Global Solar Farm Market is accounted for $73.55 billion in 2020 and is expected to reach $356.28 billion by 2028 growing at a CAGR of 21.8% during the forecast period. Supportive government regulations for use of photovoltaic technology and the adoption of renewable electricity generation methods along with the focus on carbon emission reduction are driving the market growth.
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By geography, Asia Pacific is going to have high growth during the forecast period due to an increase in government initiatives that raise the demand for PV (photovoltaic) energy and distribution of solar lighting systems in rural areas.
Some of the key players profiled in the Solar Farm include BrightSource Energy, Inc, First Solar, Inc, GruppoSTG, Himin Solar Energy, JA Solar Holdings Co., Ltd, Sharp Corporation, Shenzhen Topray Solar Co., Ltd, TATA Power Solar Systems Ltd., Trina Solar, and Wuxi Suntech Power Co. Ltd.
Types Covered in Solar Farm Market
• Distributed Generation
• Microgrids
• Surface Suction
• Utility-Scale
End Users Covered:
• Commercial
• Industrial
• Residential
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