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Solar Farm Market: Global Industry Trends, Share, Size, Growth, Opportunity and Forecast 2022-2027

Market Overview:

The global solar farm market size reached US$ 63.7 Billion in 2021. Looking forward, IMARC Group expects the market to reach US$ 169.36 Billion by 2027, exhibiting a growth rate (CAGR) of 16.30% during 2022-2027. Keeping in mind the uncertainties of COVID-19, we are continuously tracking and evaluating the direct as well as the indirect influence of the pandemic on different end use sectors. These insights are included in the report as a major market contributor.

A solar farm is a location that has multiple solar panels set up to collect solar energy and produce electricity. A large collection of photovoltaic (PV) solar panels collects energy from the sun, converts it into electricity, and sends that electricity to local and national grids for distribution and consumption. Located in an open area of the neighborhood, the solar panels on the solar farm receive maximum sunlight exposure. Unlike rooftop solar and commercial solar power systems, they use ground-mounted solar panels to power buildings, commercial buildings, and electric grids. The solar farms operate as power plants or PV power stations to produce electricity for consumers, which are also known as solar parks and solar power stations.

Solar Farm Market Trends:

The market is majorly driven by the escalating demand for photovoltaic (PV) technology across numerous end-use industries. This can be attributed to the augmenting need for renewable energy resources for power generation to minimize the dependency on conventional fuels. In line with this, a considerable rise in the depletion of fossil fuels is resulting in higher installations of solar farms on the global level. Moreover, favorable government initiatives promoting the production and distribution of energy from renewable sources to minimize the emission of pollutants are propelling the market. Apart from this, increasing investments by the major market players in the solar energy industry are also impacting the market positively. Continual technological advancements, along with the reduction in the production cost of photovoltaic panels, are further providing an impetus to the market. Some of the other factors creating a positive market outlook include the rising consumer awareness regarding solar water farming, growing environmental concerns, inflating disposable income levels and extensive research and development (R&D) activities conducted by market players with an enhanced focus on sustainable development.

Key Market Segmentation:

IMARC Group provides an analysis of the key trends in each sub-segment of the global solar farm market report, along with forecasts at the global, regional and country level from 2022-2027. Our report has categorized the market based on type and end use industry.

Breakup by Type:

  • Surface Suction
  • Utility-scale
  • Distributed Generation
  • Microgrids
  • Others
     

Breakup by End Use Industry:

  • Residential
  • Commercial
  • Industrial
     

Breakup by Region:

  • North America
    • United States
    • Canada
  • Asia-Pacific
    • China
    • Japan
    • India
    • South Korea
    • Australia
    • Indonesia
    • Others
  • Europe
    • Germany
    • France
    • United Kingdom
    • Italy
    • Spain
    • Russia
    • Others
  • Latin America
    • Brazil
    • Mexico
    • Others
  • Middle East and Africa
     

Competitive Landscape:

The competitive landscape of the industry has also been examined along with the profiles of the key players being First Solar Inc, JA SOLAR Technology Co. Ltd., JinkoSolar Holding Co. Ltd., LONGi Green Energy Technology Co. Ltd, Hanwha Q CELLS GmbH, RenewSys India Pvt. Ltd, Sharp Corporation, Shenzhen Topray Solar Co. Ltd, Tata Power Solar System Inc, The Solaria Corporation, Trina Solar Co. Ltd. and Vikram Solar Ltd.

Report Coverage:

Report Features Details
Base Year of the Analysis 2021
    Historical Period 2016-2021
Forecast Period 2022-2027
Units US$ Billion
Segment Coverage Type, End Use Industry, Region
Region Covered  Asia Pacific, Europe, North America, Latin America, Middle East and Africa
Countries Covered United States, Canada, Germany, France, United Kingdom, Italy, Spain, Russia, China, Japan, India, South Korea, Australia, Indonesia, Brazil, Mexico
Companies Covered First Solar Inc, JA SOLAR Technology Co. Ltd., JinkoSolar Holding Co. Ltd., LONGi Green Energy Technology Co. Ltd, Hanwha Q CELLS GmbH, RenewSys India Pvt. Ltd, Sharp Corporation, Shenzhen Topray Solar Co. Ltd, Tata Power Solar System Inc, The Solaria Corporation, Trina Solar Co. Ltd. and Vikram Solar Ltd.
Customization Scope 10% Free Customization
Report Price and Purchase Option Single User License: US$ 2499
Five User License: US$ 3499
Corporate License: US$ 4499
Post-Sale Analyst Support 10-12 Weeks
Delivery Format PDF and Excel through Email (We can also provide the editable version of the report in PPT/Word format on special request)

