Europe Distributed Solar Power Generation Market
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Europe Distributed Solar Power Generation Market, By Solar Module (Monocrystalline, Polycrystalline, Cadmium Telluride, Amorphous Silicon); By Type (Rooftops, Ground-Mounted); By End Use (Residential, Commercial, Industrial); By Country (Germany, United Kingdom, Italy, France, Spain, Belgium, Russia, the Netherlands, Rest of Europe), Trend Analysis, Competitive Landscape & Forecast, 2019–2030
- Published Date: February 2024
- Report ID: BWC24136
- Available Format: PDF
- Page: 200
Report Overview
Growing inclination towards renewable energy for power generation, the absence of efficient and dependable central grids, and the presence of favorable economic conditions drive the growth of the Europe Distributed Solar Power Generation Market during the forecast period between 2024 and 2030.Europe Distributed Solar Power Generation Market – Industry Trends & Forecast Report, 2030
Europe Distributed Solar Power Generation Market size was estimated at USD 39.08 billion in 2023. During the forecast period between 2024 and 2029, the size of Europe Distributed Solar Power Generation Market is projected to grow at a CAGR of 6.57% reaching a value of USD 57.25 billion by 2030. The United Kingdom, Sweden, and the Netherlands have witnessed significant growth in distributed solar installations, with the UK experiencing growth in solar power facilities during Q1 2020. Solar PV with a capacity of 0–4kW exhibited the highest growth during the period. Major drivers for the market include growing environmental concerns, government incentives, and tax benefits for solar panel installation, as well as the high cost of grid expansion. Technological advancements leading to reduced manufacturing costs and increased efficiency in solar panels contribute to the market growth.
Distributed Solar Power Generation – Overview
Distributed solar power generation refers to the decentralized production of electricity from solar energy, where photovoltaic panels are installed on rooftops, residential, and commercial spaces. The approach enables the generation of clean and renewable energy at the point of consumption, reducing dependence on centralized power plants and minimizing transmission losses. Distributed solar systems contribute to environmental sustainability, enhance energy resilience, and empower individuals and businesses to generate their power. The decentralized model also promotes grid stability and supports the transition toward a more sustainable and resilient energy infrastructure.
Europe Distributed Solar Power Generation Market
Growth Drivers
Rising Investments in Solar Power Generation
Amid increasing investments in renewable energy, the Europe Distributed Solar Power Generation Market is experiencing robust growth. The market is buoyed by the substantial cost savings in power production and minimal fossil fuel byproducts, stemming from sustainable sources. Notably, sustainable power sector investments claimed a significant market share from 2018 to 2021. Moreover, numerous European nations, such as Norway, Iceland, and Sweden, witness over 50% of their annual power demand met by renewable energy. These compelling dynamics forecast a sustained market expansion, making increased investments a pivotal driver during the forecast period.
Challenges
Enhancing Reliability
Europe Distributed Solar Power Generation Market is poised for a transformative surge as challenges posed by component failures are mitigated. The reliability of solar PV modules and inverters, crucial components prone to failure, is being revolutionized. Downtime caused by these failures, with substantial implications for power generation, is now being addressed. Emphasis on quality components ensures optimal performance, reducing the impact of poor durability and external damage. Also, advancements are extending the design life of inverters, overcoming the two-decade limitation. The concerted effort to enhance reliability is expected to propel the Europe Distributed Solar Power Generation Market over the forecast period.
Impact of Escalating Geopolitical Tensions on Europe Distributed Solar Power Generation Market
Rising geopolitical tensions are significantly influencing the Europe Distributed Solar Power Generation Market. The region's solar market is experiencing fluctuations due to uncertainties linked to geopolitical events. Notably, incidents like political disputes affecting energy supply chains have disrupted the market dynamics. Additionally, trade tensions and diplomatic conflicts have led to fluctuating investment patterns, impacting the growth trajectory of the distributed solar power sector in Europe. Geopolitical tensions, such as Russia-Ukraine war, pose a threat to the stability and development of the renewable energy market, hindering its growth potential. As a consequence, stakeholders in the industry are closely monitoring the geopolitical dynamics to navigate the evolving landscape and mitigate potential risks.
Europe Distributed Solar Power Generation Market
Segmental Coverage
Europe Distributed Solar Power Generation Market – By Solar Module
Based on solar module, Europe Distributed Solar Power Generation Market is divided into Monocrystalline, Polycrystalline, Cadmium Telluride, and Amorphous Silicon segments. The monocrystalline segment dominates the market, surpassing other segments such as polycrystalline, cadmium telluride, and amorphous silicon. The monocrystalline solar technology holds a prominent position, reflecting its higher efficiency and performance compared to other alternatives in the market. As the preferred choice among consumers and industries, monocrystalline solar panels contribute significantly to the region's solar power generation landscape, emphasizing their pivotal role in driving sustainable energy solutions across Europe.
