NEW YORK, Aug. 4, 2022 /PRNewswire/ — The “Solar Energy Market in Ukraine by Type and Application – Forecast and Analysis 2022-2026” report by Technavio expects the market size to grow by 932.10 MW between 2021 and 2026. The report anticipates the market to observe a YOY growth of 11.64% in 2022. However, the growth momentum is expected to decelerate at a CAGR of 9.61% during the forecast period. The report provides a comprehensive analysis of recent developments, new product launches, major revenue-generating segments, and market behavior across geographies. Download Sample PDF Report Here
The solar energy market in Ukraine is fragmented due to the presence of numerous international and regional players. The market constitutes pure-play, industry-focused, as well as diversified vendors. The competition in the market is high due to the presence of a wide range of competitors offering many products and solutions. However, the high capital requirement will render the threat of rivalry to be moderate.
Technavio identifies Afore Ukraine, Atmosphere – Nature Technologies LLC, Ekotekhnik Ukraine LLC, Energy System Group, Intersource Ltd., SolarGaps, Solars Re-Energy Group, SUNSAY energy, Tesla Energo, and Voltage Group as major market participants.
The market is primarily driven by increasing developments in the implementation of renewable energy. Over the years, renewable technology has considerably evolved and is competing with fossil fuel-based power generation technology. The rising concerns over carbon emissions has increased investments in renewable energy sources, This is creating a huge demand for solar power generation technologies, thereby driving the market in focus.
In addition, the need for providing environmental balance and favorable government regulations will offer immense growth opportunities. However, intermittency in solar power generation, high initial investment, and the requirement for large installation areas to set up solar farms will challenge the growth of the market participants. To make the most of the opportunities, market vendors should focus more on the growth prospects in the fast-growing segments, while maintaining their positions in the slow-growing segments. View Sample Report Now
The solar energy market in Ukraine is segmented as below:
- Rooftop Power Plant
- Ground-mounted Solar Power Plant
By type, the rooftop power segment generates maximum revenue in the market in 2021. The segment is driven by the compactness of rooftop power plants. The market growth in the segment will be significant during the forecast period.
The commercial segment accounted for the largest market share in 2021. This can be attributed to the high demand for constant power in non-residential buildings. Technavio presents a detailed picture of the market by the way of study, synthesis, and summation of data from multiple sources. Our solar energy market in Ukraine report covers the following areas:
Solar Energy Market in Ukraine 2022-2026: Vendor Analysis
We provide a detailed analysis of around 25 vendors operating in the solar energy market in Ukraine. Backed with competitive intelligence and benchmarking, our research report on the solar energy market in Ukraine is designed to provide entry support, customer profile, and M&As as well as go-to-market strategy support.
Solar Energy Market in Ukraine 2022-2026: Key Highlights
- CAGR of the market during the forecast period 2022-2026
- Detailed information on factors that will assist solar energy market growth in Ukraine during the next five years
- Estimation of the solar energy market size in Ukraine and its contribution to the parent market