Global Solar Farm Automation Market, By Product (Distributed control systems, Programmable Logic Controller, and Supervisory Control and Data Acquisition), By Application (Contracted Farm and Individual Farm), Country (U.S., Canada, Mexico, Germany, Poland, Ireland, Italy, U.K., France, Spain, Netherlands, Belgium, Switzerland, Turkey, Russia, Rest of Europe, Japan, China, India, South Korea, New Zealand, Vietnam, Australia, Singapore, Malaysia, Thailand, Indonesia, Philippines, Rest of Asia-Pacific, Brazil, Argentina, Chile, Rest of South America, UAE, Saudi Arabia, Egypt, Kuwait, South Africa, Rest of Middle East and Africa) Industry Trends and Forecast to 2029
Market Analysis and Insights: Global Solar Farm Automation Market
Data Bridge Market Research analyses that the solar farm automation market will project a compound annual growth rate (CAGR) of 28.52% during the forecast period of 2022-2029. Surge in the awareness of sustaining environmental resources and rapidly increasing industry competitiveness are attributable to the growth of solar farm automation market. This means that the solar farm automation market value, which was USD 0.2837 billion in 2020 will climb up to USD 3.61 billion by the year 2029.
A solar farm is a collection of photovoltaic solar panels that are used to generate power. Silicon is commonly utilised in photovoltaic solar panels used in solar farms. Enormous utility-scale automated solar farms with the capacity to generate big amounts of electricity that can power a large number of commercial and residential facilities have recently been accessible on the market. It feeds power into the grid in the same way that fossil-fuel energy plants do.
Government investments in solar farms are likely to be a prominent factor driving worldwide market growth throughout the forecast period. Growing need for renewable energy from various sectors throughout the world is another factor projected to propel the target market forward.
Other factors likely to drive market expansion in the near future include an increase in the number of tie-ups or contracts to improve the use and adoption of solar power in various developing countries throughout the world.
However, the high cost of solar energy storage is projected to limit the target market's growth over the projection period. Governments in several nations are expanding their investment in solar projects, which is a current trend in the target market. In the near future, increased investment in research and development operations to produce cost-effective solutions and technical developments are projected to generate profitable prospects for firms operating in the target market.
This solar farm automation market report provides details of new recent developments, trade regulations, import export analysis, production analysis, value chain optimization, market share, impact of domestic and localised market players, analyses opportunities in terms of emerging revenue pockets, changes in market regulations, strategic market growth analysis, market size, category market growths, application niches and dominance, product approvals, product launches, geographic expansions, technological innovations in the market. To gain more info on solar farm automation market contact Data Bridge Market Research for an Analyst Brief, our team will help you take an informed market decision to achieve market growth.
Global Solar Farm Automation Market Scope and Market Size
The solar farm automation market is segmented on the basis of product type and application type. The growth among segments helps you analyse niche pockets of growth and strategies to approach the market and determine your core application areas and the difference in your target markets.
- Based on the product type, the solar farm automation market is segmented into distributed control systems, programmable logic controller, and supervisory control and data acquisition
- Based on the application type, the solar farm automation market is segmented into contracted farm and individual farm
Solar Farm Automation Market Country Level Analysis
The global solar farm automation market is analyses and market size, volume information is provided by country by product type and application type as referenced above.
The countries covered in the solar farm automation market report are U.S., Canada, Mexico in North America, Germany, Poland, Ireland, Italy, U.K., France, Spain, Netherlands, Belgium, Switzerland, Turkey, Russia, Rest of Europe in Europe, Japan, China, India, South Korea, New Zealand, Vietnam, Australia, Singapore, Malaysia, Thailand, Indonesia, Philippines, Rest of Asia-Pacific (APAC) in Asia-Pacific (APAC), Brazil, Argentina, Chile, Rest of South America as a part of South America, UAE, Saudi Arabia, Egypt, Kuwait, South Africa, Rest of Middle East and Africa(MEA) as a part of Middle East and Africa(MEA).
Asia-Pacific region is undergoing substantial gains and is projected to score the highest compound annual growth rate (CAGR) during the forecast period. This is because of the huge number of businesses competing in the target market and the growing demand for renewable and sustainable energy in the region's emerging countries. North America will also project a good growth during the forecast period owing to the region's increased adoption of new technologies and automation processes in different industries.
The country section of the solar farm automation market report also provides individual market impacting factors and changes in regulation in the market domestically that impacts the current and future trends of the market. Data points such as consumption volumes, production sites and volumes, import export analysis, price trend analysis, cost of raw materials, down-stream and upstream value chain analysis are some of the major pointers used to forecast the market scenario for individual countries. Also, presence and availability of global brands and their challenges faced due to large or scarce competition from local and domestic brands, impact of domestic tariffs and trade routes are considered while providing forecast analysis of the country data.
Competitive Landscape and Solar Farm Automation Market Share Analysis
The solar farm automation market competitive landscape provides details by competitor. Details included are company overview, company financials, revenue generated, market potential, investment in research and development, new market initiatives, global presence, production sites and facilities, production capacities, company strengths and weaknesses, product launch, product width and breadth, application dominance. The above data points provided are only related to the companies’ focus related to solar farm automation market.
Some of the major players operating in the solar farm automation market are ABB, Abengoa Solar SA, All Earth Renewables, Array Technologies, DEGE Renergie GmbH and Co. KG, Emerson Electric Co., Energia Ercam S.A., First Solar, Inc., General Electric, Haosolar Co. Ltd, Heliopower, Honeywell International, Inc., M.B Control and Systems Pvt. Ltd., Mecasolar, Mitsubishi Electric Corporation, NEXTracker, Inc., Rockwell Automation, Inc., Siemens, Smarttrak Solar Systems, Trabant Solar Inc., and Yokogawa Electric Corporation. among others.
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