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Global Smart Solar Solutions Market Research Report 2024
Synopsis
Smart solar device is an equipment that helps in extracting solar energy at a very high conversion efficiency. Various energy requirement can be satisfied with the application of solar energy systems. With the progress in technology, the devices are being developed to operate in a smart environment. Smart solar devices help in minimizing wastage and utilizes the power in the best way possible to harness the energy available and improve the efficiency of devices.
The global Smart Solar Solutions market was valued at US$ 13510 million in 2023 and is anticipated to reach US$ 33790 million by 2030, witnessing a CAGR of 13.7% during the forecast period 2024-2030.
It is expected that global demand for photovoltaic products will remain high in the next few years. According to our PV & Solar Research Center, by the end of 2022, the global cumulative installed photovoltaic power generation capacity is about 1180 GW. According to the data of China Photovoltaic Industry Association, the global newly installed photovoltaic capacity in 2022 is about 230 GW, and this number in 2023 is predicted to be 280-330 GW. According to the data of the Ministry of Industry and Information Technology, the total output value of China's photovoltaic industry exceeded 1.4 trillion yuan in 2022. From the perspective of production value, mainland China is still the global center of the PV industry. According to the International Energy Agency, China market share in all key products of the supply chain have exceeded 80%. Among them, the production capacity of silicon wafers, solar cells, and components accounts for as high as 98%, 85% and 77%, respectively. According to the data released by the European Photovoltaic Association, 27 EU countries gained a new PV installed capacity of 41.4 GW in 2022. According to the report of the US Solar Energy Industries Association (SEIA), the US held a new PV installed capacity of less than 19 GW in 2022. But it is estimated that from 2023, the average annual growth rate of new photovoltaic installed capacity will exceed 21%. In terms of Japan, based on data from Fitch and the US Energy Information Administration (EIA), in 2022, Japan's newly installed photovoltaic capacity was 3.342 GW.
This report aims to provide a comprehensive presentation of the global market for Smart Solar Solutions, with both quantitative and qualitative analysis, to help readers develop business/growth strategies, assess the market competitive situation, analyze their position in the current marketplace, and make informed business decisions regarding Smart Solar Solutions.
Report Scope
The Smart Solar Solutions market size, estimations, and forecasts are provided in terms of revenue ($ millions), considering 2023 as the base year, with history and forecast data for the period from 2019 to 2030. This report segments the global Smart Solar Solutions market comprehensively. Regional market sizes, concerning products by Type, by Application, and by players, are also provided.
For a more in-depth understanding of the market, the report provides profiles of the competitive landscape, key competitors, and their respective market ranks. The report also discusses technological trends and new product developments.
The report will help the Smart Solar Solutions companies, new entrants, and industry chain related companies in this market with information on the revenues, sales volume, and average price for the overall market and the sub-segments across the different segments, by company, by Type, by Application, and by regions.
Market Segmentation
By Company
Siemens AG
ABB
GE Renewable Energy
Echelon Corporation
Schneider Electric SE
Silver Spring Networks (Itron, Inc.)
Smart Solar
Trilliant Incorporated
Urban Green Energy
Aclara Software
Segment by Type
Photovoltaic Cells
Photovoltaic Panels
Invertors
Generators
Others
Segment by Application
Commercial
Industrial
Residential
By Region
North America
United States
Canada
Europe
Germany
France
UK
Italy
Russia
Nordic Countries
Rest of Europe
Asia-Pacific
China
Japan
South Korea
Southeast Asia
India
Australia
Rest of Asia
Latin America
Mexico
Brazil
Rest of Latin America
Middle East & Africa
Turkey
Saudi Arabia
UAE
Rest of MEA
Chapter Outline
Chapter 1: Introduces the report scope of the report, executive summary of different market segments (by Type, by Application, etc), including the market size of each market segment, future development potential, and so on. It offers a high-level view of the current state of the market and its likely evolution in the short to mid-term, and long term.
Chapter 2: Introduces executive summary of global market size, regional market size, this section also introduces the market dynamics, latest developments of the market, the driving factors and restrictive factors of the market, the challenges and risks faced by companies in the industry, and the analysis of relevant policies in the industry.
Chapter 3: Detailed analysis of Smart Solar Solutions companies’ competitive landscape, revenue market share, latest development plan, merger, and acquisition information, etc.
Chapter 4: Provides the analysis of various market segments by Type, covering the market size and development potential of each market segment, to help readers find the blue ocean market in different market segments.
Chapter 5: Provides the analysis of various market segments by Application, covering the market size and development potential of each market segment, to help readers find the blue ocean market in different downstream markets.
Chapter 6, 7, 8, 9, 10: North America, Europe, Asia Pacific, Latin America, Middle East and Africa segment by country. It provides a quantitative analysis of the market size and development potential of each region and its main countries and introduces the market development, future development prospects, market space, and capacity of each country in the world.
