Fixed Tilt Solar PV Market - Global Industry Analysis, Size, Share, Growth, Trends, and Forecast 2018 - 2028
Global Fixed Tilt Solar PV Market: Overview
Fixed tilt type solar PV systems are characterized by tilting the system by a definite angle to facilitate the optimal capture of solar power. Over the past few years, this type of solar PV system found substantial implementation in utility-scale PV in developed and developing countries. Most of them installed in the U.S. were at an angle ranging from 20 to 30 degrees. The evolution of the global fixed tilt solar PV market has gained substantial impetus from the rising application of solar PV systems in the production of renewable energy in various countries across the globe.
Relentless efforts to improve the efficiency and performance of solar PV systems bode well for the global fixed tilt type solar PV market. Large-scale deployment of solar power plants in various parts of the globe will define the contours of the market during 2018–2028.
Global Fixed Tilt Solar PV Market: Notable Developments
Renewable energy investors are spending sizably on new solar PV projects and bolstering production in large projects in developed countries. Several of these developments have taken place in Massachusetts. Numerous such projects are characterized by ground-mounted fixed-tilt solar PV.
Numerous developing regions have been lately witnessing promising prospects in the global fixed tilt solar PV market. Utility companies have started making efforts in updating solar PV projects, taking it to ‘Ready-to-Build’ stage. Etrion Corporation, a Swiss-headquartered utility company, has recently announced update on its Niigata solar project in Japan. The fixed-tilt solar PV power project is expected to start operations by 2021 subject to 3-year development. The solar independent power producer announced recently (April 2019) that it is in the process of completing its civil engineering works, along with all engineering, procurement, and construction contracts. The news bodes well for bringing new avenues in the global fixed tilt solar PV market.
The 45 MW project is likely to start construction in July, 2019. With the necessary permits in place, the Niigata project is likely to double its capacity by 2021. This will create new revenues in the Japan, as well as open lucrative prospects in the overall fixed tilt solar PV market.
Some of the most prominent competitors operating in the competitive landscape of global fixed tilt solar PV market include –
Global Fixed Tilt Solar PV Market: Key Growth Dynamics
The global fixed tilt solar PV market has been containing considerable momentum from the rising demand for solar energy production from PV panels. Pressing need for increasing the renewable energy in the worldwide energy mix has been a potential factor for driving the evolution of the fixed tilt solar PV market.
The fixed tilt solar PV market has gathered a big growth impetus from stringent environmental regulations on the adoption of clean energy. Decline in prices of solar PV cells in some regions over the past few years have also filliped the solar power production, which in turn is boosting the global fixed tilt solar PV market. However, in the light of constantly reducing prices of PV panels, the return on investments for PV project owners have been hampered. This has resulted in single-axis trackers gaining traction.
Nevertheless, advancements in mechanical and electrical design will bolster the performance of solar PV, thus fueling the demand for fixed tilt solar PV.
Global Fixed Tilt Solar PV Market: Regional Assessment
Geographically, Asia Pacific is likely to a potentially lucrative market for fixed tilt solar PV. A large part of the growth in the region comes from substantial production of solar energy from fixed tilt solar PV plants in several of its economies. The demand for fixed tilt solar PV in the region will also be catalyzed by rising awareness about clean energy technologies. In particular, China has risen to prominence in the global fixed tilt solar PV market on account of massive production of PV panels. India is also expected to play a major role in the growth dynamics of the fixed tilt solar PV market.
This study provides a particularized anatomy according to the L.E.A.P mechanism
The regional analysis offers market assays across:
The study, prepared through the L.E.A.P mechanism adds a dimension of infallibility and assures precise information on all the growth dynamics.
Latest Trends and Cardinal Growth Prospects
The study assists in burnishing the knowledge of the stakeholder in terms of the emerging trends. The study provides an expansive coverage on the latest developments and novel profit-yielding sources that augur well with the market. A dedicated and determined team of experts conduct an out-and-out research on diverse aspects to offer ultimate breakthroughs in the market.
Existing and Future Insights in Growth
The interfusion of ubiquitous primary and secondary research through modern tools invites perfection and accuracy in every aspect. Primary research is circumspectly conducted through exhaustive interactions and interviews of experts. These valuable opinions are then neatly inducted in the report to allow the stakeholder for reaping the benefits. A treasure of secondary data is extracted via famed paid sources, yearly estimates and statements, renowned journals, and government documents. These sources assist in creating a robust database comprising existing and subsequent growth dynamics.
Ascensions in Technology
Diverse technological advancements and cutting-edge innovations in the market have been covered in this study to assist the stakeholder in research and development activities. Recent upgrades have also been added in the study, thus helping the stakeholder to paint the strokes of growth on the canvas of the market.
The study presents a plethora of challenges and obstacles that can hinder the growth of the market to allow the stakeholder to prepare their strategies accordingly.
The world ushered in the new decade with the shadow of the COVID-19 pandemic. The outbreak has damaged the growth prospects of several businesses and has crippled the entire economy. The study is in tandem with the changing dynamics of the market due to the SARS-CoV-2 outbreak. The study focuses on the coronavirus pandemic and analyses every aspect that impacts the growth positively or negatively.
An aerial perspective of the regions covered in this study enables the stakeholder to design strategies accordingly. The 360-degree assessment of every aspect associated with growth offers information on a rainbow of growth opportunities available across the market.
The exhaustive study motivates the stakeholder to take the 'LEAP' of faith and achieve success!
This report is the key to questions such as:
What are the prominent factors that will help in reshaping the market growth?
Which trends have the potential to bring expansive growth for the market?
What are the necessary strategies to overcome the ill-effects of the COVID-19 pandemic?
Which regions will emerge as champion growth contributors for the market?
Which aspects will serve as game-changers for the market?
What are the latest innovations in the market?
Which factors will hinder the growth of the market?
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