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Smart Solar Power Market By Device, By Solution, By Application: Global Opportunity Analysis and Industry Forecast, 2021-2031

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    Report

  • 340 Pages
  • September 2022
  • Region: Global
  • Allied Market Research
  • ID: 5713074
The global smart solar power market size was valued at $13.4 billion in 2021, and projected to reach $47.7 billion by 2031, with a CAGR of 13.6% from 2022 to 2031.

Solar power refers to technology that harvests sunlight and utilizes it for various purposes such as electricity generation, heating, desalination of seawater etc. Smart solar power is an advanced form of the traditional solar energy system. The solar power industry is growing at a rapid pace, as there is a high demand for energy management solutions and monitoring devices across various industry verticals.

The increase in urban population worldwide has created a rise in demand for resources. The depletion in fossil fuel resources is making government organizations to innovate in such a way that they can utilize alternative resources to extract the energy for the necessities in life. Smart solar solutions help users reduce their electricity expenses and increase the efficiency of solar components by monitoring and communicating in real-time. The traditional power generation techniques depend a lot on non-renewable energy sources and generate a lot of pollution. The limited supply of these resources has triggered the need for renewable sources of energy. Moreover, increasing power tariff and government subsidies on solar power are driving the smart solar power market.

The ever-growing energy demand from residential and industrial end users and depleting natural resources have resulted in the need to control the energy consumption and switch to more efficient and cleaner energy generation source. Governments around the world are looking for cost-effective solutions and are encouraging the public by giving subsidies, shifting to green solutions, in turn, pushing the adoption of smart solar solutions. For instance, several policy measures have been set in place by MNRE to support the achievement of India’s 2022 solar goals. An amendment has been made to the National Tariff Policy to include provisions for Renewable Generation Obligations and Renewable Purchase Obligations. The policy requires state-owned power distribution companies to purchase 8% of their energy from solar by 2022 and mandates thermal power plant operators to have a certain amount of renewable components in any newly installed capacity. The above mentioned policies and initiatives will have positive impact on the development of the market.

The global smart solar power market is segmented on the basis of device, solution, application, and region.

On the basis of device, it is segmented into smart solar meters, intelligrid, and RFID. On the basis of solution, the market is segmented into asset management, network monitoring, meter data management, analytics, SCADA, remote monitoring, and outage management. On the basis of application, the market is segmented into commercial, industrial, and residential. Furthermore, industrial segment is bifurcated into government, healthcare, construction, and others.

Region wise, the market is studied across North America, Europe, Asia-Pacific, and LAMEA. Presently, North America accounts for the largest share of the market, followed by Europe and Asia-Pacific.

The major companies profiled in this report include Aclara Software, GE Energy, ABB, CAlico Energy Services, HCL Technologies, Siemens, Echelon Corporation, Schneider Electric, Urban Green Energy International, Landis+GYR AG, Sensus USA Inc., Silver Spring Networks INC., Itron Inc., HCL Technologies, and Huawei Technologies Co., Ltd. Due to rapid industrialization, urbanization and gradual increase in population has led to increase in the demand for power. Additional growth strategies such as expansion of production capacities, acquisition, partnership and research & innovation in new technologies related to smart solar power have led to attain key developments in the global smart solar power market trends.

Impact of Covid-19 on Smart Solar Power Market

The global COVID-19 pandemic has negative impact on the smart solar power market. Owing to the outbreak of the COVID-19 pandemic, governments of various countries have implemented lockdown, which has led to shutdown of factories in scores of cities and provinces across the world, thus, leading to sharp slowdown in the output from residential to industrial sectors. Moreover, companies are dealing with missing sales and fractured supply chains as production activities shutdowns. Among other problems, it might be possible that companies may not be able to meet project delivery timelines that could alter tax treatment or eligibility for state incentives for such projects. For instance, recently in July 2020, the Seychelles government has confirmed that the construction of a floating solar PV power plant will be delayed due to the global pandemic. All over the globe, solar project developers were worried about project delays due to the slowdown of manufacturing in China.

Post pandemic outbreak, the gradual surge in the construction sector has led increase in the demand for solar power market. The governments of various developing and developed countries has invested in the development of solar power plants in order to reduce their imports of fossil fuels, and other energy resources. Furthermore, increase in awareness among the people regarding the impact of utilization of solar power to reduce growing electricity tariffs in residential sector is expected to drive the demand for smart solar power systems. The trend is expected to continue during the forecast period.

Key Benefits For Stakeholders

  • This report provides a quantitative analysis of the market segments, current trends, estimations, and dynamics of the smart solar power market analysis from 2021 to 2031 to identify the prevailing smart solar power market opportunities.
  • The market research is offered along with information related to key drivers, restraints, and opportunities.
  • Porter's five forces analysis highlights the potency of buyers and suppliers to enable stakeholders make profit-oriented business decisions and strengthen their supplier-buyer network.
  • In-depth analysis of the smart solar power market segmentation assists to determine the prevailing market opportunities.
  • Major countries in each region are mapped according to their revenue contribution to the global market.
  • Market player positioning facilitates benchmarking and provides a clear understanding of the present position of the market players.
  • The report includes the analysis of the regional as well as global smart solar power market trends, key players, market segments, application areas, and market growth strategies.

Key Market Segments

By Device

  • Smart Solar Meters
  • IntelliGrid
  • RFID

By Solution

  • Asset Management
  • Network Monitoring
  • Meter Data Management
  • Analytics
  • SCADA
  • Remote Metering
  • Outage Management

By Application

  • Commercial
  • Industrial
  • Type
  • Government
  • Healthcare
  • Construction
  • Others
  • Residential

By Region

  • North America
  • U.S.
  • Canada
  • Mexico
  • Europe
  • Germany
  • Italy
  • Spain
  • UK
  • France
  • Rest Of Europe
  • Asia-Pacific
  • South Korea
  • Australia
  • Rest Of Asia-Pacific
  • China
  • Japan
  • India
  • LAMEA
  • Brazil
  • Chile
  • South Africa
  • Rest Of LAMEA

Key Market Players

  • Aclara Software
  • GE Energy
  • ABB Ltd
  • CAlico Energy Services
  • Siemens AG
  • Echelon Corporation
  • Schneider Electric
  • Urban Green Energy International
  • Landis+GYR AG
  • Sensus USA Inc.
  • Silver Spring Networks INC.
  • Itron Inc.
  • HCL Technologies Ltd
  • Huawei Technologies Co., Ltd
Frequently Asked Questions about the Global Smart Solar Power Market

What is the estimated value of the Global Smart Solar Power Market?

