TMR Analyzes Impact of Outbreak of COVID-19 on Containerized Solar Generators Market

 

Global Containerized Solar Generators Market: Snapshot

The global containerized solar generators market is witnessing a sustained growth primarily due to the ecological benefits of electricity produced by renewable sources. The increasing demand for clean energy and government investments for the development of renewable energy are positively influencing the global containerized solar generators market.

Factors such as increasing cost of electricity produced by conventional fuels and dropping rate of solar power are accentuating the market’s growth. Energy companies worldwide are increasingly switching from exhaustible energy resources to renewable resources for power generation. Apart from this, the compactness and scalability features of containerized solar generators along with reliability of continuous power through solar photovoltaic modules even in bad weather is boosting their uptake.

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Despite a number of positive factors, high cost and climate-dependent systems are acting as roadblocks to this market’s growth.

According to estimates of a report by Transparency Market Research (TMR), the global containerized solar generators market will touch a valuation of US$570.9 mn by 2025 end expanding at a healthy 7.3% CAGR during the forecast period between 2017 and 2025.

containerized solar generators market

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Commercial Application Segment to Continue to Report Strong Demand

The global containerized solar generators market is evaluated on the basis of product type, storage capacity, application, and geography in this report. Based on product type, the market is categorized into off grid and grid connected. Of the two, off grid holds a higher revenue share in this market. Going ahead too, the off grid product segment is anticipated to expand at a significant growth rate and account for significant revenue in the global containerized solar generators market. The effectiveness and sustainability of off grid jointly account for the dominance of this product segment. The easy portability and easy installation feature of off grid products further add to their favorable characteristics. On the other hand, grid connected product segment is anticipated to expand at a relatively slower pace on account of its high cost factor.

By storage capacity, the global containerized solar generator market is classified into 10-40 KWH, 40-80 KWH, 80-150 KWH, and more than 150 KWH. In 2016, a major revenue share in the global containerized solar generators market came from more than 150 KWH storage capacity segment. However, 10-40 KWH storage capacity segment is anticipated to display the leading growth rate followed by 40-80 KWH segment over the forecast period from 2017 to 2025.

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North America to Hold Significant Share through 2025

The global containerized solar generators market, by geography, has been classified into North America, Asia Pacific, Europe, South America, and the Middle East and Africa. Amongst all, Asia Pacific holds dominance in terms of growth rate owing to the increasing awareness for clean energy and substantial investment by governments in the region to develop renewable energy.

North America is another significant market for containerized solar generators. This is mainly because of increasingly switch from conventional fuels derived energy to solar power in the commercial sector.

The report profiles companies that are expected to stay competitive in the global containerized solar generators market through 2025, which include Silicon CPV plc., HCI Energy LLC, PWR Station, Energy Solutions Inc., Ecosphere Technologies Inc., Photon Energy NV, Juwi AG, AMERESCO Inc., Jakson Group, REC Solar Holdings AS, Energy Made Clean, MOBILE SOLAR, Kirchner Solar Group, Intech Clean Energy Pty Ltd, Off Grid Energy Limited, and Renovagen Ltd.

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Transparency Market Research is a global market intelligence company, providing global business information reports and services. Our exclusive blend of quantitative forecasting and trends analysis provides forward-looking insight for thousands of decision makers. Our experienced team of Analysts, Researchers, and Consultants, use proprietary data sources and various tools and techniques to gather, and analyze information.

Our data repository is continuously updated and revised by a team of research experts, so that it always reflects the latest trends and information. With a broad research and analysis capability, Transparency Market Research employs rigorous primary and secondary research techniques in developing distinctive data sets and research material for business reports.

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