Smart Solar Power Market Updates by 2031
The smart solar power market is in its nascent stage, as there is a high demand for energy management solutions and monitoring devices across various industry verticals. The report showcases the various services & solutions provided by the technology. Mechanized meters, monitoring platforms and usage in analytics & IT are the key drivers of the smart solar power market. Companies operating in this intensely competitive market are adopting product launch as a developmental strategy to gain competitive edge. Companies such as HCL and GE Energy are introducing novel products such as smart solar mobile phones, protronix power boxes etc.
MARKET SCOPE
The "Global Smart solar power Market Analysis to 2031" is a specialized and in-depth study of the Smart solar power market with a special focus on the global market trend analysis. The report aims to provide an overview of Smart solar power market with detailed market segmentation by component, end-user, and geography. The global Smart solar power market is expected to witness high growth during the forecast period. The report provides key statistics on the market status of the leading Smart solar power market players and offers key trends and opportunities in the Smart solar power market.
MARKET SEGMENTATION
- The global smart solar power market is segmented on the basis of component, and end-user.
- On the basis of technology, the market is divided into automation, metering, communication, and intelligrid.
- On the basis of end-user the market is segmented into utility, government and public affairs, education, and healthcare.
Drivers
- Growing Installation of Solar Energy Grids to Propel Market Growth
- High Demand for Smart Solar Technology to Drive Market Growth.
- Land Use Constraint & High Operational & Maintenance Cost to Hinder Market Growth.
The report provides a detailed overview of the industry including both qualitative and quantitative information. It provides an overview and forecast of the global market based on various segments. It also provides market size and forecast estimates from the year 2021 to 2031 with respect to five major regions, namely; North America, Europe, Asia-Pacific (APAC), the Middle East and Africa (MEA), and South America. The smart solar power market by each region is later sub-segmented by respective countries and segments. The report covers the analysis and forecast of 18 countries globally along with the current trend and opportunities prevailing in the region.
The report analyzes factors affecting the market from both demand and supply side and further evaluates market dynamics affecting the marketduring the forecast period i.e., drivers, restraints, opportunities, and future trend. The report also provides exhaustive PEST analysis for all five regions namely; North America, Europe, APAC, MEA, and South America after evaluating political, economic, social and technological factors affecting the smart solar power market in these regions.
IMPACT OF COVID-19 ON SMART SOLAR POWER MARKET
COVID-19 had an immediate impact on the worldwide smart solar power sector due to social distancing norms and a labour shortage. As a result, new projects were cancelled and installations were postponed.
Furthermore, the substantial drop in consumer spending had a significant impact on demand. Consumer spending during the lockout had a significant impact on the smart solar power sector, which included a variety of solar storage devices. Furthermore, due to movement restrictions, the upstream and downstream channels have been impacted, resulting in an increase in inventories. Furthermore, the market was harmed by a strong reliance on Chinese solar cell, smart solar power, and solar module exports. Around 80% of India's solar products are imported from China. Because China's manufacturing enterprises have been idle for the past 6-7 years.
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- Sample PDF showcases the content structure and the nature of the information with qualitative and quantitative analysis.
- Request discounts available for Start-Ups & Universities
The report provides a detailed overview of the industry including both qualitative and quantitative information. It provides an overview and forecast of the global market based on various segments. It also provides market size and forecast estimates from the year 2021 to 2031 with respect to five major regions, namely; North America, Europe, Asia-Pacific (APAC), the Middle East and Africa (MEA), and South America. The smart solar power market by each region is later sub-segmented by respective countries and segments. The report covers the analysis and forecast of 18 countries globally along with the current trend and opportunities prevailing in the region.
The report analyzes factors affecting the market from both demand and supply side and further evaluates market dynamics affecting the marketduring the forecast period i.e., drivers, restraints, opportunities, and future trend. The report also provides exhaustive PEST analysis for all five regions namely; North America, Europe, APAC, MEA, and South America after evaluating political, economic, social and technological factors affecting the smart solar power market in these regions.
