The global industrial solar generator market was valued at $195.2 million in 2020, and is projected to reach $907.0 million by 2030, growing at a CAGR of 16.9% from 2021 to 2030.
A solar generator is a device that, when used in conjunction with solar panels, provides crucial automatic backup power to industries at times when they are most needed, such as during power outages. They come with the option of fixed and mobile structures and have inbuilt storage batteries that store surplus power which can be utilized during non-sunlight hours. Solar generators are also portable but don’t include the moving components. An inverter, solar panels, a solar panel battery, and a battery charger are the basic components of these systems. The solar panels of a solar generator collect energy from the sun and store it in the generator's built-in battery. The inverter then takes that energy and converts it from DC power to AC power before releasing it. After the energy has been released, power may utilized in different industrial appliances and/or electronic gadgets when they are most needed, such as during a power outage.
Solar generators are cost-effective; they require minimum capital and fuel to operate, produce no pollution, and may store energy for later use. They are rapidly being employed for the generation and distribution of power across the world as a result of these considerations. Due to growing urbanization and population growth, an imbalance between supply and demand for energy has resulted in power shortages in many areas, which solar generators can help to alleviate. Furthermore, the market is impacted by growing worries about climate change, which has raised awareness of the benefits of renewable energy sources like as solar, hydro, and wind. Owing to which, governments of various countries are encouraging investments in renewable resources by providing tax relaxations and incentives. These initiatives have reduced the prices of solar generators which, in turn, has boosted their sales.
The global Industrial solar generator market is segmented on the basis of Type, application, and region. On the basis of Type, the global Industrial solar generator market is segmented into below 40 KWH, 40-80 KWH, 80-150 KWH, and over 150 KWH. The applications of Industrial solar generator include Electrical Industry, Oil and Gas Industry, and others. On the basis of region, the global Industrial solar generator market is studied across North America, Europe, Asia-Pacific, and LAMEA. Presently, Asia-Pacific accounts for the largest share of the market, followed by LAMEA and Europe.
Major players operating in the global industrial solar generator market include Goal Zero LLC, Hollandia Solar, Altern Limited, Juwi, Ameresco, Intech Clean Energy, REC Solar, Jakson Group, and Kirchner Solar
IMPACT OF COVID-19 ON THE GLOBAL INDUSTRIAL SOLAR GENERATOR MARKET
A solar generator is a device that, when used in conjunction with solar panels, provides crucial automatic backup power to industries at times when they are most needed, such as during power outages. They come with the option of fixed and mobile structures and have inbuilt storage batteries that store surplus power which can be utilized during non-sunlight hours. Solar generators are also portable but don’t include the moving components. An inverter, solar panels, a solar panel battery, and a battery charger are the basic components of these systems. The solar panels of a solar generator collect energy from the sun and store it in the generator's built-in battery. The inverter then takes that energy and converts it from DC power to AC power before releasing it. After the energy has been released, power may utilized in different industrial appliances and/or electronic gadgets when they are most needed, such as during a power outage.
Solar generators are cost-effective; they require minimum capital and fuel to operate, produce no pollution, and may store energy for later use. They are rapidly being employed for the generation and distribution of power across the world as a result of these considerations. Due to growing urbanization and population growth, an imbalance between supply and demand for energy has resulted in power shortages in many areas, which solar generators can help to alleviate. Furthermore, the market is impacted by growing worries about climate change, which has raised awareness of the benefits of renewable energy sources like as solar, hydro, and wind. Owing to which, governments of various countries are encouraging investments in renewable resources by providing tax relaxations and incentives. These initiatives have reduced the prices of solar generators which, in turn, has boosted their sales.
The global Industrial solar generator market is segmented on the basis of Type, application, and region. On the basis of Type, the global Industrial solar generator market is segmented into below 40 KWH, 40-80 KWH, 80-150 KWH, and over 150 KWH. The applications of Industrial solar generator include Electrical Industry, Oil and Gas Industry, and others. On the basis of region, the global Industrial solar generator market is studied across North America, Europe, Asia-Pacific, and LAMEA. Presently, Asia-Pacific accounts for the largest share of the market, followed by LAMEA and Europe.
Major players operating in the global industrial solar generator market include Goal Zero LLC, Hollandia Solar, Altern Limited, Juwi, Ameresco, Intech Clean Energy, REC Solar, Jakson Group, and Kirchner Solar
KEY BENEFITS FOR STAKEHOLDERS
- The report provides in-depth analysis of the global Industrial solar generator market along with the current trends and future estimations.
