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Smart Solar Market Trends

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Report ID: 3395
Published Date: Sep 18, 2024
Report Format: PDF, PPT

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Smart Solar Market Trends

Growth Drivers

Increasing Adoption of Green Energy
Growing Emergence of Smart Cities in Developing Countries

Challenges

High Cost of Installing Smart Solar Systems

Smart Solar Market: Key Insights

Base Year	2023
Forecast Year	2024-2036
CAGR	15.9%
Base Year Market Size (2023)	USD 17.96 billion
Forecast Year Market Size (2036)	USD 122.29 billion
Regional Scope	North America (U.S., and Canada) Asia Pacific (Japan, China, India, Indonesia, South Korea, Malaysia, Australia, Rest of Asia Pacific) Europe (UK, Germany, France, Italy, Spain, Russia, NORDIC, Rest of Europe) Latin America (Mexico, Argentina, Brazil, Rest of Latin America) Middle East and Africa (Israel, GCC North Africa, South Africa, Rest of the Middle East and Africa)

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Browse Key Market Insights with Data Illustration:

Smart Solar Market Size & Share | Growth Report 2036

Author Credits: Dhruv Bhatia

Report ID: 3395
Published Date: Sep 18, 2024
Report Format: PDF, PPT

Frequently Asked Questions (FAQ)

The major factors driving market growth are increasing adoption of green energy and growing emergence of smart cities in developing countries.

The market is anticipated to attain a CAGR of ~15% over the forecast period, i.e., 2022 â€“ 2030.

High price of installing smart solar systems is estimated to hamper the market growth.

Asia Pacific region will provide more opportunities for market growth owing to the increasing number of smart city initiatives and growing support of government to use solar energy.

The major players in the market are ABB Ltd., General Electric Company, Itron Inc., Echelon Corporation, Schneider Electric, Siemens AG, and others.

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