The Global Smart Solar Power Market was estimated to be valued at $13.4 billion in 2021.

What is the growth rate of the Global Smart Solar Power Market?

The growth rate of the Global Smart Solar Power Market is 13.5%, with an estimated value of $47.7 billion by 2031.

What is the forecasted size of the Global Smart Solar Power Market?

The Global Smart Solar Power Market is estimated to be worth $47.7 billion by 2031.

Who are the key companies in the Global Smart Solar Power Market?

Key companies in the Global Smart Solar Power Market include Aclara Software, GE Energy, ABB Ltd, CAlico Energy Services, Siemens AG, Echelon Corporation, Schneider Electric, Urban Green Energy International and Sensus USA Inc..

Table of Contents

CHAPTER 1: INTRODUCTION
1.1. Report description
1.2. Key market segments
1.3. Key benefits to the stakeholders
1.4. Research Methodology
1.4.1. Secondary research
1.4.2. Primary research
1.4.3. Analyst tools and models

CHAPTER 2: EXECUTIVE SUMMARY
2.1. Key findings of the study
2.2. CXO Perspective

CHAPTER 3: MARKET OVERVIEW
3.1. Market definition and scope
3.2. Key findings
3.2.1. Top investment pockets
3.3. Porter’s five forces analysis
3.4. Top player positioning
3.5. Market dynamics
3.5.1. Drivers
3.5.2. Restraints
3.5.3. Opportunities
3.6. COVID-19 Impact Analysis on the market
3.7. Value Chain Analysis
3.8. Key Regulation Analysis

CHAPTER 4: SMART SOLAR POWER MARKET, BY DEVICE
4.1 Overview
4.1.1 Market size and forecast
4.2 Smart Solar Meters
4.2.1 Key market trends, growth factors and opportunities
4.2.2 Market size and forecast, by region
4.2.3 Market analysis by country
4.3 IntelliGrid
4.3.1 Key market trends, growth factors and opportunities
4.3.2 Market size and forecast, by region
4.3.3 Market analysis by country
4.4 RFID
4.4.1 Key market trends, growth factors and opportunities
4.4.2 Market size and forecast, by region
4.4.3 Market analysis by country

CHAPTER 5: SMART SOLAR POWER MARKET, BY SOLUTION
5.1 Overview
5.1.1 Market size and forecast
5.2 Asset Management
5.2.1 Key market trends, growth factors and opportunities
5.2.2 Market size and forecast, by region
5.2.3 Market analysis by country
5.3 Network Monitoring
5.3.1 Key market trends, growth factors and opportunities
5.3.2 Market size and forecast, by region
5.3.3 Market analysis by country
5.4 Meter Data Management
5.4.1 Key market trends, growth factors and opportunities
5.4.2 Market size and forecast, by region
5.4.3 Market analysis by country
5.5 Analytics
5.5.1 Key market trends, growth factors and opportunities
5.5.2 Market size and forecast, by region
5.5.3 Market analysis by country
5.6 SCADA
5.6.1 Key market trends, growth factors and opportunities
5.6.2 Market size and forecast, by region
5.6.3 Market analysis by country
5.7 Remote Metering
5.7.1 Key market trends, growth factors and opportunities
5.7.2 Market size and forecast, by region
5.7.3 Market analysis by country
5.8 Outage Management
5.8.1 Key market trends, growth factors and opportunities
5.8.2 Market size and forecast, by region
5.8.3 Market analysis by country

CHAPTER 6: SMART SOLAR POWER MARKET, BY APPLICATION
6.1 Overview
6.1.1 Market size and forecast
6.2 Commercial
6.2.1 Key market trends, growth factors and opportunities
6.2.2 Market size and forecast, by region
6.2.3 Market analysis by country
6.3 Industrial
6.3.1 Key market trends, growth factors and opportunities
6.3.2 Market size and forecast, by region
6.3.3 Market analysis by country
6.3.4 Industrial Smart Solar Power Market by Type
6.3.4.1 Government Market size and forecast, by region
6.3.4.2 Government Market size and forecast, by country
6.3.4.3 Healthcare Market size and forecast, by region
6.3.4.4 Healthcare Market size and forecast, by country
6.3.4.5 Construction Market size and forecast, by region
6.3.4.6 Construction Market size and forecast, by country
6.3.4.7 Others Market size and forecast, by region
6.3.4.8 Others Market size and forecast, by country
6.4 Residential
6.4.1 Key market trends, growth factors and opportunities
6.4.2 Market size and forecast, by region
6.4.3 Market analysis by country

