Global Smart Solar Market Size study, by Solution, by Service, by Application and Regional Analysis, 2022-2029

Description

List of Tables

Global Smart Solar Market is valued at approximately USD 15.36 billion in 2021 and is anticipated to grow with a healthy growth rate of more than 15.8% over the forecast period 2022-2029. The smart solar device is the equipment that aids in extracting solar energy offering, better efficiency in devices that use solar energy. These devices aid in minimizing the wastage of energy and utilize power in the best possible way to make the energy available and improve the efficiency of devices. Smart solar maximizes the productivity of the system, matching supply to time and demand, and more. With smart solar and a grid connection, solar energy is mainly utilized in reducing the inadequacies of solar panels. Increasing adoption of green energy, the growing emergence of smart cities, high electricity tariffs, and favorable regulatory compliance are some key factors that are propelling the market demand across the globe.

The surging investments in smart grids is a major driving factor for the market growth during the estimated years. For instance, The National Smart Grid Mission (NSGM) is the government of India's initiative to build smart grids across the country's smart cities to transform the country's power infrastructure. According to the India Smart Grid Forum, the government of India announced allocating approximately USD 129.9 million along with additional budgetary support of approximately USD 44.8 million for this goal. Also, according to Statista, the market for smart grid technology was valued at USD 7.6 billion in North America and USD 5.6 billion in Asia Pacific in 2018. Additionally, the amount is anticipated to reach USD 16.8 billion in North America and USD 17.9 billion in Asia-Pacific by 2023. Thus, these factors are propelling the market demand in the global market. Moreover, increasing environmental awareness and technological evolution along with evolving solar industry are the major factors expected to create lucrative growth opportunities to the market in the upcoming years. However, high initial costs and reducing subsidies are the few factors anticipated to restrain the growth of the global Smart Solar market during the forecast period.

The key regions considered for the Global Smart Solar Market study include Asia Pacific, North America, Europe, Latin America, and the Rest of the World. North America is the leading region across the world in terms of market share owing to technological advancements and early adoption of smart solar solutions and services, and the wide presence of prominent players in the region. Whereas, Asia-Pacific is anticipated to exhibit the highest CAGR over the forecast period 2022-2029. Factors such as the increasing number of application areas in smart buildings and home automation systems along with increasing implementations of smart solar-driven by improving economic conditions across the Asia-Pacific region.

Major market players included in this report are:

GE Power
ABB Ltd
Itron Inc.
Echelon Corporation
Schneider Electric
Silver Spring Networks Inc.
Sensus USA, Inc.
Landis+GYR AG
Urban Green Energy (UGE) International Ltd.
Siemens AG

Recent Developments in the Market:

In November 2020, Statkraft declared that the company is acquiring the Solarcentury-a solar pioneer, which aims to ramp up as a wind and solar developer and increase the company's geographical footprint.

Global Smart Solar Market Report Scope:

Historical Data: 2019-2020-2021

Base Year for Estimation: 2021

Forecast period: 2022-2029

Report Coverage: Revenue forecast, Company Ranking, Competitive Landscape, Growth factors, and Trends

Segments Covered: Solution, Service, Application, Region

Regional Scope: North America; Europe; Asia Pacific; Latin America; Rest of the World

Customization Scope: Free report customization (equivalent up to 8 analyst's working hours) with purchase. Addition or alteration to country, regional & segment scope*

The objective of the study is to define market sizes of different segments & countries in recent years and to forecast the values to the coming years. The report is designed to incorporate both qualitative and quantitative aspects of the industry within countries involved in the study.

