Research and Markets (http://www.researchandmarkets.com/research/79jqxw/global_smart) has announced the addition of the "Global Smart Solar Market 2014-2018" report to their offering.
The Global Smart Solar market to grow at a CAGR of 18.4% over the period 2013-2018
Smart solar is the advancement in the existing solar energy technology system. This technology provides enhanced integration, support, communication, distribution, monitoring, and planning capabilities in the energy delivery systems. The introduction of such enhanced technologies in components and services has led to an increase in the demand for smart solar systems.
One major trend emerging in the market is the increase in demand for solutions and services. The market players are investing a huge amount of funds to provide integrated smart solar solutions. Most of the vendors are focusing on providing complete solutions for smart solar energy generation; that is, from components to services. In addition, the increase in demand for energy necessitates the need for energy management solutions and demand response services integrated with the installations.
According to the report, one of the main drivers in this market is the rising solar energy consumption. As a result of increased solar energy consumption, governments across the countries are shifting their focus to smart solar technology to increase their overall energy production.
Further, the report states that one of the major challenges confronting the market is the long-term bankability of smart solar projects. The initial investment in smart solar technology is high, and returns are not assured because of planning errors, installation defects, and reduction in output efficiency.
Key Vendors
- ABB
- ECHELON
- First Solar
- GE Energy
- Schneider Electric
- Siemens
- SunPower
Key Topics Covered:
- Executive Summary
- List of Abbreviations
- Scope of the Report
- Market Research Methodology
- Introduction
- Market Landscape
- Market Segmentation by Type
- Geographical Segmentation
- Key Leading Countries
- Buying Criteria
- Market Growth Drivers
- Drivers and their Impact
- Market Challenges
- Impact of Drivers and Challenges
- Market Trends
- Trends and their Impact
- Vendor Landscape
- Key Vendor Analysis
For more information visit http://www.researchandmarkets.com/research/79jqxw/global_smart
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Sector: Solar
Power