London, 02 March 2015 – TechNavio has announced the publication of a new market research report on the Global Solar Collector Market, which is expected to grow at a CAGR of 24.9 percent from 2014-2019.
About the Report
The new report draws attention towards increasing government support in the form of feed-in tariff (FIT) programs, investment tax credits and other tax benefit that support the development of solar collector technology.
“Tax incentives will encourage investment in renewable energy generation technologies, and funding will contribute significantly to growth in solar collector installations,” says Faisal Ghaus, Vice President of TechNavio
The report also highlights the increase in power storage facilities. Batteries and PV inverters have gained a lot of popularity in recent years, as energy storage becomes one of the key issues in the renewable energy sector.
“The incorporation of smart grids to solar grid and PV inverters in solar power storage has helped solar collectors transform from a simple power generation collector to the brain and heart of the solar power system,” says Ghaus.
Several local and regional vendors are providing good quality solar panels at relatively cheap prices as compared to international vendors, which is expected to intensify the competition.
Key Information Covered in the Report:
Market segmentation, size and forecast through 2019
Market Growth Drivers:
- Increase in Government Support
- For a full detailed list, view our report.
Market Challenges:
- Seasonal Fluctuations in Availability of Sunlight
- For a full detailed list, view our report.
Market Trends:
- Increase in Solar Energy Storage Facilities
- For a full detailed list, view our report.
Key Vendors:
- Hewalex
- MainFrame Energy Solutions Pvt. Ltd.
- Solar Skies Mfg. LLC
- SunMaxx Solar Inc
Other Prominent Vendors:
- Alternate Energy Technologies
- KYOCERA Solar
- Novatech Solar
- Rackam
https://www.technavio.com/%3Cp%3E%3Ca%20href%3D%22http%3A//www.technavio….
