Smart Solar Market: Global Advancements, Trends, Market Forecasts and Analysis 2013-2018 - a new market research report on companiesandmarkets.com
PR-Inside.com: 2014-04-17 03:18:03
The global smart solar market is suggested to have reached a value of around $6.51 billion at the beginning of 2013, and is forecast to hit a total of $15.34 billion by 2018. This suggests a CAGR growth rate of 18.7% between 2013 and 2018.
Most of the industries and commercials are extensively using smart solar applications across their respective industries, big players and start-up companies are shifting towards smarter technology and its solutions to meet the requirements of today´s business and customer needs. The introduction of enhanced technologies in components such as smart meters, grid intelligent components is giving boost to the adoption of smart solar components, solutions and services across various verticals such as utility, government and public affairs, healthcare, construction, education and ´Others´ which includes logistics, and distribution.
Smart solar is the advancement in the traditional solar energy system. This class of technology brings improved integration and forecasting, support and communication, control and maintenance, distribution, mitigation and planning capabilities in the delivery systems.
Smart solar solutions, components and services are helping users to effectively manage energy, by providing innovative ways of monitoring their energy demand. The notable market players providing sophisticated solutions and services in this domain are GE Energy, Schneider Electric, Siemens, HCL Technologies, Itron, Intergraph, and Echelon.
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