Pune, India, Dec. 01, 2021 (GLOBE NEWSWIRE) — The global smart solar market size is expected to showcase significant growth by reaching USD 13.33 billion by 2027 while exhibiting a CAGR of 9.95% between 2020 and 2027. The growth is attributable to the growing acceptance of the Paris Climate Change Agreement by several countries globally. Fortune Business Insights, published this information in its latest report, titled, “Smart Solar Market Size, Share and COVID-19 Impact Analysis, By Service (Asset Management, Network Monitoring, Meter Data Management, Remote Metering, And Others), By Device (Smart Solar Meters, Intelligrid, and Radio-Frequency Identification [RFID]), By Application (Residential, Commercial & Industrial, and Utility), and Regional Forecast, 2020-2027.” The report mentions that the market stood at USD 8.52 billion in 2019 and is likely to gain momentum owing to high demand for advanced systems in the forthcoming years.
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List of the Companies Operating in the Global Market:
- ABB (Switzerland)
- Itron Inc. (U.S.)
- Aeris (U.S.)
- Solnet Group (Netherlands)
- Solar Data Systems, Inc. (U.S.)
- Aclara Technologies LLC (U.S.)
- General Electric (U.S.)
- Huawei Technologies Co., Ltd (China)
- Siemens (Germany)
- Landis+Gyr (Switzerland)
- Schneider Electric (France)
- HCL Technologies (India)
Report Scope & Segmentation
Report Coverage | Details |
Forecast Period | 2020 to 2027 |
Forecast Period 2020 to 2027 CAGR | 9.95 % |
2027 Value Projection | USD 13.33 Billion |
Base Year | 2019 |