DG Ground-mounted Solar PV Market Outlook: Industry Overview and Forecast (2024 to 2031)

The "DG Ground-mounted Solar PV Market" is focused on controlling cost, and improving efficiency. Moreover, the reports offer both the demand and supply aspects of the market. The DG Ground-mounted Solar PV market is expected to grow annually by 4.3% (CAGR 2024 - 2031).

This entire report is of 174 pages.

DG Ground-mounted Solar PV Introduction and its Market Analysis

The DG Ground-mounted Solar PV market research report focuses on the specific market conditions of the market segment. DG Ground-mounted Solar PV refers to solar photovoltaic systems installed on the ground for distributed generation. The target market for DG Ground-mounted Solar PV includes residential, commercial, and industrial sectors. Major factors driving revenue growth in this market include government incentives, decreasing cost of solar panels, and increasing environmental awareness. Companies operating in the DG Ground-mounted Solar PV market include GE, Canadian Solar, First Solar, SunPower, Sharp, Solarworld, Eging PV, Kyocera Solar, GCL, Jinko Solar, Trina Solar, JA Solar, Yingli Green Energy, Hanwha, Risen, and Longi Solar. The report's main findings indicate a growing demand for renewable energy sources and provide recommendations for companies to capitalize on this trend by investing in research and development, expanding their product offerings, and forming strategic partnerships to enhance market presence.

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The Ground-mounted Solar PV market is witnessing significant growth, with a variety of types such as Crystalline Silicon and Thin Film being widely adopted. These systems are being used for both Non-residential and Residential applications, offering reliable and sustainable energy solutions.

Regulatory and legal factors play a key role in shaping the market conditions for Ground-mounted Solar PV systems. Specific factors include government incentives and policies, as well as regulations on land use and environmental impact assessments. It is important for stakeholders in the industry to stay informed about these factors in order to make informed decisions and plan for future growth.

Overall, the Ground-mounted Solar PV market is poised for continued expansion, driven by advancements in technology, decreasing costs, and increasing awareness of the benefits of renewable energy. As the market continues to evolve, it will be essential for stakeholders to navigate the regulatory and legal landscape in order to capitalize on the opportunities presented by this growing sector.

Top Featured Companies Dominating the Global DG Ground-mounted Solar PV Market

The DG ground-mounted solar PV market is a rapidly growing sector in the renewable energy industry, with various companies vying for market share. Some key players in the market include GE, Canadian Solar, First Solar, SunPower, Sharp, Solarworld, Eging PV, Kyocera Solar, GCL, Jinko Solar, Trina Solar, JA Solar, Yingli Green Energy, Hanwha, Risen, and Longi Solar.

These companies offer a range of products and services in the DG ground-mounted solar PV market, including solar panels, inverters, mounting systems, and installation services. They use innovative technologies and efficient manufacturing processes to produce high-quality solar products that are cost-effective and environmentally friendly.

GE, for example, offers a range of solar solutions for residential, commercial, and industrial applications. Canadian Solar is a leading manufacturer of solar panels, while First Solar focuses on utility-scale solar projects. SunPower is known for its high-efficiency solar panels, and Sharp offers a range of solar products for residential and commercial customers.

These companies play a crucial role in growing the DG ground-mounted solar PV market by providing reliable and cost-effective solar solutions to customers. They help to drive down the cost of solar energy and increase the adoption of solar power worldwide.

In terms of sales revenue, Canadian Solar reported revenues of $ billion in 2020, while First Solar reported revenues of $2.73 billion in the same year. SunPower reported revenues of $1.11 billion in 2020, while Sharp reported revenues of $18.12 billion in the same year. These companies continue to invest in research and development to further improve their solar products and expand their market presence.

• GE
• Canadian Solar
• First Solar
• SunPower
• Sharp
• Solarworld
• Eging PV
• Kyocera Solar
• GCL
• Jinko Solar
• Trina Solar
• JA Solar
• Yingli Green Energy
• Hanwha
• Risen
• Longi Solar

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DG Ground-mounted Solar PV Market Analysis, by Type:

• Crystalline Silicon
• Thin Film

Crystalline Silicon and Thin Film are the two main types of DG ground-mounted solar PV systems. Crystalline Silicon panels are more efficient and have a longer lifespan, while Thin Film panels are more lightweight and flexible. Both types help in boosting the demand for DG ground-mounted solar PV market by providing a wide range of options for customers, increasing the overall efficiency and reliability of the system, and contributing to the reduction of energy costs and carbon emissions. Additionally, their versatility and adaptability make them ideal for various geographical locations and installation requirements, further driving the growth of the market.

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DG Ground-mounted Solar PV Market Analysis, by Application:

• Non-residential
• Residential

DG Ground-mounted Solar PV systems are widely used in both non-residential and residential settings for generating clean and renewable electricity. In non-residential applications, these systems are ideal for businesses, industries, and institutions looking to reduce their energy costs and carbon footprint. In residential settings, DG ground-mounted solar PV systems are perfect for homeowners looking to save on electricity bills and increase the value of their properties.

The fastest growing application segment in terms of revenue is non-residential, particularly for large-scale commercial and industrial installations. This is due to the increasing demand for sustainable energy solutions and the potential for cost savings in the long run.

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DG Ground-mounted Solar PV Industry Growth Analysis, by Geography:

North America:

• United States


• Canada

Europe:

• Germany


• France


• U.K.


• Italy


• Russia

Asia-Pacific:

• China


• Japan


• South Korea


• India


• Australia


• China Taiwan


• Indonesia


• Thailand


• Malaysia

Latin America:

• Mexico


• Brazil


• Argentina Korea


• Colombia

Middle East & Africa:

• Turkey


• Saudi


• Arabia


• UAE


• Korea

The DG Ground-mounted Solar PV market is expected to experience significant growth in all regions, with North America (NA), Asia-Pacific (APAC), Europe, the United States (USA), and China leading the way. NA and APAC are expected to dominate the market, each holding approximately 30% market share. Europe is also expected to play a significant role with approximately 20% market share. The USA and China are expected to have around 15% and 10% market share, respectively. Overall, the DG Ground-mounted Solar PV market is projected to see substantial growth in all regions, with NA and APAC leading the way in market dominance.

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