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Ground Mounted Solar PV Market Share

Report ID: GMI7960
Published Date: Jan 2024
Report Format: PDF

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Ground Mounted Solar PV Market Share

Partnerships and agreements between technology providers and solar developers facilitate the integration of cutting-edge technologies into ground-mounted solar PV projects. Mergers, acquisitions, and partnerships provide companies with an opportunity to expand their market presence globally. Access to new markets and partnerships with local players enhance the reach of ground-mounted solar PV projects.

Ground Mounted Solar PV Market Companies

Eminent players operating in the ground mounted solar PV industry are:

Jinko Solar
First Solar
REC Solar Holdings AS
CsunSolarTech
Solaria Corporation
LG Electronics
Yingli Solar
Renesola
SunPower Corporation
Risen Energy Co., Ltd.
Vikram Solar Ltd.
Su-vastika Solar
Versolsolar Hangzhou Co., Ltd.
Clenergy
SOLTEC
Arctech
UNIRAC

Authors: Ankit Gupta, Srishti Agarwal

Frequently Asked Questions (FAQ) :

The market valuation of ground mounted solar PV was worth more than USD 102 billion in 2023 and is anticipated to surpass USD 156 million by 2032, owing to the continuous decrease in the cost of solar panels and related components, coupled with growing focus on utility-scale solar projects.

The utility segment will cross more than USD 83 billion by 2032, on the account of increasing emphasis on environmental sustainability in line with investment in clean energy with the aim in reduction of carbon footprints.

North America ground mounted solar PV market will record more than 5.5% CAGR from 2024 to 2032, owing to continuous technological advancements in solar PV technology, along with regional commitments to energy transition and decarbonization.

Jinko Solar, First Solar, REC Solar Holdings AS, CsunSolarTech, Solaria Corporation, LG Electronics, Yingli Solar, Renesola, SunPower Corporation, Risen Energy Co., Ltd., Vikram Solar Ltd., Su-vastika Solar, Versolsolar Hangzhou Co., Ltd., Clenergy, SOLTEC, Arctech, and UNIRAC.