Smart Solar Energy

Smart Solar Energy Market Global Trend and Opportunity Analysis 2021-2031

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  • Published
    July 2021

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Example Insights

  • In the coming years, the market is anticipated to grow at a significant pace, driven by growing installation of smart grids due to the regional government’s efforts to promote the use of renewable energy sources, such as solar and wind, as well as to reduce the dependency on depleting fossil fuels. However, high operational and maintenance costs, coupled with the exorbitant smart solar panel deployment prices, are expected to hinder the market growth.
  • Since 2018, several partnerships have been inked between industry stakeholders, and several upcoming projects were announced as well. For instance, in May 2021, Vale S.A. inked a deal with Nextracker for the supply of smart solar trackers for its 766 MW Sol de Cerrado solar project in Brazil.  Further, in February 2021, Rourkela Municipal Corporation (RMC) announced that it was actively trying to reduce its carbon footprints by improving energy efficiency through the generation of substantial solar energy and limit consumption of conventional power as a part of its smart city project. For this project, RMC will adopt the public private partnership (PPP) model.  
  • Based on prevalent trends, the market size is likely to be significantly impacted by the active contributions of several big energy players that are involved in this domain.

Report Description

The “Smart Solar Energy Market: Global Opportunity and Trend Analysis, 2021-2031” report features an extensive study of the current market landscape of the stakeholders engaged in this emerging industry. 

This report provides an in-depth analysis of the players offering smart solar energy solutions, highlighting some of the key strategies that they have adopted over the years. The study further includes informed insights related to the competitive market landscape, based on both qualitative and quantitative assessments of key market trends, growth drivers, constraints, and upcoming opportunity areas, within the smart solar energy industry.

One of the key objectives of the report was to estimate the existing market size and future opportunity associated with the smart solar energy solutions, over the next decade. Based on multiple parameters, such as the historical and anticipated growth of the solar energy market, adoption and spending on the Internet of thing (IoT) technology by solution providers, current and anticipated cost of smart solar panels, upcoming solar energy projects, and historic and anticipated per unit solar energy, price we have developed informed estimates on the evolution of this market, for the period 2021-2031.

Scope of the Report

  • A detailed assessment of the market opportunity associated with smart solar energy solutions, over the next decade, based on type of device (smart solar meters, intelligrid, and radio frequency identification (RFID)), type of service (asset management, network management, meter data management, remote metering and others), type of application (residential, commercial and utility) and key geographical regions (North America, Europe, Asia Pacific and rest of the world). 
  • An analysis of the competitive market landscape based on several relevant parameters, and featuring important details related to the players engaged in the smart solar energy market, such as their year of establishment, location of headquarters, company size (in terms of employee count) and list of key executives.
  • An insightful market assessment summary, highlighting the key strategic initiatives undertaken by players engaged in the smart solar energy domain.
  • An analysis of the investments made at various stages of development, such as seed financing, venture capital financing, debt financing, grants / awards, capital raised from IPOs and subsequent offerings, in companies that are engaged in this field.
  • An analysis of the partnerships that have been established in the domain, over the past few years, based on several relevant parameters, such as year of deal, type of partnership, location of headquarters of partnering companies and most active players (in terms of number of partnership instances).
  • A detailed, qualitative assessment of the key growth drivers, restraints, and emerging opportunity areas, associated with smart solar energy market.
  • Detailed profiles of companies offering smart solar energy solutions, featuring an overview of the company, information related to its financials (if available), key offerings, as well as some of the recent strategic initiatives undertaken by the firm in pursuit of organic growth.

Key Questions Answered

  • Who are the leading industry players in this market?
  • What are the different types of strategic initiatives undertaken by industry stakeholders, in pursuit of organic growth?
  • What is the trend of investments made into the companies engaged in this field?
  • What are the key growth strategies being adopted by players offering smart solar energy solutions? 
  • What are the key drivers and restraints within the smart solar energy market?
  • How is the current and future market opportunity likely to be distributed across key market segments?

Examples of key industry players featured in this report have been mentioned below (inexhaustive list; in alphabetical order):

  1. ABB 
  2. Echelon 
  3. GE Power
  4. Itron
  5. Landis+GYR 
  6. Schneider Electric 
  7. Silver Spring Network
  8. Sensus USA 
  9. Siemens
  10. Urban Green Energy


Table Of Contents

1. Preface

2. Executive Summary

3. Market Overview

4. Market Sizing and Opportunity Analysis by Type of Device

5. Market Sizing and Opportunity Analysis by Type of Service

6. Market Sizing and Opportunity Analysis by Type of Application

7. Market Sizing and Opportunity Analysis by Geography

8. Company Profiles

9. Competitive Landscape

10. Partnerships and Collaborations

11. Start-Up Funding Analysis

12. Executive Insights


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