Chapter 11: Provides profiles of key players, introducing the basic situation of the main companies in the market in detail, including product sales, revenue, price, gross margin, product introduction, recent development, etc.
Chapter 12: The main points and conclusions of the report.
Smart solar device is an equipment that helps in extracting solar energy at a very high conversion efficiency. Various energy requirement can be satisfied with the application of solar energy systems. With the progress in technology, the devices are being developed to operate in a smart environment. Smart solar devices help in minimizing wastage and utilizes the power in the best way possible to harness the energy available and improve the efficiency of devices.
The global Smart Solar Solutions market was valued at US$ 13510 million in 2023 and is anticipated to reach US$ 33790 million by 2030, witnessing a CAGR of 13.7% during the forecast period 2024-2030.
It is expected that global demand for photovoltaic products will remain high in the next few years. According to our PV & Solar Research Center, by the end of 2022, the global cumulative installed photovoltaic power generation capacity is about 1180 GW. According to the data of China Photovoltaic Industry Association, the global newly installed photovoltaic capacity in 2022 is about 230 GW, and this number in 2023 is predicted to be 280-330 GW. According to the data of the Ministry of Industry and Information Technology, the total output value of China's photovoltaic industry exceeded 1.4 trillion yuan in 2022. From the perspective of production value, mainland China is still the global center of the PV industry. According to the International Energy Agency, China market share in all key products of the supply chain have exceeded 80%. Among them, the production capacity of silicon wafers, solar cells, and components accounts for as high as 98%, 85% and 77%, respectively. According to the data released by the European Photovoltaic Association, 27 EU countries gained a new PV installed capacity of 41.4 GW in 2022. According to the report of the US Solar Energy Industries Association (SEIA), the US held a new PV installed capacity of less than 19 GW in 2022. But it is estimated that from 2023, the average annual growth rate of new photovoltaic installed capacity will exceed 21%. In terms of Japan, based on data from Fitch and the US Energy Information Administration (EIA), in 2022, Japan's newly installed photovoltaic capacity was 3.342 GW.
This report aims to provide a comprehensive presentation of the global market for Smart Solar Solutions, with both quantitative and qualitative analysis, to help readers develop business/growth strategies, assess the market competitive situation, analyze their position in the current marketplace, and make informed business decisions regarding Smart Solar Solutions.
Report Scope
The Smart Solar Solutions market size, estimations, and forecasts are provided in terms of revenue ($ millions), considering 2023 as the base year, with history and forecast data for the period from 2019 to 2030. This report segments the global Smart Solar Solutions market comprehensively. Regional market sizes, concerning products by Type, by Application, and by players, are also provided.
For a more in-depth understanding of the market, the report provides profiles of the competitive landscape, key competitors, and their respective market ranks. The report also discusses technological trends and new product developments.
The report will help the Smart Solar Solutions companies, new entrants, and industry chain related companies in this market with information on the revenues, sales volume, and average price for the overall market and the sub-segments across the different segments, by company, by Type, by Application, and by regions.
Market Segmentation
By Company
Siemens AG
ABB
GE Renewable Energy
Echelon Corporation
Schneider Electric SE
Silver Spring Networks (Itron, Inc.)
Smart Solar
Trilliant Incorporated
Urban Green Energy
Aclara Software
Segment by Type
Photovoltaic Cells
Photovoltaic Panels
Invertors
Generators
Others
Segment by Application
Commercial
Industrial
Residential
By Region
North America
United States
Canada
Europe
Germany
France
UK
Italy
Russia
Nordic Countries
Rest of Europe
Asia-Pacific
China
Japan
South Korea
Southeast Asia
India
Australia
Rest of Asia
Latin America
Mexico
Brazil
Rest of Latin America
Middle East & Africa
Turkey
Saudi Arabia
UAE
Rest of MEA
Chapter Outline
Chapter 1: Introduces the report scope of the report, executive summary of different market segments (by Type, by Application, etc), including the market size of each market segment, future development potential, and so on. It offers a high-level view of the current state of the market and its likely evolution in the short to mid-term, and long term.
Chapter 2: Introduces executive summary of global market size, regional market size, this section also introduces the market dynamics, latest developments of the market, the driving factors and restrictive factors of the market, the challenges and risks faced by companies in the industry, and the analysis of relevant policies in the industry.
Chapter 3: Detailed analysis of Smart Solar Solutions companies’ competitive landscape, revenue market share, latest development plan, merger, and acquisition information, etc.
Chapter 4: Provides the analysis of various market segments by Type, covering the market size and development potential of each market segment, to help readers find the blue ocean market in different market segments.
Chapter 5: Provides the analysis of various market segments by Application, covering the market size and development potential of each market segment, to help readers find the blue ocean market in different downstream markets.
