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Assessment of the Global Solar Power Market 2017

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Executive Summary

Solar energy is generated by technologies which harnesses the sun's energy to create renewable source of power. It is a free source of energy which is sustainable, unlike fossil fuels which are limited. Solar energy does not emit any carbon gases which makes it cleaner and healthier for the environment.
Worldwide revenue from solar PV installation is expected to reach approximately USD 150 billion by 2024. Revenue during the period 2014 to 2016, grew at a CAGR of 8.7%. During this period installation were highest in Asia Pacific, followed by Europe, North America, Middle East and Africa. China solely has 44% of the global solar photovoltaic (PV) capacity.
In 2017, the United States, China, Japan and India are expected to generate 73% of the global PV demand. These countries are expected to dominate the solar power market in the coming decade. India is expected to reach 18.7 gigawatts capacity by 2017 surpassing Japan. For 2017, experts have identified India as being the most favoured market for growth of solar power. India is anticipated to be the third largest player in global solar market replacing Japan.
Our analysts feel that the outlook for the global solar power sector is strong. With countries uniting globally to increase capacity and installations, the sector is well placed for rapid growth. As per experts, solar power can cater to 20% of the total worldwide energy requirement by 2027. By 2021 solar power is anticipated to be cheaper than coal in China, India, Mexico, the United Kingdom and Brazil.

Why should the report be purchased?

The report ‘Assessment of the Global Solar Power Market 2017' highlights key dynamics of the global solar power market. The growing opportunity in the sector along with the emerging trends have been studied. The performance and market scenario in key solar power markets including United States, China, India and Japan has been studied. The report contains latest industry leaders' opinions.

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Assessment of the Global Solar Power Market 2017
Published By :Smart Research Insights
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