Space Solar Arrays - Global Market Share and Ranking, Overall Sales and Demand Forecast 2024-2030

QY Research Inc. (Global Market Report Research Publisher) announces the release of 2024 latest report "Space Solar Arrays- Global Market Share and Ranking, Overall Sales and Demand Forecast 2024-2030". Based on current situation and impact historical analysis (2019-2023) and forecast calculations (2024-2030), this report provides a comprehensive analysis of the global Wire Drawing Dies market, including market size, share, demand, industry development status, and forecasts for the next few years.
 
A space solar array refers to a collection of solar panels used in space, and is usually used for power supply of space devices such as space exploration missions, satellites, and the International Space Station. These panels provide the spacecraft with the power it needs by absorbing solar radiation and converting it into direct current
 
【Get a free sample PDF of this report (Including Full TOC, List of Tables & Figures, Chart)】 
https://www.qyresearch.com/reports/2441989/space-solar-arrays
 
 

Spacetech Company Dcubed Closes Oversubscribed Series A Funding Round to Fuel Expansion and Innovation

Porto, Portugal, August 21, 2024
Dcubed, a Munich-based spacetech company, has successfully closed its Series A funding round, raising €4.4 million, 26% more than initially targeted. This round was led by Expansion Aerospace Ventures and BayBG Venture Capital, with participation from other notable investors such as High-Tech Gründerfonds, Aurelia Foundry, Ventis Capital, Rymdkapital, and Decisive Point Europe.
Dcubed specializes in making space missions more accessible through the development of durable and affordable satellite components, including release actuators, solar arrays, and deployable systems. The company leverages patented shape-memory technology and proprietary origami structures, which provide advantages in cost, mass, and volume, while enhancing reliability and durability.
The fresh capital will enable Dcubed to quadruple its production of satellite actuators by the end of 2024. Additionally, the company plans to expand its presence in the U.S. by opening a new office in Westminster, Colorado, which will help tap into the world's largest space market and strengthen relationships with American clients.
Looking ahead, Dcubed is set to play a pioneering role in in-space manufacturing, a critical technology for future space exploration. The company aims to demonstrate the 3D printing of high-performance satellite components in space by 2025, marking a significant milestone in space technology.
Despite the challenging global financial environment, Dcubed's oversubscribed funding round underscores strong investor confidence in the company's capabilities and vision for the future of space technology.

Policy Analysis
The European solar array industry is currently at a crucial juncture, facing significant challenges and opportunities as it seeks to strengthen its manufacturing base and reduce dependency on imports, particularly from China. The industry's policy landscape is shaped by several key initiatives and strategic goals aimed at boosting local production capacity, ensuring sustainability, and enhancing competitiveness.
Challenges and Cost Disadvantages
European solar manufacturing faces a significant cost disadvantage compared to Chinese manufacturers, with production costs in Europe being 1.5 to 2.3 times higher. This is largely due to higher labor, material, and energy costs in Europe, which have been exacerbated by recent energy price hikes. Additionally, the EU's solar module production capacity, particularly in upstream segments like polysilicon and wafer production, is limited, making it heavily reliant on imports for key components.
Strategic Responses and Policy Initiatives
To address these challenges, the European Union has launched several strategic initiatives:
1.Net-Zero Industry Act (NZIA): This act aims to ensure that 40% of the EU's annual deployment needs for net-zero technologies, including solar PV, are met through local manufacturing by 2030. The act also includes provisions for accelerated permitting, market access facilitation, and the use of non-price criteria in public procurement to promote resilience and sustainability in the solar supply chain.
2.European Solar PV Industry Alliance (ESIA): Established to reinforce industry cooperation, ESIA has set a target of achieving 30 GW of production capacity across the solar PV value chain by 2030. The alliance's 2024 action plan calls for substantial financial support and the introduction of sustainability standards, as well as the development of a European "PV Passport" to enhance product transparency and traceability.
3.European Solar Charter: Signed in 2024, the charter outlines immediate actions to support the competitiveness of the European solar industry. This includes promoting high-quality, sustainable solar products, fostering innovation, and ensuring that green transition goals align with industrial objectives. The charter emphasizes the need for a resilient supply chain and the expansion of local manufacturing facilities.
Path to Competitiveness
To compete effectively, European solar companies need to rapidly scale up their operations, achieve technological excellence, and build a strong ecosystem of suppliers. Adoption of next-generation solar technologies and enhancing energy efficiency are also critical to reducing the cost gap with Chinese manufacturers. Additionally, there is a growing willingness among European customers to pay a premium for locally produced, sustainably sourced solar panels, which could help support the industry's economic viability.