The report also caters detailed information about the crucial aspects such as driving factors & challenges which will define the future growth of the market. Additionally, it also incorporates potential opportunities in micro markets for stakeholders to invest along with the detailed analysis of competitive landscape and product offerings of key players. The detailed segments and sub-segment of the market are explained below:

By Solution:

Network Monitoring
Meter Data Management
Analytics
SCADA
Remote Metering
Others

By Service:

Consulting Services
Demand Response Services
System Integration and Deployment Services
Support and Maintenance Services

By Application:

Commercial
Industrial
Residential

By Region:

North America
- U.S.
- Canada

Europe
- UK
- Germany
- France
- Spain
- Italy
- ROE

Asia Pacific
- China
- India
- Japan
- Australia
- South Korea
- RoAPAC

Latin America
- Brazil
- Mexico
- RoLA

Rest of the World

Chapter 1. Executive Summary

1.1. Market Snapshot
1.2. Global & Segmental Market Estimates & Forecasts, 2019-2029 (USD Billion)
- 1.2.1. Smart Solar Market, by Region, 2019-2029 (USD Billion)
- 1.2.2. Smart Solar Market, by Solution, 2019-2029 (USD Billion)
- 1.2.3. Smart Solar Market, by Service, 2019-2029 (USD Billion)
- 1.2.4. Smart Solar Market, by Application, 2019-2029 (USD Billion)
1.3. Key Trends
1.4. Estimation Methodology
1.5. Research Assumption

Chapter 2. Global Smart Solar Market Definition and Scope

2.1. Objective of the Study
2.2. Market Definition & Scope
- 2.2.1. Scope of the Study
- 2.2.2. Industry Evolution
2.3. Years Considered for the Study
2.4. Currency Conversion Rates

Chapter 3. Global Smart Solar Market Dynamics

3.1. Smart Solar Market Impact Analysis (2019-2029)
- 3.1.1. Market Drivers
  - 3.1.1.1. Increasing adoption of green energy
  - 3.1.1.2. Surging investments in smart grids
- 3.1.2. Market Challenges
  - 3.1.2.1. High initial costs
  - 3.1.2.2. Reducing subsidies
- 3.1.3. Market Opportunities
  - 3.1.3.1. Increasing environmental awareness and technological evolution
  - 3.1.3.2. Evolving solar industry

Chapter 4. Global Smart Solar Market Industry Analysis

4.1. Porter's 5 Force Model
- 4.1.1. Bargaining Power of Suppliers
- 4.1.2. Bargaining Power of Buyers
- 4.1.3. Threat of New Entrants
- 4.1.4. Threat of Substitutes
- 4.1.5. Competitive Rivalry
4.2. Futuristic Approach to Porter's 5 Force Model (2019-2029)
4.3. PEST Analysis
- 4.3.1. Political
- 4.3.2. Economical
- 4.3.3. Social
- 4.3.4. Technological
4.4. Top investment opportunity
4.5. Top winning strategies
4.6. Industry Experts Prospective
4.7. Analyst Recommendation & Conclusion

Chapter 5. Risk Assessment: COVID-19 Impact

5.1. Assessment of the overall impact of COVID-19 on the industry
5.2. Pre COVID-19 and post COVID-19 Market scenario

Chapter 6. Global Smart Solar Market, by Solution

6.1. Market Snapshot
6.2. Global Smart Solar Market by Solution, Performance - Potential Analysis
6.3. Global Smart Solar Market Estimates & Forecasts by Solution 2019-2029 (USD Billion)
6.4. Smart Solar Market, Sub Segment Analysis
- 6.4.1. Network Monitoring
- 6.4.2. Meter Data Management
- 6.4.3. Analytics
- 6.4.4. SCADA
- 6.4.5. Remote Metering
- 6.4.6. Others

Chapter 7. Global Smart Solar Market, by Service

7.1. Market Snapshot
7.2. Global Smart Solar Market by Service, Performance - Potential Analysis
7.3. Global Smart Solar Market Estimates & Forecasts by Service 2019-2029 (USD Billion)
7.4. Smart Solar Market, Sub Segment Analysis
- 7.4.1. Consulting Services
- 7.4.2. Demand Response Services
- 7.4.3. System Integration and Deployment Services
- 7.4.4. Support and Maintenance Services

Chapter 8. Global Smart Solar Market, by Application

8.1. Market Snapshot
8.2. Global Smart Solar Market by Application, Performance - Potential Analysis
8.3. Global Smart Solar Market Estimates & Forecasts by Application 2019-2029 (USD Billion)
8.4. Smart Solar Market, Sub Segment Analysis
- 8.4.1. Commercial
- 8.4.2. Industrial
- 8.4.3. Residential

