Distributed Solar Power Generation Market to grow by USD 67.52 Bn by 2026, Increasing investments in renewable energy to boost market growth - Technavio

NEW YORK, Oct. 27, 2022 /PRNewswire/ -- The distributed solar power generation market is expected to grow by USD 67.52 billion at a CAGR of 19.25% during 2021-2026. APAC will be the major growth-generating region with a growth rate of 55%. The distributed solar power generation market segmentation by type (commercial and industrial, residential, and off-grid) and geography (APAC, Europe, North America, South America, and the Middle East and Africa). Request Free Sample Report.

The market is fragmented and the vendors are deploying various organic and inorganic growth strategies to compete in the market. 

The increasing market competition is compelling vendors to implement various growth strategies such as promotional activities and advertising spending to increase the visibility of their services. To remain competitive in the market, some vendors are pursuing inorganic growth strategies such as mergers and acquisitions.

The report analyzes the market's competitive landscape. It offers information on several market vendors, including AUXIN SOLAR Inc., Canadian Solar Inc., E Solar, Enphase Energy Inc., Freedom Solar LLC, General Electric Co, Hanwha Corp., LG Corp., Panasonic Holdings Corp., Schneider Electric SE, Sharp Corp., Silfab Solar Inc., Solar Panels Plus LLC, Sungevity Inc., Tesla Inc., TotalEnergies SE, Trina Solar Co. Ltd., and Trinity Heating & Air Inc.

• Hanwha Corp.: The company offers distributed solar power generation with affiliation with Hanwha solutions and Hanwha Q cells.
• LG Corp.: The company offers distributed solar power generation such as the Neon H series panel and Neon R series panel.
• Panasonic Holdings Corp.: The company offers distributed solar power generation such as overvolt solar module HK series and Evervolt black series.
• Sungevity Inc.: The company offers distributed solar power generation such as floating solar photovoltaics.
• Tesla Inc.: The company offers distributed solar power generation such as Tesla solar panels with Powerwall home battery backup.

Find additional highlights on the growth strategies adopted by vendors and their product offerings, Download Free Sample Report.

One of the factors contributing to the expansion of the distributed solar power generation market is rising investments in renewable energy.  The cost-effectiveness of producing electricity from renewable sources and their low carbon emissions have increased financial support for renewable energy projects all around the world. Due to the implementation of strict emission limits, several European nations, including Norway, Iceland, and Sweden, rely on renewable sources for more than half of their total annual power demand. As a result, investments in the renewable energy sector are increasing, which will boost the market's expansion throughout the course of the forecast period.

The major challenge preventing the market expansion for distributed solar power generation is difficulties with solar PV system components. Several parts of solar PV systems, including inverters and PV modules, are prone to failure. Such failures result in downtime for PV systems and have a substantial impact on the production of electricity using solar PV systems.  Additionally, the standard of the components used will determine how well solar PV modules will operate. Po or durability, the use of substandard materials, and external damage are the major cause of the number of these component failures. These factors are anticipated to hinder market growth during the forecasted period.

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• What was the size of the global distributed solar power generation industry by value?
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Solar Panels Market by End-user, Type, and Geography - Forecast and Analysis 2022-2026: The report extensively covers solar panels market segmentation by end-user (power utilities, commercial, and residential), type (crystalline panel and thin-film panel), and geography (APAC, Europe, North America, the Middle East and Africa, and South America).

Solar PV Tracker Market by Technology, Product, and Geography - Forecast and Analysis 2022-2026: The report extensively covers solar PV tracker market segmentation by product placement (single-axis trackers and dual-axis trackers), technology (solar PV and CSP), and geography (North America, Europe, APAC, South America, and the Middle East and Africa).
 