Europe Distributed Solar Power Generation Market – By Type
Based on type, Europe Distributed Solar Power Generation Market is divided into Rooftops and Ground-Mounted segments. The rooftop segment is a larger type, indicating a significant preference for solar power generation on building structures. The trend reflects a notable emphasis on harnessing solar energy from existing rooftops, contributing substantially to the region's distributed solar power landscape.
Europe Distributed Solar Power Generation Market – By End Use
By end use, Europe Distributed Solar Power Generation Market is divided into Residential, Commercial, and Industrial segments. The commercial segment emerges as the largest end use segment, showcasing substantial growth and significant market share. With increasing adoption and demand in commercial settings, the segment plays a pivotal role in shaping the landscape of distributed solar power generation in Europe. Its prominence highlights the expanding influence of solar energy solutions in commercial establishments, underscoring a key trend in the region's renewable energy market.
Europe Distributed Solar Power Generation Market – By Country
Based on country, Europe Distributed Solar Power Generation Market is divided into Germany, United Kingdom, Italy, France, Spain, Belgium, Russia, the Netherlands, and Rest of Europe. Germany accounts for the highest market share, leading the way in harnessing solar energy. Other key European countries, including the UK, Italy, France, Spain, Belgium, Russia, and the Netherlands, encompassing in the Rest of Europe. Germany's robust presence underscores its significant contributions to the advancement and adoption of distributed solar power generation technologies across the continent. The collaborative efforts of these nations collectively shape the dynamic and evolving solar energy market in Europe.
Competitive Landscape
Major players in the Europe Distributed Solar Power Generation Market include Suntech Power Holdings Co. Ltd, First Solar Inc., Yingli Energy Development Co., Ltd, Trina Solar Limited, Sharp Solar Energy Solutions Group, Canadian Solar Inc., and Tesla Inc. To further enhance their market share, these companies employ various strategies, including mergers and acquisitions, partnerships, joint ventures, license agreements, and new product launches.
Recent Developments
-
In October 2020 - Amazon commenced the operation of the solar system on its largest European warehouse in Essex, United Kingdom. The roof is made up of 11,500 solar panels, which would be able to produce 2,700-megawatt-hours of electricity per year, enough to power 700 homes/year.
Scope of Report
Attributes |
Details |
Years Considered |
Historical Data – 2019–2023 |
Base Year – 2023 |
|
Estimated Year – 2024 |
|
Forecast Period – 2024–2030 |
|
Facts Covered |
Revenue in USD Billion |
Market Coverage |
Germany, UK, Italy, France, Spain, Belgium, Russia, The Netherlands, Rest of Europe |
Product/Service Segmentation |
Solar Module, Type, End Use, Country |
Key Players |
Suntech Power Holdings Co. Ltd, First Solar Inc., Yingli Energy Development Co., Ltd, Trina Solar Limited, Sharp Solar Energy Solutions Group, Canadian Solar Inc., Tesla Inc. |
By Solar Module
-
Monocrystalline
-
Polycrystalline
-
Cadmium Telluride
-
Amorphous Silicon
By Type
-
Rooftops
-
Ground-Mounted
By End Use
-
Residential
-
Commercial
-
Industrial
By Country
-
Germany
-
UK
-
Italy
-
France
-
Spain
-
Belgium
-
Russia
-
The Netherlands
-
Rest of Europe
- Research Framework
- Research Objective
- Product Overview
- Market Segmentation
- Executive Summary
- Europe Distributed Solar Power Generation Market Insights
- Industry Value Chain Analysis
- DROC Analysis
- Growth Drivers
- Rising electricity demand
- Increasing government support
- Restraints
- High upfront costs
- Opportunities
- Growing environmental concerns
- Challenges
- Lack of awareness and understanding
- Challenges
- Safety concerns
- Growth Drivers
