Smart Solar Market Expected to Reach $15.34 Million by 2018 Posted on Tuesday, February 11, 2014 http://www.sbwire.com/press-releases/smart-solar-market-expected-to-reach-1534-million-by-2018-457842.htm The smart solar market research report focuses on solutions, components and services which are used in effectively managing energy and provides an innovative way of monitoring energy demand. The report provides information on key market drivers, restraints, challenges, and opportunities. Dallas, TX -- (SBWIRE) -- 02/11/2014 -- MarketsandMarkets recently conducted a study on "Smart Solar Market [Communication, RFID, Automation, Metering, Automated Meter Reading, Solar Meter, Intelligrid, Integration and Platform Monitoring, IT & Analytics]: Global Advancements, Trends, Market Forecasts and Analysis (2013 - 2018)". The study analyzes the major market drivers, restraints, and opportunities in North America, Western Europe, Eastern Europe, Middle East and Africa, Asia-Pacific (including Japan) and Latin America. The Smart Solar Market value is projected to grow at a CAGR of 18.7%. Download Free PDF Brochures @ http://www.marketsandmarkets.com/pdfdownload.asp?id=1102 Browse 96 market data tables with 34 figures spread through 184 pages and in-depth TOC on “Smart Solar Market ". http://www.marketsandmarkets.com/Market-Reports/smart-solar-market-1102.html Early buyers will receive 10% customization on this report. Major Players constituting major share of the Smart Solar Market include ABB, Aclara Software, BPL Global LTD, Calico Energy Services, Echelon Corporation, GE Energy, HCL Technologies, Itron INC, Schneider Electric, Sensus, Siemens, Silver Spring Networks, INC, & Trilliant, INC. The recent trend in the industry shows that there is a high demand for energy management solutions and demand response services across verticals. There have been innovations in components, solutions, services and applications across verticals of smart solar. The market is driven by advancements in technology and its adoption, which is fast resulting in the sophisticated mechanisms. As there is a tremendous market opportunity, most of the companies are providing complete package involving components deployment to the consulting services.
Most of the industries and commercials are extensively using smart solar applications across their respective industries, big players and start-up companies are shifting towards smarter technology and its solutions to meet the requirements of today’ business and customer needs. The introduction of enhanced technologies in components such as smart meters, grid intelligent components is giving boost to the adoption of smart solar components, solutions and services across various verticals such as utility, government and public affairs, healthcare, construction, education and ‘Others’ which includes logistics, and distribution. The study reports that the global smart solar market is expected to grow from $6.51 billion in 2013 to $15.34 billion by 2018, at an estimated Compound Annual Growth Rate (CAGR) of 18.7% from 2013 to 2018.