The smart solar global market report 2024 from The Business Research Company provides comprehensive market statistics, including global market size, regional shares, competitor market share, detailed segments, trends, and opportunities. This report offers an in-depth analysis of current and future industry scenarios, delivering a complete perspective for thriving in the industrial automation software market.
Smart Solar Market, 2024 report by The Business Research Company offers
comprehensive insights into the current state of the market and highlights
future growth opportunities.
Market Size -
The smart solar market size has grown rapidly in recent years. It will grow
from $17.12 billion in 2023 to $20.10 billion in 2024 at a compound annual
growth rate (CAGR) of 17.5%. The growth in the historic period can be
attributed to increasing adoption of clean energy, demand for sustainable
solutions, public awareness campaigns, awareness among consumers, and
government subsidies on solar.
The smart solar market size is expected to see rapid growth in the next few
years. It will grow to $35.54 billion in 2028 at a compound annual growth rate
(CAGR) of 15.3%. The growth in the forecast period can be attributed to the
increasing energy demand, policy support for decentralization, increasing
investments in renewable energy projects, Increasing digitalization and
adoption of IoT (Internet of Things) technologies, increasing electricity
demand in urban areas. Major trends in the forecast period include advances in technology,
energy storage solutions, smart inverters and power electronics, hairy-solar
panels, smart Inverter technologies, solar-powered IoT (Internet of Things)
devices.
Order your report now for swift delivery @
https://www.thebusinessresearchcompany.com/report/smart-solar-global-market-report
Scope Of Smart Solar Market
The Business Research Company's reports encompass a wide range of information,
including:
1. Market Size (Historic and Forecast): Analysis of the market's historical
performance and projections for future growth.
2. Drivers: Examination of the key factors propelling market growth.
3. Trends: Identification of emerging trends and patterns shaping the market
landscape.
4. Key Segments: Breakdown of the market into its primary segments and their
respective performance.
5. Focus Regions and Geographies: Insight into the most critical regions and
geographical areas influencing the market.
6. Macro Economic Factors: Assessment of broader economic elements impacting
the market.
Smart Solar Market Overview
Market Drivers -
The increasing adoption of green energy is expected to propel the growth of the
smart solar market going forward. Green energy refers to energy derived from
renewable and sustainable sources that have minimal impact on the environment.
The increasing adoption of green energy is driven by the urgent need to
mitigate climate change and reduce dependence on finite fossil fuel resources.
Green energy adoption enhances smart solar technology by optimizing energy
production, storage, and distribution, fostering efficient and sustainable
renewable energy systems. For instance, in December 2023, according to the
Department For Energy Security and Net Zero, a UK-based government department,
in the third quarter of 2023, renewable electricity generation reached a record
high of 30.1 terawatt-hours, marking a 6.8% increase compared to the same
period in 2022. Therefore, the increasing adoption of green energy is driving
the growth of the smart solar market.
Market Trends -
Major companies operating in the smart solar market are focusing on developing
innovative solutions, such as smart photovoltaics, to enhance energy efficiency
monitoring and integration with emerging technologies. These solutions leverage
advanced technology to optimize energy production and enhance grid integration,
while smart solar applications employ intelligent systems for efficient
monitoring, management, and utilization of solar energy. For instance, in
January 2024, Huawei Technologies Co. Ltd., a China-based technology company,
launched LUNA 2.0 to the Eastern Africa market, a sophisticated smart PV
solution meticulously crafted to enhance the efficiency, monitoring, and
control of photovoltaic (PV) solar energy generation. Implementation empowers
homeowners to attain complete autonomy from conventional power grids or
markedly diminish reliance, shifting a substantial share of energy consumption
to solar power. Embracing these solutions not only cultivates energy
independence but also lessens dependence on centralized grid systems.
The smart solar market covered in this report is segmented –
1) By Product: Photovoltaic Cells, Photovoltaic Panels, Inverters, Generators,
Other Products
2) By Service: Asset Management, Network Monitoring, Meter Data Management,
Remote Metering, Other Services
3) By End-User: Commercial, Industrial, Residential
Get an inside scoop of the smart solar market, Request now for Sample Report @
https://www.thebusinessresearchcompany.com/sample.aspx?id=14500&type=smp
Regional Insights -
North America was the largest region in the smart solar market in 2023.
Asia-Pacific is expected to be the fastest-growing region in the forecast
period. The regions covered in the smart solar market report are Asia-Pacific,
Western Europe, Eastern Europe, North America, South America, Middle East,
Africa.
Key Companies -
Major companies operating in the smart solar market are Huawei Technologies Co.
Ltd., Tesla Inc., Siemens AG, LG Electronics Inc., Panasonic Corporation,
Schneider Electric SE, ABB Ltd., LONGi Green Energy Technology Co. Ltd., Sharp
Corporation, Delta Electronics Inc., Trina Solar Co. Ltd., JinkoSolar Holding
Co. Ltd., Canadian Solar Inc., Sungrow Power Supply Co. Ltd., SolarEdge
Technologies Inc., First Solar Inc., Enphase Energy Inc., Sunrun Inc., SunPower
Corporation, Sensus USA Inc., SMA Solar Technology AG, SolarCity Corporation,
SolarWinds Corporation, Sunnova Energy International Inc., Vivint Solar Inc.,
ReneSola Ltd., Lumin Solar, Solaria Corporation, Hanwha Q Cells Co. Ltd.
Table of Contents
1. Executive Summary
2. Smart Solar Market Report Structure
3. Smart Solar Market Trends And Strategies
4. Smart Solar Market – Macro Economic Scenario
5. Smart Solar Market Size And Growth
…..
27. Smart Solar Market Competitor Landscape And Company Profiles
28. Key Mergers And Acquisitions
29. Future Outlook and Potential Analysis
30. Appendix
Contact Us:
The Business Research Company
Europe: +44 207 1930 708
Asia: +91 88972 63534
Americas: +1 315 623 0293
Email: info@tbrc.info
Follow Us On:
LinkedIn: https://in.linkedin.com/company/the-business-research-company
Twitter: https://twitter.com/tbrc_info
Facebook: https://www.facebook.com/TheBusinessResearchCompany
YouTube: https://www.youtube.com/channel/UC24_fI0rV8cR5DxlCpgmyFQ
Blog: https://blog.tbrc.info/
Healthcare Blog: https://healthcareresearchreports.com/
Global Market Model:
https://www.thebusinessresearchcompany.com/global-market-model
No comments:
Post a Comment