- Technological Advancements/Recent Developments
- Regulatory Framework
- Porter’s Five Forces Analysis
- Bargaining Power of Suppliers
- Bargaining Power of Buyers
- Threat of New Entrants
- Threat of Substitutes
- Intensity of Rivalry
- Europe Distributed Solar Power Generation Market Overview
- Market Solar Module & Forecast, 2019–2030
- By Value (USD Billion)
- Market Share & Forecast
- By Solar Module
- Monocrystalline
- Polycrystalline
- Cadmium Telluride
- Amorphous Silicon
- By Type
- Rooftops
- Ground-Mounted
- By End Use
- Residential
- Commercial
- Industrial
- By Country
- Germany
- United Kingdom
- Italy
- France
- Spain
- Belgium
- Russia
- The Netherlands
- Rest of Europe
- By Solar Module
- Market Solar Module & Forecast, 2019–2030
- Germany Distributed Solar Power Generation Market
- Market Solar Module & Forecast, 2019–2030
- By Value (USD Billion)
- Market Share & Forecast
- By Solar Module
- By Type
- By End Use
- Market Solar Module & Forecast, 2019–2030
- United Kingdom Distributed Solar Power Generation Market
- Market Solar Module & Forecast, 2019–2030
- By Value (USD Billion)
- Market Share & Forecast
- By Solar Module
- By Type
- By End Use
- Market Solar Module & Forecast, 2019–2030
- Italy Distributed Solar Power Generation Market
- Market Solar Module & Forecast, 2019–2030
- By Value (USD Billion)
- Market Share & Forecast
- By Solar Module
- By Type
- By End Use
- Market Solar Module & Forecast, 2019–2030
- France Distributed Solar Power Generation Market
- Market Solar Module & Forecast, 2019–2030
- By Value (USD Billion)
- Market Share & Forecast
- By Solar Module
- By Type
- By End Use
- Market Solar Module & Forecast, 2019–2030
- Spain Distributed Solar Power Generation Market
- Market Solar Module & Forecast, 2019–2030
- By Value (USD Billion)
- Market Share & Forecast
- By Solar Module
- By Type
- By End Use
- Market Solar Module & Forecast, 2019–2030
- Belgium Distributed Solar Power Generation Market
- Market Solar Module & Forecast, 2019–2030
- By Value (USD Billion)
- Market Share & Forecast
- By Solar Module
- By Type
- By End Use
- Market Solar Module & Forecast, 2019–2030
- Russia Distributed Solar Power Generation Market
- Market Solar Module & Forecast, 2019–2030
- By Value (USD Billion)
- Market Share & Forecast
- By Solar Module
- By Type
- By End Use
- Market Solar Module & Forecast, 2019–2030
- Netherlands Distributed Solar Power Generation Market
- Market Solar Module & Forecast, 2019–2030
- By Value (USD Billion)
- Market Share & Forecast
- By Solar Module
- By Type
- By End Use
- Market Solar Module & Forecast, 2019–2030
- Rest of Europe Distributed Solar Power Generation Market
- Market Solar Module & Forecast, 2019–2030
- By Value (USD Billion)
- Market Share & Forecast
- By Solar Module
- By Type
- By End Use
- Market Solar Module & Forecast, 2019–2030
- Competitive Landscape
- List of Key Players and Their Offerings
- Europe Distributed Solar Power Generation Company Market Share Analysis, 2023
- Competitive Benchmarking, By Operating Parameters
- Key Strategic Developments (Mergers, Acquisitions, Partnerships, etc.)
- Impact of Escalating Geopolitical Tensions on Europe Distributed Solar Power Generation Market
- Company Profile (Company Overview, Financial Matrix, Competitive Landscape, Key Personnel, Key Competitors, Contact Address, Strategic Outlook, SWOT Analysis)
- Suntech Power Holdings Co. Ltd
- First Solar Inc.
- Yingli Energy Development Co., Ltd
- Trina Solar Limited
- Sharp Solar Energy Solutions Group
- Canadian Solar Inc.
- Tesla Inc.
- Other Prominent Players
- Key Strategic Recommendations
- Research Methodology
- Qualitative Research
- Primary & Secondary Research
- Quantitative Research
- Market Breakdown & Data Triangulation
- Secondary Research
- Primary Research
- Breakdown of Primary Research Respondents, By Country
- Assumptions & Limitations
- Qualitative Research
*Financial information of non-listed companies can be provided as per availability.
