Global Fixed Tilt Solar PV Market - Growth, Trends, and Forecast (2022 - 2030)

The global tilt solar PV market is likely to grow at a rapid rate on account of increasing deployment of solar power systems. Fixed tilt type of solar PV plant is fixed in one position and is inclined in a certain angle to absorb the solar radiation. With the annual production capacity estimated to reach 500GW by 2020, from 40 GW in 2013 making this market fastest growing one. The popularity of solar power generation has led to widespread research and development to enhance the efficiency of the solar power plants. The pressing need to reduce the pollution caused from power generation is a big boost for solar power sector, which has led to increased focus of the governments across the world to increase the penetration of solar power in the energy mix. Many countries have set short to long term targets for installation of solar power plants respectively which is likely to promulgate the market for fixed tilt solar PV plant in near future.

Increasing Awareness about Clean Energy is driving the Market

Globally, the increasing awareness about clean energy is providing a huge impetus to alternate sources of energy. As per the Paris climate deal, the countries across the globe have committed to use clean energy sources and move away from conventional fuels, which cause adverse effects on environment. Furthermore, stringent environmental norms is likely to promulgate the solar energy development, which in turn would drive the market for fixed tilt solar PV market.

Asia-Pacific is the Region with Highest Market Share

Asia-Pacific region has highest share in fixed tilt solar PV market, owing to huge investments made in solar power development in the region. Rising environmental concerns have led to rapid adoption of solar energy in the Asia-Pacific countries. Moreover, some countries have planned to eliminate power generation from conventional sources, such as coal and nuclear. The high level of awareness regarding the benefits associated with renewable energy is a big boost for fixed tilt solar PV market. India is one of the major markets for solar power in Asia-Pacific has planned to build 100 GW of solar power infrastructure by the end of 2022.

China to Dominate the Market Growth

China is anticipated to dominate the market growth for fixed tilt solar PV market on account of increased focus on deployment of clean energy solutions. The per capita emission of carbon dioxide in China is highest in the world. The growing need for emissions free energy infrastructure has led to widespread adoption of solar power plants in China. Moreover, China is the major manufacturer of solar panel, which is likely to drive the market for fixed tilt solar PV market during forecast period.

Key Developments in the Market

• February 2018: Wuxi Suntech Power Co., Ltd. announced that it has entered into European market with 295/290W Poly half-cell modules
• December 2017: First Solar, Inc. made an agreement with Origis Energy USA which would lead to a module sale of 595 Megawatts in a span of three-year

The major players include - Wuxi Suntech Power Co., Ltd., First Solar Inc., Juwi Solar, Inc., SolarCity Corporation, amongst others.

Reasons to Purchase this Report

• Current and future fixed tilt solar PV market outlook in the developed and emerging markets
• Analyzing various perspectives of the market with the help of Porter’s five forces analysis
• The segment that is expected to dominate the market
• Regions that are expected to witness fastest growth during the forecast period
• Identify the latest developments and strategies employed by the major market players
• 3 months analyst support, along with the Market Estimate sheet (in excel)

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