Smart Solar Industry - Regional Synopsis
APAC Market Statistics
On the basis of geographical analysis, the global smart solar market is segmented into five major regions including North America, Europe, Asia Pacific, Latin America and the Middle East & Africa region. Asia Pacific industry is poised to dominate majority revenue share by 2037, propelled by increasing number of smart city initiatives, growing support of government to use solar energy and rising electricity tariffs in the region. In addition, high carbon emissions in Asia are also expected to propel the demand for smart solar systems in the region in the near future.
North America Market Analysis
Moreover, the smart solar market in North America is projected to occupy the largest share during the forecast period owing to the escalating number of smart solar projects, growing grants and solar subsidies from the United States government, and strong presence of major market players in the region.