Chapter 9. Global Smart Solar Market, Regional Analysis

9.1. Smart Solar Market, Regional Market Snapshot
9.2. North America Smart Solar Market
- 9.2.1. U.S. Smart Solar Market
  - 9.2.1.1. Solution breakdown estimates & forecasts, 2019-2029
  - 9.2.1.2. Service breakdown estimates & forecasts, 2019-2029
  - 9.2.1.3. Application breakdown estimates & forecasts, 2019-2029
- 9.2.2. Canada Smart Solar Market
9.3. Europe Smart Solar Market Snapshot
- 9.3.1. U.K. Smart Solar Market
- 9.3.2. Germany Smart Solar Market
- 9.3.3. France Smart Solar Market
- 9.3.4. Spain Smart Solar Market
- 9.3.5. Italy Smart Solar Market
- 9.3.6. Rest of Europe Smart Solar Market
9.4. Asia-Pacific Smart Solar Market Snapshot
- 9.4.1. China Smart Solar Market
- 9.4.2. India Smart Solar Market
- 9.4.3. Japan Smart Solar Market
- 9.4.4. Australia Smart Solar Market
- 9.4.5. South Korea Smart Solar Market
- 9.4.6. Rest of Asia Pacific Smart Solar Market
9.5. Latin America Smart Solar Market Snapshot
- 9.5.1. Brazil Smart Solar Market
- 9.5.2. Mexico Smart Solar Market
- 9.5.3. Rest of Latin America Smart Solar Market
9.6. Rest of The World Smart Solar Market

Chapter 10. Competitive Intelligence

10.1. Top Market Strategies
10.2. Company Profiles
- 10.2.1. GE Power
  - 10.2.1.1. Key Information
  - 10.2.1.2. Overview
  - 10.2.1.3. Financial (Subject to Data Availability)
  - 10.2.1.4. Product Summary
  - 10.2.1.5. Recent Developments
- 10.2.2. ABB Ltd.
- 10.2.3. Itron Inc.
- 10.2.4. Echelon Corporation
- 10.2.5. Schneider Electric
- 10.2.6. Silver Spring Networks Inc.
- 10.2.7. Sensus USA, Inc.
- 10.2.8. Landis+GYR AG
- 10.2.9. Urban Green Energy (UGE) International Ltd.
- 10.2.10. Siemens AG

Chapter 11. Research Process

11.1. Research Process
- 11.1.1. Data Mining
- 11.1.2. Analysis
- 11.1.3. Market Estimation
- 11.1.4. Validation
- 11.1.5. Publishing
11.2. Research Attributes
11.3. Research Assumption

