Growing need for sustainable energy, rise in stand-alone solutions, and growing concerns about the global growth of environmentally friendly electricity generation.
— Emerging research
VANCOUVER, BC, CANADA, August 30, 2022 /EINPresswire.com/ — The global smart/solar flower market is expected to reach a market size of USD 41.87 billion with a stable revenue CAGR of 15.7% in 2028, according to the latest analysis from Emergen Research. This steady revenue growth can be attributed to the environment-friendly power generation and autonomous sun tracking system which is also a growth driver for the smart solar flower market.
Increasingly stringent regulations to support environmental conservation in the power industry are driving the deployment of unconventional energy such as solar, wind, tidal, and small hydropower. Additionally, growing demand for environment-friendly energy resources is another factor driving the growth of the market. Technological development in the market is continuously driving investment in the solar panel industry, which further boosts market growth, and the trend is expected to continue during the forecast period.
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The major companies covered in the report are:
JinkoSolar Holding Co. Ltd., Canadian Solar Inc., First Solar Inc., GCL-Poly Energy Holdings Ltd., SunPower Corp., SolarEdge Technologies Inc., Xinyi Solar Holdings Ltd., Yingli Green Energy Holding Co. Ltd., SMA Solar Technology AG, Atlantica Sustainable Infrastructure PLC.
In February 2021, JinkoSolar Holding Co. Ltd., which is one of the largest and most innovative solar manufacturers in the world, entered into a new long-term partnership with Tongwei Co., Ltd. (“Tongwei”) to jointly invest in high-purity crystalline silicon project with an annual capacity of 45,000 metric tons of silicon wafer project and produce 15 GW per year.
The off-grid segment accounted for the largest revenue share in the smart/solar flower market in 2020, and the revenue growth rate is expected to increase rapidly over the forecast period. In an off-grid system consists of solar panel, inverter, charge controller and mounting structure, which accumulate the sufficient amount of sunlight during the day and use them to generate electricity. energy at night, which is the key factor to boost the off-grid system into solar energy. flower market.
The growth rate of Radio Frequency Identification (RFID) revenue is expected to increase rapidly over the forecast period. The rapid increase in effective monitoring of the sun is driving the increasing adoption of RFID to increase the performance of the solar flower.
The institutional segment accounted for the largest revenue share in the smart flower market in 2020, which is expected to grow rapidly over the forecast period. Growing preference for smart flowers owing to ever-expanding panel ranges and sensitivity to climatic adjustments is a key factor supporting the growth of the market.
North America accounted for the largest revenue share in the global smart solar flower market in 2020. Growing adoption of unconventional energy such as solar, wind and tidal power in countries across the region is boosting market growth.
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Emergen Research has segmented the global smart solar flower market on the basis of connectivity, components, application, and region:
Connectivity Outlook (Revenue, USD Billion; 2018-2028)
on the grid
Components Outlook (Revenue, USD Billion; 2018-2028)
Smart measuring devices
Radio Frequency Identification (RFID)
Application Outlook (Revenue, USD Billion; 2018-2028)
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Regional Outlook (Revenue, USD Billion; 2018-2028)
The rest of Europe
Rest of APAC
Rest of LATAM
Middle East and Africa
United Arab Emirates
Rest of MEA
Radical characteristics of the Smart and solar flower market Report:
The report includes Smart and Solar Flower market overview along with market share, supply & demand ratio, production & consumption patterns, supply chain and market analysis. other elements ley.
An in-depth analysis of the different approaches and procedures undertaken by key players to conduct their business effectively
Offers an overview of production and manufacturing value, products and services offered in the market, and fruitful information on investment strategies
Supply chain analysis along with the technological advancements offered in the report
The report covers an in-depth analysis of the trends, drivers, restraints, limitations, threats and growth opportunities in the Smart and Solar Flower industry
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