1 Executive Summary

• 1.1 Market Overview
• Exhibit 01: Executive Summary – Chart on Market Overview
• Exhibit 02: Executive Summary – Data Table on Market Overview
• Exhibit 03: Executive Summary – Chart on Global Market Characteristics
• Exhibit 04: Executive Summary – Chart on Market by Geography
• Exhibit 05: Executive Summary – Chart on Market Segmentation by Type
• Exhibit 06: Executive Summary – Chart on Incremental Growth
• Exhibit 07: Executive Summary – Data Table on Incremental Growth
• Exhibit 08: Executive Summary – Chart on Vendor Market Positioning

2 Market Landscape

• 2.1 Market ecosystem
• Exhibit 09: Parent market
• Exhibit 10: Market Characteristics

3 Market Sizing

• 3.1 Market definition
• Exhibit 11: Offerings of vendors included in the market definition

• 3.2 Market segment analysis 
• Exhibit 12: Market segments

• 3.3 Market size 2021

• 3.4 Market outlook: Forecast for 2021-2026 
• Exhibit 13: Chart on Global - Market size and forecast 2021-2026 ($ million)
• Exhibit 14: Data Table on Global - Market size and forecast 2021-2026 ($ million)
• Exhibit 15: Chart on Global Market: Year-over-year growth 2021-2026 (%)
• Exhibit 16: Data Table on Global Market: Year-over-year growth 2021-2026 (%)

4 Five Forces Analysis

• 4.1 Five forces summary
• Exhibit 17: Five forces analysis - Comparison between 2021 and 2026

• 4.2 Bargaining power of buyers 
• Exhibit 18: Chart on Bargaining power of buyers – Impact of key factors 2021 and 2026

• 4.3 Bargaining power of suppliers 
• Exhibit 19: Bargaining power of suppliers – Impact of key factors in 2021 and 2026

• 4.4 Threat of new entrants 
• Exhibit 20: Threat of new entrants – Impact of key factors in 2021 and 2026

• 4.5 Threat of substitutes 
• Exhibit 21: Threat of substitutes – Impact of key factors in 2021 and 2026

• 4.6 Threat of rivalry
• Exhibit 22: Threat of rivalry – Impact of key factors in 2021 and 2026

• 4.7 Market condition
• Exhibit 23: Chart on Market condition - Five forces 2021 and 2026

5 Market Segmentation by Type

• 5.1 Market segments
• Exhibit 24: Chart on Type - Market share 2021-2026 (%)
• Exhibit 25: Data Table on Type - Market share 2021-2026 (%)

• 5.2 Comparison by Type
• Exhibit 26: Chart on Comparison by Type
• Exhibit 27: Data Table on Comparison by Type

• 5.3 Commercial and industrial - Market size and forecast 2021-2026 
• Exhibit 28: Chart on Commercial and industrial - Market size and forecast 2021-2026 ($ million)
• Exhibit 29: Data Table on Commercial and industrial - Market size and forecast 2021-2026 ($ million)
• Exhibit 30: Chart on Commercial and industrial - Year-over-year growth 2021-2026 (%)
• Exhibit 31: Data Table on Commercial and industrial - Year-over-year growth 2021-2026 (%)

• 5.4 Residential - Market size and forecast 2021-2026 
• Exhibit 32: Chart on Residential - Market size and forecast 2021-2026 ($ million)
• Exhibit 33: Data Table on Residential - Market size and forecast 2021-2026 ($ million)
• Exhibit 34: Chart on Residential - Year-over-year growth 2021-2026 (%)
• Exhibit 35: Data Table on Residential - Year-over-year growth 2021-2026 (%)

• 5.5 Off-grid - Market size and forecast 2021-2026 
• Exhibit 36: Chart on Off-grid - Market size and forecast 2021-2026 ($ million)
• Exhibit 37: Data Table on Off-grid - Market size and forecast 2021-2026 ($ million)
• Exhibit 38: Chart on Off-grid - Year-over-year growth 2021-2026 (%)
• Exhibit 39: Data Table on Off-grid - Year-over-year growth 2021-2026 (%)

• 5.6 Market opportunity by Type 
• Exhibit 40: Market opportunity by Type ($ million)

6 Customer Landscape

• 6.1 Customer landscape overview 
• Exhibit 41: Analysis of price sensitivity, lifecycle, customer purchase basket, adoption rates, and purchase criteria

7 Geographic Landscape

• 7.1 Geographic segmentation 
• Exhibit 42: Chart on Market share by geography 2021-2026 (%)
• Exhibit 43: Data Table on Market share by geography 2021-2026 (%)

• 7.2 Geographic comparison 
• Exhibit 44: Chart on Geographic comparison
• Exhibit 45: Data Table on Geographic comparison