IMPACT OF COVID-19 ON SMART SOLAR POWER MARKET
COVID-19 had an immediate impact on the worldwide smart solar power sector due to social distancing norms and a labour shortage. As a result, new projects were cancelled and installations were postponed.
Furthermore, the substantial drop in consumer spending had a significant impact on demand. Consumer spending during the lockout had a significant impact on the smart solar power sector, which included a variety of solar storage devices. Furthermore, due to movement restrictions, the upstream and downstream channels have been impacted, resulting in an increase in inventories. Furthermore, the market was harmed by a strong reliance on Chinese solar cell, smart solar power, and solar module exports. Around 80% of India's solar products are imported from China. Because China's manufacturing enterprises have been idle for the past 6-7 years.
MARKET PLAYERS
The report covers key developments in the smart solar power market organic and inorganic growth strategies. Various companies are focusing on organic growth strategies such as product launches, product approvals and others such as patents and events. Inorganic growth strategies activities witnessed in the marketwere acquisitions, and partnership & collaborations. These activities have paved way for the expansion of business and customer base of market players. The market payers from smart solar powermarket market are anticipated to lucrative growth opportunities in the future with the rising demand for smart solar power market in the global market.
The report also includes the profiles of key companies along with their SWOT analysis and market strategies in the Smart solar power market. In addition, the report focuses on leading industry players with information such as company profiles, components, and services offered, financial information of the last 3 years, the key development in the past five years.
- ABB
- Itron Inc.
- Aeris
- Solnet Group
- Solar Data Systems, Inc.
- Aclara Technologies LLC
- General Electric
- Huawei Technologies Co., Ltd
- Siemens
- Landis+Gyr
- Sample PDF showcases the content structure and the nature of the information with qualitative and quantitative analysis.
- Request discounts available for Start-Ups & Universities
Report Coverage
Revenue forecast, Company Analysis, Industry landscape, Growth factors, and Trends
Segment Covered
This text is related
to segments covered.
Regional Scope
North America, Europe, Asia Pacific, Middle East & Africa, South & Central America
Country Scope
This text is related
to country scope.
