Mayur Yeole

What's driving the Smart Solar Market Growth?

Market Highlights

Market Research Future published a half-cooked research report on global Smart Solar Market. The Smart Solar Market is expected to expand at ~ 15.50% CAGR during the period 2018 to 2023. Solar power is witnessing an evolutionary change in the recent times. The growing demand for clean energy, is being catered by many renewable resources including solar power. This increase in the growing demand in the solar panel installation would require a proper system that would provide energy efficiency. Smart solar is a relatively a newer concept that uses the information and communication technologies to improve the efficiency of urban systems, involving solar power.

On the basis of device, the market is segmented as Intelligrid, RFID, smart solar meters, which are further segmented into AMR meters, AMI meters. AMR meters subsegment is estimated to dominate the market during the forecast period. AMR meters closely help the end users to monitor their energy usage and control costs. Moreover, AMR meters and related devices utilize distinct technologies and offer additional benefits to the end users.

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Market Research Analysis

Asia-Pacific is estimated to be the fastest growing market for smart solar.

Region wise, Asia-Pacific held the largest market share of the global smart solar market in 2017. It is estimated that North America would be the largest market during the forecast period. The increasing investment in smart solar in North America is due to the information flow and communication technology (ICT) integration, across end-use segments, especially households and commercial buildings. 

Scope of the Report

This report provides an in-depth analysis of the global smart solar market, tracking three market segments across five geographic regions. The report studies key players, providing a five-year annual trend analysis that highlights market size, and share for North America, Asia-Pacific (APAC), Europe, Middle East & Africa, and South America. The report also provides a forecast, focusing on the market opportunities for the next five years for each region. The scope of the study segments the Smart Solar Market by its device, solution, service, application, end-use, and region.

Key Players

The key players of global smart solar market are ABB (switzerland), GE Power (us), Itron Inc. (us), Schneider Electric (France), Echelon Corporation (US), Silver Spring Networks Inc. (US), Landis+GYR AG (switzerland), Sensus USA, Inc. (US), and Urban Green Energy (UGE) International (US).

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