Chapter 6, 7, 8, 9, 10: North America, Europe, Asia Pacific, Latin America, Middle East and Africa segment by country. It provides a quantitative analysis of the market size and development potential of each region and its main countries and introduces the market development, future development prospects, market space, and capacity of each country in the world.
Chapter 11: Provides profiles of key players, introducing the basic situation of the main companies in the market in detail, including product sales, revenue, price, gross margin, product introduction, recent development, etc.
Chapter 12: The main points and conclusions of the report.
Index1 Report Overview
1.1 Study Scope
1.2 Market Analysis by Type
1.2.1 Global Smart Solar Solutions Market Size Growth Rate by Type: 2019 VS 2023 VS 2030
1.2.2 Photovoltaic Cells
1.2.3 Photovoltaic Panels
1.2.4 Invertors
1.2.5 Generators
1.2.6 Others
1.3 Market by Application
1.3.1 Global Smart Solar Solutions Market Growth by Application: 2019 VS 2023 VS 2030
1.3.2 Commercial
1.3.3 Industrial
1.3.4 Residential
1.4 Study Objectives
1.5 Years Considered
1.6 Years Considered
2 Global Growth Trends
2.1 Global Smart Solar Solutions Market Perspective (2019-2030)
2.2 Smart Solar Solutions Growth Trends by Region
2.2.1 Global Smart Solar Solutions Market Size by Region: 2019 VS 2023 VS 2030
2.2.2 Smart Solar Solutions Historic Market Size by Region (2019-2024)
2.2.3 Smart Solar Solutions Forecasted Market Size by Region (2025-2030)
2.3 Smart Solar Solutions Market Dynamics
2.3.1 Smart Solar Solutions Industry Trends
2.3.2 Smart Solar Solutions Market Drivers
2.3.3 Smart Solar Solutions Market Challenges
2.3.4 Smart Solar Solutions Market Restraints
3 Competition Landscape by Key Players
3.1 Global Top Smart Solar Solutions Players by Revenue
3.1.1 Global Top Smart Solar Solutions Players by Revenue (2019-2024)
3.1.2 Global Smart Solar Solutions Revenue Market Share by Players (2019-2024)
3.2 Global Smart Solar Solutions Market Share by Company Type (Tier 1, Tier 2, and Tier 3)
3.3 Players Covered: Ranking by Smart Solar Solutions Revenue
3.4 Global Smart Solar Solutions Market Concentration Ratio
3.4.1 Global Smart Solar Solutions Market Concentration Ratio (CR5 and HHI)
3.4.2 Global Top 10 and Top 5 Companies by Smart Solar Solutions Revenue in 2023
3.5 Smart Solar Solutions Key Players Head office and Area Served
3.6 Key Players Smart Solar Solutions Product Solution and Service
3.7 Date of Enter into Smart Solar Solutions Market
3.8 Mergers & Acquisitions, Expansion Plans
4 Smart Solar Solutions Breakdown Data by Type
4.1 Global Smart Solar Solutions Historic Market Size by Type (2019-2024)
4.2 Global Smart Solar Solutions Forecasted Market Size by Type (2025-2030)
5 Smart Solar Solutions Breakdown Data by Application
5.1 Global Smart Solar Solutions Historic Market Size by Application (2019-2024)
5.2 Global Smart Solar Solutions Forecasted Market Size by Application (2025-2030)
6 North America
6.1 North America Smart Solar Solutions Market Size (2019-2030)
6.2 North America Smart Solar Solutions Market Growth Rate by Country: 2019 VS 2023 VS 2030
6.3 North America Smart Solar Solutions Market Size by Country (2019-2024)
6.4 North America Smart Solar Solutions Market Size by Country (2025-2030)
6.5 United States
6.6 Canada
7 Europe
7.1 Europe Smart Solar Solutions Market Size (2019-2030)
7.2 Europe Smart Solar Solutions Market Growth Rate by Country: 2019 VS 2023 VS 2030
7.3 Europe Smart Solar Solutions Market Size by Country (2019-2024)
7.4 Europe Smart Solar Solutions Market Size by Country (2025-2030)
7.5 Germany
7.6 France
7.7 U.K.
7.8 Italy
7.9 Russia
7.10 Nordic Countries
8 Asia-Pacific
8.1 Asia-Pacific Smart Solar Solutions Market Size (2019-2030)
8.2 Asia-Pacific Smart Solar Solutions Market Growth Rate by Region: 2019 VS 2023 VS 2030
8.3 Asia-Pacific Smart Solar Solutions Market Size by Region (2019-2024)
8.4 Asia-Pacific Smart Solar Solutions Market Size by Region (2025-2030)
8.5 China
