Global Solar Farm Automation Market to Reach $361.8 Million by 2030
The global market for Solar Farm Automation estimated at US$263.3 Million in the year 2022, is projected to reach a revised size of US$361.8 Million by 2030, growing at a CAGR of 4.1% over the analysis period 2022-2030. Solar Tracker, one of the segments analyzed in the report, is projected to record 3.3% CAGR and reach US$226.4 Million by the end of the analysis period. Taking into account the ongoing post pandemic recovery, growth in the Distributed Control System (DCS) segment is readjusted to a revised 4.4% CAGR for the next 8-year period.The U.S. Market is Estimated at $77.6 Million, While China is Forecast to Grow at 3.7% CAGR
The Solar Farm Automation market in the U.S. is estimated at US$77.6 Million in the year 2022. China, the world's second largest economy, is forecast to reach a projected market size of US$63.4 Million by the year 2030 trailing a CAGR of 3.7% over the analysis period 2022 to 2030. Among the other noteworthy geographic markets are Japan and Canada, each forecast to grow at 3.8% and 3.4% respectively over the 2022-2030 period. Within Europe, Germany is forecast to grow at approximately 4.2% CAGR.Select Competitors (Total 11 Featured) -
- ABB Group
- Abengoa Solar SA
- AllEarth Renewables
- DEGERenergie GmbH & Co. KG
- Emerson Electric Company
- Energia Ercam S.A.
- First Solar, Inc.
- General Electric Company
- Haosolar Co. Ltd
- Heliopower
- Honeywell International, Inc.
- Mecasolar (Mecanizados Solares S.L.)
- Mitsubishi Electric Corporation
- NEXTracker, Inc.
- Rockwell Automation, Inc.
- Siemens AG
- Trabant Solar Inc.
- Yokogawa Electric Corporation
What's New?
- Special coverage on Russia-Ukraine war; global inflation; easing of zero-Covid policy in China and its `bumpy` reopening; supply chain disruptions, global trade tensions; and risk of recession.
- Global competitiveness and key competitor percentage market shares
- Market presence across multiple geographies - Strong/Active/Niche/Trivial
- Online interactive peer-to-peer collaborative bespoke updates
- Access to digital archives and Research Platform
- Complimentary updates for one year
Table of Contents
Companies Mentioned (Partial List)
A selection of companies mentioned in this report includes, but is not limited to:
- ABB Group
- Abengoa Solar SA
- AllEarth Renewables
- DEGERenergie GmbH & Co. KG
- Emerson Electric Company
- Energia Ercam S.A.
- First Solar, Inc.
- General Electric Company
- Haosolar Co. Ltd
- Heliopower
- Honeywell International, Inc.
- Mecasolar (Mecanizados Solares S.L.)
- Mitsubishi Electric Corporation
- NEXTracker, Inc.
- Rockwell Automation, Inc.
- Siemens AG
- Trabant Solar Inc.
- Yokogawa Electric Corporation
Table Information
Report Attribute | Details |
---|---|
No. of Pages | 229 |
Published | April 2024 |
Forecast Period | 2022 - 2030 |
Estimated Market Value ( USD | $ 263.3 Million |
Forecasted Market Value ( USD | $ 361.8 Million |
Compound Annual Growth Rate | 4.1% |
Regions Covered | Global |