Global Smart Solar Market - The Advanced Solar Energy Technology System to Grow at a CAGR of 15.22% During Forecast 2016-2020

Sep 01, 2016, 08:00 ET from Research Moz Global

ALABANY, New York, September 1, 2016 /PRNewswire/ --

Researchmoz has released a new market report titled "Global Smart Solar Market 2016-2020". 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.

The global smart solar market to grow at a CAGR of 15.22% during the period 2016-2020. 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

Get free research PDF for more Professional and Technical insights:

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.

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

Research Report with ToC & Free Analysis:

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?

Browse Related Research Report: 

Global Solar Diesel Hybrid Power Systems Market 2016-2020 

Off-grid power generation systems are typically used when there is a lack of capital constraints or the geographical landscape makes it difficult to have a grid connection. Conventionally, the off-grid area is powered using fossil fuel generators, but environmental concerns and its sustainability in terms of cost, in the long run, has created the need for alternate solutions. A hybrid system that is a combination of two or more power sources such as renewables and diesel generators is an attractive option. The system harnesses the abundance of renewable sources that are freely available to generate electricity, and when combined with a diesel generator, it displaces the fuel consumption. Thus, it reduces the cost and the emission related to diesel power generation. The hybrid system can also be combined with other technologies such as battery storage to improve its effectiveness. The global solar diesel hybrid power systems market to grow at a CAGR of 6.89% during the period 2016-2020.

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