According to Goldstein Research, global smart solar technology market is expected to grow from USD 6.4 billion in 2016, at a CAGR of 17.4% over the forecast period 2016-2024. Rising deployment and adoption of smart solar systems such as smart grid technologies in order to meet the energy requirement are anticipated to fuel the global smart solar technology market during the forecast period. Global smart solar technology market segmentation has been done on the basis of components, application, end user and geography. Solar photovoltaic (PV) cells are the fastest-growing supply source for electricity across the globe owing to low cost and technologically advance source of energy that makes smart solar technology an attractive opportunity for policy makers and thus reducing the environmental impact. Global smart solar technology market is largely dominated by the tropical countries such as Japan, India, Chile, France, China, Turkey, Brazil, Mexico and El Salvador which are expected to bring new business opportunities for smart solar technology market over the forecast period.
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Market Segmentation
On the basis of our in-depth analysis, Global Smart Solar Technology Market can be segmented as follows:
Based on Components for Smart Solar Technology
• By Hardware for Smart Solar Technology
1. Smart Metering Devices
2. Radio Frequency Identification (RFID)
3. Advanced metering infrastructure (AMI)
4. Intelligrid
By Services for Smart Solar Technology
1. Consulting Services
2. Integration & Deployment Services
3. Support & Maintenance Services
Based on Solutions for Smart Solar Technology
1. Supervisory Control and Data Acquisition (SCADA) systems
2. Asset Management
3. Network Monitoring
4. Meter Data Management
5. Outage Management
6. Analytics
7. Remote Metering
Based on Application for Smart Solar Technology
1. Residential
2. Commercial
3. Industrial
Based on Smart Solar Technology for End-User
1. Energy & Utilities
2. Healthcare
3. Construction
4. Manufacturing
5. Agriculture
By Region
1. North America (US, Canada) {Market Share (%), Market Size (USD Billion, Adoption Rate (%)}
2. Europe (UK, France, Italy, Germany, Spain, Hungary, Sweden, Russia, Poland and Rest of Europe) {Market Share (%), Market Size (USD Billion), Adoption Rate (%)}
3. Middle East and Africa (GCC Countries, North Africa, South Africa and Rest of Middle East & Africa) {Market Share (%), Market Size (USD Billion), Adoption Rate (%)}
4. Latin America (Brazil, Mexico and Rest of Latin America) {Market Share (%), Market Size (USD Billion), Adoption Rate (%)}
5. Asia Pacific (China, Japan, India, Singapore, South Korea, Australia, New Zealand and Rest of Asia-Pacific) {Market Share (%), Market Size (USD Billion), Adoption Rate (%)}
6. Rest of the World {Market Share (%), Market Size (USD Billion), Adoption Rate (%)}
“Global Smart Solar Technology Market Outlook 2024” contains detailed overview of the global smart solar technology market. On the basis of our in-depth analysis, market can be segmented in terms of market segmentation by components, application and end user.
Further, for the in-depth analysis, Global Smart Solar Technology Market Report encompasses the industry growth drivers, market challenges, risk analysis, market attractiveness, BPS (Base Point Scale) analysis, Porter’s five force model and SWOT analysis. This market report also includes competitive outlook of some of the major players profiling of companies such as GE Energy, ABB Ltd., Echelon Corporation, Schneider Electric, HCL Technologies, Siemens AG, Sensus USA Inc., Silver Spring Networks Inc., Landis Gyrag, Solarcity, Itron Inc., Sunnova, Sun Power, Urban Green Energy (UGE) International, Calico Energy Services, Aclara Technologies LLC, Smart Solar Solutions LLC, Intergraph, Vivint Solar, Trina Solar, JA Solar, Yingli, Suntech, Jinko Solar, Canadian Solar, Hanwha Q-Cells, IBM Corporation, Google Inc., Microsoft, Oracle, Intel, etc. The company profiles include business strategy, geographical revenue distribution, major information of the companies which encompasses business outlook, products, services and industries catered, financial analysis of the company and recent developments. Overall, the report represents the global smart solar technology market trends along with market forecast that will help industry consultants, technology providers, existing players searching for expansion opportunities, new players searching possibilities and other stakeholders to align their market centric strategies according to the ongoing and expected trends in the future.
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