Press release
Smart Solar Solutions Market 2021 Global Outlook - Siemens AG, ABB Ltd, GE Renewable Energy, Echelon Corporation, Schneider Electric SE
The Smart Solar Solutions Market report is a compilation of first-hand information, qualitative and quantitative assessment by industry analysts, inputs from industry experts and industry participants across the value chain. The report provides in-depth analysis of parent market trends, macro-economic indicators and governing factors along with market attractiveness as per segments. The report also maps the qualitative impact of various market factors on market segments and geographies.The smart solar solutions market is expected to register a growth rate of 16% over the forecast period (2021 - 2026).
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Top Leading Companies of Smart Solar Solutions Market are Siemens AG, ABB Ltd, GE Renewable Energy, Echelon Corporation, Schneider Electric SE, Silver Spring Networks (Itron, Inc.), Smart Solar Ltd., Trilliant Incorporated, Urban Green Energy Inc., Aclara Software Inc. and others.
Industry News and Updates
May 2019 - Due to the increasing demand for higher levels of safety and performance in solar photovoltaic plants, ABB Ltd. launched its most potent solar string combiner boxes range at Intersolar 2019. Solar string combiners improve the safety of solar panels and the entire photovoltaic plant. To counteract overvoltage a common cause of damage to electrical appliances, it has developed a comprehensive plug-and-play solution.
- May 2019 - Coop, one of the largest retailers in Switzerland, has adopted ABB Ltd. solar inverter technology as part of its ambitious target to become carbon neutral by 2023. Coop has already reached an energy self-consumption rate of 90 percent with the help ABB Ltd.
Key Market Trends
Asia-Pacific to Witness a Significant Growth Rate Over the Forecast Period
- Smart solar solutions are gaining momentum extensively in Asia-Pacific. Many nations in this region consider smart solar solutions as a middle-out innovation growth.
- With the focus of the energy industry shifting toward renewable energy sources, the solar industry is witnessing increased demand from this region as favorable policies like the FIT scheme in Japan have shown in the recent past. Growing grid automation and demand response investments in Japan, India, and South Korea are helping this industry progress forward.
- The Chinese solar power industry has been the fastest growing market for the past few years. China deployed a record 53.06 GW of photovoltaic (PV) capacity in 2017. The capacity additions were 54% higher than in 2016. At the end of 2017, China's cumulative installed solar capacity amounted to 130.25 GW, with solar PV accounting for 7.2% of the country's total power generation capacity.
Regional Outlook of Smart Solar Solutions Market report includes the following geographic areas such as: North America, Europe, China, Japan, Southeast Asia, India and ROW.
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What Are The Market Factors That Are Explained In The Report?
Key Strategic Developments: The study also includes the key strategic developments of the market, comprising R&D, new product launch, M&A, agreements, collaborations, partnerships, joint ventures, and regional growth of the leading competitors operating in the market on a global and regional scale.
Analytical Tools: The Smart Solar Solutions Market Report includes the accurately studied and assessed data of the key industry players and their scope in the market by means of a number of analytical tools. The analytical tools such as Porter’s five forces analysis, SWOT analysis, feasibility study, and investment return analysis have been used to analyze the growth of the key players operating in the market.
Key Market Features: The report evaluated key market features, including revenue, price, capacity, capacity utilization rate, gross, production, production rate, consumption, import/export, supply/demand, cost, market share, CAGR, and gross margin. In addition, the study offers a comprehensive study of the key market dynamics and their latest trends, along with pertinent market segments and sub-segments.
Customization of the Report: This report can be customized as per your needs for additional data up to 3 companies or countries or 40 analyst hours.
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MarketInsightsReports provides syndicated market research on industry verticals including Healthcare, Information and Communication Technology (ICT), Technology and Media, Chemicals, Materials, Energy, Heavy Industry, etc. MarketInsightsReports provides global and regional market intelligence coverage, a 360-degree market view which includes statistical forecasts, competitive landscape, detailed segmentation, key trends, and strategic recommendations.
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