Press release
Rise in Solar Energy Consumption and Installations Of Smart Solar Market To Grow At 15.22% CAGR To 2020
Smart solar is the advanced version of the existing solar energy technology system. This technology provides enhanced integration, support, communication, distribution, monitoring, and planning capabilities in the energy delivery system. The introduction of such enhanced technologies in components and services has led to a rise in demand for smart solar systems.
Technavios analysts forecast the global smart solar market to grow at a CAGR of 15.22% during the period 2016-2020.
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Covered in this report
The report covers the present scenario and the growth prospects of the global smart solar market for 2016-2020. In this report, 2015 is considered as the base year. It provides a comprehensive overview of the market along with segmentation by type - solutions and components.
The market is divided into the following segments based on geography:
Americas
APAC
EMEA
Technavio's report, Global Smart Solar Market 2016-2020, has been prepared based on an in-depth market analysis with inputs from industry experts. The report covers the market landscape and its growth prospects over the coming years. The report also includes a discussion of the key vendors operating in this market.
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Key vendors
ABB Ltd.
Echelon Corp.
GE Power & Water
Schneider Electric SE
Siemens AG
Other prominent vendors
Itron
Landis+GYR
Sensus USA
Silver Spring Networks
Solarcity
Sunnova
Urban Green Energy (UGE) International
Vivint Solar
Market driver
Rise in solar energy consumption and installations
For a full, detailed list, view our report
Market challenge
Long-term bankability of smart solar projects
For a full, detailed list, view our report
Market trend
Increasing demand for solutions and services
For a full, detailed list, view our report
Key questions answered in this report
What will the market size be in 2020 and what will the growth rate be?
What are the key market trends?
What is driving this market?
What are the challenges to market growth?
Who are the key vendors in this market space?
What are the market opportunities and threats faced by the key vendors?
What are the strengths and weaknesses of the key vendors?
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