CHAPTER 7: SMART SOLAR POWER MARKET, BY REGION
7.1 Overview
7.1.1 Market size and forecast
7.2 North America
7.2.1 Key trends and opportunities
7.2.2 North America Market size and forecast, by Device
7.2.3 North America Market size and forecast, by Solution
7.2.4 North America Market size and forecast, by Application
7.2.4.1 North America Industrial Smart Solar Power Market by Type
7.2.5 North America Market size and forecast, by country
7.2.5.1 U.S.
7.2.5.1.1 Market size and forecast, by Device
7.2.5.1.2 Market size and forecast, by Solution
7.2.5.1.3 Market size and forecast, by Application
7.2.5.1.3.1 U.S. Industrial Smart Solar Power Market by Type
7.2.5.2 Canada
7.2.5.2.1 Market size and forecast, by Device
7.2.5.2.2 Market size and forecast, by Solution
7.2.5.2.3 Market size and forecast, by Application
7.2.5.2.3.1 Canada Industrial Smart Solar Power Market by Type
7.2.5.3 Mexico
7.2.5.3.1 Market size and forecast, by Device
7.2.5.3.2 Market size and forecast, by Solution
7.2.5.3.3 Market size and forecast, by Application
7.2.5.3.3.1 Mexico Industrial Smart Solar Power Market by Type
7.3 Europe
7.3.1 Key trends and opportunities
7.3.2 Europe Market size and forecast, by Device
7.3.3 Europe Market size and forecast, by Solution
7.3.4 Europe Market size and forecast, by Application
7.3.4.1 Europe Industrial Smart Solar Power Market by Type
7.3.5 Europe Market size and forecast, by country
7.3.5.1 Germany
7.3.5.1.1 Market size and forecast, by Device
7.3.5.1.2 Market size and forecast, by Solution
7.3.5.1.3 Market size and forecast, by Application
7.3.5.1.3.1 Germany Industrial Smart Solar Power Market by Type
7.3.5.2 Italy
7.3.5.2.1 Market size and forecast, by Device
7.3.5.2.2 Market size and forecast, by Solution
7.3.5.2.3 Market size and forecast, by Application
7.3.5.2.3.1 Italy Industrial Smart Solar Power Market by Type
7.3.5.3 Spain
7.3.5.3.1 Market size and forecast, by Device
7.3.5.3.2 Market size and forecast, by Solution
7.3.5.3.3 Market size and forecast, by Application
7.3.5.3.3.1 Spain Industrial Smart Solar Power Market by Type
7.3.5.4 UK
7.3.5.4.1 Market size and forecast, by Device
7.3.5.4.2 Market size and forecast, by Solution
7.3.5.4.3 Market size and forecast, by Application
7.3.5.4.3.1 UK Industrial Smart Solar Power Market by Type
7.3.5.5 France
7.3.5.5.1 Market size and forecast, by Device
7.3.5.5.2 Market size and forecast, by Solution
7.3.5.5.3 Market size and forecast, by Application
7.3.5.5.3.1 France Industrial Smart Solar Power Market by Type
7.3.5.6 Rest of Europe
7.3.5.6.1 Market size and forecast, by Device
7.3.5.6.2 Market size and forecast, by Solution
7.3.5.6.3 Market size and forecast, by Application
7.3.5.6.3.1 Rest of Europe Industrial Smart Solar Power Market by Type
7.4 Asia-Pacific
7.4.1 Key trends and opportunities
7.4.2 Asia-Pacific Market size and forecast, by Device
7.4.3 Asia-Pacific Market size and forecast, by Solution
7.4.4 Asia-Pacific Market size and forecast, by Application
7.4.4.1 Asia-Pacific Industrial Smart Solar Power Market by Type
7.4.5 Asia-Pacific Market size and forecast, by country
7.4.5.1 China
7.4.5.1.1 Market size and forecast, by Device
7.4.5.1.2 Market size and forecast, by Solution
7.4.5.1.3 Market size and forecast, by Application
7.4.5.1.3.1 China Industrial Smart Solar Power Market by Type
7.4.5.2 Japan
7.4.5.2.1 Market size and forecast, by Device
7.4.5.2.2 Market size and forecast, by Solution
7.4.5.2.3 Market size and forecast, by Application
7.4.5.2.3.1 Japan Industrial Smart Solar Power Market by Type
7.4.5.3 India
7.4.5.3.1 Market size and forecast, by Device
7.4.5.3.2 Market size and forecast, by Solution
7.4.5.3.3 Market size and forecast, by Application
7.4.5.3.3.1 India Industrial Smart Solar Power Market by Type
7.4.5.4 South Korea
7.4.5.4.1 Market size and forecast, by Device
7.4.5.4.2 Market size and forecast, by Solution
7.4.5.4.3 Market size and forecast, by Application
7.4.5.4.3.1 South Korea Industrial Smart Solar Power Market by Type
7.4.5.5 Australia
7.4.5.5.1 Market size and forecast, by Device
7.4.5.5.2 Market size and forecast, by Solution
7.4.5.5.3 Market size and forecast, by Application
7.4.5.5.3.1 Australia Industrial Smart Solar Power Market by Type
7.4.5.6 Rest of Asia-Pacific
7.4.5.6.1 Market size and forecast, by Device
7.4.5.6.2 Market size and forecast, by Solution
7.4.5.6.3 Market size and forecast, by Application
7.4.5.6.3.1 Rest of Asia-Pacific Industrial Smart Solar Power Market by Type
7.5 LAMEA
7.5.1 Key trends and opportunities
7.5.2 LAMEA Market size and forecast, by Device
7.5.3 LAMEA Market size and forecast, by Solution
7.5.4 LAMEA Market size and forecast, by Application
7.5.4.1 LAMEA Industrial Smart Solar Power Market by Type
7.5.5 LAMEA Market size and forecast, by country
7.5.5.1 Brazil
7.5.5.1.1 Market size and forecast, by Device
7.5.5.1.2 Market size and forecast, by Solution
7.5.5.1.3 Market size and forecast, by Application
7.5.5.1.3.1 Brazil Industrial Smart Solar Power Market by Type
7.5.5.2 Chile
7.5.5.2.1 Market size and forecast, by Device
7.5.5.2.2 Market size and forecast, by Solution
7.5.5.2.3 Market size and forecast, by Application
7.5.5.2.3.1 Chile Industrial Smart Solar Power Market by Type
7.5.5.3 South Africa
7.5.5.3.1 Market size and forecast, by Device
7.5.5.3.2 Market size and forecast, by Solution
7.5.5.3.3 Market size and forecast, by Application
7.5.5.3.3.1 South Africa Industrial Smart Solar Power Market by Type
7.5.5.4 Rest of LAMEA
7.5.5.4.1 Market size and forecast, by Device
7.5.5.4.2 Market size and forecast, by Solution
7.5.5.4.3 Market size and forecast, by Application
7.5.5.4.3.1 Rest of LAMEA Industrial Smart Solar Power Market by Type

CHAPTER 8: COMPANY LANDSCAPE
8.1. Introduction
8.2. Top winning strategies
8.3. Product Mapping of Top 10 Player
8.4. Competitive Dashboard
8.5. Competitive Heatmap
8.6. Key developments

