Enviromission Limited has signed a joint venture agreement with Dewan International Limited and DP Solrenergy India Private Limited (SOLRE) that grants permission to SOLRE to develop EnviroMission’s Solar Cyclone Tower (SCT) renewable energy technology in the Republic of India.
Green Power Energy has achieved a milestone of completing hundreds of residential solar power installations in Hunterdon County.
Author Credits: Payel Roy, Dhruv Bhatia
Report ID: 4979
Published Date: Jun 02, 2023
Report Format: PDF, PPT
Frequently Asked Questions (FAQ)
Increasing demand for an uninterrupted supply of electricity and the rise in the use of electricity are considered to be major factors contributing to market size expansion.
The market size of solar updraft towers is anticipated to attain a CAGR of ~25% over the forecast period, i.e., 2023 â€“ 2035.
The major players in the market are Enviromission Limited, Green Power Energy, Hyperion Solar Energy, Pivot Energy Inc., Atlantis Solar, SunPower Corporation, New BrightSource, Ltd., Hanwha Q CELLS GmbH, First Solar, Inc., Jinko Solar, and other key players.
The company profiles are selected based on the revenues generated from the product segment, the geographical presence of the company which determines the revenue generating capacity as well as the new products being launched into the market by the company.
The market is segmented by component, application, and by region.
The residential segment is anticipated to garner the largest market size by the end of 2035 and display significant growth opportunities.
The requirement of constant maintenance and construction along with the high initial investment are estimated to be the growth hindering factors for the market expansion.
The market in the North American region is projected to hold the largest market share by the end of 2035 and provide more business opportunities in the future.