Solar Energy Market Research News

Faster RE Adoption Can Cut Power Gen Cost by 50% by 2050: Wärtsilä

Electricity production costs could be reduced by up to 50% by 2050 if countries and states adopt 100% renewable systems faster than currently planned, reports a new study by Wärtsilä. The technology group has issued the ‘Front-Loading Net Zero’ report ahead of COP26, the UN’s Climate Change Conference to be held in Glasgow this autumn, […]

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Rooftop Solar to Supply 25-49% of Global Electricity Needs by 2050: Study

Owing to improved deployment capability and reduced costs, rooftop solar photovoltaics (PV) technology, such as roof mounted solar panels used in home, commercial and industrial buildings, is currently the fastest deployable electricity generation technology. According to a new report, it is projected to supply 25–49% of global electricity needs by 2050. Despite these predictions, a […]

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Global Solid State Transformer Market to be Worth Over $1200 M by 2027

The global solid state transformer (SST) market is likely to register a revenue of $1,246.4 million by 2027, at a CAGR of 26.0% during the forecast period from 2020 to 2027, finds new analysis by Research Dive. The report provides a brief summary of the current market scenario comprising major aspects of the market such […]

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Developing Energy Storage Key for India’s Decarbonisation, finds Study

In order to achieve its target of 450 GW of wind and solar by 2030, India’s wind and solar capacity must grow 20% year-over-year between 2022 and 2030. Developing energy storage is a key avenue for increasing India’s power system flexibility and the share of renewables and ultimately enabling India’s decarbonisation, finds a new study by the […]

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Asia Held 92% Share in Global PV Module Production in 2020: Report

The recently published Photovoltaics Report, produced under Dr. Simon Philipps (Fraunhofer ISE) and Werner Warmuth (PSE Projects GmbH), explores key details about the photovoltaics manufacturing sector at the end of 2020 in Germany, the European Union and worldwide, including Asia. The Fraunhofer Institute for Solar Energy Systems ISE, supported by PSE Projects GmbH, has been […]

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C&I Rooftop to Add 1875 MW Solar Capacity in India in 2021: IEEFA, JMK

India’s commercial and industrial (C&I) segment in calendar year 2021 is estimated to grow by 47% on a year-over-year basis to add 1,875 MW of new capacity, shows a new report published by Institute for Energy Economics and Financial Analysis (IEEFA) and JMK Research. The report titled “Emerging technology trends in the C&I rooftop solar market in […]

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Global Solar Lighting Systems Market to Reach $11.2 Billion by 2026

A research report published by Global Industry Analysts Inc., (GIA) makes the prediction that the global solar lighting market will reach $11.2 billion by 2026. The global market for Solar Lighting Systems is estimated at US $ 5.5 Billion in the year 2020. Thus, the revised size of US$11.2 Billion by 2026 will entail growing […]

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Woodmac Predicts Low Solar Achievement Rates for India By 2030

Market Research firm Wood Mackenzie (Woodmac) says that Asia Pacific solar photovoltaic (PV) capacity could triple to 1,500 gigawatts (GW) by 2030.   China To Remain Leader   Even as China will remain leader in the region, woodmac says low completion rates in India mean the country will miss its 100 GW solar target for 2022, […]

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Expect 6 Lakh H2 Fuel Cell Buses to Run by 2035 : Information Trends

Close to 600 thousand hydrogen fuel cell buses and minibuses will be in service by 2035, according to a market research study published by Information Trends. The study, “Global Market for Hydrogen Fuel Cell Buses,” covers hydrogen buses and other public road transportation vehicles. Hydrogen buses have been the primary driver of the fuel cell […]

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