CHAPTER 9: COMPANY PROFILES
9.1 Aclara Software
9.1.1 Company overview
9.1.2 Company snapshot
9.1.3 Operating business segments
9.1.4 Product portfolio
9.1.5 Business performance
9.1.6 Key strategic moves and developments
9.2 GE Energy
9.2.1 Company overview
9.2.2 Company snapshot
9.2.3 Operating business segments
9.2.4 Product portfolio
9.2.5 Business performance
9.2.6 Key strategic moves and developments
9.3 ABB Ltd
9.3.1 Company overview
9.3.2 Company snapshot
9.3.3 Operating business segments
9.3.4 Product portfolio
9.3.5 Business performance
9.3.6 Key strategic moves and developments
9.4 CAlico Energy Services
9.4.1 Company overview
9.4.2 Company snapshot
9.4.3 Operating business segments
9.4.4 Product portfolio
9.4.5 Business performance
9.4.6 Key strategic moves and developments
9.5 Siemens AG
9.5.1 Company overview
9.5.2 Company snapshot
9.5.3 Operating business segments
9.5.4 Product portfolio
9.5.5 Business performance
9.5.6 Key strategic moves and developments
9.6 Echelon Corporation
9.6.1 Company overview
9.6.2 Company snapshot
9.6.3 Operating business segments
9.6.4 Product portfolio
9.6.5 Business performance
9.6.6 Key strategic moves and developments
9.7 Schneider Electric
9.7.1 Company overview
9.7.2 Company snapshot
9.7.3 Operating business segments
9.7.4 Product portfolio
9.7.5 Business performance
9.7.6 Key strategic moves and developments
9.8 Urban Green Energy International
9.8.1 Company overview
9.8.2 Company snapshot
9.8.3 Operating business segments
9.8.4 Product portfolio
9.8.5 Business performance
9.8.6 Key strategic moves and developments
9.9 Landis+GYR AG
9.9.1 Company overview
9.9.2 Company snapshot
9.9.3 Operating business segments
9.9.4 Product portfolio
9.9.5 Business performance
9.9.6 Key strategic moves and developments
9.10 Sensus USA Inc.
9.10.1 Company overview
9.10.2 Company snapshot
9.10.3 Operating business segments
9.10.4 Product portfolio
9.10.5 Business performance
9.10.6 Key strategic moves and developments
9.11 Silver Spring Networks INC.
9.11.1 Company overview
9.11.2 Company snapshot
9.11.3 Operating business segments
9.11.4 Product portfolio
9.11.5 Business performance
9.11.6 Key strategic moves and developments
9.12 Itron Inc.
9.12.1 Company overview
9.12.2 Company snapshot
9.12.3 Operating business segments
9.12.4 Product portfolio
9.12.5 Business performance
9.12.6 Key strategic moves and developments
9.13 HCL Technologies Ltd
9.13.1 Company overview
9.13.2 Company snapshot
9.13.3 Operating business segments
9.13.4 Product portfolio
9.13.5 Business performance
9.13.6 Key strategic moves and developments
9.14 Huawei Technologies Co., Ltd
9.14.1 Company overview
9.14.2 Company snapshot
9.14.3 Operating business segments
9.14.4 Product portfolio
9.14.5 Business performance
9.14.6 Key strategic moves and developments