TABLE OF CONTENTS
1. INTRODUCTION
1.1. SCOPE OF THE STUDY
1.2. THE INSIGHT PARTNERS RESEARCH REPORT GUIDANCE
1.3. MARKET SEGMENTATION
1.3.1 Smart Solar Power Market - By Component
1.3.2 Smart Solar Power Market - By End-User
1.3.3 Smart Solar Power Market - By Region
1.3.3.1 By Country
2. KEY TAKEAWAYS
3. RESEARCH METHODOLOGY
4. SMART SOLAR POWER MARKET LANDSCAPE
4.1. OVERVIEW
4.2. PEST ANALYSIS
4.2.1 North America - Pest Analysis
4.2.2 Europe - Pest Analysis
4.2.3 Asia-Pacific - Pest Analysis
4.2.4 Middle East and Africa - Pest Analysis
4.2.5 South and Central America - Pest Analysis
4.3. EXPERT OPINIONS
5. SMART SOLAR POWER MARKET - KEY MARKET DYNAMICS
5.1. KEY MARKET DRIVERS
5.2. KEY MARKET RESTRAINTS
5.3. KEY MARKET OPPORTUNITIES
5.4. FUTURE TRENDS
5.5. IMPACT ANALYSIS OF DRIVERS AND RESTRAINTS
6. SMART SOLAR POWER MARKET - GLOBAL MARKET ANALYSIS
6.1. SMART SOLAR POWER - GLOBAL MARKET OVERVIEW
6.2. SMART SOLAR POWER - GLOBAL MARKET AND FORECAST TO 2028
6.3. MARKET POSITIONING
7. SMART SOLAR POWER MARKET - REVENUE AND FORECASTS TO 2028 - COMPONENT
7.1. OVERVIEW
7.2. COMPONENT MARKET FORECASTS AND ANALYSIS
7.3. AUTOMATION
7.3.1. Overview
7.3.2. Automation Market Forecast and Analysis
7.4. METERING
7.4.1. Overview
7.4.2. Metering Market Forecast and Analysis
7.5. COMMUNICATION
7.5.1. Overview
7.5.2. Communication Market Forecast and Analysis
7.6. INTELLIGRID
7.6.1. Overview
7.6.2. IntelliGrid Market Forecast and Analysis
8. SMART SOLAR POWER MARKET - REVENUE AND FORECASTS TO 2028 - END-USER
8.1. OVERVIEW
8.2. END-USER MARKET FORECASTS AND ANALYSIS
8.3. UTILITY
8.3.1. Overview
8.3.2. Utility Market Forecast and Analysis
8.4. GOVERNMENT AND PUBLIC AFFAIRS
8.4.1. Overview
8.4.2. Government and Public Affairs Market Forecast and Analysis
8.5. EDUCATION
8.5.1. Overview
8.5.2. Education Market Forecast and Analysis
8.6. HEALTHCARE
8.6.1. Overview
8.6.2. Healthcare Market Forecast and Analysis
9. SMART SOLAR POWER MARKET REVENUE AND FORECASTS TO 2028 - GEOGRAPHICAL ANALYSIS
9.1. NORTH AMERICA
9.1.1 North America Smart Solar Power Market Overview
9.1.2 North America Smart Solar Power Market Forecasts and Analysis
9.1.3 North America Smart Solar Power Market Forecasts and Analysis - By Component
9.1.4 North America Smart Solar Power Market Forecasts and Analysis - By End-User
9.1.5 North America Smart Solar Power Market Forecasts and Analysis - By Countries
9.1.5.1 United States Smart Solar Power Market
9.1.5.1.1 United States Smart Solar Power Market by Component
9.1.5.1.2 United States Smart Solar Power Market by End-User
9.1.5.2 Canada Smart Solar Power Market
9.1.5.2.1 Canada Smart Solar Power Market by Component
9.1.5.2.2 Canada Smart Solar Power Market by End-User
9.1.5.3 Mexico Smart Solar Power Market
9.1.5.3.1 Mexico Smart Solar Power Market by Component
9.1.5.3.2 Mexico Smart Solar Power Market by End-User
9.2. EUROPE
9.2.1 Europe Smart Solar Power Market Overview
9.2.2 Europe Smart Solar Power Market Forecasts and Analysis
9.2.3 Europe Smart Solar Power Market Forecasts and Analysis - By Component
9.2.4 Europe Smart Solar Power Market Forecasts and Analysis - By End-User
9.2.5 Europe Smart Solar Power Market Forecasts and Analysis - By Countries
9.2.5.1 Germany Smart Solar Power Market
9.2.5.1.1 Germany Smart Solar Power Market by Component
9.2.5.1.2 Germany Smart Solar Power Market by End-User
9.2.5.2 France Smart Solar Power Market
9.2.5.2.1 France Smart Solar Power Market by Component
9.2.5.2.2 France Smart Solar Power Market by End-User
9.2.5.3 Italy Smart Solar Power Market
9.2.5.3.1 Italy Smart Solar Power Market by Component
9.2.5.3.2 Italy Smart Solar Power Market by End-User
9.2.5.4 United Kingdom Smart Solar Power Market
9.2.5.4.1 United Kingdom Smart Solar Power Market by Component
9.2.5.4.2 United Kingdom Smart Solar Power Market by End-User
9.2.5.5 Russia Smart Solar Power Market
9.2.5.5.1 Russia Smart Solar Power Market by Component
