Solar Tree Market By Connectivity, By Component, By Application : Global Opportunity Analysis and Industry Forecast, 2023-2032

Description

List of Tables

According to a new report published by Allied Market Research, titled, "Solar Tree Market," The solar tree market was valued at $247.4 million in 2022, and is estimated to reach $425.2 million by 2032, growing at a CAGR of 5.7% from 2023 to 2032.

Solar tree structures, often resembling trees or other plants, work on the same principles as regular PV systems. When exposed to sunlight, the solar cells within the array generate direct current (DC power), subsequently converted into alternating current (AC power) through an inverter, facilitating use by household appliances. One distinguishing feature of solar trees is their potential for built-in energy storage, ensuring a continuous power supply during periods of limited sunlight. Alternatively, conventional solar batteries can complement models lacking integrated storage. Solar trees also find applications beyond providing electricity to structures, powering outdoor elements like light fixtures and electric vehicle chargers. As both a decorative and sustainable energy solution, solar trees exemplify the intersection of environmental consciousness and innovative design.

There is a global push to transition to renewable energy sources due to increasing concerns about climate change and the limited availability of fossil fuels. Solar power stands out as a clean and abundant energy source, and solar trees have evolved as a highly efficient solar industry technology. Furthermore, as compared to traditional energy sources, solar trees provide significant environmental benefits. These panels generate electricity without generating greenhouse gases or other harmful pollutants by harnessing sunlight and transforming it into electricity. This feature is consistent with the goals of lowering carbon emissions and mitigating climate change. Users can create their own electricity with solar trees, minimizing their reliance on traditional power systems and mitigating the impact of any energy crises or disruptions. Many governments throughout the world have put in place supportive policies and financial incentives to encourage the use of renewable energy. Subsidies, tax credits, net metering programs, and feed-in tariffs are among the policies that make it financially appealing for people and businesses to engage in Solar Trees.

Solar trees may experience lower energy conversion efficiency compared to their traditional counterparts. The tree-like structure, with branches and shading, can hinder optimal sunlight absorption and energy output. The intricate design, while visually appealing, introduces challenges in maximizing energy generation efficiency. This efficiency issue raises questions about the overall effectiveness of solar trees, especially in environments where space utilization and energy output are critical factors.

Solar trees contribute to environmental benefits that extend beyond energy generation. The vertical integration and elevated design of solar trees create additional opportunities for environmental enhancements, particularly in urban areas. One notable advantage is their capacity to host rare flora and fauna, providing a platform for biodiversity conservation within urban landscapes. The elevated structure of solar trees can serve as habitats for various plant and animal species, contributing to the overall ecological health of urban environments.

Furthermore, the shade cast by solar trees plays a crucial role in mitigating heat islands in urban areas. Heat islands result from the excessive retention and absorption of heat by surfaces like asphalt and concrete, leading to elevated temperatures in urban spaces. Solar trees, by providing shade, help reduce the thermal energy reflected off these surfaces. This not only addresses immediate environmental concerns related to urban heat but also aligns with broader climate change mitigation efforts.

The solar tree market experienced significant repercussions due to the COVID-19 pandemic. Global supply chains, encompassing the production and transportation of solar components, faced disruptions as manufacturing facilities encountered temporary shutdowns or reduced capacity. This led to considerable delays in the production and delivery of various solar technologies, including solar trees. The implementation of lockdown measures, along with economic uncertainties and decreased consumer spending, had the potential to influence the demand for solar installations, resulting in project postponements or cancellations and affecting the solar tree market. In addition, certain governments altered policies or reassessed priorities in response to the pandemic, impacting the solar industry as a whole.

The key players profiled in this report include: Beam Global, Smartflower, SolarBotanic Trees Ltd, Solvis, Solar Forma, Spotlight Solar, Power Tree, IYSERT ENERGY, NESSA, and ARTEMIDE S.P.A. The market players are continuously striving to achieve a dominant position in this competitive market using strategies such as collaborations and acquisitions.