- This report highlights the key drivers, opportunities, and restraints of the market along with the impact analysis during the forecast period.
- Porter’s five forces analysis helps to analyze the potential of the buyers & suppliers and the competitive scenario of the global Industrial solar generator industry for strategy building.
- A comprehensive market analysis covers factors that drive and restrain the global Industrial solar generator market growth.
- The qualitative data about market dynamics, trends, and developments is provided in the report.
IMPACT OF COVID-19 ON THE GLOBAL INDUSTRIAL SOLAR GENERATOR MARKET
- COVID-19 has spread to almost 213 countries around the globe with the World Health Organization declaring it a public health emergency on March 11, 2020.
- Some of the major economies suffering from the COVID-19 crises include Germany, France, Italy, Spain, the UK, and Norway.
- Industrial solar generator is primarily used in Electrical Industry, Oil and Gas Industry, industrial, and personal care.
- In many countries, the economy has dropped due to the halt of several industries, especially transport and supply chain. Demand for the product has been hindered as there is no development due to the lockdown.
- The demand-supply gap, disruptions in raw material procurement, and price volatility are expected to hamper the growth of the industry during the COVID-19 pandemic.
- Due to a scarcity of resources in various parts of the world, the COVID-19 epidemic has impacted negatively on the manufacturing and industrial industries. The industry's top players are concerned about the market's prospects and are rethinking their strategies to meet the challenge.
KEY MARKET SEGMENTS
By Type
- Below 40 KWH
- 40-80 KWH
- 80-150 KWH
- Over 150 KWH
By Application
- Electrical Industry
- Oil and Gas Industry
- Others
By Region
- North America
- U.S.
- Canada
- Mexico
- Europe
- Germany
- France
- Spain
- Italy
- UK
- Rest of Europe
- Asia-Pacific
- China
- Japan
- India
- South Korea
- Australia
- Rest of Asia-Pacific
- LAMEA
- Brazil
- South Africa
- Saudi Arabia
- Rest of LAMEA
KEY MARKET PLAYERS
- Goal Zero LLC
- Hollandia Solar
- Altern Limited
- Juwi
- Ameresco
- Intech Clean Energy
- REC Solar
- Jakson Group
- Kirchner Solar
Table of Contents
CHAPTER 1: INTRODUCTION
CHAPTER 2: EXECUTIVE SUMMARY
CHAPTER 3: MARKET LANDSCAPE
CHAPTER 4: INDUSTRIAL SOLAR GENERATOR MARKET, BY TYPE
CHAPTER 5: INDUSTRIAL SOLAR GENERATOR MARKET, BY APPLICATION
CHAPTER 6: INDUSTRIAL SOLAR GENERATOR MARKET, BY REGION
CHAPTER 7: COMPETITIVE LANDSCAPE
CHAPTER 8: COMPANY PROFILES
List of Tables
List of Figures
Methodology
The analyst offers exhaustive research and analysis based on a wide variety of factual inputs, which largely include interviews with industry participants, reliable statistics, and regional intelligence. The in-house industry experts play an instrumental role in designing analytic tools and models, tailored to the requirements of a particular industry segment. The primary research efforts include reaching out participants through mail, tele-conversations, referrals, professional networks, and face-to-face interactions.
They are also in professional corporate relations with various companies that allow them greater flexibility for reaching out to industry participants and commentators for interviews and discussions.
They also refer to a broad array of industry sources for their secondary research, which typically include; however, not limited to:
- Company SEC filings, annual reports, company websites, broker & financial reports, and investor presentations for competitive scenario and shape of the industry
- Scientific and technical writings for product information and related preemptions
- Regional government and statistical databases for macro analysis
- Authentic news articles and other related releases for market evaluation
- Internal and external proprietary databases, key market indicators, and relevant press releases for market estimates and forecast
Furthermore, the accuracy of the data will be analyzed and validated by conducting additional primaries with various industry experts and KOLs. They also provide robust post-sales support to clients.
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Table Information
| Report Attribute | Details |
|---|---|
| No. of Pages | 220 |
| Published | September 2021 |
| Forecast Period | 2020 - 2030 |
| Estimated Market Value ( USD | $ 195.2 million |
| Forecasted Market Value ( USD | $ 907 million |
| Compound Annual Growth Rate | 16.6% |
| Regions Covered | Global |
