Distributed solar power energy generation can be referred to as the production of electricity through solar panels, which can be positioned on rooftops or ground-mounted. The distributed power generation systems can be connected to the local utility grid to address the energy demand of the residential and commercial sectors. Debouching energy-saving trends, increasing focus on carbon emission, declining prices of solar PV modules, and government initiatives drives the market growth.
Impact of COVID-19
The COVID-19 outbreak has resulted in a sharp decline in terms of renewable electricity generation. As per the International Energy Agency (IEA), the renewable electricity capacity is projected to decline by 13% in 2020. Additionally, China’s share in the global PV modules market declined from 55% in 2017 to less than 30% in 2019. In contrast to 2019, the outlook of the power sector in 2020 has become dubious as the outbreak has led to several macroeconomic challenges that have prompted in the delay or suspension of investment decisions. Additionally, the social distancing guidelines and lockdown measures have disrupted the supply chain, further hampering the market growth. As per IEA, the revised capacity of solar PV addition is anticipated to decelerate by over 15% by 2020.
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Distributed Solar Power Generation Market: Segmentation
By Product Type
By End-Use Industry
Central and South America and the Caribbean
The Middle East
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* Known and Unknown Adjacencies Influencing the Growth of Market
* Explorable Revenue Sources
* Customer Behaviour Analysis
* Target Partners
* Customized Geographical Data Based on Customers as well as Competitors
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