List of Tables
Table 1. Global Smart Solar Power Market, by Device, 2021-2031 ($Million)
Table 2. Smart Solar Power Market, for Smart Solar Meters, by Region, 2021-2031 ($Million)
Table 3. Smart Solar Power Market for Smart Solar Meters, by Country, 2021-2031 ($Million)
Table 4. Smart Solar Power Market, for Intelligrid, by Region, 2021-2031 ($Million)
Table 5. Smart Solar Power Market for Intelligrid, by Country, 2021-2031 ($Million)
Table 6. Smart Solar Power Market, for RFID, by Region, 2021-2031 ($Million)
Table 7. Smart Solar Power Market for RFID, by Country, 2021-2031 ($Million)
Table 8. Global Smart Solar Power Market, by Solution, 2021-2031 ($Million)
Table 9. Smart Solar Power Market, for Asset Management, by Region, 2021-2031 ($Million)
Table 10. Smart Solar Power Market for Asset Management, by Country, 2021-2031 ($Million)
Table 11. Smart Solar Power Market, for Network Monitoring, by Region, 2021-2031 ($Million)
Table 12. Smart Solar Power Market for Network Monitoring, by Country, 2021-2031 ($Million)
Table 13. Smart Solar Power Market, for Meter Data Management, by Region, 2021-2031 ($Million)
Table 14. Smart Solar Power Market for Meter Data Management, by Country, 2021-2031 ($Million)
Table 15. Smart Solar Power Market, for Analytics, by Region, 2021-2031 ($Million)
Table 16. Smart Solar Power Market for Analytics, by Country, 2021-2031 ($Million)
Table 17. Smart Solar Power Market, for Scada, by Region, 2021-2031 ($Million)
Table 18. Smart Solar Power Market for Scada, by Country, 2021-2031 ($Million)
Table 19. Smart Solar Power Market, for Remote Metering, by Region, 2021-2031 ($Million)
Table 20. Smart Solar Power Market for Remote Metering, by Country, 2021-2031 ($Million)
Table 21. Smart Solar Power Market, for Outage Management, by Region, 2021-2031 ($Million)
Table 22. Smart Solar Power Market for Outage Management, by Country, 2021-2031 ($Million)
Table 23. Global Smart Solar Power Market, by Application, 2021-2031 ($Million)
Table 24. Smart Solar Power Market, for Commercial, by Region, 2021-2031 ($Million)
Table 25. Smart Solar Power Market for Commercial, by Country, 2021-2031 ($Million)
Table 26. Smart Solar Power Market, for Industrial, by Region, 2021-2031 ($Million)
Table 27. Smart Solar Power Market for Industrial, by Country, 2021-2031 ($Million)
Table 28. Global Industrial Smart Solar Power Market, by Type, 2021-2031 ($Million)
Table 29. Smart Solar Power Market, for Government, by Region, 2021-2031 ($Million)
Table 30. Smart Solar Power Market, for Government, by Country, 2021-2031 ($Million)
Table 31. Smart Solar Power Market, for Healthcare, by Region, 2021-2031 ($Million)
Table 32. Smart Solar Power Market, for Healthcare, by Country, 2021-2031 ($Million)
Table 33. Smart Solar Power Market, for Construction, by Region, 2021-2031 ($Million)
Table 34. Smart Solar Power Market, for Construction, by Country, 2021-2031 ($Million)
Table 35. Smart Solar Power Market, for Others, by Region, 2021-2031 ($Million)
Table 36. Smart Solar Power Market, for Others, by Country, 2021-2031 ($Million)
Table 37. Smart Solar Power Market, for Residential, by Region, 2021-2031 ($Million)
Table 38. Smart Solar Power Market for Residential, by Country, 2021-2031 ($Million)
Table 39. Smart Solar Power Market, by Region, 2021-2031 ($Million)
Table 40. North America Smart Solar Power Market, by Device, 2021-2031 ($Million)
Table 41. North America Smart Solar Power Market, by Solution, 2021-2031 ($Million)
Table 42. North America Smart Solar Power Market, by Application, 2021-2031 ($Million)
Table 43. North America Industrial Smart Solar Power Market, by Type, 2021-2031 ($Million)
Table 44. North America Smart Solar Power Market, by Country, 2021-2031 ($Million)
Table 45. U.S. Smart Solar Power Market, by Device, 2021-2031 ($Million)
Table 46. U.S. Smart Solar Power Market, by Solution, 2021-2031 ($Million)
Table 47. U.S. Smart Solar Power Market, by Application, 2021-2031 ($Million)
Table 48. U.S. Industrial Smart Solar Power Market, by Type, 2021-2031 ($Million)
Table 49. Canada Smart Solar Power Market, by Device, 2021-2031 ($Million)
Table 50. Canada Smart Solar Power Market, by Solution, 2021-2031 ($Million)
Table 51. Canada Smart Solar Power Market, by Application, 2021-2031 ($Million)
Table 52. Canada Industrial Smart Solar Power Market, by Type, 2021-2031 ($Million)
Table 53. Mexico Smart Solar Power Market, by Device, 2021-2031 ($Million)
Table 54. Mexico Smart Solar Power Market, by Solution, 2021-2031 ($Million)
Table 55. Mexico Smart Solar Power Market, by Application, 2021-2031 ($Million)
Table 56. Mexico Industrial Smart Solar Power Market, by Type, 2021-2031 ($Million)
Table 57. Europe Smart Solar Power Market, by Device, 2021-2031 ($Million)
Table 58. Europe Smart Solar Power Market, by Solution, 2021-2031 ($Million)
Table 59. Europe Smart Solar Power Market, by Application, 2021-2031 ($Million)
Table 60. Europe Industrial Smart Solar Power Market, by Type, 2021-2031 ($Million)
Table 61. Europe Smart Solar Power Market, by Country, 2021-2031 ($Million)
Table 62. Germany Smart Solar Power Market, by Device, 2021-2031 ($Million)
Table 63. Germany Smart Solar Power Market, by Solution, 2021-2031 ($Million)
Table 64. Germany Smart Solar Power Market, by Application, 2021-2031 ($Million)
Table 65. Germany Industrial Smart Solar Power Market, by Type, 2021-2031 ($Million)
Table 66. Italy Smart Solar Power Market, by Device, 2021-2031 ($Million)
Table 67. Italy Smart Solar Power Market, by Solution, 2021-2031 ($Million)
Table 68. Italy Smart Solar Power Market, by Application, 2021-2031 ($Million)
Table 69. Italy Industrial Smart Solar Power Market, by Type, 2021-2031 ($Million)
Table 70. Spain Smart Solar Power Market, by Device, 2021-2031 ($Million)
Table 71. Spain Smart Solar Power Market, by Solution, 2021-2031 ($Million)
Table 72. Spain Smart Solar Power Market, by Application, 2021-2031 ($Million)
Table 73. Spain Industrial Smart Solar Power Market, by Type, 2021-2031 ($Million)
Table 74. U.S.art Solar Power Market, by Device, 2021-2031 ($Million)
Table 75. U.S.art Solar Power Market, by Solution, 2021-2031 ($Million)
Table 76. U.S.art Solar Power Market, by Application, 2021-2031 ($Million)
Table 77. UK Industrial Smart Solar Power Market, by Type, 2021-2031 ($Million)
Table 78. France Smart Solar Power Market, by Device, 2021-2031 ($Million)
Table 79. France Smart Solar Power Market, by Solution, 2021-2031 ($Million)
Table 80. France Smart Solar Power Market, by Application, 2021-2031 ($Million)
Table 81. France Industrial Smart Solar Power Market, by Type, 2021-2031 ($Million)
Table 82. Rest of Europe Smart Solar Power Market, by Device, 2021-2031 ($Million)
Table 83. Rest of Europe Smart Solar Power Market, by Solution, 2021-2031 ($Million)
Table 84. Rest of Europe Smart Solar Power Market, by Application, 2021-2031 ($Million)
Table 85. Rest of Europe Industrial Smart Solar Power Market, by Type, 2021-2031 ($Million)
Table 86. Asia-Pacific Smart Solar Power Market, by Device, 2021-2031 ($Million)
Table 87. Asia-Pacific Smart Solar Power Market, by Solution, 2021-2031 ($Million)