 

Key Questions Answered in This Report:

  • How has the global solar farm market performed so far and how will it perform in the coming years?
  • What has been the impact of COVID-19 on the global solar farm market?
  • What are the key regional markets?
  • What is the breakup of the market based on the type?
  • What is the breakup of the market based on the end use industry?
  • What are the various stages in the value chain of the industry?
  • What are the key driving factors and challenges in the industry?
  • What is the structure of the global solar farm market and who are the key players?
  • What is the degree of competition in the industry?

1    Preface
2    Scope and Methodology

    2.1    Objectives of the Study
    2.2    Stakeholders
    2.3    Data Sources
        2.3.1    Primary Sources
        2.3.2    Secondary Sources
    2.4    Market Estimation
        2.4.1    Bottom-Up Approach
        2.4.2    Top-Down Approach
    2.5    Forecasting Methodology
3    Executive Summary
4    Introduction

    4.1    Overview
    4.2    Key Industry Trends
5    Global Solar Farm Market
    5.1    Market Overview
    5.2    Market Performance
    5.3    Impact of COVID-19
    5.4    Market Forecast
6    Market Breakup by Type
    6.1    Surface Suction
        6.1.1 Market Trends
        6.1.2 Market Forecast
    6.2    Utility-scale
        6.2.1 Market Trends
        6.2.2 Market Forecast
    6.3    Distributed Generation
        6.3.1 Market Trends
        6.3.2 Market Forecast
    6.4    Microgrids
        6.4.1 Market Trends
        6.4.2 Market Forecast
    6.5    Others
        6.5.1 Market Trends
        6.5.2 Market Forecast
7    Market Breakup by End Use Industry
    7.1    Residential
        7.1.1 Market Trends
        7.1.2 Market Forecast
    7.2    Commercial
        7.2.1 Market Trends
        7.2.2 Market Forecast
    7.3    Industrial
        7.3.1 Market Trends
        7.3.2 Market Forecast
8    Market Breakup by Region
    8.1    North America
        8.1.1 United States
           8.1.1.1 Market Trends
           8.1.1.2 Market Forecast
        8.1.2 Canada
           8.1.2.1 Market Trends
           8.1.2.2 Market Forecast
    8.2    Asia-Pacific
        8.2.1 China
           8.2.1.1 Market Trends
           8.2.1.2 Market Forecast
        8.2.2 Japan
           8.2.2.1 Market Trends
           8.2.2.2 Market Forecast
        8.2.3 India
           8.2.3.1 Market Trends
           8.2.3.2 Market Forecast
        8.2.4 South Korea
           8.2.4.1 Market Trends
           8.2.4.2 Market Forecast
        8.2.5 Australia
           8.2.5.1 Market Trends
           8.2.5.2 Market Forecast
        8.2.6 Indonesia
           8.2.6.1 Market Trends
           8.2.6.2 Market Forecast
        8.2.7 Others
           8.2.7.1 Market Trends
           8.2.7.2 Market Forecast
    8.3    Europe
        8.3.1 Germany
           8.3.1.1 Market Trends
           8.3.1.2 Market Forecast
        8.3.2 France
           8.3.2.1 Market Trends
           8.3.2.2 Market Forecast
        8.3.3 United Kingdom
           8.3.3.1 Market Trends
           8.3.3.2 Market Forecast
        8.3.4 Italy
           8.3.4.1 Market Trends
           8.3.4.2 Market Forecast
        8.3.5 Spain
           8.3.5.1 Market Trends
           8.3.5.2 Market Forecast
        8.3.6 Russia
           8.3.6.1 Market Trends
           8.3.6.2 Market Forecast
        8.3.7 Others
           8.3.7.1 Market Trends
           8.3.7.2 Market Forecast
    8.4    Latin America
        8.4.1 Brazil
           8.4.1.1 Market Trends
           8.4.1.2 Market Forecast
        8.4.2 Mexico
           8.4.2.1 Market Trends
           8.4.2.2 Market Forecast
        8.4.3 Others
           8.4.3.1 Market Trends
           8.4.3.2 Market Forecast
    8.5    Middle East and Africa
        8.5.1 Market Trends
        8.5.2 Market Breakup by Country
        8.5.3 Market Forecast
9    SWOT Analysis
    9.1    Overview
    9.2    Strengths
    9.3    Weaknesses
    9.4    Opportunities
    9.5    Threats
10    Value Chain Analysis
11    Porters Five Forces Analysis

