The France Distributed Solar Power Generation Market size was valued at USD XX Billion in 2022 and is expected to surpass USD XX Billion by 2031, expanding at a CAGR of 12% during the forecast period, 2023 – 2031. The growth of the market is attributed to elements such as increasing environmental concerns and high cost of grid expansion. Moreover, advancement in technology leading to increase in efficiency and solar panel manufacturing cost reduction has been a key factors responsible for the growth of the France distributed solar power generation market.
It is the generation of power from solar energy for personal use. The energy produced is not sent to a centralized grid rather is used directly in households, industries, and commercial centers.
Growing demand for clean energy is among the foremost drivers for the distributed solar power generation market in the country. The country is earnestly shifting from conventional energy-producing sources to clean energy sources and produced over 16.7% of the total electricity generated from hydropower and renewable energy combined.
France is the world’s second-largest nuclear electricity producer after the United States. The country produced over 413.2 TWh of electricity from nuclear power, in 2018 and has over 57 nuclear reactors spread over the country.Furthermore; nuclear energy continues to hold an edge over other forms of energy generation energy resources in the country owing to the long-standing policy based on energy security. France’s total nuclear capacity stands at 62.3 GWe. Therefore, the cheaper electricity generation from nuclear energy and more reliability on nuclear energy produced electricity is expected to be the major restraint of the distributed solar power generation market in the country.
Hydropower holds a certain edge over other renewable energy resources in the country owing to its reliability in cold and harsh weather faced by the northern part of the country. Therefore, the harsh weather in the country in winters and more reliability on hydropower are projected to impede the distributed solar power generation market.
The Covid-19 pandemic had an unpleasant impact on France distributed solar power generation due to insufficient production of solar panels and scarcity of its supply; however, the government’s steps and strategies have helped to neutralised the situation. This pandemic has encouraged the key players to implement advance technologies to overcome these challenges and expand the market growth.
Market Trends, Drivers, Restraints, and Opportunities
The significant shift from energy generation from conventional sources such as coal and natural gas to clean energy is estimated to expand the France distributed solar power generation market.
Growing interest in distributed solar power generation, owing to several economic benefits and a constant source of energy to eliminate downtimes and equipment damage due to voltage fluctuations in conventional power grids are anticipated to propel the market in coming years
Rising environmental concerns and economical benefits of domestic distributed solar power generation are projected to fuel the market growth during the forecast period.
Rising usage of hydropower and nuclear energy sources for electricity generation in the country is expected to impede the demand for distributed solar power generation.
R&D investment and technological advancement in distributed solar power generation are expected to offer lucrative opportunities for the market players.
Scope of the Report
The report on France distributed solar power generation market includes an assessment of the market, trends, segments, and regional markets. Overview and dynamics have also been included in the report.
France Distributed Solar Power Generation Market -Industry Analysis, Growth, Share, Size, Trends, and Forecast
End-user (Households, Industries, and Commercial Centers)
Company Share, Market Analysis and Size, Competitive Landscape, Growth Factors, and Trends, and Revenue Forecast
Key Players Covered in the Report
ENGIE; Sunpower; EDF EN; Saint Gobain; and Wagner Solar.
Market Segment Insights
The industries segment is projected to constitute a large market share
Based on end-user, the France distributed solar power generation market is segregated into households, industries, and commercial centers. The industries segment is expected to account for a key share of the market during the forecast period owing to it being inexpensive and have a comparatively stable load profile during the day that can enable larger savings on electricity bills. However, household segment is anticipated to expand at a rapid pace during the forecast period owing to the application of rooftop solar which enable residents and small businesses to generate their own electricity as well as offers the benefits of modern electricity services to households that had no access to electricity, reducing electricity costs on remote locations and islands that are dependent on oil-fired generation.
Commercial centers are anticipated to dominate the market in coming years due to numerous economic benefits and a constant source of energy to eliminate downtimes and equipment damage owing to voltage fluctuations in conventional power grids.
Segments Covered in the Report
The France distributed solar power generation market has been segmented on the basis of:-
- Commercial Centers
- EDF EN
- Saint Gobain
- Wagner Solar
Key players competing in France distributed solar power generation market include ENGIE; Sunpower; EDF EN; Saint Gobain; and Wagner Solar.
Some of these players are using several market strategies such as mergers, acquisitions, partnerships, collaborations, capacity expansion, and product launches to enhance their market shares.