9.2.5.5.2 Russia Smart Solar Power Market by End-User
9.2.5.6 Rest of Europe Smart Solar Power Market
9.2.5.6.1 Rest of Europe Smart Solar Power Market by Component
9.2.5.6.2 Rest of Europe Smart Solar Power Market by End-User
9.3. ASIA-PACIFIC
9.3.1 Asia-Pacific Smart Solar Power Market Overview
9.3.2 Asia-Pacific Smart Solar Power Market Forecasts and Analysis
9.3.3 Asia-Pacific Smart Solar Power Market Forecasts and Analysis - By Component
9.3.4 Asia-Pacific Smart Solar Power Market Forecasts and Analysis - By End-User
9.3.5 Asia-Pacific Smart Solar Power Market Forecasts and Analysis - By Countries
9.3.5.1 Australia Smart Solar Power Market
9.3.5.1.1 Australia Smart Solar Power Market by Component
9.3.5.1.2 Australia Smart Solar Power Market by End-User
9.3.5.2 China Smart Solar Power Market
9.3.5.2.1 China Smart Solar Power Market by Component
9.3.5.2.2 China Smart Solar Power Market by End-User
9.3.5.3 India Smart Solar Power Market
9.3.5.3.1 India Smart Solar Power Market by Component
9.3.5.3.2 India Smart Solar Power Market by End-User
9.3.5.4 Japan Smart Solar Power Market
9.3.5.4.1 Japan Smart Solar Power Market by Component
9.3.5.4.2 Japan Smart Solar Power Market by End-User
9.3.5.5 South Korea Smart Solar Power Market
9.3.5.5.1 South Korea Smart Solar Power Market by Component
9.3.5.5.2 South Korea Smart Solar Power Market by End-User
9.3.5.6 Rest of Asia-Pacific Smart Solar Power Market
9.3.5.6.1 Rest of Asia-Pacific Smart Solar Power Market by Component
9.3.5.6.2 Rest of Asia-Pacific Smart Solar Power Market by End-User
9.4. MIDDLE EAST AND AFRICA
9.4.1 Middle East and Africa Smart Solar Power Market Overview
9.4.2 Middle East and Africa Smart Solar Power Market Forecasts and Analysis
9.4.3 Middle East and Africa Smart Solar Power Market Forecasts and Analysis - By Component
9.4.4 Middle East and Africa Smart Solar Power Market Forecasts and Analysis - By End-User
9.4.5 Middle East and Africa Smart Solar Power Market Forecasts and Analysis - By Countries
9.4.5.1 South Africa Smart Solar Power Market
9.4.5.1.1 South Africa Smart Solar Power Market by Component
9.4.5.1.2 South Africa Smart Solar Power Market by End-User
9.4.5.2 Saudi Arabia Smart Solar Power Market
9.4.5.2.1 Saudi Arabia Smart Solar Power Market by Component
9.4.5.2.2 Saudi Arabia Smart Solar Power Market by End-User
9.4.5.3 U.A.E Smart Solar Power Market
9.4.5.3.1 U.A.E Smart Solar Power Market by Component
9.4.5.3.2 U.A.E Smart Solar Power Market by End-User
9.4.5.4 Rest of Middle East and Africa Smart Solar Power Market
9.4.5.4.1 Rest of Middle East and Africa Smart Solar Power Market by Component
9.4.5.4.2 Rest of Middle East and Africa Smart Solar Power Market by End-User
9.5. SOUTH AND CENTRAL AMERICA
9.5.1 South and Central America Smart Solar Power Market Overview
9.5.2 South and Central America Smart Solar Power Market Forecasts and Analysis
9.5.3 South and Central America Smart Solar Power Market Forecasts and Analysis - By Component
9.5.4 South and Central America Smart Solar Power Market Forecasts and Analysis - By End-User
9.5.5 South and Central America Smart Solar Power Market Forecasts and Analysis - By Countries
9.5.5.1 Brazil Smart Solar Power Market
9.5.5.1.1 Brazil Smart Solar Power Market by Component
9.5.5.1.2 Brazil Smart Solar Power Market by End-User
9.5.5.2 Argentina Smart Solar Power Market
9.5.5.2.1 Argentina Smart Solar Power Market by Component
9.5.5.2.2 Argentina Smart Solar Power Market by End-User
9.5.5.3 Rest of South and Central America Smart Solar Power Market
9.5.5.3.1 Rest of South and Central America Smart Solar Power Market by Component
9.5.5.3.2 Rest of South and Central America Smart Solar Power Market by End-User
10. INDUSTRY LANDSCAPE
10.1. MERGERS AND ACQUISITIONS
10.2. AGREEMENTS, COLLABORATIONS AND JOIN VENTURES
10.3. NEW PRODUCT LAUNCHES
10.4. EXPANSIONS AND OTHER STRATEGIC DEVELOPMENTS
