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.
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.
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.
On the basis of application, the global containerized solar generators market is segmented into commercial, residential, industrial, and government. Of them, the commercial segment is expected to display the leading growth rate during the forecast period. Rising energy costs of commercial establishments and growing awareness about clean energy account for the dominance of commercial application segment. Incentives offered by governments for the adoption of renewable energy is also driving the adoption of containerized solar generators in the commercial segment. This segment is expected to be followed by the residential and government sectors in terms of growth rate.
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.
Global Containerized Solar Generators Market: Overview
This report on the global containerized solar generator market provides analysis for the period 2015–2025, wherein 2016 is the base year and the period from 2017 to 2025 is the forecast period. Data for 2015 has been included as historical information. The report covers market dynamics including drivers, restraints opportunities, and trends expected to influence the containerized solar generator market growth during the said period. The study provides a comprehensive analysis on market growth throughout the above forecast period in terms of revenue (in US$ Mn) and volume (Thousand Units), across different geographies.
The report includes key industrial developments in containerized solar generator market. Porter’s five forces analysis which identifies bargaining power of supplier, bargaining power of buyer, threat from new entrant, threat from substitute and threat from competition in containerized solar generator market is also included in the report. Value chain analysis which shows work flow in the containerized solar generator and identifies raw material supplier, manufacture and end users of the containerized solar generator is also covered in the report. Segment trends and regional trends have also been added in containerized solar generator market. The report also covers segment wise comparison matrix, market attractiveness analysis and market positioning of key players.
Comparison matrix includes segment growth matrix, 2017 - 2025 (%), segment revenue contribution, 2017 - 2025 (%), and segment compounded growth matrix (CAGR %). Market attractiveness identifies and compares segments market attractiveness on the basis of CAGR and market share index across North America, Europe, Asia Pacific, Middle East & Africa (MEA), and South America.
The report also includes competition landscape which includes competition matrix, market share analysis of major players in the global containerized solar generator market based on their 2016 revenues and profiles of major players. Competition matrix benchmarks leading players on the basis of their capabilities and potential to grow. Factors including market position, offerings and R&D focus are attributed to company’s capabilities, while factors including top line growth, market share, segment growth, and future outlook are attributed to company’s potential to grow. This section also identifies and includes various recent developments carried out by the leading players of containerized solar generator sector.
Global Containerized Solar Generators Market: Market Segmentation
The containerized solar generator market has been segmented on the basis of product type, storage capacity, application and geography. Based on product type, the market has been further classified into off grid, and grid connected. On the bases of storage capacity, the containerized solar generator market is segmented into 10 – 40 KWH, 40 – 80 KWH, 80 - 150 KWH and More than 150 KWH. By application, the containerized solar generator market is classified into commercial, residential, industrial and government. Geographically, the report segments the global containerized solar generator market into North America, Europe, Asia Pacific (APAC), Middle East & Africa (MEA), and South America; the regions are analyzed in terms of revenue generation and volume installation. Furthermore, prominent countries covered in the report for each region include the following – The U.S, Canada, U.K., Germany, France, China , India, Japan, UAE, Saudi Arabia, Africa, Brazil, South Africa, and Italy.
Global Containerized Solar Generators Market: Competitive Landscape
Company profiling includes company overview, major business strategies adopted, SWOT analysis and market revenues for year 2014 to 2016. The global players profiled in the global containerized solar generators market include Silicon CPV Plc., HCI Energy, LLC, PWRstation, 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.
The global containerized solar generator market is segmented as below:
Global Containerized Solar Generators, By Product Type
- Off Grid
- Grid Connected
Global Containerized Solar Generators, By Storage Capacity
- 10 – 40 KWH
- 40 – 80 KWH
- 80 - 150 KWH
- More than 150 KWH
Global Containerized Solar Generators, By Application
Global Containerized Solar Generator, By Geography
- North America
- The U.S.
- Rest of North America
- The U.K.
- Rest of Europe
- Asia Pacific (APAC)
- Rest of Asia Pacific
- Middle East and Africa (MEA)
- Saudi Arabia
- Rest of MEA
- South America
- Rest of South America