Portugal Solar Energy Market

Portugal Solar Energy Market by End-user (Residential, Commercial & Industrial) - Industry Analysis, Growth, Share, Size, Trends, and Forecast 2021 – 2028

  • Report ID: EP-2176
  • Author: Growth Market Reports
  • Rating: 4.9
  • Total Reviews: 2
  • No. Of Pages: 155
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The Portugal solar energy market size is projected to register a substantial CAGR during the forecast period, 2021–2028. The growth of the market is attributed to the increasing energy consumption, attempts to minimize dependency on fossil fuel-based power generation, and falling costs of solar PV and related technologies.

Portugal Solar Energy Market Key Takeaways

Solar energy is a significant renewable energy source, and its technologies are classed as passive or active solar depending on how they absorb and distribute solar energy or convert it to solar power. Photovoltaic systems, concentrated solar power, and solar water heating are all active solar techniques for harvesting energy. Passive solar approaches include orienting a building to the sun, using materials with good thermal mass or light-dispersing properties, and providing regions with natural air circulation.

The international energy agency claimed in 2011 that "the development of affordable, unlimited, and clean solar energy technologies will have major long-term benefits." It would improve sustainability, reduce pollution, reduce the costs of combating global warming, and keep fossil fuel prices low.

Solar energy has the least detrimental environmental impact when compared to other energy sources. It produces no greenhouse emissions and has no negative impact on the environment. In comparison to nuclear power plants, which require 20 times the quantity of water, it also requires comparatively less water for maintenance. As long as there is sunlight, solar energy may be used everywhere. This is especially useful in rural regions when there is no alternative energy source. Many people throughout the world do not have access to electricity. Self-contained solar systems might be installed in those locations, improving the lives of millions of people.

Market Trends, Drivers, Restraints, and Opportunities

  • Increasing energy consumption is projected to fuel the market during the forecast period.
  • Falling costs of solar PV and related technologies is key factors propelling the market in the coming years.
  • Rising use of an alternative clean power source such as wind is estimated to hamper the market growth.
  • Lack of awareness act as major challenges that can restrict the market in the coming years.
  • R&D investment and technological advancement is anticipated to create lucrative opportunities for the market players.

Scope of the Report

The report on the Portugal solar energy market includes an assessment of the market, trends, segments, and regional markets. Overview and dynamics have also been included in the report.

Attributes

Details

Report Title

Solar Energy Market - Portugal Industry Analysis, Growth, Share, Size, Trends, and Forecast

Base Year

2020

Historic Data

2018–2019

Forecast Period

2021–2028

Segmentation

End-user (Residential, Commercial & Industrial)

Geographical Scope

Portugal

Report Coverage

Company Share, Market Analysis and Size, Competitive Landscape, Growth Factors, and Trends, and Revenue Forecast

Key Players Covered in the Report

Gesto Energia S.A.; SGS SA; Voltalia SA; Iberdrola S.A.; and Acciona SA

Market Segment Insights

The residential segment is projected to represent a major market share

On the basis of end-user, the Portugal solar energy market is divided into residential, commercial & industrial. The residential segment is expected to represent a key share of the market during the forecast period. Solar power is becoming an important source of renewable energy in Portugal's energy mix. Solar power has a total installed capacity of 827.6 MW by the end of 2019. In 2019, it accounted for 2.2 % of total electricity generation. Solar is projected to play a key part in the Portuguese government's new energy strategy, which calls for renewables to provide 80 % of the country's power needs by 2030 and 100 % by 2050, as well as electrifying 65 % of the economy. Solar photovoltaic adoption is rising in the residential sector, owing to cost reductions, need for an alternative source of power, and desire to minimize climate change risk. Due to low solar PV prices, supporting government policies for residential solar PV, FIT programs and incentives, and objectives established by various governments for solar energy, the percentage of rooftop solar PV is anticipated to grow during the forecast period. Continuous technical advancements, such as improved solar PV module efficiencies, are driving cost reductions from residential rooftop solar PV.

Portugal Solar Energy Market By End Users

Segments

Segments Covered in the Report
The Portugal solar energy market has been segmented on the basis of

End-user
  • Residential
  • Commercial & Industrial
Key Players
  • Gesto Energia S.A.
  • SGS SA
  • Voltalia SA
  • Iberdrola S.A.
  • Acciona SA

Competitive Landscape

Key players competing in the Portugal Solar Energy market include Gesto Energia S.A., SGS SA, Voltalia SA, Iberdrola S.A., and Acciona SA.