11. SMART SOLAR POWER MARKET, KEY COMPANY PROFILES
11.1. ABB
11.1.1. Key Facts
11.1.2. Business Description
11.1.3. Products and Services
11.1.4. Financial Overview
11.1.5. SWOT Analysis
11.1.6. Key Developments
11.2. ITRON INC.
11.2.1. Key Facts
11.2.2. Business Description
11.2.3. Products and Services
11.2.4. Financial Overview
11.2.5. SWOT Analysis
11.2.6. Key Developments
11.3. AERIS
11.3.1. Key Facts
11.3.2. Business Description
11.3.3. Products and Services
11.3.4. Financial Overview
11.3.5. SWOT Analysis
11.3.6. Key Developments
11.4. SOLNET GROUP
11.4.1. Key Facts
11.4.2. Business Description
11.4.3. Products and Services
11.4.4. Financial Overview
11.4.5. SWOT Analysis
11.4.6. Key Developments
11.5. SOLAR DATA SYSTEMS, INC.
11.5.1. Key Facts
11.5.2. Business Description
11.5.3. Products and Services
11.5.4. Financial Overview
11.5.5. SWOT Analysis
11.5.6. Key Developments
11.6. ACLARA TECHNOLOGIES LLC
11.6.1. Key Facts
11.6.2. Business Description
11.6.3. Products and Services
11.6.4. Financial Overview
11.6.5. SWOT Analysis
11.6.6. Key Developments
11.7. GENERAL ELECTRIC
11.7.1. Key Facts
11.7.2. Business Description
11.7.3. Products and Services
11.7.4. Financial Overview
11.7.5. SWOT Analysis
11.7.6. Key Developments
11.8. HUAWEI TECHNOLOGIES CO., LTD (CHINA)
11.8.1. Key Facts
11.8.2. Business Description
11.8.3. Products and Services
11.8.4. Financial Overview
11.8.5. SWOT Analysis
11.8.6. Key Developments
11.9. SIEMENS
11.9.1. Key Facts
11.9.2. Business Description
11.9.3. Products and Services
11.9.4. Financial Overview
11.9.5. SWOT Analysis
11.9.6. Key Developments
11.10. LANDIS+GYR
11.10.1. Key Facts
11.10.2. Business Description
11.10.3. Products and Services
11.10.4. Financial Overview
11.10.5. SWOT Analysis
11.10.6. Key Developments
12. APPENDIX
12.1. ABOUT THE INSIGHT PARTNERS
12.2. GLOSSARY OF TERMS
The List Of Companies
- ABB
- Itron Inc.
- Aeris
- Solnet Group
- Solar Data Systems, Inc.
- Aclara Technologies LLC
- General Electric
- Huawei Technologies Co., Ltd (China)
- Siemens
- Landis+Gyr
The Insight Partners performs research in 4 major stages: Data Collection & Secondary Research, Primary Research, Data Analysis and Data Triangulation & Final Review.
- Data Collection and Secondary Research:
As a market research and consulting firm operating from a decade, we have published many reports and advised several clients across the globe. First step for any study will start with an assessment of currently available data and insights from existing reports. Further, historical and current market information is collected from Investor Presentations, Annual Reports, SEC Filings, etc., and other information related to company’s performance and market positioning are gathered from Paid Databases (Factiva, Hoovers, and Reuters) and various other publications available in public domain.
Several associations trade associates, technical forums, institutes, societies and organizations are accessed to gain technical as well as market related insights through their publications such as research papers, blogs and press releases related to the studies are referred to get cues about the market. Further, white papers, journals, magazines, and other news articles published in the last 3 years are scrutinized and analyzed to understand the current market trends.
- Primary Research:
The primarily interview analysis comprise of data obtained from industry participants interview and answers to survey questions gathered by in-house primary team.
For primary research, interviews are conducted with industry experts/CEOs/Marketing Managers/Sales Managers/VPs/Subject Matter Experts from both demand and supply side to get a 360-degree view of the market. The primary team conducts several interviews based on the complexity of the markets to understand the various market trends and dynamics which makes research more credible and precise.
