September 25, 2022

Smart and Solar Flower Market Expected to Reach US$41.87 Billion by 2030 | Emerging research

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Growing need for sustainable energy, rise in stand-alone solutions, and growing concerns about the global growth of environmentally friendly electricity generation.

Smart and Solar Flower Market Size – USD 12.95 Billion in 2020, Market Growth – at a CAGR of 15.7%, Market Trends – Rising Adoption of Environmentally Friendly Energy Resources »

— 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.

Report Highlights

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

Off-grid

Components Outlook (Revenue, USD Billion; 2018-2028)

SCADA

Smart measuring devices

Radio Frequency Identification (RFID)

Application Outlook (Revenue, USD Billion; 2018-2028)

Commercial

Institutional

Residential

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Regional Outlook (Revenue, USD Billion; 2018-2028)

North America

WE

Canada

Mexico

Europe

Germany

UK

France

Italy

Spain

BENELUX

The rest of Europe

Asia Pacific

China

India

Japan

South Korea

Rest of APAC

Latin America

Brazil

Rest of LATAM

Middle East and Africa

Saudi Arabia

United Arab Emirates

South Africa

Turkey

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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About Emergen Research

At Emergen Research, we believe in advancing with technology. We are a growing market strategy consulting and research firm with an extensive knowledge base on cutting-edge and potentially market-disrupting technologies that are expected to become more prevalent over the next decade.

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Emerging research
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