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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