8.6 Japan
8.7 South Korea
8.8 Southeast Asia
8.9 India
8.10 Australia
9 Latin America
9.1 Latin America Smart Solar Solutions Market Size (2019-2030)
9.2 Latin America Smart Solar Solutions Market Growth Rate by Country: 2019 VS 2023 VS 2030
9.3 Latin America Smart Solar Solutions Market Size by Country (2019-2024)
9.4 Latin America Smart Solar Solutions Market Size by Country (2025-2030)
9.5 Mexico
9.6 Brazil
10 Middle East & Africa
10.1 Middle East & Africa Smart Solar Solutions Market Size (2019-2030)
10.2 Middle East & Africa Smart Solar Solutions Market Growth Rate by Country: 2019 VS 2023 VS 2030
10.3 Middle East & Africa Smart Solar Solutions Market Size by Country (2019-2024)
10.4 Middle East & Africa Smart Solar Solutions Market Size by Country (2025-2030)
10.5 Turkey
10.6 Saudi Arabia
10.7 UAE
11 Key Players Profiles
11.1 Siemens AG
11.1.1 Siemens AG Company Detail
11.1.2 Siemens AG Business Overview
11.1.3 Siemens AG Smart Solar Solutions Introduction
11.1.4 Siemens AG Revenue in Smart Solar Solutions Business (2019-2024)
11.1.5 Siemens AG Recent Development
11.2 ABB
11.2.1 ABB Company Detail
11.2.2 ABB Business Overview
11.2.3 ABB Smart Solar Solutions Introduction
11.2.4 ABB Revenue in Smart Solar Solutions Business (2019-2024)
11.2.5 ABB Recent Development
11.3 GE Renewable Energy
11.3.1 GE Renewable Energy Company Detail
11.3.2 GE Renewable Energy Business Overview
11.3.3 GE Renewable Energy Smart Solar Solutions Introduction
11.3.4 GE Renewable Energy Revenue in Smart Solar Solutions Business (2019-2024)
11.3.5 GE Renewable Energy Recent Development
11.4 Echelon Corporation
11.4.1 Echelon Corporation Company Detail
11.4.2 Echelon Corporation Business Overview
11.4.3 Echelon Corporation Smart Solar Solutions Introduction
11.4.4 Echelon Corporation Revenue in Smart Solar Solutions Business (2019-2024)
11.4.5 Echelon Corporation Recent Development
11.5 Schneider Electric SE
11.5.1 Schneider Electric SE Company Detail
11.5.2 Schneider Electric SE Business Overview
11.5.3 Schneider Electric SE Smart Solar Solutions Introduction
11.5.4 Schneider Electric SE Revenue in Smart Solar Solutions Business (2019-2024)
11.5.5 Schneider Electric SE Recent Development
11.6 Silver Spring Networks (Itron, Inc.)
11.6.1 Silver Spring Networks (Itron, Inc.) Company Detail
11.6.2 Silver Spring Networks (Itron, Inc.) Business Overview
11.6.3 Silver Spring Networks (Itron, Inc.) Smart Solar Solutions Introduction
11.6.4 Silver Spring Networks (Itron, Inc.) Revenue in Smart Solar Solutions Business (2019-2024)
11.6.5 Silver Spring Networks (Itron, Inc.) Recent Development
11.7 Smart Solar
11.7.1 Smart Solar Company Detail
11.7.2 Smart Solar Business Overview
11.7.3 Smart Solar Smart Solar Solutions Introduction
11.7.4 Smart Solar Revenue in Smart Solar Solutions Business (2019-2024)
11.7.5 Smart Solar Recent Development
11.8 Trilliant Incorporated
11.8.1 Trilliant Incorporated Company Detail
11.8.2 Trilliant Incorporated Business Overview
11.8.3 Trilliant Incorporated Smart Solar Solutions Introduction
11.8.4 Trilliant Incorporated Revenue in Smart Solar Solutions Business (2019-2024)
11.8.5 Trilliant Incorporated Recent Development
11.9 Urban Green Energy
11.9.1 Urban Green Energy Company Detail
11.9.2 Urban Green Energy Business Overview
11.9.3 Urban Green Energy Smart Solar Solutions Introduction
11.9.4 Urban Green Energy Revenue in Smart Solar Solutions Business (2019-2024)
11.9.5 Urban Green Energy Recent Development
11.10 Aclara Software
11.10.1 Aclara Software Company Detail
11.10.2 Aclara Software Business Overview
11.10.3 Aclara Software Smart Solar Solutions Introduction
11.10.4 Aclara Software Revenue in Smart Solar Solutions Business (2019-2024)
11.10.5 Aclara Software Recent Development
12 Analyst's Viewpoints/Conclusions
13 Appendix
13.1 Research Methodology
13.1.1 Methodology/Research Approach
13.1.2 Data Source
13.2 Disclaimer
13.3 Author Details
Published By : QY Research
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