Market Trends of France Distributed Solar Power Generation Industry
This section covers the major market trends shaping the France Distributed Solar Power Generation Market according to our research experts:
Increasing Demand for Clean Electricity to Drive the Market
- Increasing demand for clean energy is one of the primary drivers for the distributed solar power generation market in the country. The country has one of the highest electricity generation from nuclear energy in the world just behind the United States, with over 71% of electricity produced from nuclear energy, in 2018.
- Rooftop solar offers the benefits of modern electricity services to households that had no access to electricity, reducing electricity costs on islands and in other remote locations that are dependent on oil-fired generation, as well as enabling residents and small businesses to generate their own electricity.
- Commercial and industrial systems are expected to become the largest growth segment because they are usually more inexpensive and have a relatively stable load profile during the day that can enable larger savings on electricity bills, depending on the policy scheme in place.
- Therefore, the aforementioned factors are expected to drive the market in the forecast period.
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Electricity Generation from Nuclear Energy to Restraint the Market
- 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.
- The country has a history of over a decade of electricity generation from nuclear energy starting before 1960. The country has over 57 nuclear reactors spread over the country.
- Nuclear Energy maintains an edge over other forms of energy generation energy resources in the country due 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.