Some of these players are using several market strategies such as mergers, acquisitions, partnerships, collaborations, capacity expansion, and product launches to increase their market shares.

Portugal Solar Energy Market By Key Players

1. Executive Summary
2. Assumptions and Acronyms Used
3. Research Methodology
4. Solar Energy Market Overview
  4.1. Introduction
     4.1.1. Market Taxonomy
     4.1.2. Market Definition
  4.2. Macro-Economic Factors
     4.2.1. Industry Outlook
  4.3. Solar Energy Market Dynamics
     4.3.1. Market Drivers
     4.3.2. Market Restraints
     4.3.3. Opportunity
     4.3.4. Market Trends
  4.4. Solar Energy Market - Supply Chain
  4.5. Global Solar Energy Market Forecast
     4.5.1. Solar Energy Market Size (US$ Mn) and Y-o-Y Growth
     4.5.2. Solar Energy Market Size (000’ Units) and Y-o-Y Growth
     4.5.3. Solar Energy Market Absolute $ Opportunity
5. Global Solar Energy Market Analysis and Forecast by End Users
  5.1. Market Trends
  5.2. Introduction
     5.2.1. Basis Point Share (BPS) Analysis by End Users
     5.2.2. Y-o-Y Growth Projections by End Users
  5.3. Solar Energy Market Size and Volume Forecast by End Users
     5.3.1. Residential Commercial & Industrial
  5.4. Absolute $ Opportunity Assessment by End Users
  5.5. Market Attractiveness/Growth Potential Analysis by End Users
6. Global Solar Energy Market Analysis and Forecast by Region
  6.1. Market Trends
  6.2. Introduction
     6.2.1. Basis Point Share (BPS) Analysis by Region
     6.2.2. Y-o-Y Growth Projections by Region
  6.3. Solar Energy Market Size and Volume Forecast by Region
     6.3.1. North America
     6.3.2. Latin America
     6.3.3. Europe
     6.3.4. Asia Pacific
     6.3.5. Middle East and Africa (MEA)
  6.4. Absolute $ Opportunity Assessment by Region
  6.5. Market Attractiveness/Growth Potential Analysis by Region
  6.6. Global Solar Energy Demand Share Forecast, 2019-2026
7. North America Solar Energy Market Analysis and Forecast
  7.1. Introduction
     7.1.1. Basis Point Share (BPS) Analysis by Country
     7.1.2. Y-o-Y Growth Projections by Country
  7.2. North America Solar Energy Market Size and Volume Forecast by Country
     7.2.1. U.S.
     7.2.2. Canada
  7.3. Absolute $ Opportunity Assessment by Country
  7.4. North America Solar Energy Market Size and Volume Forecast by End Users
     7.4.1. Residential Commercial & Industrial
  7.5. Basis Point Share (BPS) Analysis by End Users
  7.6. Y-o-Y Growth Projections by End Users
  7.7. Market Attractiveness/Growth Potential Analysis
     7.7.1. By Country
     7.7.2. By Product Type
     7.7.3. By Application
  7.8. North America Solar Energy Demand Share Forecast, 2019-2026
8. Latin America Solar Energy Market Analysis and Forecast
  8.1. Introduction
     8.1.1. Basis Point Share (BPS) Analysis by Country
     8.1.2. Y-o-Y Growth Projections by Country
     8.1.3. Latin America Average Pricing Analysis
  8.2. Latin America Solar Energy Market Size and Volume Forecast by Country
      8.2.1. Brazil
      8.2.2. Mexico
      8.2.3. Rest of Latin America
   8.3. Absolute $ Opportunity Assessment by Country
  8.4. Latin America Solar Energy Market Size and Volume Forecast by End Users
     8.4.1. Residential Commercial & Industrial
  8.5. Basis Point Share (BPS) Analysis by End Users
  8.6. Y-o-Y Growth Projections by End Users
  8.7. Market Attractiveness/Growth Potential Analysis
     8.7.1. By Country
     8.7.2. By Product Type
     8.7.3. By Application
  8.8. Latin America Solar Energy Demand Share Forecast, 2019-2026
9. Europe Solar Energy Market Analysis and Forecast
  9.1. Introduction
     9.1.1. Basis Point Share (BPS) Analysis by Country
