Solar Generator Market - Industry Size, Share, Growth & Forecast 2027 | UnivDatos

 

The global Solar generator market is expected to register a CAGR of more than 10% over the period of 2021-2027. Solar generators refer to photovoltaic (PV) systems that produce electricity by converting the photonic energy from sunlight into electricity. They are available in different sizes and capacities and offer numerous benefits including zero pollution generation and minimal fuel requirement for operations. Apart from this, they help to store energy for future purposes and reduce the usage of non-renewable resources like fossil fuels. Solar generators are usually made up of two primary components: solar panels and a storage system. Solar energy can be stored by putting solar panels in direct sunlight and connecting them to a storage system.

Factors escalating the market size of solar generators are the growing shortage of electricity across the globe and the consequent demand for power-backup has escalated the sales of solar generators. In addition, solar generators are reasonably priced and require negligible capital investments and can stock energy for forthcoming requirements. Due to these reasons, they are gradually being utilized for the generation and supply of power throughout the world.

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 According to UnivDatos Market Insights (UMI)’ research report “global Solar generator market”, the market is expected to witness robust growth during the forecast period 2021-2027F. Factors that are attracting the market size of the solar generator are rising consciousness about the usage of renewable means such as wind hydro and solar power owing to the increasing worries regarding the alteration of the weather conditions. Therefore, due to this, the governments of numerous nation-states are inspiring investments in renewable means by way of giving the motivation and reductions in tax. Due to these steps, the prices of the solar generator have come down. This, sequentially, has increased the sales of solar generators in emerging economies.

Moreover, the rising need for uninterrupted electricity, rapid developments in the industrial sectors, increasing adoption of solar generators in residential sectors and remote areas, and availability of various types of solar generations with different sizes and storage capacities are various other factors that are also accentuating its market demand.

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Based on type, the solar generator market is classified into below 40 KWH, 40-80 KWH, 80-150 KWH, and over 150 kWh. Below 40 KWH segment caters to extensive market share in the solar generator market. As solar generators are capable of handling small loads effectively and they are suitable for providing power backup during outages. Moreover, small capacity solar generators such as below 40 kWH demand is soaring 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.

 

Based on end-user, the solar generator market is classified into residential, industrial, commercial & military. The residential segment caters to a considerable share of the solar generator market and is expected to witness high growth during the forecasted period. This is mainly because of rising electricity prices and growing awareness among consumers about renewable energy sources.

 

North America to witness extensive growth

For a better understanding of the market adoption of the Solar generator industry, the market is analyzed based on its worldwide presence in the countries such as North America (US, Canada, Rest of North America); Europe (Germany, UK, Spain, Italy, France, Rest of Europe); Asia-Pacific (China, India, Australia, Japan, Rest of Asia-Pacific), and Rest of World. North America is expected to hold a significant market share in the forecast period owing to the rise in government support for solar installation as well as reducing prices of solar panels.

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According to UnivDatos Market Insights (UMI)’, the key players with a considerable market share in the global Solar generator market are Goal Zero LLC, Hollandia Solar, Altern Limited, Sunvis Solar Co. Ltd., BioLite, Inc., Powerenz, Inc., SolSolutions LLC (SolMan),  SolaRover, Inc., SolarLine Group, Jackery Inc. Several M&A’s along with partnerships have been undertaken by these players to boost their presence in different regions.

 

“Global Solar Generator Market” provides comprehensive qualitative and quantitative insights on the industry potential, key factors impacting sales and purchase decisions, hotspots, and opportunities available for the market players. Moreover, the report also encompasses the key strategic imperatives for success for competitors along with strategic factorial indexing measuring competitors’ capabilities on different parameters. This will help companies in the formulation of go-to-market strategies and identifying the blue ocean for its offerings.      

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Market Segmentation:

1.      By Type (Below 40 KWH, 40-80 KWH, 80-150 KWH, and over 150 kWh)

2.      By Grid Connectivity (Off-Grid and On-Grid)

3.      By End-User (Residential, Industrial, Commercial & Military)

4.      By Region (North America, Europe, Asia-Pacific, Rest of the World)

5.      By Company (Goal Zero LLC, Hollandia Solar, Altern Limited, Sunvis Solar Co. Ltd., BioLite, Inc., Powerenz, Inc., SolSolutions LLC (SolMan),  SolaRover, Inc., SolarLine Group, Jackery Inc..)

Key questions answered in the study:

1.      What are the current and future trends of the global Solar generator industry?

2.      How the industry has been evolving in terms of type, grid connectivity, and end-user?

3.      How the competition has been shaping across the countries followed by their comparative factorial indexing?

4.      What are the key growth drivers and challenges for the global Solar generator industry?

5.      What is the customer orientation, purchase behavior, and expectations from the global Solar generator supplier across various region and countries?

Table of Content –

1 MARKET INTRODUCTION

2 RESEARCH METHODOLOGY OR ASSUMPTION

3 MARKET SYNOPSIS

4 EXECUTIVE SUMMARY

5 GLOBAL SOLAR GENERATOR MARKET COVID-19 IMPACT

6 GLOBAL SOLAR GENERATOR MARKET REVENUE 2019-2027F

7 MARKET INSIGHTS BY TYPE

8 MARKET INSIGHTS BY GRID CONNECTIVITY

9 MARKET INSIGHTS BY END-USER

10 MARKET INSIGHTS BY REGION

11 SOLAR GENERATOR MARKET DYNAMICS

12 SOLAR GENERATOR MARKET OPPORTUNITIES

13 SOLAR GENERATOR MARKET TRENDS

14 LEGAL & REGULATORY FRAMEWORK

15 DEMAND AND SUPPLY-SIDE ANALYSIS

16 VALUE CHAIN ANALYSIS

17 COMPETITIVE SCENARIO

18 COMPANY PROFILED

19 DISCLAIMER

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