We are monitoring the impact of COVID-19 on Industrial Solar Generator Market Get in touch with us for detailed analysis Know More
Pulished Date March, 2021
ID: 11298
Share on
Share on

Global Industrial Solar Generator Market – Segmented By Type (Below 40KWH, 40-80KWH, 80-150KWH, Over 150KWH), By Application (Electrical Industry, Oil and Gas industry, and others) Size, Share, Trends and Growth Analysis Report Region - Industry Forecast | 2021 to 2026

Pulished: March, 2021
ID: 11298
Pages: 175

Industrial Solar Generator Market Value and Growth:

Industrial Solar Generators Market, estimated at US$406.1 Million within the year 2020, is projected to succeed in a revised size of US$553 Million by 2026, growing at a CAGR of 4.9% over the 2020-2026 period.

Off-Grid, one among the segments, is projected to record a 4.4% CAGR and reach US$323.5 Million by the end of the analysis period. Solar generators refer to photovoltaic (PV) systems that produce electricity by converting photonic energy from sunlight into electricity. They're available in several sizes and capacities and offer numerous benefits, including zero pollution and minimal fuel requirement for operations. Excluding this, they assist in storing energy for future purposes and reduce the usage of non-renewable resources like fossil fuels.

The major benefit including economic nature of solar generators is promoting the growth rate of the market. These generators do not emit noxious fumes like gas-powered generators and may power homes for as long as required. They're available in several sizes and capacities supported the consumer’s requirement. A solar generator works by capturing energy from the sun through solar panels, storing the energy in its in-built battery, and converting energy into AC power through an inverter before released to be used in household appliances and electronic devices. The charge controller is an important component of a solar energy generator. Its primary purpose is to guard and promote the sturdiness of the solar generator’s battery. Charge controllers normally have different characteristics for charging and discharging, counting on your battery type. This is often the brain of the generator.

Industrial Solar Generator Market Trends:

As solar generators help in sustainable electricity production, the governments in numerous countries are taking initiatives to expand their applications in both the residential and industrial sectors. Moreover, there has been a great increase in the per capita consumption of energy, especially in developing economies. This has given a lift to the demand for power backup solutions like solar generators in these countries. Excluding this, manufacturers are investing in research and development activities to introduce new technologies which offer more convenience to consumers. They launched portable solar generators that are significantly used in automobiles and other rechargeable electronic devices.

Recent Developments in the Industrial Solar Generator Industry:

  • In December 2018, NTPC Ltd, a New Delhi-based power generation company, received approval from the govt to speculate on two solar energy projects of roughly 160-Megawatt capacity in Uttar Pradesh. These projects include the 20 Mw Auraiya solar PV project and the 150 Mw Bilhaur solar project.
  • Dubai Energy and Water Authority-managed Mohammed bin Rashid Al Maktoum Solar Park entered the 3rd phase of construction in 2019. Nearly US$ 13.6 billion are invested within the project, which is predicted to be completed by 2030. It is the world’s largest solar park with a capacity of 1,100MW by 2020 and 5,100MW by 2030. The park will utilize a large range of PV and concentrated solar energy technologies to supply clean energy to as many as 1.3 million homes within the area.

Industrial Solar Power Generator Market Drivers:

The increasing shortage of electricity across the world and therefore the consequent demand for power-backup is one of the first factors driving the market growth. Global energy companies are gradually switching from exhaustible energy resources to renewable resources for power generation. Apart from this, the compactness and scalability features of containerized solar generators, alongside the reliability of constant power through solar photovoltaic modules even in weather condition is making them pioneer in the market.

In addition, Solar generators are economical; require minimal cost investments and fuel for operation; generate zero pollution, and may store energy for future purposes. Due to these factors, they're increasingly getting used to the assembly and distribution of power across the world. The imbalance between the availability of and demand for electricity because of rapid urbanization and an increase in population has eventually led to power shortage across many regions where solar generators can play an important role in reducing this scarcity.

Furthermore, the market is influenced by the rising concerns about global climate change, which have created awareness regarding the usage of renewable resources like solar, hydro, and wind generation. Due to this, governments of varied countries are encouraging investments in renewable resources by providing tax relaxations and incentives. These initiatives have decreased the costs of solar generators, which, in turn, has boosted their sales.