Table 88. Asia-Pacific Smart Solar Power Market, by Application, 2021-2031 ($Million)
Table 89. Asia-Pacific Industrial Smart Solar Power Market, by Type, 2021-2031 ($Million)
Table 90. Asia-Pacific Smart Solar Power Market, by Country, 2021-2031 ($Million)
Table 91. China Smart Solar Power Market, by Device, 2021-2031 ($Million)
Table 92. China Smart Solar Power Market, by Solution, 2021-2031 ($Million)
Table 93. China Smart Solar Power Market, by Application, 2021-2031 ($Million)
Table 94. China Industrial Smart Solar Power Market, by Type, 2021-2031 ($Million)
Table 95. Japan Smart Solar Power Market, by Device, 2021-2031 ($Million)
Table 96. Japan Smart Solar Power Market, by Solution, 2021-2031 ($Million)
Table 97. Japan Smart Solar Power Market, by Application, 2021-2031 ($Million)
Table 98. Japan Industrial Smart Solar Power Market, by Type, 2021-2031 ($Million)
Table 99. India Smart Solar Power Market, by Device, 2021-2031 ($Million)
Table 100. India Smart Solar Power Market, by Solution, 2021-2031 ($Million)
Table 101. India Smart Solar Power Market, by Application, 2021-2031 ($Million)
Table 102. India Industrial Smart Solar Power Market, by Type, 2021-2031 ($Million)
Table 103. South Korea Smart Solar Power Market, by Device, 2021-2031 ($Million)
Table 104. South Korea Smart Solar Power Market, by Solution, 2021-2031 ($Million)
Table 105. South Korea Smart Solar Power Market, by Application, 2021-2031 ($Million)
Table 106. South Korea Industrial Smart Solar Power Market, by Type, 2021-2031 ($Million)
Table 107. Australia Smart Solar Power Market, by Device, 2021-2031 ($Million)
Table 108. Australia Smart Solar Power Market, by Solution, 2021-2031 ($Million)
Table 109. Australia Smart Solar Power Market, by Application, 2021-2031 ($Million)
Table 110. Australia Industrial Smart Solar Power Market, by Type, 2021-2031 ($Million)
Table 111. Rest of Asia-Pacific Smart Solar Power Market, by Device, 2021-2031 ($Million)
Table 112. Rest of Asia-Pacific Smart Solar Power Market, by Solution, 2021-2031 ($Million)
Table 113. Rest of Asia-Pacific Smart Solar Power Market, by Application, 2021-2031 ($Million)
Table 114. Rest of Asia-Pacific Industrial Smart Solar Power Market, by Type, 2021-2031 ($Million)
Table 115. LAMEA Smart Solar Power Market, by Device, 2021-2031 ($Million)
Table 116. LAMEA Smart Solar Power Market, by Solution, 2021-2031 ($Million)
Table 117. LAMEA Smart Solar Power Market, by Application, 2021-2031 ($Million)
Table 118. LAMEA Industrial Smart Solar Power Market, by Type, 2021-2031 ($Million)
Table 119. LAMEA Smart Solar Power Market, by Country, 2021-2031 ($Million)
Table 120. Brazil Smart Solar Power Market, by Device, 2021-2031 ($Million)
Table 121. Brazil Smart Solar Power Market, by Solution, 2021-2031 ($Million)
Table 122. Brazil Smart Solar Power Market, by Application, 2021-2031 ($Million)
Table 123. Brazil Industrial Smart Solar Power Market, by Type, 2021-2031 ($Million)
Table 124. Chile Smart Solar Power Market, by Device, 2021-2031 ($Million)
Table 125. Chile Smart Solar Power Market, by Solution, 2021-2031 ($Million)
Table 126. Chile Smart Solar Power Market, by Application, 2021-2031 ($Million)
Table 127. Chile Industrial Smart Solar Power Market, by Type, 2021-2031 ($Million)
Table 128. South Africa Smart Solar Power Market, by Device, 2021-2031 ($Million)
Table 129. South Africa Smart Solar Power Market, by Solution, 2021-2031 ($Million)
Table 130. South Africa Smart Solar Power Market, by Application, 2021-2031 ($Million)
Table 131. South Africa Industrial Smart Solar Power Market, by Type, 2021-2031 ($Million)
Table 132. Rest of LAMEA Smart Solar Power Market, by Device, 2021-2031 ($Million)
Table 133. Rest of LAMEA Smart Solar Power Market, by Solution, 2021-2031 ($Million)
Table 134. Rest of LAMEA Smart Solar Power Market, by Application, 2021-2031 ($Million)
Table 135. Rest of LAMEA Industrial Smart Solar Power Market, by Type, 2021-2031 ($Million)
Table 136. Aclara Software: Company Snapshot
Table 137. Aclara Software: Operating Segments
Table 138. Aclara Software: Product Portfolio
Table 139. Aclara Software: Net Sales
Table 140. Aclara Software: Key Strategies
Table 141. GE Energy: Company Snapshot
Table 142. GE Energy: Operating Segments
Table 143. GE Energy: Product Portfolio
Table 144. GE Energy: Net Sales
Table 145. GE Energy: Key Strategies
Table 146. ABB Ltd.: Company Snapshot
Table 147. ABB Ltd.: Operating Segments
Table 148. ABB Ltd.: Product Portfolio
Table 149. ABB Ltd.: Net Sales
Table 150. ABB Ltd.: Key Strategies
Table 151. Calico Energy Services: Company Snapshot
Table 152. Calico Energy Services: Operating Segments
Table 153. Calico Energy Services: Product Portfolio
Table 154. Calico Energy Services: Net Sales
Table 155. Calico Energy Services: Key Strategies
Table 156. Siemens AG: Company Snapshot
Table 157. Siemens AG: Operating Segments
Table 158. Siemens AG: Product Portfolio
Table 159. Siemens AG: Net Sales
Table 160. Siemens AG: Key Strategies
Table 161. Echelon Corporation: Company Snapshot
Table 162. Echelon Corporation: Operating Segments
Table 163. Echelon Corporation: Product Portfolio
Table 164. Echelon Corporation: Net Sales
Table 165. Echelon Corporation: Key Strategies
Table 166. Schneider Electric: Company Snapshot
Table 167. Schneider Electric: Operating Segments
Table 168. Schneider Electric: Product Portfolio
Table 169. Schneider Electric: Net Sales
Table 170. Schneider Electric: Key Strategies
Table 171. Urban Green Energy International: Company Snapshot
Table 172. Urban Green Energy International: Operating Segments
Table 173. Urban Green Energy International: Product Portfolio
Table 174. Urban Green Energy International: Net Sales
Table 175. Urban Green Energy International: Key Strategies
Table 176. Landis+Gyr AG: Company Snapshot
Table 177. Landis+Gyr AG: Operating Segments
Table 178. Landis+Gyr AG: Product Portfolio
Table 179. Landis+Gyr AG: Net Sales
Table 180. Landis+Gyr AG: Key Strategies
Table 181. Sensus Usa Inc.: Company Snapshot
Table 182. Sensus Usa Inc.: Operating Segments
Table 183. Sensus Usa Inc.: Product Portfolio
Table 184. Sensus Usa Inc.: Net Sales
Table 185. Sensus Usa Inc.: Key Strategies
Table 186. Silver Spring Networks Inc.: Company Snapshot
Table 187. Silver Spring Networks Inc.: Operating Segments
Table 188. Silver Spring Networks Inc.: Product Portfolio
Table 189. Silver Spring Networks Inc.: Net Sales
Table 190. Silver Spring Networks Inc.: Key Strategies
Table 191. Itron Inc.: Company Snapshot
Table 192. Itron Inc.: Operating Segments
Table 193. Itron Inc.: Product Portfolio
Table 194. Itron Inc.: Net Sales
Table 195. Itron Inc.: Key Strategies
Table 196. Hcl Technologies Ltd.: Company Snapshot
Table 197. Hcl Technologies Ltd.: Operating Segments
Table 198. Hcl Technologies Ltd.: Product Portfolio
Table 199. Hcl Technologies Ltd.: Net Sales
Table 200. Hcl Technologies Ltd.: Key Strategies
Table 201. Huawei Technologies Co. Ltd.: Company Snapshot
Table 202. Huawei Technologies Co. Ltd.: Operating Segments
Table 203. Huawei Technologies Co. Ltd.: Product Portfolio
Table 204. Huawei Technologies Co. Ltd.: Net Sales
Table 205. Huawei Technologies Co. Ltd.: Key Strategies

