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On the back of growing population and economic development around the world combined with rising energy demand among residential, commercial and public services, and transport sector, the global DG Ground-mounted Solar PV market is estimated to witness exuberant growth over the forecast period, i.e., 2020-2028. According to IEA (International Energy Agency), the worldwide energy demand grew by 4% (900TWh) in 2018. In the same year, the estimation of total electricity production across the globe was attained through coal and natural gas, with coal contributing to 25.6% and natural gas with 27.9% of the total production. Additionally, there is a rising demand for clean, sustainable and eco-friendly energy generation due to increased concerns pertaining to rise in CO2 emissions from energy generation.

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With the rapid growth of industrial and residential sector and increase in demand for heating and cooling from among the global population due to climate change, heavy demand for electricity has arisen from across almost every region in the world which is estimated to increase the demand for energy and contribute to the growth of the market over the forecast period (2019-2028). International Energy Agency (IEA) had stated in its report that the average growth rate of energy consumed globally grew by 2.3% in 2018 and had almost doubled since 2010. It also states that the worldwide energy demand grew by 4% (900 TWh) in 2018. Industrial segment consumed highest amount of energy of about 8945 TWh in 2017 as compared to 8699 TWh in 2016. Additionally, residential sector consumed about 5775 TWh in 2017 as compared to 5680 TWh of energy in the year 2016. Moreover, CO2 emissions arising from production of energy had registered an increase of 1.7% with emission levels of CO2 reaching 33 Gigatonnes.

Some of the global players in this DG Ground-mounted Solar PV Market are:

• Jinko Solar
• SunPower
• JA Solar
• Trina Solar
• Yingli
• Canadian Solar

Several sectors have witnessed high levels of energy consumption globally, with the industrial segment consuming the highest of about 8945 TWh in the year 2017 as compared to 8699 TWh of energy consumed in 2016.). Moreover, International Energy Agency (IEA) had also mentioned in its report that in 2018, the average growth rate of energy consumption had almost doubled since 2010 and grew by 2.3% in 2018. Additionally, CO2 emission levels arising from production of energy had recorded an increase of 1.7% reaching about 33 Gigatonnes. Many governments across the world have introduced stringent policies and regulations for reducing carbon emissions that is destroying the environment.

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To provide better understanding of internal and external marketing factors, the multi-dimensional analytical tools such as SWOT and PESTEL analysis have been implemented in the global DG Ground-mounted Solar PV market report. Moreover, the report consists of market segmentation, CAGR (Compound Annual Growth Rate), BPS analysis, Y-o-Y growth (%), Porter’s five force model, absolute $ opportunity and anticipated cost structure of the market.

About CRIFAX

CRIFAX is driven by integrity and commitment to its clients and provides cutting-edge marketing research and consulting solutions with a step-by-step guide to accomplish their business prospects. With the help of our industry experts having hands on experience in their respective domains, we make sure that our industry enthusiasts understand all the business aspects relating to their projects, which further improves the consumer base and the size of their organization. We offer wide range of unique marketing research solutions ranging from customized and syndicated research reports to consulting services, out of which, we update our syndicated research reports annually to make sure that they are modified according to the latest and ever-changing technology and industry insights. This has helped us to carve a niche in delivering ‘distinctive business services’ that enhanced our global clients’ trust in our insights and helped us to outpace our competitors as well.

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The growth of the Europe Solar Cable Systems Market is anticipated to observe a moderate phase, with various efforts initiated by governments across the region by framing energy policies that are encouraging the movement towards alternative and clean energy solutions. The targets of achieving the Sustainable Development Goals adopted by the United Nations (UN) in September 2015 is pushing the nations in the region to reduce the consumption of fossil fuels and work on producing alternative sources of energy by achieving the targets set by UN by 2030. The consumption of primary energy has increased only by a small percentage to 2050.7 million tonnes per oil equivalent in 2018. The region imports about 55 percent of its energy use as of 2017. About 30 percent of the total EU energy production comes from Renewable Energy, which is the highest share of production as of 2017. As of 2018, 4077.3 TWh of fuel-based electricity was generated as compared to about 4061.8 TWh generated in 2017.

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During the period between 2007 and 2017, Carbon dioxide (CO2) emissions recorded a growth rate of -1.5 percent and a growth rate of about -1.6 percent was recorded for the year 2018. The region of Europe had contributed to about 12.5 percent of the world’s share of CO2 emissions in the year 2018. Since the past decade, the EU region has witnessed a decline in the coal production.

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Moreover, a decline in energy emissions by about 1.3 percent was observed in the year 2018. The region has been moving towards adoption of lower-carbon energy sources considering the effects of climate change and environment. Europe has been importing about 53-55 percent of energy for consumption in the past few years. The improvements in energy efficiency including using Renewable Energy sources such as hydro, wind power is predicted to drive the growth of the market over the forecast period.

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To provide better understanding of internal and external marketing factors, the multi-dimensional analytical tools such as SWOT and PESTEL analysis have been implemented in the Europe Solar Cable Systems Market. Moreover, the report consists of market segmentation, CAGR (Compound Annual Growth Rate), BPS analysis, Y-o-Y growth (%), Porter’s five force model, absolute $ opportunity and anticipated cost structure of the market.

About CRIFAX

CRIFAX is driven by integrity and commitment to its clients and provides cutting-edge marketing research and consulting solutions with a step-by-step guide to accomplish their business prospects. With the help of our industry experts having hands on experience in their respective domains, we make sure that our industry enthusiasts understand all the business aspects relating to their projects, which further improves the consumer base and the size of their organization. We offer wide range of unique marketing research solutions ranging from customized and syndicated research reports to consulting services, out of which, we update our syndicated research reports annually to make sure that they are modified according to the latest and ever-changing technology and industry insights. This has helped us to carve a niche in delivering ‘distinctive business services’ that enhanced our global clients’ trust in our insights and helped us to outpace our competitors as well.

More Related Report: