North America Solar Energy Market Key Industry Development
And Competitive Analysis Till 2022- 2030
The North
America solar energy market is expected to grow from US$ 30,681.70 million
in 2022 to US$ 73,365.40 million by 2030. It is estimated to grow at a CAGR of
11.5% from 2022 to 2030.
North America Solar
Energy Market Overview
The evolution of the energy system following the Paris
Agreement, launched in 2015 and entered into force in 2016, has fueled the
application of renewable energy sources to reduce carbon emissions. A key
contributor of GHG (greenhouse gas) emissions that lead to climate change is
power generation using fossil fuels. The utilization of solar energy is
increasing due to rising concern towards more sustainable and green energy
alternatives, growing climate change concerns, and government initiatives
towards boosting the usage of renewable energy across the globe. Governments of
various nations are realizing the significance of switching to renewable
sources to meet the future low to zero carbon emission targets.
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North America Solar
Energy Market Segmentation
The North America solar energy market is segmented into
technology, application, end user, and country.
Based on technology, the North America solar energy market
is segmented into photovoltaic systems and concentrated solar power systems.
The photovoltaic systems segment held a larger share of the North America solar
energy market in 2022. The photovoltaic systems is further sub segmented into
monocrystalline, polycrystalline, and others. The concentrated solar power
systems is further sub segmented into linear concentrator, dish/engine, and
power tower systems.
Based on application, the North America solar energy market
is segmented into electricity generation, heating, and others. The electricity
generation segment held the largest share of the North America solar energy
market in 2022.
North America Solar
Energy Strategic Insights
Strategic insights for the North America Solar Energy
provides data-driven analysis of the industry landscape, including current
trends, key players, and regional nuances. These insights offer actionable
recommendations, enabling readers to differentiate themselves from competitors
by identifying untapped segments or developing unique value propositions.
Leveraging data analytics, these insights help industry players anticipate the
market shifts, whether investors, manufacturers, or other stakeholders. A
future-oriented perspective is essential, helping stakeholders anticipate
market shifts and position themselves for long-term success in this dynamic
region. Ultimately, effective strategic insights empower readers to make
informed decisions that drive profitability and achieve their business
objectives within the market.
Market leaders and
key company profiles :
·
Abengoa SA
·
Acciona SA
·
ADT Solar LLC
·
Canadian Solar Inc
·
First Solar Inc
·
Heliogen Inc
·
JinkoSolar Holding Co Ltd
·
Kelvin Energy Inc
·
NextEra Energy Inc
·
Trina Solar Co Ltd
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