     9.1.2. Y-o-Y Growth Projections by Country
     9.1.3. Europe Average Pricing Analysis
  9.2. Europe Solar Energy Market Size and Volume Forecast by Country
     9.2.1. Germany
     9.2.2. France
     9.2.3. Italy
     9.2.4. U.K.
     9.2.5. Spain
     9.2.6. Russia
     9.2.7. Rest of Europe
  9.3. Absolute $ Opportunity Assessment by Country
  9.4. Europe Solar Energy Market Size and Volume Forecast by End Users
     9.4.1. Residential Commercial & Industrial
  9.5. Basis Point Share (BPS) Analysis by End Users
  9.6. Y-o-Y Growth Projections by End Users
  9.7. Market Attractiveness/Growth Potential Analysis
     9.7.1. By Country
     9.7.2. By Product Type
     9.7.3. By Application
  9.8. Europe Solar Energy Demand Share Forecast, 2019-2026
10. Asia Pacific Solar Energy Market Analysis and Forecast
  10.1. Introduction
     10.1.1. Basis Point Share (BPS) Analysis by Country
     10.1.2. Y-o-Y Growth Projections by Country
     10.1.3. Asia Pacific Average Pricing Analysis
  10.2. Asia Pacific Solar Energy Market Size and Volume Forecast by Country
     10.2.1. China
     10.2.2. Japan
     10.2.3. South Korea
     10.2.4. India
     10.2.5. Australia
     10.2.6. Rest of Asia Pacific (APAC)
  10.3. Absolute $ Opportunity Assessment by Country
  10.4. Asia Pacific Solar Energy Market Size and Volume Forecast by End Users
     10.4.1. Residential Commercial & Industrial
  10.5. Basis Point Share (BPS) Analysis by End Users
  10.6. Y-o-Y Growth Projections by End Users
  10.7. Market Attractiveness/Growth Potential Analysis
     10.7.1. By Country
     10.7.2. By Product Type
     10.7.3. By Application
  10.8. Asia Pacific Solar Energy Demand Share Forecast, 2019-2026
11. Middle East & Africa Solar Energy Market Analysis and Forecast
  11.1. Introduction
     11.1.1. Basis Point Share (BPS) Analysis by Country
     11.1.2. Y-o-Y Growth Projections by Country
     11.1.3. Middle East & Africa Average Pricing Analysis
  11.2. Middle East & Africa Solar Energy Market Size and Volume Forecast by Country
     11.2.1. Saudi Arabia
     11.2.2. South Africa
     11.2.3. UAE
     11.2.4. Rest of Middle East & Africa (MEA)
  11.3. Absolute $ Opportunity Assessment by Country
  11.4. Middle East & Africa Solar Energy Market Size and Volume Forecast by End Users
     11.4.1. Residential Commercial & Industrial
  11.5. Basis Point Share (BPS) Analysis by End Users
  11.6. Y-o-Y Growth Projections by End Users
  11.7. Market Attractiveness/Growth Potential Analysis
     11.7.1. By Country
     11.7.2. By Product Type
     11.7.3. By Application
  11.8. Middle East & Africa Solar Energy Demand Share Forecast, 2019-2026
12. Competition Landscape
  12.1. Global Solar Energy Market: Market Share Analysis
  12.2. Solar Energy Distributors and Customers
  12.3. Solar Energy Market: Competitive Dashboard
  12.4. Company Profiles (Details: Overview, Financials, Developments, Strategy)
     12.4.1. Gesto Energia S.A. SGS SA Voltalia SA Iberdrola S.A. Acciona SA
Segments Covered in the Report
The Portugal solar energy market has been segmented on the basis of

End-user
  • Residential
  • Commercial & Industrial
Key Players
  • Gesto Energia S.A.
  • SGS SA
  • Voltalia SA
  • Iberdrola S.A.
  • Acciona SA

Key players competing in the Portugal Solar Energy market include Gesto Energia S.A., SGS SA, Voltalia SA, Iberdrola S.A., and Acciona SA.

Some of these players are using several market strategies such as mergers, acquisitions, partnerships, collaborations, capacity expansion, and product launches to increase their market shares.

Portugal Solar Energy Market By Key Players

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