Information Technology, communication, monitoring and load management systems are all areas which are seeing strong growth, in regards to solar systems, market analysts MarketsandMarkets have found in their latest report. These solutions, along with RFID, automation, metering, intelligrid and analytics are all experiencing high demand, driven by advancements in technology.
The sector represents, "a tremendous market opportunity" writes MarketsandMarkets, in a statement announcing its latest report.
So called "smart" solar is set to grow at a Compound Annual Growth Rate (CAGR) of 18.7% out to 2018, reaching a market value of $15.34 billion.
Both established companies and startups are active in the market, with some of the major players including GE Energy, Siemens, Schneider Electric, Echelon, Itron and SunPower. Many of these companies are well known to solar industry participants.
Intelligent solar solutions are serving various "verticals" such as utilities, government, healthcare, construction, education and logistics and distributions, writes MarketsandMarkets.
This content is protected by copyright and may not be reused. If you want to cooperate with us and would like to reuse some of our content, please contact: editors@pv-magazine.com.
By submitting this form you agree to pv magazine using your data for the purposes of publishing your comment.
Your personal data will only be disclosed or otherwise transmitted to third parties for the purposes of spam filtering or if this is necessary for technical maintenance of the website. Any other transfer to third parties will not take place unless this is justified on the basis of applicable data protection regulations or if pv magazine is legally obliged to do so.
You may revoke this consent at any time with effect for the future, in which case your personal data will be deleted immediately. Otherwise, your data will be deleted if pv magazine has processed your request or the purpose of data storage is fulfilled.
Further information on data privacy can be found in our Data Protection Policy.