Market Overview
The European solar array market is experiencing rapid growth and transformation, driven by the continent's ambitious renewable energy targets and increasing investments in solar power. The market is set to expand significantly in the coming years, with several key trends and dynamics shaping its development.
Market Size and Growth
As of 2024, the installed solar photovoltaic (PV) capacity in Europe is expected to grow from approximately 294.7 GW to over 526 GW by 2029, representing a compound annual growth rate (CAGR) of around 12.3%. This growth is fueled by rising electricity demand and the push for clean energy across the region. Major markets within Europe, including Germany, Spain, and Italy, continue to lead in terms of capacity additions, driven by favorable policies and substantial investment inflows.
Key Drivers and Challenges
The European solar market is driven by several factors:
Policy Support: The EU's Green Deal and other policy frameworks like the Net-Zero Industry Act (NZIA) aim to bolster local manufacturing and reduce dependency on imports. These policies are expected to accelerate the deployment of solar technologies and enhance the region's energy security.
Technological Advancements: European manufacturers are increasingly focusing on advanced solar technologies, such as heterojunction (HJT) and tandem cell technologies, to improve efficiency and reduce costs. Companies like Enel and Meyer Burger are leading the charge in adopting these innovations.
However, the market faces challenges, particularly in terms of cost competitiveness. European manufacturers are currently at a cost disadvantage compared to their Asian counterparts due to higher labor and energy costs. This has led to increased pressure on European firms to innovate and scale up production to remain competitive.
Investment and Market Dynamics
Investment in solar projects across Europe remains robust, with numerous large-scale projects in development. For example, the Cerca project in Portugal, which features over 310,000 solar panels, highlights the scale of new installations being brought online. Additionally, the UK's renewable energy auctions continue to secure significant capacity at competitive prices.
To maintain momentum, European companies are increasingly looking at both local and international markets for growth opportunities, with a particular focus on integrating new storage solutions to complement solar deployments.
Outlook
The outlook for the European solar array market is positive, with strong growth anticipated over the next decade. The region's commitment to renewable energy, coupled with technological advancements and strategic investments, is expected to solidify Europe's position as a global leader in solar energy. However, the ability to overcome cost challenges and scale production efficiently will be crucial for sustaining long-term competitiveness.

Regulation Differences
The regulatory landscape for the solar array industry in Europe varies significantly across different countries, reflecting diverse approaches to promoting solar energy and addressing local challenges.
Key Differences in Solar Array Regulations Across Europe:
1.Permitting Procedures and Administrative Burdens:
Germany: Germany has streamlined its permitting processes for solar installations, but the overall process can still be time-consuming due to the country's federal structure, which means that different regions may have varying requirements and timelines. This can create inconsistencies that slow down project implementation.
France: France has a more centralized approach, with simplified procedures for small-scale projects under 36 kVA. However, larger projects, particularly offshore wind and solar, face more complex regulatory frameworks that require multiple agreements and compliance with environmental codes.
Austria: Austria's solar deployment is hindered by grid congestion and slow administrative procedures, particularly for larger projects. This has created bottlenecks that limit the pace at which new solar capacities can be brought online.
2.Support Schemes and Incentives:
Belgium: In Belgium, support schemes differ by region. Flanders, for example, offers specific incentives for small-scale solar installations and has implemented a Solar Plan with clear targets. Wallonia, on the other hand, uses a green certificate system, which is more complex and less transparent, particularly for larger utility-scale projects.
Italy: Italy has recently improved its legislative framework to better support self-consumption and energy communities, which is a significant shift from previous policies. The country now offers incentives and simplified authorization procedures, particularly at the local level, to encourage solar adoption.
Bulgaria: Bulgaria provides long-term purchase contracts and preferential premiums for renewable installations under a certain capacity. However, the country lacks clear targets for prosumers and energy communities, which limits the growth potential in these areas.
3.Energy Storage and Grid Integration:
France: France has established a comprehensive regulatory framework for energy storage, particularly for hydroelectric and other renewable storage projects. The country is focusing on smart grid projects to facilitate the integration of renewable energy, including solar, into the national grid.
Germany: While Germany has advanced grid infrastructure, the integration of large-scale solar projects still faces challenges related to grid balancing and energy storage. The country is investing in new storage solutions, but regulatory and financial incentives are needed to support these developments further.
4.Energy Sharing and Prosumers:
Greece: Greece has made significant progress in promoting energy sharing and prosumers, driven by a strong interest from citizens and businesses. The state has introduced financial incentives and reserved grid space to support these initiatives, though further regulatory support is needed.
France: France is leading in terms of energy sharing frameworks, with established mechanisms that allow for the collective self-consumption of solar energy. However, there is still a need for more aggressive deployment targets and clearer incentives to fully realize the potential of energy communities.
These regulatory differences reflect the unique energy strategies of each European country, shaped by their specific needs, energy policies, and market conditions. The EU's overarching goals, such as those outlined in the European Green Deal, aim to harmonize these regulations over time, but local variations are likely to persist due to the diverse political and economic landscapes across the continent.

