Global Smart Solar Market Size is estimated to expand rapidly in coming years, at a CAGR of 19.3 % from 2018 to 2025. In 2017, the global market valuation was USD 9.8 billion, and it is anticipated to be greater than USD xx.xx billion by 2025. Increasing energy demand combined with the depletion of natural energy resources is anticipated to drive the worldwide intelligent solar market over the forecast period. The Smart solar solution involves multiple services linked to demand reaction monitoring and intelligent metering. In addition, the solution is also useful in effective energy management and providing creative methods to control energy requirements. Geographically, Asia Pacific market is expected to grow at a higher rate in the forecast period.

Global Market Growth Opportunities (Revenue, Growth) By 2017-2025

This global market study report analysis offers in-depth insights, revenue details, and other vital information regarding the global smart solar market, and the various trends, drivers, restraints, opportunities, and threats in the target market till 2025. The report offers insightful and detailed information regarding the various key players operating in the market, their financials, supply chain trends, technological innovations, key developments, apart from future strategies, acquisitions & mergers, and market footprint. The global smart solar market report has been segmented on the basis of type, application, and region. It includes the estimation of the market size, in terms of value, with respect to 4 main geographies, namely, North America, Europe, APAC, and RoW.

Segment Analysis

By Solution Insights: On the basis of solution, the global smart solar market has been segmented into network monitoring, meter data management, analytics, SCADA, remote metering, asset management. Among which asset management segment is expected to be the highest growing segment in the global market of smart solar. This development is driven by technological development and rigorous regulatory mandates across emerging regions such as North America and Europe. Meter data management that is MDM is expected to witness high growth in the global market owing to the emerging use of a smart grid and smart meters technology.

By Application Insights: On the basis of application, the global smart solar market has been segmented into commercial & industrial, residential. Among which commercial and industrial segment has accounted for the largest share in the forecast period. High-cost participation combined with product inefficiency are some factors that are anticipated to hamper the worldwide intelligent solar market growth.

Regional Analysis

The smart solar market is divided into regions that are North America - U.S, Canada, Other; Asia-Pacific -India, Japan, China, Australia, Other; Europe - UK, Russia, France, Brazil, Other; the Middle East and Africa. Every region analysis details in sense of growth, revenue, volume, challenges, and opportunities with the regional and global key players. In terms of region, the Asia Pacific region is expected to witness high growth in the market in the forecast period. The Asia Pacific dominates the worldwide intelligent solar market due to technological advances and enormous solar-based industries. Emerging countries in the region such as China, India, and Japan are considerably using smart solar systems in industries and commercial segment.

North America is expected to witness high growth in the upcoming time span. North America is anticipated to see the biggest and fastest intelligent solar market because of the enormous demand for solar-based applications, combined with the development of public projects to boost the renewable energy market, particularly in the solar sector. The main driving forces for this development are enormous technological expenditure and penetration of meter and component manufacturing sectors in Europe. Middle East and Africa are expected to show healthy growth in the global market of smart solar.

Global Smart Solar Market Size, Share Analysis by Region 2017

Global Smart Solar Market Study Objective

1. To forecast the market size of the smart solar market, along with describing and defining the market, in terms of volume and revenue as well as market opportunities for stakeholders, in order to provide a competitive landscape for global market players.

2. Market analysis and forecast of the smart solar market on the basis of region, substrate, and application or end-use industry. To profile major market players, and to analyze their market shares and essential competencies comprehensively.

3. To analyze and elaborate on significant factors that will have a major impact on the growth of the smart solar market, such as drivers, restraints, challenges, and opportunities.

4. The regional analysis of the smart solar market, to induce market size of five global major regions, which include, Europe, North America, South America, Middle East & Africa, and the Asia Pacific.

5. Strategic analysis of micro-markets, in terms of individual prospects, opportunities, growth trends and their involvement in the overall market.

6. To provide detailed analysis of competitive and strategic developments in the smart solar market like a new product launch, partnership & agreement, investment & expansion, and company merger & acquisitions.

Key Players Landscape

Silver Spring Networks, INC, GE Energy, Echelon, Smart Solar Solutions LLC, Intergraph, Aclara Software, Calico Energy Services, Sun Power, Trilliant, INC, Schneider Electric, Urban Green Energy, Cooper Industries, Landis Gyrag, ABB, HCL Technologies, Sensus, BPL Global LTD, Itron, INC and Siemens are some of the key players in the market of smart solar.

Global Smart Solar Market Study Report Offer You!

The global smart solar market study report gives an idea about market size, share, stock, equity, investment and total price analysis. Also, the report provides comprehensively industry insights with all major factors such as market credit, allocation, demand, distribution, market scope, key players, end-user & applications, provisions, livestock, commodities and industry economics analysis, future growth & forecast. The global market report includes all depth data like pre-market emphasis, market survey, market investment, industry advice, portfolio, finance, access, trade, market exploration, industry review and market predication & projection to develop effective strategies for optimizing their market position.