List of Figures
Figure 1. Smart Solar Power Market Segmentation
Figure 2. Smart Solar Power Market, 2021-2031
Figure 3. Smart Solar Power Market, 2021-2031
Figure 4. Top Investment Pockets, by Region
Figure 5. Porter Five-1
Figure 6. Porter Five-2
Figure 7. Porter Five-3
Figure 8. Porter Five-4
Figure 9. Porter Five-5
Figure 10. Top Player Positioning
Figure 11. Smart Solar Power Mark.:Drivers, Restraints and Opportunities
Figure 12. Value Chain Analysis
Figure 13. Key Regulation Analysis
Figure 14. Smart Solar Power Market, By Device, 2021(%)
Figure 15. Comparative Share Analysis of Smart Solar Meters Smart Solar Power Market, 2021-2031(%)
Figure 16. Comparative Share Analysis of Intelligrid Smart Solar Power Market, 2021-2031(%)
Figure 17. Comparative Share Analysis of Rfid Smart Solar Power Market, 2021-2031(%)
Figure 18. Smart Solar Power Market, By Solution, 2021(%)
Figure 19. Comparative Share Analysis of Asset Management Smart Solar Power Market, 2021-2031(%)
Figure 20. Comparative Share Analysis of Network Monitoring Smart Solar Power Market, 2021-2031(%)
Figure 21. Comparative Share Analysis of Meter Data Management Smart Solar Power Market, 2021-2031(%)
Figure 22. Comparative Share Analysis of Analytics Smart Solar Power Market, 2021-2031(%)
Figure 23. Comparative Share Analysis of Scada Smart Solar Power Market, 2021-2031(%)
Figure 24. Comparative Share Analysis of Remote Metering Smart Solar Power Market, 2021-2031(%)
Figure 25. Comparative Share Analysis of Outage Management Smart Solar Power Market, 2021-2031(%)
Figure 26. Smart Solar Power Market, By Application, 2021(%)
Figure 27. Comparative Share Analysis of Commercial Smart Solar Power Market, 2021-2031(%)
Figure 28. Comparative Share Analysis of Industrial Smart Solar Power Market, 2021-2031(%)
Figure 29. Comparative Share Analysis of Residential Smart Solar Power Market, 2021-2031(%)
Figure 30. Smart Solar Power Market by Region, 2021
Figure 31. U.S. Smart Solar Power Market, 2021-2031($Million)
Figure 32. Canada Smart Solar Power Market, 2021-2031($Million)
Figure 33. Mexico Smart Solar Power Market, 2021-2031($Million)
Figure 34. Germany Smart Solar Power Market, 2021-2031($Million)
Figure 35. Italy Smart Solar Power Market, 2021-2031($Million)
Figure 36. Spain Smart Solar Power Market, 2021-2031($Million)
Figure 37. Uk Smart Solar Power Market, 2021-2031($Million)
Figure 38. France Smart Solar Power Market, 2021-2031($Million)
Figure 39. Rest of Europe Smart Solar Power Market, 2021-2031($Million)
Figure 40. China Smart Solar Power Market, 2021-2031($Million)
Figure 41. Japan Smart Solar Power Market, 2021-2031($Million)
Figure 42. India Smart Solar Power Market, 2021-2031($Million)
Figure 43. South Korea Smart Solar Power Market, 2021-2031($Million)
Figure 44. Australia Smart Solar Power Market, 2021-2031($Million)
Figure 45. Rest of Asia-Pacific Smart Solar Power Market, 2021-2031($Million)
Figure 46. Brazil Smart Solar Power Market, 2021-2031($Million)
Figure 47. Chile Smart Solar Power Market, 2021-2031($Million)
Figure 48. South Africa Smart Solar Power Market, 2021-2031($Million)
Figure 49. Rest of LAMEA Smart Solar Power Market, 2021-2031($Million)
Figure 50. Top Winning Strategies, by Year
Figure 51. Top Winning Strategies, by Development
Figure 52. Top Winning Strategies, by Company
Figure 53. Product Mapping of Top 10 Players
Figure 54. Competitive Dashboard
Figure 55. Competitive Heatmap of Top 10 Key Players
Figure 56. Aclara Softwar.: Net Sales, ($Million)
Figure 57. Ge Energ.: Net Sales, ($Million)
Figure 58. Abb Lt.: Net Sales, ($Million)
Figure 59. Calico Energy Service.: Net Sales, ($Million)
Figure 60. Siemens A.: Net Sales, ($Million)
Figure 61. Echelon Corporatio.: Net Sales, ($Million)
Figure 62. Schneider Electri.: Net Sales, ($Million)
Figure 63. Urban Green Energy Internationa.: Net Sales, ($Million)
Figure 64. Landis+Gyr A.: Net Sales, ($Million)
Figure 65. Sensus Usa Inc.: Net Sales, ($Million)
Figure 66. Silver Spring Networks Inc.: Net Sales, ($Million)
Figure 67. Itron Inc.: Net Sales, ($Million)
Figure 68. Hcl Technologies Lt.: Net Sales, ($Million)
Figure 69. Huawei Technologies Co. Lt.: Net Sales, ($Million)