Industrial Solar Power Generator Market Restraints:

The high cost of products and availability of other alternatives that are cost-effective, like battery power packs or inverter technology, are expected to decrease market growth. Although they're expensive than lead–acid batteries, various benefits offered by them make them highly suitable to be used in portable solar generators.

Opportunities in the Industrial Solar Generator Market:

Supportive government policies and programs to build up the installation of concentrated solar energy will continue to bolster the expansion of this market during the subsequent five years. The U.S. Department of Energy (DOE) provides funding through competitive awards to industry, universities, and national laboratories with the common goal of creating large-scale dispatchable solar power systems cost-competitive with zero subsidies by 2020. MUSTEC (Market uptake of solar thermal electricity through cooperation), within the light of the EU 2030, aims to explore and propose solid solutions to beat the barriers that hamper the arrangement of solar energy cooperation projects.

Industrial Solar Generator Market Segmentation:

The Industrial Solar Generator Market is segmented based on type and application. 

By Type:

  • Below 40 KWH
  • 40-80 KWH
  • 80-150 KWH
  • Above 150 KWH

Based on Type, the market is classified into Below 40 KWH, 40-80 KWH, 80-150 KWH, Over 150 KWH. The 80-150 KWH segment dominated the industrial Solar Generator Market in 2019, and this trend is predicted to continue during the forecast period. An increase in global population is expected to extend the demand for power backup, which, in turn, is projected to drive the up to 500 W segment during the forecast period.

By Application:

  • Electrical Industry
  • Oil and Gas Industry

Based on Application, the market is classified into Electrical Industry, Oil and Gas Industry. Electrical Industry is expected to become the fastest-growing market within the forecast duration. This may be accredited to the rising electricity prices and growing awareness among consumers about renewable energy sources.

Industrial Solar Generator Market Regional Analysis:

• Europe

• North America

• the Asia Pacific

• Middle East

North America is predicted to carry the biggest market share within the forecast period because of the rise in government support for solar installation also as reducing prices of solar panels. Following North America, Europe is holding significant shares of the industrial solar generator market. 

Impact of COVID-19 pandemic on Industrial Solar Generator Market:

The recent global pandemic outbreak caused due COVID-19 has affected the expansion of the solar generator market. The demand side has negatively impacted on account of nationwide lockdowns, which, in turn, has caused turmoil within the global economic growth, leading to declining business spending and investments in new projects. On the availability side, global supply chain disruption alongside the falling productivity across manufacturing facilities because of mandatory social distancing measures has also reduced the production of solar generator systems. On the demand side, solar installation is hit hard by this pandemic, with subsequent lockdown and declining business spending resulting in postpone of several solar projects.

Industrial Solar Generator Market Key Players:

Key participants operating in the industrial solar generator market includes 

 

1. Introduction               

              1.1 Market Definition   

              1.2 Scope of the report

              1.3 Study Assumptions 

              1.4 Base Currency, Base Year and Forecast Periods        

2. Research Methodology                         

              2.1 Analysis Design        

              2.2 Research Phases     

                             2.2.1 Secondary Research

                             2.2.2 Primary Research 

                             2.2.3 Data Modelling

                             2.2.4 Expert Validation

              2.3 Study Timeline         

3. Report Overview                      

              3.1 Executive Summary

              3.2 Key Inferencees       

4. Market Dynamics                    

              4.1 Impact Analysis       

                             4.1.1 Drivers

                             4.1.2 Restaints

                             4.1.3 Opportunities

              4.2 Regulatory Environment      

              4.3 Technology Timeline & Recent Trends          

5. Competitor Benchmarking Analysis                 

              5.1 Key Player Benchmarking    

                             5.1.1 Market share analysis

                             5.1.2 Products/Service

                             5.1.3 Regional Presence

              5.2 Mergers & Acquistion Landscape     

              5.3 Joint Ventures & Collaborations       

6. Market Segmentation                           

              6.1 Industrial Solar Generator Market, By Type 

                             6.1.1 Below 40 KWH

                             6.1.2 40-80 KWH

                             6.1.3 80-150 KWH

                             6.1.4 Above 150 KWH

                             6.1.5 Market Size Estimations & Forecasts (2021-2026)

                             6.1.6 Y-o-Y Growth Rate Analysis

                             6.1.7 Market Attractiveness Index

              6.2 Industrial Solar Generator Market, By Application   

                             6.2.1 Electrical Industry

                             6.2.2 Oil and Gas Industry

                             6.2.3 Market Size Estimations & Forecasts (2021-2026)

                             6.2.4 Y-o-Y Growth Rate Analysis

                             6.2.5 Market Attractiveness Index

7. Geographical Landscape                      

              7.1 Global Identity Governance and Administration Market, by Region             

              7.2 North America - Market Analysis (2018 - 2024)         

                             7.2.1 By Country

                            

