Fixed Tilt Solar PV Market Size and Forecasts (2021 - 2031), Global and Regional Share, Trends, and Growth Opportunity Analysis

MARKET OVERVIEW

The major factors driving the growth of the global fixed-tilt solar PV market are the growing demand for solar power generation and government initiatives to use solar energy for power generation. In addition, the growing demand for renewable electricity generation to reduce harmful gas emissions is also expected to significantly impact the growth of the global fixed-tilt solar PV market during the forecast period. The electrification of remote areas and regions in developing countries is expected to increase the demand for fixed-tilt solar photovoltaic equipment during the forecast period. It is mainly due to the many initiatives government agencies are taking to increase access to electricity in remote areas.

MARKET SCOPE

The "Global Fixed tilt solar PV Market Analysis to 2031" is a specialized and in-depth study of the manufacturing and construction industry with a special focus on the global market trend analysis. The report aims to provide an overview of the fixed tilt solar PV market with detailed market segmentation by product technology, application, end user, and geography. The global fixed tilt solar PV market is expected to witness rapid growth during the forecast period. The report provides key statistics on the market status of the leading fixed tilt solar PV market players and offers key trends and opportunities in the market.

MARKET SEGMENTATION

The global fixed tilt solar PV market is segmented by technology, application, and end user.

•   Based on technology, the market is segmented into Crystalline Silicon, Thin Film, Others.
  
•   On the basis of application, the market is segmented into On-grid, Off-grid.
  
•   On the basis of end user, the market is segmented into Household Electricity, Commercial Electricity, Others
  

MARKET DYNAMICS

Drivers:

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•   Factors such as the lower cost of the fixed slope solar system, compared to monitoring the solar system, are likely to drive the market during the forecast period.
  

Restraints:

•   However, the amount of electricity generated by the fixed slope is less than that of the solar tracking system, likely inhibiting market growth in the coming years.
  

REGIONAL FRAMEWORK

The report provides a detailed overview of the industry including both qualitative and quantitative information. It provides an overview and forecast of the global market based on various segments. It also provides market size and forecast estimates from the year 2021 to 2031 with respect to five major regions, namely; North America, Europe, Asia-Pacific (APAC), the Middle East and Africa (MEA), and South America. The automotive connector's market by each region is later sub-segmented by respective countries and segments. The report covers the analysis and forecast of 18 countries globally along with the current trend and opportunities prevailing in the region.

The report analyzes factors affecting the market from both demand and supply side and further evaluates market dynamics affecting the market during the forecast period i.e., drivers, restraints, opportunities, and future trend. The report also provides exhaustive PEST analysis for all five regions namely; North America, Europe, APAC, MEA, and South America after evaluating political, economic, social and technological factors affecting the automotive connector's market in these regions.

IMPACT OF COVID-19

The COVID-19 outbreak has changed the growth forecasts of many industries and companies. Governments of several countries around the world have imposed severe blockades to limit the spread of the coronavirus. The movement of people and economic activities related to goods and services have stopped due to the lockdown. According to the International Energy Agency (IEA), each month of the lockdown reduced electricity demand by an average of 20% per month or more than 1.5% year-over-year. Therefore, the decline in electricity demand is hindering the fixed-tilt solar PV market. However, things are slowly opening up and the restrictions are light, which will help to recover the expected size of the fixed-tilt solar PV market in the coming years.

MARKET PLAYERS

The reports cover key developments in the fixed tilt solar PV market as organic and inorganic growth strategies. Various companies are focusing on organic growth strategies such as product launches, product approvals and others such as patents and events. Inorganic growth strategies activities witnessed in the market were acquisitions and partnership & collaborations. These activities have paved the way for the expansion of business and customer base of market players. The market players from fixed tilt solar PV market are anticipated to lucrative growth opportunities in the future with the rising demand for fixed tilt solar PV in the global market. Below mentioned is the list of few companies engaged in the fixed tilt solar PV market.

The report also includes the profiles of key companies along with their SWOT analysis and market strategies in the fixed tilt solar PV market. In addition, the report focuses on leading industry players with information such as company profiles, components and services offered, financial information of the last three years, the key development in the past five years.

•   Solar FlexRack
  
•   Trina Solar
  
•   Alion Energy, Inc.
  
•   Arctech Solar Holding Co
  
•   Canadian Solar
  
•   First Solar
  
•   SolarCity
  
•   STI Norland
  
•   UNIRAC Inc.
  
•   SHARP CORPORATION
  

The Insight Partner's dedicated research and analysis team consist of experienced professionals with advanced statistical expertise and offer various customization options in the existing study.

Fixed Tilt Solar PV Report Scope