LOS ANGELES, Feb. 20, 2019 (GLOBE NEWSWIRE) -- QY Research has recently released a report titled, “Global Containerized Solar Generators Market Sizes 2019,” for the projected period of six years, i.e. between 2019 and 2025. According to the report, the global containerized solar generators market is projected to attain a value of over US$ 500 Mn by 2025 and was valued at more than US$ 300 Mn in 2018. The global market is foretold to grow at a healthy CAGR of 8.0%.
The global containerized solar generators market is predicted to enjoy remarkable growth over the forecast period. Electricity produced using sustainable sources highlighting ecological benefits is one of the main growth driving forces of the market. The rising demand for renewable energy and government investments for increasing the use of renewable energy are improving the growth of the market.
Global Containerized Solar Generators Market: Drivers and Restraints
The global containerized solar generators market is anticipated to grow at a remarkable rate during the predicted period. The scalability and compactness of containerized solar generators are envisaged to increase the demand. In addition, the benefit of uninterrupted power through solar photovoltaic modules, even in harsh climate conditions is expected to propel the demand.
Other factors such as the rising cost of electricity produced using traditional fuels and reducing solar power rate are pushing the growth of the market. Energy manufacturers are promptly switching to renewable sources of energy from exhaustible ones across the globe. This could also stoke the demand in market.
However, the climate dependent system of containerized solar generators and high cost of materials are creating a negative impact on the growth of the global market.
Global Containerized Solar Generators Market: Regional Analysis
The worldwide market for containerized solar generators is categorized into Japan, Europe, China, and North America. Asia Pacific dominates the market in terms of growth rate due to significant investments by governments across the region to produce renewable energy and rising awareness about clean energy. North America is also witnessing substantial growth in the market for containerized solar generators. It is mostly due to the changing preference in the commercial sector that is causing a frequent switch to the use of solar power energy from the use of conventional fuel energy.
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Global Containerized Solar Generators Market: Segmental Analysis
The global containerized solar generators market is classified into product type and applications. On the basis of application, the market is further classified into residential, government, commercial, and industrial. Based on product type, the market is sub-segmented into below 40 KWH, 40 - 80 KWH, 80 - 150 KWH, and over 150 KWH.
Global Containerized Solar Generators Market: Competitive Landscape
The report includes market share analysis of leading players and competition matrix of the global market for containerized solar generators based on the profiles and revenues of top players. Factors such as a high focus on research and development, market position, and offerings are credited to the company's capabilities.
The competitive landscape study includes future prospects, market shares, and potential growth of major players. This section also includes recent market trends and developments of key players of the global containerized solar generators market.
Key companies of the global containerized solar generators market are HCI Energy, Juwi, Silicon CPV, Ameresco, PWRstation, Intech Clean Energy, Off-Grid Europe, REC Solar, GSOL Energy, Jackson Group, Ecosphere Technologies, REDAVIA, Enviroearth, Kirchner Solar, Photon Energy, and Carnegie Clean Energy.
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