                            

                             7.2.2 By Type

                             7.2.3 By Application

              7.3 Europe        

                             7.3.1 By Country

                            

                            

                            

                            

                            

                            

                             7.3.2 By Type

                             7.3.3 By Application

              7.4 Asia Pacific 

                             7.4.1 By Country

                            

                            

                            

                            

                            

                            

                            

                             7.4.2 By Type

                             7.4.3 By Application

              7.5 Latin America           

                             7.5.1 By Country

                            

                            

                            

                            

                             7.5.2 By Type

                             7.5.3 By Application

              7.6 Middle East and Africa         

                             7.6.1 By Country

                            

                            

                             7.6.2 By Type

                             7.6.3 By Application

8. Key Player Analysis                  

              8.1 Intech Clean Energy

                             8.1.1 Business Description

                             8.1.2 Products/Service

                             8.1.3 Financials

                             8.1.4 SWOT Analysis

                             8.1.5 Recent Developments

                             8.1.6 Analyst Overview

              8.2 Ameresco   

              8.3 REC Solar    

              8.4 Juwi             

              8.5 Jakson Group           

              8.6 REDAVIA     

              8.7 Kirchner Solar          

              8.8 Carnegie Clean Energy         

              8.9 Photon Energy         

              8.10 Enviroearth            

9. Market Outlook & Investment Opportunities               

Appendix                         

              List of Tables    

              List of Figures   

  • Global, regional and country-level analysis and forecasts of the study market; providing Insights on the major countries/regions in which this industry is blooming and to also identify the regions that are still untapped
  • Segment-level analysis in terms of technology, component, and type along with market size forecasts and estimations to detect key areas of industry growth in detail
  • Identification of key drivers, restraints, opportunities, and challenges (DROC) in the market and their impact on shifting market dynamics
  • Study of the effect of exogenous and endogenous factors that affect the global market; which includes broadly demographic, economics, and political, among other macro-environmental factors presented in an extensive PESTLE Analysis
  • Study the micro environment factors that determine the overall profitability of an Industry, using Porter’s five forces analysis for analysing the level of competition and business strategy development
  • A comprehensive list of key market players along with their product portfolio, current strategic interests, key financial information, legal issues, SWOT analysis and analyst overview to study and sustain the market environment
  • Competitive landscape analysis listing out the mergers, acquisitions, collaborations in the field along with new product launches, comparative financial studies and recent developments in the market by the major companies
  • An executive summary, abridging the entire report in such a way that decision-making personnel can rapidly become acquainted with background information, concise analysis and main conclusions
  • Expertly devised analyst overview along with Investment opportunities to provide both individuals and organizations a strong financial foothold in the market
  1. Global Industrial Solar Generator Market By Region, From 2021-2026 ( USD Billion )
  2. Global Industrial Solar Generator Market By Type, From 2021-2026 ( USD Billion )
  3. Global Below 40 KWH Market By Region, From 2021-2026 ( USD Billion )
  4. Global 40-80 KWH Market By Region, From 2021-2026 ( USD Billion )
  5. Global 80-150 KWH Market By Region, From 2021-2026 ( USD Billion )
  6. Global Above 150 KWH Market By Region, From 2021-2026 ( USD Billion )
  7. Global Industrial Solar Generator Market By Application, From 2021-2026 ( USD Billion )
  8. Global Electrical Industry Market By Region, From 2021-2026 ( USD Billion )
  9. Global Oil and Gas Industry Market By Region, From 2021-2026 ( USD Billion )

Please wait. . . . Your request is being processed

LICENCE TYPE

$ 1234 4255

Clients
clients
clients
clients
clients
clients
clients
Click for Request Sample