France distributed solar power generation market size is estimated to register a substantial CAGR during the forecast period, 2021–2028. 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.
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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 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.
Competitive Landscape
Key players competing in France distributed solar power generation market include ENGIE; Sunpower; EDF EN; Saint Gobain; and Wagner Solar.
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