    11.1    Overview
    11.2    Bargaining Power of Buyers
    11.3    Bargaining Power of Suppliers
    11.4    Degree of Competition
    11.5    Threat of New Entrants
    11.6    Threat of Substitutes
12    Price Analysis
13    Competitive Landscape

    13.1    Market Structure
    13.2    Key Players
    13.3    Profiles of Key Players
        13.3.1    First Solar Inc
           13.3.1.1 Company Overview
           13.3.1.2 Product Portfolio
           13.3.1.3 Financials
           13.3.1.4 SWOT Analysis
        13.3.2    JA SOLAR Technology Co. Ltd.
           13.3.2.1 Company Overview
           13.3.2.2 Product Portfolio
        13.3.3    JinkoSolar Holding Co. Ltd.
           13.3.3.1 Company Overview
           13.3.3.2 Product Portfolio
        13.3.4    LONGi Green Energy Technology Co. Ltd
           13.3.4.1 Company Overview
           13.3.4.2 Product Portfolio
        13.3.5    Hanwha Q CELLS GmbH
           13.3.5.1 Company Overview
           13.3.5.2 Product Portfolio
        13.3.6    RenewSys India Pvt. Ltd
           13.3.6.1 Company Overview
           13.3.6.2 Product Portfolio
        13.3.7    Sharp Corporation
           13.3.7.1 Company Overview
           13.3.7.2 Product Portfolio
           13.3.7.3 Financials
           13.3.7.4 SWOT Analysis
        13.3.8    Shenzhen Topray Solar Co. Ltd
           13.3.8.1 Company Overview
           13.3.8.2 Product Portfolio
           13.3.8.3 Financials
           13.3.8.4 SWOT Analysis
        13.3.9    Tata Power Solar System Inc
           13.3.9.1 Company Overview
           13.3.9.2 Product Portfolio
           13.3.9.3 Financials
           13.3.9.4 SWOT Analysis
        13.3.10    The Solaria Corporation
           13.3.10.1 Company Overview
           13.3.10.2 Product Portfolio
        13.3.11    Trina Solar Co. Ltd.
           13.3.11.1 Company Overview
           13.3.11.2 Product Portfolio
        13.3.12    Vikram Solar Ltd.
           13.3.12.1 Company Overview
           13.3.12.2 Product Portfolio