Key Benefits For Stakeholders

This report provides a quantitative analysis of the market segments, current trends, estimations, and dynamics of the solar tree market analysis from 2022 to 2032 to identify the prevailing solar tree market opportunities.
The market research is offered along with information related to key drivers, restraints, and opportunities.
Porter's five forces analysis highlights the potency of buyers and suppliers to enable stakeholders make profit-oriented business decisions and strengthen their supplier-buyer network.
In-depth analysis of the solar tree market segmentation assists to determine the prevailing market opportunities.
Major countries in each region are mapped according to their revenue contribution to the global market.
Market player positioning facilitates benchmarking and provides a clear understanding of the present position of the market players.
The report includes the analysis of the regional as well as global solar tree market trends, key players, market segments, application areas, and market growth strategies.

Additional benefits you will get with this purchase are:

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5 additional Company Profile of client Choice pre- or Post-purchase, as a free update.
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Free Industry updates and white papers.

Possible Customization with this report (with additional cost and timeline, please talk to the sales executive to know more)

Consumer Buying Behavior Analysis
Investment Opportunities
Product Benchmarking / Product specification and applications
Upcoming/New Entrant by Regions
Technology Trend Analysis
Go To Market Strategy
New Product Development/ Product Matrix of Key Players
Patient/epidemiology data at country, region, global level
Regulatory Guidelines
Additional company profiles with specific to client's interest
Additional country or region analysis- market size and forecast
Brands Share Analysis
Criss-cross segment analysis- market size and forecast
Historic market data
Key player details (including location, contact details, supplier/vendor network etc. in excel format)
List of customers/consumers/raw material suppliers- value chain analysis
SWOT Analysis

Key Market Segments

By Application

Residential
Commercial and Industrial
Utilities

By Connectivity

Off-Grid
On-Grid

By Component

Battery
Solar PV Modules
Cables and Connectors
Others

By Region

North America
- U.S.
- Canada
- Mexico
Europe
- Germany
- UK
- France
- Spain
- Italy
- Rest of Europe
Asia-Pacific
- China
- Japan
- India
- South Korea
- Australia
- Rest of Asia-Pacific
LAMEA
- Brazil
- United Arab Emirates
- Saudi Arabia
- South Africa
- Rest of LAMEA

Key Market Players:

Beam Global
Smartflower
SolarBotanic Trees Ltd
Solvis
Solar Forma
Spotlight Solar
Power Tree
IYSERT ENERGY
NESSA
ARTEMIDE S.P.A.

Product Code: A279804

CHAPTER 1: INTRODUCTION

1.1. Report description
1.2. Key market segments
1.3. Key benefits to the stakeholders
1.4. Research methodology
- 1.4.1. Primary research
- 1.4.2. Secondary research
- 1.4.3. Analyst tools and models

CHAPTER 2: EXECUTIVE SUMMARY

2.1. CXO Perspective

CHAPTER 3: MARKET OVERVIEW

3.1. Market definition and scope
3.2. Key findings
- 3.2.1. Top impacting factors
- 3.2.2. Top investment pockets
3.3. Porter's five forces analysis
3.4. Market dynamics
- 3.4.1. Drivers
- 3.4.2. Restraints
- 3.4.3. Opportunities
3.5. Average Selling Price
3.6. Market Share Analysis
3.7. Brand Share Analysis
3.8. Trade Data Analysis
3.9. Product Consumption
3.10. Value Chain Analysis
3.11. Key Regulation Analysis
3.12. Patent Landscape
3.13. Regulatory Guidelines
3.14. Reimbursement Scenario

CHAPTER 4: SOLAR TREE MARKET, BY CONNECTIVITY

4.1. Overview
- 4.1.1. Market size and forecast
4.2. Off-Grid
- 4.2.1. Key market trends, growth factors and opportunities
- 4.2.2. Market size and forecast, by region
- 4.2.3. Market share analysis by country
4.3. On-Grid
- 4.3.1. Key market trends, growth factors and opportunities
- 4.3.2. Market size and forecast, by region
- 4.3.3. Market share analysis by country

CHAPTER 5: SOLAR TREE MARKET, BY COMPONENT

5.1. Overview
- 5.1.1. Market size and forecast
5.2. Battery
- 5.2.1. Key market trends, growth factors and opportunities
- 5.2.2. Market size and forecast, by region
- 5.2.3. Market share analysis by country
5.3. Solar PV Modules
- 5.3.1. Key market trends, growth factors and opportunities
- 5.3.2. Market size and forecast, by region
- 5.3.3. Market share analysis by country
5.4. Cables and Connectors
- 5.4.1. Key market trends, growth factors and opportunities
- 5.4.2. Market size and forecast, by region
- 5.4.3. Market share analysis by country
5.5. Others
- 5.5.1. Key market trends, growth factors and opportunities
- 5.5.2. Market size and forecast, by region
- 5.5.3. Market share analysis by country

