European Solar Power Equipment Market Size, Share and Growth Forecasts to 2027: 10.7% Compound Annual Growth Forecast Throughout 2021-2027 – ResearchAndMarkets.com – Business Wire

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DUBLIN–(BUSINESS WIRE)–The “Europe Solar Power Equipment Market Size, Share & Industry Trends Analysis Report By Equipment, By Application, By Country and Growth Forecast, 2021-2027” report has been added to ResearchAndMarkets.com’s providing.

The Europe Solar Power Equipment Market is predicted to witness market progress of 10.7% CAGR through the forecast interval (2021 2027).

Solar panels are low-maintenance and might final for greater than 30 years. Batteries can be utilized to retailer additional power to be used at night time. Solar energy has additionally benefited industries in bettering their environmental profiles and decreasing their operational bills by permitting them to undertake it. The value of solar gear has decreased because of a big variety of technological developments, making it extra reasonably priced to family shoppers. Additionally, technological enhancements similar to the arrival of good monitoring programs have improved the effectivity of those solar power programs dramatically. Moreover, as fossil gasoline reserves deplete, efficient utilization of renewable energy sources has turn out to be a basic requirement.

In rising markets, new solar power tasks are launched and developed at a fast velocity. The marketplace for solar power gear is prone to profit vastly from higher emphasis on the utilization of environment-friendly and inexperienced energy. All of those components is predicted to drive the solar power gear market.

According to the information shared by the European Commission, solar power already gives a significant contribution to the European energy combine with 3.6 % of EU-28 whole electrical energy technology in 2017. Solar power can turn out to be a significant supply of renewable energy on this area, with decrease technology prices and extra effectivity in changing sunshine to energy. In addition, Photovoltaics concentrated solar power, and solar heating and cooling have gotten the key focus of analysis and growth. Solar-powered options for the technology of home sizzling water, district heating, in addition to industrial or business makes use of are being developed by way of EU analysis and innovation.

As per the Department for Business, Energy, and Industrial Strategy, between 2019 and 2020, a solar technology grew by 4.6%. The largest rise of 5.2% occurred in England, adopted by minor will increase of 1.3% in Wales and by 0.3% in Scotland. These will increase had been fueled by a 1.8% rise in de-rated solar capability throughout the UK compared to 2019, in addition to a slight improve in solar hours inside the county.

The German market dominated the Europe Solar Power Equipment Market by Country in 2020, and is predicted to proceed to be a dominant market until 2027; thereby, reaching a market worth of $11,717 Million by 2027. The UK market is experiencing a CAGR of 11.6% throughout (2021 – 2027). Additionally, the French market is predicted to witness a CAGR of 11.6% throughout (2021 – 2027).

Market Segments Covered within the Report:

By Equipment

  • Solar Panels
  • Mounting, Racking, & Tracking System
  • Storage System

By Application

  • Utility
  • Residential
  • Non-Residential

By Country

  • Germany
  • UK
  • France
  • Russia
  • Spain
  • Italy
  • Rest of Europe

List of Companies Profiled within the Report:

  • Canadian Solar
  • First Solar
  • Hanwha Q CELLS
  • LONGi Green Energy Technology
  • SolarPower
  • Shunfeng International Clean Energy
  • Jinko Solar Holding
  • Trina Solar
  • JA Solar Holdings
  • ABB Group

     

Key Topics Covered:

Chapter 1. Market Scope & Methodology

Chapter 2. Market Overview

2.1 Introduction

2.1.1 Overview

2.1.1.1 Market Composition and Scenario

2.2 Key Factors Impacting the Market

2.2.1 Market Drivers

2.2.2 Market Restraints

Chapter 3. Competition Analysis – Global

3.1 Publisher Cardinal Matrix

3.2 Recent Industry Wide Strategic Developments

3.2.1 Partnerships, Collaborations and Agreements

3.2.2 Product Launches and Product Expansions

3.2.3 Acquisition and Mergers

3.2.4 Business Expansions

3.2.5 Geographical Expansions

3.3 Top Winning Strategies

3.3.1 Key Leading Strategies: Percentage Distribution (2017-2021)

3.3.2 Key Strategic Move: (Product Launches and Product Expansions: 2020, Feb – 2022, Feb) Leading Players

Chapter 4. Europe Solar Power Equipment Market by Equipment

4.1 Europe Solar Panels Market by Country

4.2 Europe Mounting, Racking, & Tracking System Market by Country

4.3 Europe Storage System Market by Country

4.4 Europe Others Market by Country

Chapter 5. Europe Solar Power Equipment Market by Application

5.1 Europe Utility Market by Country

5.2 Europe Residential Market by Country

5.3 Europe Non-Residential Market by Country

Chapter 6. Europe Solar Power Equipment Market by Country

6.1 Germany Solar Power Equipment Market

6.2 UK Solar Power Equipment Market

6.3 France Solar Power Equipment Market

6.4 Russia Solar Power Equipment Market

6.5 Spain Solar Power Equipment Market

6.6 Italy Solar Power Equipment Market

6.7 Rest of Europe Solar Power Equipment Market

Chapter 7. Company Profiles

For extra details about this report go to https://www.researchandmarkets.com/r/axt4jm

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