LIST OF TABLES

TABLE 1. Global Smart Solar Market, report scope
TABLE 2. Global Smart Solar Market estimates & forecasts by Region 2019-2029 (USD Billion)
TABLE 3. Global Smart Solar Market estimates & forecasts by Solution 2019-2029 (USD Billion)
TABLE 4. Global Smart Solar Market estimates & forecasts by Service 2019-2029 (USD Billion)
TABLE 5. Global Smart Solar Market estimates & forecasts by Application 2019-2029 (USD Billion)
TABLE 6. Global Smart Solar Market by segment, estimates & forecasts, 2019-2029 (USD Billion)
TABLE 7. Global Smart Solar Market by region, estimates & forecasts, 2019-2029 (USD Billion)
TABLE 8. Global Smart Solar Market by segment, estimates & forecasts, 2019-2029 (USD Billion)
TABLE 9. Global Smart Solar Market by region, estimates & forecasts, 2019-2029 (USD Billion)
TABLE 10. Global Smart Solar Market by segment, estimates & forecasts, 2019-2029 (USD Billion)
TABLE 11. Global Smart Solar Market by region, estimates & forecasts, 2019-2029 (USD Billion)
TABLE 12. Global Smart Solar Market by segment, estimates & forecasts, 2019-2029 (USD Billion)
TABLE 13. Global Smart Solar Market by region, estimates & forecasts, 2019-2029 (USD Billion)
TABLE 14. Global Smart Solar Market by segment, estimates & forecasts, 2019-2029 (USD Billion)
TABLE 15. Global Smart Solar Market by region, estimates & forecasts, 2019-2029 (USD Billion)
TABLE 16. U.S. Smart Solar Market estimates & forecasts, 2019-2029 (USD Billion)
TABLE 17. U.S. Smart Solar Market estimates & forecasts by segment 2019-2029 (USD Billion)
TABLE 18. U.S. Smart Solar Market estimates & forecasts by segment 2019-2029 (USD Billion)
TABLE 19. Canada Smart Solar Market estimates & forecasts, 2019-2029 (USD Billion)
TABLE 20. Canada Smart Solar Market estimates & forecasts by segment 2019-2029 (USD Billion)
TABLE 21. Canada Smart Solar Market estimates & forecasts by segment 2019-2029 (USD Billion)
TABLE 22. UK Smart Solar Market estimates & forecasts, 2019-2029 (USD Billion)
TABLE 23. UK Smart Solar Market estimates & forecasts by segment 2019-2029 (USD Billion)
TABLE 24. UK Smart Solar Market estimates & forecasts by segment 2019-2029 (USD Billion)
TABLE 25. Germany Smart Solar Market estimates & forecasts, 2019-2029 (USD Billion)
TABLE 26. Germany Smart Solar Market estimates & forecasts by segment 2019-2029 (USD Billion)
TABLE 27. Germany Smart Solar Market estimates & forecasts by segment 2019-2029 (USD Billion)
TABLE 28. France Smart Solar Market estimates & forecasts, 2019-2029 (USD Billion)
TABLE 29. France Smart Solar Market estimates & forecasts by segment 2019-2029 (USD Billion)
TABLE 30. France Smart Solar Market estimates & forecasts by segment 2019-2029 (USD Billion)
TABLE 31. Italy Smart Solar Market estimates & forecasts, 2019-2029 (USD Billion)
TABLE 32. Italy Smart Solar Market estimates & forecasts by segment 2019-2029 (USD Billion)
TABLE 33. Italy Smart Solar Market estimates & forecasts by segment 2019-2029 (USD Billion)
TABLE 34. Spain Smart Solar Market estimates & forecasts, 2019-2029 (USD Billion)
TABLE 35. Spain Smart Solar Market estimates & forecasts by segment 2019-2029 (USD Billion)
TABLE 36. Spain Smart Solar Market estimates & forecasts by segment 2019-2029 (USD Billion)
TABLE 37. RoE Smart Solar Market estimates & forecasts, 2019-2029 (USD Billion)
TABLE 38. RoE Smart Solar Market estimates & forecasts by segment 2019-2029 (USD Billion)
TABLE 39. RoE Smart Solar Market estimates & forecasts by segment 2019-2029 (USD Billion)
TABLE 40. China Smart Solar Market estimates & forecasts, 2019-2029 (USD Billion)
TABLE 41. China Smart Solar Market estimates & forecasts by segment 2019-2029 (USD Billion)
TABLE 42. China Smart Solar Market estimates & forecasts by segment 2019-2029 (USD Billion)
TABLE 43. India Smart Solar Market estimates & forecasts, 2019-2029 (USD Billion)
TABLE 44. India Smart Solar Market estimates & forecasts by segment 2019-2029 (USD Billion)
TABLE 45. India Smart Solar Market estimates & forecasts by segment 2019-2029 (USD Billion)
TABLE 46. Japan Smart Solar Market estimates & forecasts, 2019-2029 (USD Billion)
TABLE 47. Japan Smart Solar Market estimates & forecasts by segment 2019-2029 (USD Billion)
TABLE 48. Japan Smart Solar Market estimates & forecasts by segment 2019-2029 (USD Billion)
TABLE 49. South Korea Smart Solar Market estimates & forecasts, 2019-2029 (USD Billion)
TABLE 50. South Korea Smart Solar Market estimates & forecasts by segment 2019-2029 (USD Billion)
TABLE 51. South Korea Smart Solar Market estimates & forecasts by segment 2019-2029 (USD Billion)
TABLE 52. Australia Smart Solar Market estimates & forecasts, 2019-2029 (USD Billion)
TABLE 53. Australia Smart Solar Market estimates & forecasts by segment 2019-2029 (USD Billion)
TABLE 54. Australia Smart Solar Market estimates & forecasts by segment 2019-2029 (USD Billion)
TABLE 55. RoAPAC Smart Solar Market estimates & forecasts, 2019-2029 (USD Billion)
TABLE 56. RoAPAC Smart Solar Market estimates & forecasts by segment 2019-2029 (USD Billion)
TABLE 57. RoAPAC Smart Solar Market estimates & forecasts by segment 2019-2029 (USD Billion)
TABLE 58. Brazil Smart Solar Market estimates & forecasts, 2019-2029 (USD Billion)
TABLE 59. Brazil Smart Solar Market estimates & forecasts by segment 2019-2029 (USD Billion)
TABLE 60. Brazil Smart Solar Market estimates & forecasts by segment 2019-2029 (USD Billion)
TABLE 61. Mexico Smart Solar Market estimates & forecasts, 2019-2029 (USD Billion)
TABLE 62. Mexico Smart Solar Market estimates & forecasts by segment 2019-2029 (USD Billion)
TABLE 63. Mexico Smart Solar Market estimates & forecasts by segment 2019-2029 (USD Billion)
TABLE 64. RoLA Smart Solar Market estimates & forecasts, 2019-2029 (USD Billion)
TABLE 65. RoLA Smart Solar Market estimates & forecasts by segment 2019-2029 (USD Billion)
TABLE 66. RoLA Smart Solar Market estimates & forecasts by segment 2019-2029 (USD Billion)
TABLE 67. Row Smart Solar Market estimates & forecasts, 2019-2029 (USD Billion)
TABLE 68. Row Smart Solar Market estimates & forecasts by segment 2019-2029 (USD Billion)
TABLE 69. Row Smart Solar Market estimates & forecasts by segment 2019-2029 (USD Billion)
TABLE 70. List of secondary sources, used in the study of global Smart Solar Market
TABLE 71. List of primary sources, used in the study of global Smart Solar Market
TABLE 72. Years considered for the study
TABLE 73. Exchange rates considered

