London, 20 October 2014 – According to research firm TechNavio, the Global Smart Solar Market is expected to grow at a CAGR of 18.4 percent from 2014-2018.
Smart solar is the next generation of solar energy technology system that provides enhanced integration, support, communication, distribution, monitoring and planning capabilities in the energy delivery systems.
About the Report
The latest report by TechNavio focuses on growing solar energy consumption, which is encouraging governments worldwide to shift their focus to smart solar technology so as to increase overall energy production.
The report also highlights increased demand for solutions and services because of technological advancements in components like smart meters, solar simulators and grid intelligent components.
“Vendors like First Solar and GE Energy are focusing on providing complete solutions for smart solar energy generation, since higher demand for energy is necessitating the need for energy management solutions and demand response services integrated with installations,” says Faisal Ghaus, Vice President of TechNavio.
Key Information Covered in the Report:
Market segmentation, size and forecast through 2018
Market Growth Drivers:
- Increase in Solar Energy Consumption
- For a full detailed list, view our report.
Market Challenges:
- Long-term Bankability of Smart Solar Projects
- For a full detailed list, view our report.
Market Trends:
- Increase in Demand for Solutions and Services
- For a full detailed list, view our report.
Key Vendors:
- ABB Ltd.
- First Solar Inc.
- GE Energy
Other Prominent Vendors:
- Trilliant
- Landis+Gyr
- Urban Green Energy
https://www.technavio.com/%3Cp%3E%3Ca%20href%3D%22http%3A//www.technavio….
