North America Ground Photovoltaic Power Station Market was valued at USD 18 Billion in 2022 and is projected to reach USD 35 Billion by 2030, growing at a CAGR of 8.5% from 2024 to 2030.
The North American ground photovoltaic power station market has witnessed exponential growth in recent years, driven by an increasing demand for renewable energy sources and the growing need for sustainable solutions. Photovoltaic (PV) power stations, commonly known as solar farms, are being developed to harness solar energy in large-scale ground-mounted systems. These installations are proving to be critical in meeting the region’s energy needs while aligning with environmental sustainability goals. The rise of these power stations is in response to the industry's demand for more efficient energy sources, coupled with advancements in solar technology and decreasing installation costs.
One of the most significant applications of ground-mounted solar power stations in North America is in utility-scale electricity generation. These systems are ideal for providing clean, reliable, and low-cost energy to the grid. The rising awareness about climate change and government incentives have spurred the demand for large-scale solar projects across both the private and public sectors. Additionally, businesses and industries are increasingly adopting these solar solutions to offset their carbon footprints and achieve sustainability targets.
The North American market’s requirement from industries includes efficient land use for solar installations, the need for scalable energy solutions, and integration with existing grid infrastructure. With the rise in corporate sustainability goals, many industries are looking to solar energy to provide a reliable and clean energy source. Additionally, industries seek to benefit from long-term cost savings and reduce dependence on fossil fuels. As such, the market is also experiencing a surge in interest from sectors such as agriculture, real estate, and energy, all of which see the long-term benefits of ground photovoltaic installations.
The economic factors contributing to the growth of the market include the reduction in solar panel prices, which have made it more affordable to install large-scale systems. With increased investment in solar technology research and development, solar power is expected to remain an increasingly viable option for utility providers and industries alike. This trend highlights the continued importance of the North America ground photovoltaic power station market as a key player in the renewable energy sector.
North America Ground Photovoltaic Power Station Market
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DOSH
Raysteeds Energy Private Limited
Mibet
ACCIONA Energy
UNIEX New Energy
Sungrow Power
SHAREPOWER
CHINT
Trina Solar
YSTC Renewable Energy
Jinko Solar
JA Solar
CLEAN ENERGY CUBE
By the year 2030, the scale for growth in the market research industry is reported to be above 120 billion which further indicates its projected compound annual growth rate (CAGR), of more than 5.8% from 2023 to 2030. There have also been disruptions in the industry due to advancements in machine learning, artificial intelligence and data analytics There is predictive analysis and real time information about consumers which such technologies provide to the companies enabling them to make better and precise decisions. The Asia-Pacific region is expected to be a key driver of growth, accounting for more than 35% of total revenue growth. In addition, new innovative techniques such as mobile surveys, social listening, and online panels, which emphasize speed, precision, and customization, are also transforming this particular sector.
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Growing demand for below applications around the world has had a direct impact on the growth of the North America Ground Photovoltaic Power Station Market
Mountain
Desert
Coastal Beaches
Based on Types the Market is categorized into Below types that held the largest Ground Photovoltaic Power Station market share In 2023.
Crystalline Silicon Photovoltaic Power Station
Thin Film Photovoltaic Power Station
North America (United States, North America and Mexico)
Europe (Germany, UK, France, Italy, Russia, Turkey, etc.)
Asia-Pacific (China, Japan, Korea, India, Australia, Indonesia, Thailand, Philippines, Malaysia and Vietnam)
South America (Brazil, Argentina, Columbia, etc.)
Middle East and Africa (Saudi Arabia, UAE, Egypt, Nigeria and South Africa)
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1. Introduction of the North America Ground Photovoltaic Power Station Market
Overview of the Market
Scope of Report
Assumptions
2. Executive Summary
3. Research Methodology of Verified Market Reports
Data Mining
Validation
Primary Interviews
List of Data Sources
4. North America Ground Photovoltaic Power Station Market Outlook
Overview
Market Dynamics
Drivers
Restraints
Opportunities
Porters Five Force Model
Value Chain Analysis
5. North America Ground Photovoltaic Power Station Market, By Type
6. North America Ground Photovoltaic Power Station Market, By Application
7. North America Ground Photovoltaic Power Station Market, By Geography
North America
Europe
Asia Pacific
Rest of the World
8. North America Ground Photovoltaic Power Station Market Competitive Landscape
Overview
Company Market Ranking
Key Development Strategies
9. Company Profiles
10. Appendix
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