• 7.3 APAC - Market size and forecast 2021-2026 
• Exhibit 46: Chart on APAC - Market size and forecast 2021-2026 ($ million)
• Exhibit 47: Data Table on APAC - Market size and forecast 2021-2026 ($ million)
• Exhibit 48: Chart on APAC - Year-over-year growth 2021-2026 (%)
• Exhibit 49: Data Table on APAC - Year-over-year growth 2021-2026 (%)

• 7.4 Europe - Market size and forecast 2021-2026 
• Exhibit 50: Chart on Europe - Market size and forecast 2021-2026 ($ million)
• Exhibit 51: Data Table on Europe - Market size and forecast 2021-2026 ($ million)
• Exhibit 52: Chart on Europe - Year-over-year growth 2021-2026 (%)
• Exhibit 53: Data Table on Europe - Year-over-year growth 2021-2026 (%)

• 7.5 North America - Market size and forecast 2021-2026 
• Exhibit 54: Chart on North America - Market size and forecast 2021-2026 ($ million)
• Exhibit 55: Data Table on North America - Market size and forecast 2021-2026 ($ million)
• Exhibit 56: Chart on North America - Year-over-year growth 2021-2026 (%)
• Exhibit 57: Data Table on North America - Year-over-year growth 2021-2026 (%)

• 7.6 South America - Market size and forecast 2021-2026 
• Exhibit 58: Chart on South America - Market size and forecast 2021-2026 ($ million)
• Exhibit 59: Data Table on South America - Market size and forecast 2021-2026 ($ million)
• Exhibit 60: Chart on South America - Year-over-year growth 2021-2026 (%)
• Exhibit 61: Data Table on South America - Year-over-year growth 2021-2026 (%)

• 7.7 Middle East and Africa - Market size and forecast 2021-2026 
• Exhibit 62: Chart on Middle East and Africa - Market size and forecast 2021-2026 ($ million)
• Exhibit 63: Data Table on Middle East and Africa - Market size and forecast 2021-2026 ($ million)
• Exhibit 64: Chart on Middle East and Africa - Year-over-year growth 2021-2026 (%)
• Exhibit 65: Data Table on Middle East and Africa - Year-over-year growth 2021-2026 (%)

• 7.8 China - Market size and forecast 2021-2026 
• Exhibit 66: Chart on China - Market size and forecast 2021-2026 ($ million)
• Exhibit 67: Data Table on China - Market size and forecast 2021-2026 ($ million)
• Exhibit 68: Chart on China - Year-over-year growth 2021-2026 (%)
• Exhibit 69: Data Table on China - Year-over-year growth 2021-2026 (%)

• 7.9 Japan - Market size and forecast 2021-2026 
• Exhibit 70: Chart on Japan - Market size and forecast 2021-2026 ($ million)
• Exhibit 71: Data Table on Japan - Market size and forecast 2021-2026 ($ million)
• Exhibit 72: Chart on Japan - Year-over-year growth 2021-2026 (%)
• Exhibit 73: Data Table on Japan - Year-over-year growth 2021-2026 (%)

• 7.10 US - Market size and forecast 2021-2026 
• Exhibit 74: Chart on US - Market size and forecast 2021-2026 ($ million)
• Exhibit 75: Data Table on US - Market size and forecast 2021-2026 ($ million)
• Exhibit 76: Chart on US - Year-over-year growth 2021-2026 (%)
• Exhibit 77: Data Table on US - Year-over-year growth 2021-2026 (%)

• 7.11 Germany - Market size and forecast 2021-2026 
• Exhibit 78: Chart on Germany - Market size and forecast 2021-2026 ($ million)
• Exhibit 79: Data Table on Germany - Market size and forecast 2021-2026 ($ million)
• Exhibit 80: Chart on Germany - Year-over-year growth 2021-2026 (%)
• Exhibit 81: Data Table on Germany - Year-over-year growth 2021-2026 (%)

• 7.12 India - Market size and forecast 2021-2026 
• Exhibit 82: Chart on India - Market size and forecast 2021-2026 ($ million)
• Exhibit 83: Data Table on India - Market size and forecast 2021-2026 ($ million)
• Exhibit 84: Chart on India - Year-over-year growth 2021-2026 (%)
• Exhibit 85: Data Table on India - Year-over-year growth 2021-2026 (%)

• 7.13 Market opportunity by geography 
• Exhibit 86: Market opportunity by geography ($ million)