A typical research interview fulfils the following functions:
- Provides first-hand information on the market size, market trends, growth trends, competitive landscape, and outlook
- Validates and strengthens in-house secondary research findings
- Develops the analysis team’s expertise and market understanding
Primary research involves email interactions and telephone interviews for each market, category, segment, and sub-segment across geographies. The participants who typically take part in such a process include, but are not limited to:
- Industry participants: VPs, business development managers, market intelligence managers and national sales managers
- Outside experts: Valuation experts, research analysts and key opinion leaders specializing in the electronics and semiconductor industry.
Below is the breakup of our primary respondents by company, designation, and region:
Once we receive the confirmation from primary research sources or primary respondents, we finalize the base year market estimation and forecast the data as per the macroeconomic and microeconomic factors assessed during data collection.
- Data Analysis:
Once data is validated through both secondary as well as primary respondents, we finalize the market estimations by hypothesis formulation and factor analysis at regional and country level.
- 3.1 Macro-Economic Factor Analysis:
We analyse macroeconomic indicators such the gross domestic product (GDP), increase in the demand for goods and services across industries, technological advancement, regional economic growth, governmental policies, the influence of COVID-19, PEST analysis, and other aspects. This analysis aids in setting benchmarks for various nations/regions and approximating market splits. Additionally, the general trend of the aforementioned components aid in determining the market's development possibilities.
- 3.2 Country Level Data:
Various factors that are especially aligned to the country are taken into account to determine the market size for a certain area and country, including the presence of vendors, such as headquarters and offices, the country's GDP, demand patterns, and industry growth. To comprehend the market dynamics for the nation, a number of growth variables, inhibitors, application areas, and current market trends are researched. The aforementioned elements aid in determining the country's overall market's growth potential.
- 3.3 Company Profile:
The “Table of Contents” is formulated by listing and analyzing more than 25 - 30 companies operating in the market ecosystem across geographies. However, we profile only 10 companies as a standard practice in our syndicate reports. These 10 companies comprise leading, emerging, and regional players. Nonetheless, our analysis is not restricted to the 10 listed companies, we also analyze other companies present in the market to develop a holistic view and understand the prevailing trends. The “Company Profiles” section in the report covers key facts, business description, products & services, financial information, SWOT analysis, and key developments. The financial information presented is extracted from the annual reports and official documents of the publicly listed companies. Upon collecting the information for the sections of respective companies, we verify them via various primary sources and then compile the data in respective company profiles. The company level information helps us in deriving the base number as well as in forecasting the market size.
- 3.4 Developing Base Number:
Aggregation of sales statistics (2020-2022) and macro-economic factor, and other secondary and primary research insights are utilized to arrive at base number and related market shares for 2022. The data gaps are identified in this step and relevant market data is analyzed, collected from paid primary interviews or databases. On finalizing the base year market size, forecasts are developed on the basis of macro-economic, industry and market growth factors and company level analysis.
- Data Triangulation and Final Review:
The market findings and base year market size calculations are validated from supply as well as demand side. Demand side validations are based on macro-economic factor analysis and benchmarks for respective regions and countries. In case of supply side validations, revenues of major companies are estimated (in case not available) based on industry benchmark, approximate number of employees, product portfolio, and primary interviews revenues are gathered. Further revenue from target product/service segment is assessed to avoid overshooting of market statistics. In case of heavy deviations between supply and demand side values, all thes steps are repeated to achieve synchronization.
We follow an iterative model, wherein we share our research findings with Subject Matter Experts (SME’s) and Key Opinion Leaders (KOLs) until consensus view of the market is not formulated – this model negates any drastic deviation in the opinions of experts. Only validated and universally acceptable research findings are quoted in our reports.
We have important check points that we use to validate our research findings – which we call – data triangulation, where we validate the information, we generate from secondary sources with primary interviews and then we re-validate with our internal data bases and Subject matter experts. This comprehensive model enables us to deliver high quality, reliable data in shortest possible time.
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