Key Drivers
The European solar array industry is being driven by several key factors, which are fueling its rapid growth and helping it become a central part of the region's energy transition.
1. Policy Support and Energy Security
European governments have implemented strong policy frameworks to accelerate the adoption of solar energy. These policies are partly a response to the energy crisis caused by geopolitical tensions, which has pushed Europe to reduce its reliance on imported fossil fuels, particularly natural gas. This shift has created a favorable environment for the expansion of solar PV, especially in residential and commercial sectors.
2. Declining Costs of Solar Technology
The continued decline in the cost of solar modules and related technologies is a major driver of solar energy adoption across Europe. This cost reduction, coupled with increased efficiency of solar panels, makes solar energy more competitive against traditional energy sources. This trend is expected to continue, further lowering the barriers to entry for both large-scale and distributed solar projects.
3. Increased Investments and Financial Incentives
There has been a significant increase in investments directed towards solar energy projects across Europe. This is evident in both utility-scale projects and distributed solar systems. Financial incentives, including subsidies, feed-in tariffs, and tax breaks, play a crucial role in making these investments attractive. Additionally, the EU's push for a greener economy under initiatives like the Green Deal is channeling more funds into the solar sector.
4. Technological Advancements
European companies are at the forefront of adopting and developing new solar technologies. Innovations such as heterojunction technology (HJT) and tandem cells are enhancing the efficiency and power output of solar panels. These technological advancements are critical for maintaining Europe's competitiveness in the global solar market, especially as the region aims to scale up production and reduce costs.
5. Consumer Demand and Environmental, Social, and Governance (ESG) Factors
There is a growing consumer demand for clean and sustainable energy, driven by increasing awareness of climate change and the desire to reduce carbon footprints. Many European consumers are willing to pay a premium for solar products that are produced sustainably and have lower carbon footprints. This trend is encouraging companies to adopt higher ESG standards, which further boosts the demand for European-made solar products.

Investment Opportunities
The European solar array industry presents several attractive investment opportunities, driven by strong market growth, supportive policies, and technological advancements.
1. Growing Market and Policy Support
The European solar market is projected to continue expanding, with a significant increase in installed capacity expected over the next few years. The European Commission's forecasts suggest double-digit growth, with total installed capacity potentially reaching 576 GW by 2027. This growth is supported by the EU's aggressive renewable energy targets under initiatives like the REPowerEU plan, which aims to reduce dependency on fossil fuels and promote green energy transitions.
2. Investment in Solar and Storage
Solar energy, along with storage solutions, is seen as the most attractive sector for investment within Europe's energy market. The increasing integration of solar with energy storage systems is crucial to managing the intermittent nature of renewable energy sources, making this a key area for investment. The expected rise in demand for these technologies as countries transition to more sustainable energy systems presents significant opportunities for investors.
3. Technological Innovation
The deployment of advanced solar technologies, such as solar trackers and high-efficiency panels, is driving the market forward. Companies focusing on innovative solutions that increase energy output and reduce land use are particularly well-positioned. The solar tracker market, for example, is expected to grow as it enhances the efficiency of solar installations, especially in regions with high solar irradiance.
4. M&A Activity
The European energy sector, particularly solar, is poised for increased mergers and acquisitions (M&A) activity. Many companies are looking to consolidate their positions and scale up operations in response to the growing demand for renewable energy. South West Europe, including countries like Spain, Italy, and Portugal, is highlighted as a particularly attractive region for solar investments due to its favorable conditions for solar energy development.
5. Challenges and Risks
While the opportunities are significant, there are challenges, including supply chain risks and financing hurdles. The rising demand for renewable technology components has led to supply chain bottlenecks, and the current economic climate has made financing more challenging. However, these risks also present opportunities for companies that can navigate them effectively.

