Sunny days: As tax credits remain in effect, demand for solar farms is expected to continue rising
Solar Farm Developers The Solar Farm Developers industry has expanded over the five years to 2018. Demand for construction of utility-scale solar power projects has skyrocketed thanks in large part to substantial government assistance. Developers have experienced rising profit margins as a result of heavy demand for solar energy. In general, solar panel prices have been declining sharply in recent years in light of excess supply. Industry revenue growth is expected to expand over the next five years, but will do so at a slower pace compared to the previous five-year period as a result of slowing demand for solar power generation on the utility-scale level. Growth will continue due to technological advancements in solar panel construction that will lead to a greater supply of low-cost panels.
This industry comprises establishments that primarily install and construct solar power grid systems, known as solar farms, on a utility scale. The work performed within the industry may include new work, reconstruction, rehabilitation and repairs. Excluded from this industry are establishments that focus on residential and commercial solar power systems.
This report covers the scope, size, disposition and growth of the industry including the key sensitivities and success factors. Also included are five year industry forecasts, growth rates and an analysis of the industry key players and their market shares.
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131 pages •
By Asia Market Information & Development Company
• Aug 2021
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