**The segmentation and the companies are subject to modifications based on in-depth secondary research for the final deliverable
List of Figures
Figure 1 Europe Distributed Solar Power Generation Segmentation
Figure 2 Europe Distributed Solar Power Generation Market Value Chain Analysis
Figure 3 Company Market Share Analysis, 2023
Figure 4 Europe Distributed Solar Power Generation Market Size, By Value (USD Billion), 2019–2030
Figure 5 Europe Distributed Solar Power Generation Market Share, By Solar Module, By Value, 2019–2030
Figure 6 Europe Distributed Solar Power Generation Market Share, By Type, By Value, 2019–2030
Figure 7 Europe Distributed Solar Power Generation Market Share, By End Use, By Value, 2019–2030
Figure 8 Europe Distributed Solar Power Generation Market Share, By Country, By Value, 2019–2030
Figure 9 Germany Distributed Solar Power Generation Market Size, By Value (USD Billion), 2019–2030
Figure 10 Germany Distributed Solar Power Generation Market Share, By Solar Module, By Value, 2019–2030
Figure 11 Germany Distributed Solar Power Generation Market Share, By Type, By Value, 2019–2030
Figure 12 Germany Distributed Solar Power Generation Market Share, By End Use, By Value, 2019–2030
Figure 13 United Kingdom Distributed Solar Power Generation Market Size, By Value (USD Billion), 2019–2030
Figure 14 United Kingdom Distributed Solar Power Generation Market Share, By Solar Module, By Value, 2019–2030
Figure 15 United Kingdom Distributed Solar Power Generation Market Share, By Type, By Value, 2019–2030
Figure 16 United Kingdom Distributed Solar Power Generation Market Share, By End Use, By Value, 2019–2030
Figure 17 Italy Distributed Solar Power Generation Market Size, By Value (USD Billion), 2019–2030
Figure 18 Italy Distributed Solar Power Generation Market Share, By Solar Module, By Value, 2019–2030
Figure 19 Italy Distributed Solar Power Generation Market Share, By Type, By Value, 2019–2030
Figure 20 Italy Distributed Solar Power Generation Market Share, By End Use, By Value, 2019–2030
Figure 21 France Distributed Solar Power Generation Market Size, By Value (USD Billion), 2019–2030
Figure 22 France Distributed Solar Power Generation Market Share, By Solar Module, By Value, 2019–2030
Figure 23 France Distributed Solar Power Generation Market Share, By Type, By Value, 2019–2030
Figure 24 France Distributed Solar Power Generation Market Share, By End Use, By Value, 2019–2030
Figure 25 Spain Distributed Solar Power Generation Market Size, By Value (USD Billion), 2019–2030
Figure 26 Spain Distributed Solar Power Generation Market Share, By Solar Module, By Value, 2019–2030
Figure 27 Spain Distributed Solar Power Generation Market Share, By Type, By Value, 2019–2030
Figure 28 Spain Distributed Solar Power Generation Market Share, By End Use, By Value, 2019–2030
Figure 29 Belgium Distributed Solar Power Generation Market Size, By Value (USD Billion), 2019–2030
Figure 30 Belgium Distributed Solar Power Generation Market Share, By Solar Module, By Value, 2019–2030
Figure 31 Belgium Distributed Solar Power Generation Market Share, By Type, By Value, 2019–2030
Figure 32 Belgium Distributed Solar Power Generation Market Share, By End Use, By Value, 2019–2030
Figure 33 Russia Distributed Solar Power Generation Market Size, By Value (USD Billion), 2019–2030
Figure 34 Russia Distributed Solar Power Generation Market Share, By Solar Module, By Value, 2019–2030
Figure 35 Russia Distributed Solar Power Generation Market Share, By Type, By Value, 2019–2030
Figure 36 Russia Distributed Solar Power Generation Market Share, By End Use, By Value, 2019–2030
Figure 37 The Netherlands Distributed Solar Power Generation Market Size, By Value (USD Billion), 2019–2030
Figure 38 The Netherlands Distributed Solar Power Generation Market Share, By Solar Module, By Value, 2019–2030
Figure 39 The Netherlands Distributed Solar Power Generation Market Share, By Type, By Value, 2019–2030
Figure 40 The Netherlands Distributed Solar Power Generation Market Share, By End Use, By Value, 2019–2030
Figure 41 Rest of Europe Distributed Solar Power Generation Market Size, By Value (USD Billion), 2019–2030
Figure 42 Rest of Europe Distributed Solar Power Generation Market Share, By Solar Module, By Value, 2019–2030
Figure 43 Rest of Europe Distributed Solar Power Generation Market Share, By Type, By Value, 2019–2030
Figure 44 Rest of Europe Distributed Solar Power Generation Market Share, By End Use, By Value, 2019–2030
List of Tables
Table 1 Europe Distributed Solar Power Generation Market Size, By Value (USD Billion), 2019–2030
Table 2 Europe Distributed Solar Power Generation Market Size, By Solar Module, By Value, 2019–2030
