Smart Solar Market Growth and Global Trends 2020 Driven by Increasing Adoption of Green Energy

The smart solar market size is estimated to grow from USD 6.47 billion in 2015 to USD 13.26 billion by 2020, at a Compound Annual Growth Rate (CAGR) of 15.4% due to the increasing adoption of green energy. Strict regulatory mandates across North America, Europe, and APAC and increased technological spending in developing countries such as China, India, and Mexico are also driving the growth of the market. Increasing adoption of green energy and regulatory compliances are expected to drive the smart solar market. Complete report on smart solar market spread across 144 pages, profiling 10 companies and supported with 67 tables and 48 figures is now available at .

North America is expected to hold the largest market share of the smart solar market in 2015 due to government mandates and conservation in the U.S. and Canada. Asia-Pacific (APAC) is expected to have the highest growth rate during the forecast period as it is witnessing the high rate of adoption of smart solar technologies.

In 2015, C&I dominate the smart solar market, by application, during the forecast period due to greater spending capacity. Due to budgetary constraints, residential consumers are hesitant in investing in smart solar solutions even when the penetration of traditional solar solutions is high in residential market.

In the process of determining and verifying the market size for several segments and sub-segments gathered through secondary research, extensive primary interviews were conducted with key industry personnel. The break-up of profile of primary discussion participants is given below.

· By Company Type: Tier-1 (35%), Tier-2 (45%), and Tier-3 (20%) companies

· By Designation: C-level (35 %), Director Level (25 %), and Others (40%)

· By Region: North America (45 %), Europe (20%), Asia-Pacific (APAC) (30%), and Rest of World (5%)

The major trends in the smart solar segment include growing smart cities initiatives. The integration of IoT with solar technology has increased the proliferation of smart solar solutions across various industry sectors such as government, utilities, healthcare, construction, and education.

The major players in smart solar market include ABB Group, GE Power, Itron Inc., Schneider Electric, Siemens AG, Echelon Corporation, Landis+GYR AG, Sensus USA Inc., Silver Spring Networks Inc. and Urban Green Energy International. Priced at $4650 for a single user PDF, Inquire Before Buying on “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” research report can be requested at .

On a related note, another research titled Precision Farming Market Global Forecast to 2020 says, the precision farming market is expected to reach USD 4.80 billion by 2020, at a CAGR of 11.7% between 2015 and 2020. The variable rate technology is expected to dominate the technology segment of the precision farming market as it helps in applying the required amount of input sources such as fertilizers, irrigation water, and others at the right place on field. Companies like Deere & Company (U.S.), Trimble Navigation Ltd. (U.S.), Ag Junction (U.S.), Raven Industries Inc. (U.S.), and AGCO Corporation (U.S.) have been profiled in this 182 pages research report available at .

Explore more reports on IT Services market at .

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