Executive Summary

According to the report, “Smart Solar Power Market," the smart solar power market size was valued at $13.4 billion in 2021, and smart solar power industry is estimated to reach $47.7 billion by 2031, growing at a CAGR of 13.6% from 2022 to 2031.

Solar energy is one of the most efficient ways of generating power because solar energy is renewable energy and offers a big contribution in reducing carbon emission and thereby ensuring a sustainable energy future. Solar energy can be utilized for heating, cooling, lighting, transportation, and various other applications; this varied utilization of solar energy also tends to raise the demand for smart solar systems.

Owing to the technical advancements and abundance of solar energy, industries, and commercial facilities utilize smart solar systems to reduce their electricity costs. The growing grid automation and increased investments in the countries like Japan, India, and South Korea have hugely impacted the market growth. In addition to that, the strict regulation imposed by governments of the countries has created awareness concerning the smart solar systems and their benefits.

Smart solar is increasing globally due to increasing Information and Communications Technology (ICT) integration across different verticals, especially in developing regions. North America is projected to dominate the market during the forecast period due to technological advancements and early adoption of smart solar solutions and services in the region. The Asia-Pacific market is expected to grow at the highest CAGR between 2022 and 2031. The primary driving forces for this growth are huge technological spending and penetration of meter and component manufacturing industries in countries such as China, India, and Japan.

Solar systems require solar panels and other pieces of equipment for efficient operation. However, the smart solar systems require additional responsive pieces of equipment coupled with complex technology. This complex structure of the smart solar systems acts as a primary challenge for the smart solar power market opportunities. Land selection can be challenging as issues related to environmental and technological difficulties restrict the system installation. Though solar energy is available abundantly, they are intermittent and variable and hence, cannot be dispatched to the distributed systems. In addition, developed countries have reduced the subsidies for installing smart solar systems, these are some factors that hinder the smart solar power market growth.

The global smart solar power market forecast is segmented on the basis of device, solution, application, and region.

On the basis of device, it is segmented into smart solar meters, intelligrid, and RFID. On the basis of solution, the market is segmented into asset management, network monitoring, meter data management, analytics, SCADA, remote monitoring, and outage management. On the basis of application, the market is segmented into commercial, industrial, and residential. Furthermore, industrial segment is bifurcated into government, healthcare, construction, and others.

Region wise, the market is studied across North America, Europe, Asia-Pacific, and LAMEA. Presently, North America accounts for the largest smart solar power market share, followed by Europe and Asia-Pacific.

The major companies profiled in this report include Aclara Software, GE Energy, ABB, CAlico Energy Services, HCL Technologies, Siemens, Echelon Corporation, Schneider Electric, Urban Green Energy International, Landis+GYR AG, Sensus USA Inc., Silver Spring Networks INC., Itron Inc., HCL Technologies, and Huawei Technologies Co., Ltd. Due to rapid industrialization, urbanization and gradual increase in population has led to increase in the demand for power. The demand for power from clean energy resources has increased the demand for solar thermal system. Additional growth strategies such as expansion of production capacities, acquisition, partnership and research & innovation in new technologies related to solar thermal energy system, have led to attain key developments in the global smart solar power market trends.

Key Findings of the Study

  • North America is expected to exhibit CAGR of 13.2% during 2022-2031.
  • As per global smart solar power market analysis, by device, the smart solar meter segment accounted for the largest share in 2021.
  • By solution, the asset management segment was the leading segment in 2021.
  • By application, the industrial segment had the largest market share in 2021.

Impact of Covid-19 on Smart Solar Power Market

The global COVID-19 pandemic has negative impact on the smart solar power market. Owing to the outbreak of the COVID-19 pandemic, governments of various countries have implemented lockdown, which has led to shutdown of factories in scores of cities and provinces across the world, thus, leading to sharp slowdown in the output from residential to industrial sectors. Moreover, companies are dealing with missing sales and fractured supply chains as production activities shutdowns. Among other problems, it might be possible that companies may not be able to meet project delivery timelines that could alter tax treatment or eligibility for state incentives for such projects. For instance, recently in July 2020, the Seychelles government has confirmed that the construction of a floating solar PV power plant will be delayed due to the global pandemic. All over the globe, solar project developers were worried about project delays due to the slowdown of manufacturing in China.

Post pandemic outbreak, the gradual surge in the construction sector has led increase in the demand for solar power market. The governments of various developing and developed countries has invested in the development of solar power plants in order to reduce their imports of fossil fuels, and other energy resources. Furthermore, increase in awareness among the people regarding the impact of utilization of solar power to reduce growing electricity tariffs in residential sector is expected to drive the demand for smart solar power systems. The trend is expected to continue during the forecast period.

Companies Mentioned

  • Aclara Software
  • GE Energy
  • ABB Ltd
  • CAlico Energy Services
  • Siemens AG
  • Echelon Corporation
  • Schneider Electric
  • Urban Green Energy International
  • Landis+GYR AG
  • Sensus USA Inc.
  • Silver Spring Networks INC.
  • Itron Inc.
  • HCL Technologies Ltd
  • Huawei Technologies Co., Ltd

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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