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(EMAILWIRE.COM, April 17, 2019 ) According to a new market research report "Smart Solar Market by Solutions (Network Monitoring, Meter Data Management, Analytics, SCADA, Remote Metering, Asset Management), Services (Consulting, Demand Response), Application (Commercial & Industrial, Residential) - Global Forecast to 2020", published by MarketsandMarkets™, the Smart Solar Market size is expected to grow from USD 6.47 Billion in 2015 to USD 13.26 Billion by 2020, at an estimated Compound Annual Growth Rate (CAGR) of 15.4% during the forecast period.
The major drivers of this market include increasing adoption of green energy, regulatory compliances, and high electricity tariffs. Also, more than 200 smart city projects across the globe, provides huge opportunities for smart solar vendors, service providers, platform providers, and consulting companies.
Browse and in-depth TOC on “Smart Solar Market”
67 – Tables
48 - Figures
144 - Pages
Download PDF Brochure @ https://www.marketsandmarkets.com/pdfdownloadNew.asp?id=1102
Evolving solar industry and increasing environmental awareness coupled with technological evolution open major opportunities
The market size for smart solar segment has considerably grown over the past few years on the account of evolving solar industry and the emergence of technologies such as MDM, SCADA, and remote metering have further augmented the opportunity areas for this market. The advancement in solar applications, platforms, and services coupled with the increasing integration of IoT with smart solar solutions has led to significant investment in smart solar projects globally. The increasing environmental awareness about the solar industry amongst the public will also act as an opportunity for the smart solar market. High initial investment, inadequate financial incentives for utilities and reduction of solar subsidies in many countries are the major restraints of the overall growth of this market.
Meter data management and network monitoring solutions segments are expected to be the most promising segments during the forecast period
The smart solar market has been segmented into solutions, services, applications, and industry sectors. Meter data management and network monitoring solution segment is projected to grow with a high growth rate; hence, will present good market opportunity during the forecast period. System integration and deployment services holds a major share in the smart solar services segment. The increasing integration of smart solar technologies with different industries is considered as the primary driver influencing the growth of the smart solar services market.
Presently, North America contributes the maximum market share
North America is expected to have the largest market share and would dominate the smart solar market from 2015 to 2020, with growing number of smart solar projects, increasing smart solar meter roll outs, and increasing grants and solar subsidies from the U.S. government. Asia-Pacific (APAC) and Middle East & Africa (MEA) offers potential growth opportunities due to the developing large-scale infrastructure, growing number of smart city projects, and growing energy requirements.
Speak to Analyst @ https://www.marketsandmarkets.com/speaktoanalystNew.asp?id=1102
The major vendors covered in the smart solar market for this study include ABB Group, GE Power, Itron Inc., Schneider Electric, Siemens AG, Echelon Corporation, Landis+GYR AG, Sensus USA Inc., Silver Spring Networks, and Urban GreenEnergy International.
MarketsandMarkets segments the smart solar market on the basis of Solutions- asset management, network monitoring, meter data management, analytics, SCADA, remote metering, and outage management Services- system integration and deployment, support and maintenance, consulting, and demand response services Applications-commercial & industrial, residential, Industry Sectors- government, utilities, healthcare, construction, education, agriculture, others and Geography. A detailed analysis of the regions has been done to provide insights into the potential future business opportunities in different regions.
About MarketsandMarkets™
MarketsandMarkets™ provides quantified B2B research on 30,000 high growth niche opportunities/threats which will impact 70% to 80% of worldwide companies’ revenues. Currently servicing 7500 customers worldwide including 80% of global Fortune 1000 companies as clients. Almost 75,000 top officers across eight industries worldwide approach MarketsandMarkets™ for their painpoints around revenues decisions.
Our 850 fulltime analyst and SMEs at MarketsandMarkets™ are tracking global high growth markets following the "Growth Engagement Model – GEM". The GEM aims at proactive collaboration with the clients to identify new opportunities, identify most important customers, write "Attack, avoid and defend" strategies, identify sources of incremental revenues for both the company and its competitors. MarketsandMarkets™ now coming up with 1,500 MicroQuadrants (Positioning top players across leaders, emerging companies, innovators, and strategic players) annually in high growth emerging segments. MarketsandMarkets™ is determined to benefit more than 10,000 companies this year for their revenue planning and help them take their innovations/disruptions early to the market by providing them research ahead of the curve.
MarketsandMarketsÂ’s flagship competitive intelligence and market research platform, "Knowledge Store" connects over 200,000 markets and entire value chains for deeper understanding of the unmet insights along with market sizing and forecasts of niche markets.
Contact:
Mr. Shelly Singh
MarketsandMarkets™ INC.
630 Dundee Road
Suite 430
Northbrook, IL 60062
USA: 1-888-600-6441
Email: sales@marketsandmarkets.com
Research Insight: https://www.marketsandmarkets.com/ResearchInsight/smart-solar-market.asp
Visit Our Website: https://www.marketsandmarkets.com
MarketsandMarkets™
Mr. Shelly Singh
1-888-600-6441
raviraj.tak@marketsandmarkets.com 
Source: EmailWire.com
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