Table 3 Europe Distributed Solar Power Generation Market Size, By Type, By Value, 2019–2030
Table 4 Europe Distributed Solar Power Generation Market Size, By End Use, By Value, 2019–2030
Table 5 Europe Distributed Solar Power Generation Market Size, By Country, By Value, 2019–2030
Table 6 Germany Distributed Solar Power Generation Market Size, By Value (USD Billion), 2019–2030
Table 7 Germany Distributed Solar Power Generation Market Size, By Solar Module, By Value, 2019–2030
Table 8 Germany Distributed Solar Power Generation Market Size, By Type, By Value, 2019–2030
Table 9 Germany Distributed Solar Power Generation Market Size, By End Use, By Value, 2019–2030
Table 10 United Kingdom Distributed Solar Power Generation Market Size, By Value (USD Billion), 2019–2030
Table 11 United Kingdom Distributed Solar Power Generation Market Size, By Solar Module, By Value, 2019–2030
Table 12 United Kingdom Distributed Solar Power Generation Market Size, By Type, By Value, 2019–2030
Table 13 United Kingdom Distributed Solar Power Generation Market Size, By End Use, By Value, 2019–2030
Table 14 Italy Distributed Solar Power Generation Market Size, By Value (USD Billion), 2019–2030
Table 15 Italy Distributed Solar Power Generation Market Size, By Solar Module, By Value, 2019–2030
Table 16 Italy Distributed Solar Power Generation Market Size, By Type, By Value, 2019–2030
Table 17 Italy Distributed Solar Power Generation Market Size, By End Use, By Value, 2019–2030
Table 18 France Distributed Solar Power Generation Market Size, By Value (USD Billion), 2019–2030
Table 19 France Distributed Solar Power Generation Market Size, By Solar Module, By Value, 2019–2030
Table 20 France Distributed Solar Power Generation Market Size, By Type, By Value, 2019–2030
Table 21 France Distributed Solar Power Generation Market Size, By End Use, By Value, 2019–2030
Table 22 Spain Distributed Solar Power Generation Market Size, By Value (USD Billion), 2019–2030
Table 23 Spain Distributed Solar Power Generation Market Size, By Solar Module, By Value, 2019–2030
Table 24 Spain Distributed Solar Power Generation Market Size, By Type, By Value, 2019–2030
Table 25 Spain Distributed Solar Power Generation Market Size, By End Use, By Value, 2019–2030
Table 26 Belgium Distributed Solar Power Generation Market Size, By Value (USD Billion), 2019–2030
Table 27 Belgium Distributed Solar Power Generation Market Size, By Solar Module, By Value, 2019–2030
Table 28 Belgium Distributed Solar Power Generation Market Size, By Type, By Value, 2019–2030
Table 29 Belgium Distributed Solar Power Generation Market Size, By End Use, By Value, 2019–2030
Table 30 Russia Distributed Solar Power Generation Market Size, By Value (USD Billion), 2019–2030
Table 31 Russia Distributed Solar Power Generation Market Size, By Solar Module, By Value, 2019–2030
Table 32 Russia Distributed Solar Power Generation Market Size, By Type, By Value, 2019–2030
Table 33 Russia Distributed Solar Power Generation Market Size, By End Use, By Value, 2019–2030
Table 34 The Netherlands Distributed Solar Power Generation Market Size, By Value (USD Billion), 2019–2030
Table 35 The Netherlands Distributed Solar Power Generation Market Size, By Solar Module, By Value, 2019–2030
Table 36 The Netherlands Distributed Solar Power Generation Market Size, By Type, By Value, 2019–2030
Table 37 The Netherlands Distributed Solar Power Generation Market Size, By End Use, By Value, 2019–2030
Table 38 Rest of Europe Distributed Solar Power Generation Market Size, By Value (USD Billion), 2019–2030
Table 39 Rest of Europe Distributed Solar Power Generation Market Size, By Solar Module, By Value, 2019–2030
Table 40 Rest of Europe Distributed Solar Power Generation Market Size, By Type, By Value, 2019–2030
Table 41 Rest of Europe Distributed Solar Power Generation Market Size, By End Use, By Value, 2019–2030
Table 42 Suntech Power Holdings Co. Ltd Company Overview
Table 43 Suntech Power Holdings Co. Ltd Financial Overview
Table 44 First Solar Inc. Company Overview
Table 45 First Solar Inc. Financial Overview
Table 46 Yingli Energy Development Co., Ltd Company Overview
Table 47 Yingli Energy Development Co., Ltd Financial Overview
Table 48 Trina Solar Limited Company Overview
Table 49 Trina Solar Limited Financial Overview
Table 50 Sharp Solar Energy Solutions Group Company Overview
Table 51 Sharp Solar Energy Solutions Group Financial Overview
Table 52 Canadian Solar Inc. Company Overview
Table 53 Canadian Solar Inc. Financial Overview
Table 54 Tesla Inc. Company Overview
Table 55 Tesla Inc. Financial Overview
Market Segmentation
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