List of Figures

Figure 1: Global: Solar Farm Market: Major Drivers and Challenges
Figure 2: Global: Solar Farm Market: Sales Value (in Billion US$), 2016-2021
Figure 3: Global: Solar Farm Market Forecast: Sales Value (in Billion US$), 2022-2027
Figure 4: Global: Solar Farm Market: Breakup by Type (in %), 2021
Figure 5: Global: Solar Farm Market: Breakup by End Use Industry (in %), 2021
Figure 6: Global: Solar Farm Market: Breakup by Region (in %), 2021
Figure 7: Global: Solar Farm (Surface Suction) Market: Sales Value (in Million US$), 2016 & 2021
Figure 8: Global: Solar Farm (Surface Suction) Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 9: Global: Solar Farm (Utility-scale) Market: Sales Value (in Million US$), 2016 & 2021
Figure 10: Global: Solar Farm (Utility-scale) Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 11: Global: Solar Farm (Distributed Generation) Market: Sales Value (in Million US$), 2016 & 2021
Figure 12: Global: Solar Farm (Distributed Generation) Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 13: Global: Solar Farm (Microgrids) Market: Sales Value (in Million US$), 2016 & 2021
Figure 14: Global: Solar Farm (Microgrids) Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 15: Global: Solar Farm (Other Types) Market: Sales Value (in Million US$), 2016 & 2021
Figure 16: Global: Solar Farm (Other Types) Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 17: Global: Solar Farm (Residential) Market: Sales Value (in Million US$), 2016 & 2021
Figure 18: Global: Solar Farm (Residential) Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 19: Global: Solar Farm (Commercial) Market: Sales Value (in Million US$), 2016 & 2021
Figure 20: Global: Solar Farm (Commercial) Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 21: Global: Solar Farm (Industrial) Market: Sales Value (in Million US$), 2016 & 2021
Figure 22: Global: Solar Farm (Industrial) Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 23: North America: Solar Farm Market: Sales Value (in Million US$), 2016 & 2021
Figure 24: North America: Solar Farm Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 25: United States: Solar Farm Market: Sales Value (in Million US$), 2016 & 2021
Figure 26: United States: Solar Farm Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 27: Canada: Solar Farm Market: Sales Value (in Million US$), 2016 & 2021
Figure 28: Canada: Solar Farm Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 29: Asia-Pacific: Solar Farm Market: Sales Value (in Million US$), 2016 & 2021
Figure 30: Asia-Pacific: Solar Farm Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 31: China: Solar Farm Market: Sales Value (in Million US$), 2016 & 2021
Figure 32: China: Solar Farm Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 33: Japan: Solar Farm Market: Sales Value (in Million US$), 2016 & 2021
Figure 34: Japan: Solar Farm Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 35: India: Solar Farm Market: Sales Value (in Million US$), 2016 & 2021
Figure 36: India: Solar Farm Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 37: South Korea: Solar Farm Market: Sales Value (in Million US$), 2016 & 2021
Figure 38: South Korea: Solar Farm Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 39: Australia: Solar Farm Market: Sales Value (in Million US$), 2016 & 2021
Figure 40: Australia: Solar Farm Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 41: Indonesia: Solar Farm Market: Sales Value (in Million US$), 2016 & 2021
Figure 42: Indonesia: Solar Farm Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 43: Others: Solar Farm Market: Sales Value (in Million US$), 2016 & 2021
Figure 44: Others: Solar Farm Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 45: Europe: Solar Farm Market: Sales Value (in Million US$), 2016 & 2021
Figure 46: Europe: Solar Farm Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 47: Germany: Solar Farm Market: Sales Value (in Million US$), 2016 & 2021
Figure 48: Germany: Solar Farm Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 49: France: Solar Farm Market: Sales Value (in Million US$), 2016 & 2021
Figure 50: France: Solar Farm Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 51: United Kingdom: Solar Farm Market: Sales Value (in Million US$), 2016 & 2021
Figure 52: United Kingdom: Solar Farm Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 53: Italy: Solar Farm Market: Sales Value (in Million US$), 2016 & 2021
Figure 54: Italy: Solar Farm Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 55: Spain: Solar Farm Market: Sales Value (in Million US$), 2016 & 2021
Figure 56: Spain: Solar Farm Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 57: Russia: Solar Farm Market: Sales Value (in Million US$), 2016 & 2021
Figure 58: Russia: Solar Farm Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 59: Others: Solar Farm Market: Sales Value (in Million US$), 2016 & 2021
Figure 60: Others: Solar Farm Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 61: Latin America: Solar Farm Market: Sales Value (in Million US$), 2016 & 2021
Figure 62: Latin America: Solar Farm Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 63: Brazil: Solar Farm Market: Sales Value (in Million US$), 2016 & 2021
Figure 64: Brazil: Solar Farm Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 65: Mexico: Solar Farm Market: Sales Value (in Million US$), 2016 & 2021
Figure 66: Mexico: Solar Farm Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 67: Others: Solar Farm Market: Sales Value (in Million US$), 2016 & 2021
Figure 68: Others: Solar Farm Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 69: Middle East and Africa: Solar Farm Market: Sales Value (in Million US$), 2016 & 2021
Figure 70: Middle East and Africa: Solar Farm Market: Breakup by Country (in %), 2021
Figure 71: Middle East and Africa: Solar Farm Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 72: Global: Solar Farm Industry: SWOT Analysis
Figure 73: Global: Solar Farm Industry: Value Chain Analysis
Figure 74: Global: Solar Farm Industry: Porter's Five Forces Analysis

List of Tables

Table 1: Global: Solar Farm Market: Key Industry Highlights, 2021 and 2027
Table 2: Global: Solar Farm Market Forecast: Breakup by Type (in Million US$), 2022-2027
Table 3: Global: Solar Farm Market Forecast: Breakup by End Use Industry (in Million US$), 2022-2027
Table 4: Global: Solar Farm Market Forecast: Breakup by Region (in Million US$), 2022-2027
Table 5: Global: Solar Farm Market: Competitive Structure
Table 6: Global: Solar Farm Market: Key Players


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