CHAPTER 6: SOLAR TREE MARKET, BY APPLICATION

6.1. Overview
- 6.1.1. Market size and forecast
6.2. Residential
- 6.2.1. Key market trends, growth factors and opportunities
- 6.2.2. Market size and forecast, by region
- 6.2.3. Market share analysis by country
6.3. Commercial and Industrial
- 6.3.1. Key market trends, growth factors and opportunities
- 6.3.2. Market size and forecast, by region
- 6.3.3. Market share analysis by country
6.4. Utilities
- 6.4.1. Key market trends, growth factors and opportunities
- 6.4.2. Market size and forecast, by region
- 6.4.3. Market share analysis by country

CHAPTER 7: SOLAR TREE MARKET, BY REGION

7.1. Overview
- 7.1.1. Market size and forecast By Region
7.2. North America
- 7.2.1. Key market trends, growth factors and opportunities
- 7.2.2. Market size and forecast, by Connectivity
- 7.2.3. Market size and forecast, by Component
- 7.2.4. Market size and forecast, by Application
- 7.2.5. Market size and forecast, by country
  - 7.2.5.1. U.S.
  - 7.2.5.1.1. Market size and forecast, by Connectivity
  - 7.2.5.1.2. Market size and forecast, by Component
  - 7.2.5.1.3. Market size and forecast, by Application
  - 7.2.5.2. Canada
  - 7.2.5.2.1. Market size and forecast, by Connectivity
  - 7.2.5.2.2. Market size and forecast, by Component
  - 7.2.5.2.3. Market size and forecast, by Application
  - 7.2.5.3. Mexico
  - 7.2.5.3.1. Market size and forecast, by Connectivity
  - 7.2.5.3.2. Market size and forecast, by Component
  - 7.2.5.3.3. Market size and forecast, by Application
7.3. Europe
- 7.3.1. Key market trends, growth factors and opportunities
- 7.3.2. Market size and forecast, by Connectivity
- 7.3.3. Market size and forecast, by Component
- 7.3.4. Market size and forecast, by Application
- 7.3.5. Market size and forecast, by country
  - 7.3.5.1. Germany
  - 7.3.5.1.1. Market size and forecast, by Connectivity
  - 7.3.5.1.2. Market size and forecast, by Component
  - 7.3.5.1.3. Market size and forecast, by Application
  - 7.3.5.2. UK
  - 7.3.5.2.1. Market size and forecast, by Connectivity
  - 7.3.5.2.2. Market size and forecast, by Component
  - 7.3.5.2.3. Market size and forecast, by Application
  - 7.3.5.3. France
  - 7.3.5.3.1. Market size and forecast, by Connectivity
  - 7.3.5.3.2. Market size and forecast, by Component
  - 7.3.5.3.3. Market size and forecast, by Application
  - 7.3.5.4. Spain
  - 7.3.5.4.1. Market size and forecast, by Connectivity
  - 7.3.5.4.2. Market size and forecast, by Component
  - 7.3.5.4.3. Market size and forecast, by Application
  - 7.3.5.5. Italy
  - 7.3.5.5.1. Market size and forecast, by Connectivity
  - 7.3.5.5.2. Market size and forecast, by Component
  - 7.3.5.5.3. Market size and forecast, by Application
  - 7.3.5.6. Rest of Europe
  - 7.3.5.6.1. Market size and forecast, by Connectivity
  - 7.3.5.6.2. Market size and forecast, by Component
  - 7.3.5.6.3. Market size and forecast, by Application
7.4. Asia-Pacific
- 7.4.1. Key market trends, growth factors and opportunities
- 7.4.2. Market size and forecast, by Connectivity
- 7.4.3. Market size and forecast, by Component
- 7.4.4. Market size and forecast, by Application
- 7.4.5. Market size and forecast, by country
  - 7.4.5.1. China
  - 7.4.5.1.1. Market size and forecast, by Connectivity
  - 7.4.5.1.2. Market size and forecast, by Component
  - 7.4.5.1.3. Market size and forecast, by Application
  - 7.4.5.2. Japan
  - 7.4.5.2.1. Market size and forecast, by Connectivity
  - 7.4.5.2.2. Market size and forecast, by Component
  - 7.4.5.2.3. Market size and forecast, by Application
  - 7.4.5.3. India
  - 7.4.5.3.1. Market size and forecast, by Connectivity
  - 7.4.5.3.2. Market size and forecast, by Component
  - 7.4.5.3.3. Market size and forecast, by Application
  - 7.4.5.4. South Korea
  - 7.4.5.4.1. Market size and forecast, by Connectivity
  - 7.4.5.4.2. Market size and forecast, by Component
  - 7.4.5.4.3. Market size and forecast, by Application
  - 7.4.5.5. Australia
  - 7.4.5.5.1. Market size and forecast, by Connectivity
  - 7.4.5.5.2. Market size and forecast, by Component
  - 7.4.5.5.3. Market size and forecast, by Application
  - 7.4.5.6. Rest of Asia-Pacific
  - 7.4.5.6.1. Market size and forecast, by Connectivity
  - 7.4.5.6.2. Market size and forecast, by Component
  - 7.4.5.6.3. Market size and forecast, by Application
7.5. LAMEA
- 7.5.1. Key market trends, growth factors and opportunities
- 7.5.2. Market size and forecast, by Connectivity
- 7.5.3. Market size and forecast, by Component
- 7.5.4. Market size and forecast, by Application
- 7.5.5. Market size and forecast, by country
  - 7.5.5.1. Brazil
  - 7.5.5.1.1. Market size and forecast, by Connectivity
  - 7.5.5.1.2. Market size and forecast, by Component
  - 7.5.5.1.3. Market size and forecast, by Application
  - 7.5.5.2. United Arab Emirates
  - 7.5.5.2.1. Market size and forecast, by Connectivity
  - 7.5.5.2.2. Market size and forecast, by Component
  - 7.5.5.2.3. Market size and forecast, by Application
  - 7.5.5.3. Saudi Arabia
  - 7.5.5.3.1. Market size and forecast, by Connectivity
  - 7.5.5.3.2. Market size and forecast, by Component
  - 7.5.5.3.3. Market size and forecast, by Application
  - 7.5.5.4. South Africa
  - 7.5.5.4.1. Market size and forecast, by Connectivity
  - 7.5.5.4.2. Market size and forecast, by Component
  - 7.5.5.4.3. Market size and forecast, by Application
  - 7.5.5.5. Rest of LAMEA
  - 7.5.5.5.1. Market size and forecast, by Connectivity
  - 7.5.5.5.2. Market size and forecast, by Component
  - 7.5.5.5.3. Market size and forecast, by Application