8 Drivers, Challenges, and Trends

• 8.1 Market drivers

• 8.2 Market challenges

• 8.3 Impact of drivers and challenges 
• Exhibit 87: Impact of drivers and challenges in 2021 and 2026

• 8.4 Market trends

9 Vendor Landscape

• 9.1 Overview

• 9.2 Vendor landscape
• Exhibit 88: Overview on Criticality of inputs and Factors of differentiation

• 9.3 Landscape disruption
• Exhibit 89: Overview on factors of disruption

• 9.4 Industry risks
• Exhibit 90: Impact of key risks on business

10 Vendor Analysis

• 10.1 Vendors covered
• Exhibit 91: Vendors covered

• 10.2 Market positioning of vendors 
• Exhibit 92: Matrix on vendor position and classification

• 10.3 Hanwha Corp.
• Exhibit 93: Hanwha Corp. - Overview
• Exhibit 94: Hanwha Corp. - Product / Service
• Exhibit 95: Hanwha Corp. - Key news
• Exhibit 96: Hanwha Corp. - Key offerings

• 10.4 LG Corp.
• Exhibit 97: LG Corp. - Overview
• Exhibit 98: LG Corp. - Business segments
• Exhibit 99: LG Corp. - Key offerings
• Exhibit 100: LG Corp. - Segment focus

• 10.5 Panasonic Holdings Corp. 
• Exhibit 101: Panasonic Holdings Corp. - Overview
• Exhibit 102: Panasonic Holdings Corp. - Business segments
• Exhibit 103: Panasonic Holdings Corp. - Key news
• Exhibit 104: Panasonic Holdings Corp. - Key offerings
• Exhibit 105: Panasonic Holdings Corp. - Segment focus

• 10.6 Sungevity Inc.
• Exhibit 106: Sungevity Inc. - Overview
• Exhibit 107: Sungevity Inc. - Product / Service
• Exhibit 108: Sungevity Inc. - Key offerings

• 10.7 Sunnova Energy International Inc. 
• Exhibit 109: Sunnova Energy International Inc. - Overview
• Exhibit 110: Sunnova Energy International Inc. - Business segments
• Exhibit 111: Sunnova Energy International Inc. - Key news
• Exhibit 112: Sunnova Energy International Inc. - Key offerings
• Exhibit 113: Sunnova Energy International Inc. - Segment focus

• 10.8 Sunrun Inc.
• Exhibit 114: Sunrun Inc. - Overview
• Exhibit 115: Sunrun Inc. - Business segments
• Exhibit 116: Sunrun Inc. - Key offerings
• Exhibit 117: Sunrun Inc. - Segment focus

• 10.9 Tesla Inc.
• Exhibit 118: Tesla Inc. - Overview
• Exhibit 119: Tesla Inc. - Business segments
• Exhibit 120: Tesla Inc. - Key offerings
• Exhibit 121: Tesla Inc. - Segment focus

• 10.10 TotalEnergies SE
• Exhibit 122: TotalEnergies SE - Overview
• Exhibit 123: TotalEnergies SE - Business segments
• Exhibit 124: TotalEnergies SE - Key news
• Exhibit 125: TotalEnergies SE - Key offerings
• Exhibit 126: TotalEnergies SE - Segment focus

• 10.11 Trina Solar Co. Ltd.
• Exhibit 127: Trina Solar Co. Ltd. - Overview
• Exhibit 128: Trina Solar Co. Ltd. - Business segments
• Exhibit 129: Trina Solar Co. Ltd. - Key offerings
• Exhibit 130: Trina Solar Co. Ltd. - Segment focus

• 10.12 Trinity Heating and Air Inc 
• Exhibit 131: Trinity Heating and Air Inc - Overview
• Exhibit 132: Trinity Heating and Air Inc - Product / Service
• Exhibit 133: Trinity Heating and Air Inc - Key offerings

11 Appendix

• 11.1 Scope of the report

• 11.2 Inclusions and exclusions checklist 
• Exhibit 134: Inclusions checklist
• Exhibit 135: Exclusions checklist

• 11.3 Currency conversion rates for US$ 
• Exhibit 136: Currency conversion rates for US$

• 11.4 Research methodology
• Exhibit 137: Research methodology
• Exhibit 138: Validation techniques employed for market sizing
• Exhibit 139: Information sources

• 11.5 List of abbreviations 
• Exhibit 140: List of abbreviations

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