What is the Global Solar Farm Market Report?

IMARC Group provides an analysis of the key trends in each sub-segment of the global solar farm market report, along with forecasts at the global, regional and country level from 2024-2032. Our report has categorized the market based on type and end use industry.

Are solar farms a key trend in the UK?

Integrating energy storage systems in solar farms is another critical trend in the UK. Energy storage systems, such as batteries, can store excess solar power generated during the day for use when the sun is not shining. The UK's first transmission-connected solar farm, Larks Green, is a prime example of this trend.

Which industry dominates the global solar farm market?

Based on the end use industry, the global solar farm market can be bifurcated into residential, commercial, and industrial. Currently, the commercial industry holds the largest market share. 7. What are the key regions in the global solar farm market?

How big is the solar farm market?

The global solar farm market size was estimated at USD 62.7 billion in 2021 and is expected to reach around USD 267.8 billion by 2030, growing at a CAGR of 17.51% over the forecast period 2022 to 2030. The utility-scale segment is growing at a registered CAGR of 15.7% from 2022 to 2030.

What are the major regional markets for solar farms?

The major regional markets for solar farms are North America, Europe, the Asia Pacific, Latin America, and the Middle East and Africa. The comprehensive EMR report provides an in-depth assessment of the market based on the Porter's five forces model along with giving a SWOT analysis.

Why should we monitor solar farms?

As demand for monitoring grows, so will the number of sites and contributing ecological consultancies, fueling our quest for a deeper understanding of biodiversity on solar farms. Solar Habitat 2024: Ecological Trends on Solar Farms in the UK. The inaugural Solar Habitat report, published in May 2023, marked a pivotal moment in our journey.