the coming years.

Download Report Sample (284 Pages PDF with Insights) @ https://www.alliedmarketresearch.com/request-sample/10607

Covid-19 Scenario

• Manufacturing of solar farms has been hindered due to the lockdown in many countries worldwide. Furthermore, there has been shortage of raw materials.
• China, being a crucial supplier of solar panels worldwide, affected the global market as the production activities were stopped in the country during the lockdown. The supplyof solar panelshindered to especially the U.S. and South-East Asia.
• Owing to economic uncertainties, some of the solar farm projects were either canceled or postponed.

The report provides detailed segmentation of the global solar farm market based on type, end-user industry, and region.

Get detailed COVID-19 impact analysis on the Solar Farm Market Request Here

By type, the utility-scale segment accounted for around half of the total market share in 2019, and is projected to maintain its leadership status during the forecast period. However, the distributed generation segment is expected to portray the fastest CAGR of 20.3% from 2020 to 2027.

By end-use industry, the commercial segment contributed to the largest market share in 2019, holding around three-fifths of the global solar farm market share in 2019, and is estimated to maintain its lead position by 2027. Moreover, this segment is expected to witness the largest CAGR of 20.3% from 2020 to 2027. The report also discusses the industrial segment.

By region, Asia-Pacific contributed to the highest market share in terms of revenue in 2019, accounting for more than two-thirds of the global market share, and is projected to maintain its dominance by 2027. However, Europe is projected to witness the highest CAGR of 21.1% from 2020 to 2027.

Schedule a FREE Consultation Call with Our Analysts/Industry Experts to Find Solution for Your Business @ https://www.alliedmarketresearch.com/connect-to-analyst/10607

Leading players of the global solar farm market discussed in the research includeTrina Solar, Shenzhen Topray Solar Co., Ltd.,TATA Power Solar Systems Ltd.,Sharp Corporation, BrightSource Energy, Inc., First Solar, Inc., and JA Solar Holdings Co. Ltd.

Avenue Library Subscription | Request for 14 days free trial of before buying: https://www.alliedmarketresearch.com/avenue/trial/starter

Get more information: https://www.alliedmarketresearch.com/library-access

Similar Reports:
(Pre-Book Now with 10% Discount)

Solar Shed Light Market - Global Opportunity Analysis and Industry Forecast, 2021-2028

Solar Cables Market - Global Opportunity Analysis and Industry Forecast, 2021-2028

Solar Thermal Market: Global Opportunity Analysis and Industry Forecast, 2020–2027

Solar Street Lighting Market: Global Opportunity Analysis and Industry Forecast, 2020–2027

Solar Panel Market: Global Opportunity Analysis and Industry Forecast, 2019–2026

Solar Home Lights Market: Global Opportunity Analysis and Industry Forecast 2020 – 2027

About us:

Allied Market Research (AMR) is a full-service market research and business-consulting wing of Allied Analytics LLP based in Portland, Oregon. Allied Market Research provides global enterprises as well as medium and small businesses with unmatched quality of "Market Research Reports" and "Business Intelligence Solutions." AMR has a targeted view to provide business insights and consulting to assist its clients to make strategic business decisions and achieve sustainable growth in their respective market domain.

We are in professional corporate relations with various companies and this helps us in digging out market data that helps us generate accurate research data tables and confirms utmost accuracy in our market forecasting. Allied Market Research CEO Pawan Kumar is instrumental in inspiring and encouraging everyone associated with the company to maintain high quality of data and help clients in every way possible to achieve success. Each and every data presented in the reports published by us is extracted through primary interviews with top officials from leading companies of domain concerned. Our secondary data procurement methodology includes deep online and offline research and discussion with knowledgeable professionals and analysts in the industry.

Contact us:

David Correa

5933 NE Win Sivers Drive

#205, Portland, OR 97220

United States

Toll Free (USA/Canada): +1-800-792-5285, +1-503-446-1141

International: +1-503-894-6022

UK: +44-845-528-1300

Hong Kong: +852-301-84916

India (Pune): +91-20-66346060

Fax: +1-855-550-5975

help@alliedmarketresearch.com

Web: https://www.alliedmarketresearch.com

Follow us on | Facebook | Twitter | LinkedIn