CHAPTER 8: COMPETITIVE LANDSCAPE

8.1. Introduction
8.2. Top winning strategies
8.3. Product mapping of top 10 player
8.4. Competitive dashboard
8.5. Competitive heatmap
8.6. Top player positioning, 2022

CHAPTER 9: COMPANY PROFILES

9.1. Beam Global
- 9.1.1. Company overview
- 9.1.2. Key executives
- 9.1.3. Company snapshot
9.2. Smartflower
- 9.2.1. Company overview
- 9.2.2. Key executives
- 9.2.3. Company snapshot
9.3. SolarBotanic Trees Ltd
- 9.3.1. Company overview
- 9.3.2. Key executives
- 9.3.3. Company snapshot
9.4. Solvis
- 9.4.1. Company overview
- 9.4.2. Key executives
- 9.4.3. Company snapshot
9.5. Solar Forma
- 9.5.1. Company overview
- 9.5.2. Key executives
- 9.5.3. Company snapshot
9.6. Spotlight Solar
- 9.6.1. Company overview
- 9.6.2. Key executives
- 9.6.3. Company snapshot
9.7. Power Tree
- 9.7.1. Company overview
- 9.7.2. Key executives
- 9.7.3. Company snapshot
9.8. IYSERT ENERGY
- 9.8.1. Company overview
- 9.8.2. Key executives
- 9.8.3. Company snapshot
9.9. NESSA
- 9.9.1. Company overview
- 9.9.2. Key executives
- 9.9.3. Company snapshot
9.10. ARTEMIDE S.P.A.
- 9.10.1. Company overview
- 9.10.2. Key executives
- 9.10.3. Company snapshot