List of tables and figures and dummy in nature, final lists may vary in the final deliverable

LIST OF FIGURES

List of figures

FIG 1. Global Smart Solar Market, research methodology
FIG 2. Global Smart Solar Market, Market estimation techniques
FIG 3. Global Market size estimates & forecast methods
FIG 4. Global Smart Solar Market, key trends 2021
FIG 5. Global Smart Solar Market, growth prospects 2022-2029
FIG 6. Global Smart Solar Market, porters 5 force model
FIG 7. Global Smart Solar Market, pest analysis
FIG 8. Global Smart Solar Market, value chain analysis
FIG 9. Global Smart Solar Market by segment, 2019 & 2029 (USD Billion)
FIG 10. Global Smart Solar Market by segment, 2019 & 2029 (USD Billion)
FIG 11. Global Smart Solar Market by segment, 2019 & 2029 (USD Billion)
FIG 12. Global Smart Solar Market by segment, 2019 & 2029 (USD Billion)
FIG 13. Global Smart Solar Market by segment, 2019 & 2029 (USD Billion)
FIG 14. Global Smart Solar Market, regional snapshot 2019 & 2029
FIG 15. North America Smart Solar Market 2019 & 2029 (USD Billion)
FIG 16. Europe Smart Solar Market 2019 & 2029 (USD Billion)
FIG 17. Asia pacific Smart Solar Market 2019 & 2029 (USD Billion)
FIG 18. Latin America Smart Solar Market 2019 & 2029 (USD Billion)
FIG 19. Global Smart Solar Market, company Market share analysis (2021)