Related Market Reports From QY Research
QY Research Releases Comprehensive Market Reports on the solar array Market, as shown in the links below. These reports provide an in-depth analysis of the current market landscape, key trends, and future growth opportunities.
Global Space Solar Arrays Market Insights, Forecast to 2030
https://www.qyresearch.com/reports/2948951/space-solar-arrays
Solar Array Simulators - Global Market Share and Ranking, Overall Sales and Demand Forecast 2024-2030
https://www.qyresearch.com/reports/3014279/solar-array-simulators
Global Solar Array Drive Assemblies Market Insights, Forecast to 2030
https://www.qyresearch.com/reports/2963130/solar-array-drive-assemblies
 
 
The report provides a detailed analysis of the market size, growth potential, and key trends for each segment. Through detailed analysis, industry players can identify profit opportunities, develop strategies for specific customer segments, and allocate resources effectively.
 
The Space Solar Arrays market is segmented as below:
By Company
    AZUR SPACE Solar Power GmbH
    Airborne
    CESI SpA
    Fralock Innovative Materials Manufacturing & Automation
    Northrop Grumman Corporation
    SolAero Technologies Corporation
    Solaren Corporation
    SpaceTech GmbH
    The Boeing Company
 
Segment by Type
    Microwave-Launched Solar-Powered Satellite
    Laser Launch Solar Satellite
 
Segment by Application
    Generate Electricity
    Space Application
    Other
 
Each chapter of the report provides detailed information for readers to further understand the Space Solar Arrays market:
Chapter 1: Introduces the report scope of the Space Solar Arrays report, global total market size (valve, volume and price). This chapter also provides the market dynamics, latest developments of the market, the driving factors and restrictive factors of the market, the challenges and risks faced by manufacturers in the industry, and the analysis of relevant policies in the industry. (2019-2030)
Chapter 2: Detailed analysis of Space Solar Arrays manufacturers competitive landscape, price, sales and revenue market share, latest development plan, merger, and acquisition information, etc. (2019-2024)
Chapter 3: Provides the analysis of various Space Solar Arrays market segments by Type, covering the market size and development potential of each market segment, to help readers find the blue ocean market in different market segments. (2019-2030)
Chapter 4: Provides the analysis of various market segments by Application, covering the market size and development potential of each market segment, to help readers find the blue ocean market in different downstream markets.(2019-2030)
Chapter 5:  Sales, revenue of Space Solar Arrays in regional level. It provides a quantitative analysis of the market size and development potential of each region and introduces the market development, future development prospects, market space, and market size of each country in the world..(2019-2030)
Chapter 6:  Sales, revenue of Space Solar Arrays in country level. It provides sigmate data by Type, and by Application for each country/region.(2019-2030)
Chapter 7: Provides profiles of key players, introducing the basic situation of the main companies in the market in detail, including product sales, revenue, price, gross margin, product introduction, recent development, etc. (2019-2024)
Chapter 8: Analysis of industrial chain, including the upstream and downstream of the industry.
Chapter 9: Conclusion.
 
Benefits of purchasing QYResearch report:
Competitive Analysis: QYResearch provides in-depth Space Solar Arrays competitive analysis, including information on key company profiles, new entrants, acquisitions, mergers, large market shear, opportunities, and challenges. These analyses provide clients with a comprehensive understanding of market conditions and competitive dynamics, enabling them to develop effective market strategies and maintain their competitive edge.
Industry Analysis: QYResearch provides Space Solar Arrays comprehensive industry data and trend analysis, including raw material analysis, market application analysis, product type analysis, market demand analysis, market supply analysis, downstream market analysis, and supply chain analysis.
and trend analysis. These analyses help clients understand the direction of industry development and make informed business decisions.
Market Size: QYResearch provides Space Solar Arrays market size analysis, including capacity, production, sales, production value, price, cost, and profit analysis. This data helps clients understand market size and development potential, and is an important reference for business development.
 
Other relevant reports of QYResearch:
Global Space Solar Arrays Market Insights, Forecast to 2030
Global Space Solar Arrays Market Research Report 2024
Space Solar Arrays - Global Market Insights and Sales Trends 2024
Global Space Solar Arrays Market Report, History and Forecast 2018-2029, Breakdown Data by Manufacturers, Key Regions, Types and Application
Global and United States Space Solar Arrays Market Report & Forecast 2023-2029
 
 

 

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