Worldwide Containerized Solar Generator Industry to 2026 - Featuring Jakson, Intech Clean Energy and Off Grid Energy Among Others - ResearchAndMarkets.com
Strict government regulations to reduce the CO2 emissions has forced the energy producing companies to switch from producing traditional energy to renewable energy generation.
The "Containerized Solar Generator Market - Forecasts from 2021 to 2026" report has been added to ResearchAndMarkets.com's offering.
The global containerized solar generators market is estimated to surge at a CAGR of 8.13% from a market value of US$360.326 million in 2019 to achieve a market value of US$622.757 million by the end of 2026.
The growth in population and the rise in industrialization has led to unprecedented demand for energy. The use of non-renewable energy sources to meet the growing demand has led to adverse climatic conditions and the risk of depletion of fossil fuel. Therefore, containerized solar generators are used as an alternative that provides uninterrupted clean energy. Increase in the investments by the government to encourage the use renewable energy will boost the demand for containerized solar generators in the market.
The COVID-19 had a significant impact on almost all the industries around the world. Containerized Solar generators market also faced a significant downfall in the market. Due to lockdown implemented in various countries affected the transportation across countries thereby widening the gap between demand and supply. With revival in the economy of various countries the demand for containerized solar generators will increase and will help revive the market.
Companies Mentioned
- Jakson
- Intech Clean Energy
- Off Grid Energy Limited
- HCI Energy LLC
- PWR Station
- Boxpower
- GSOL
- 7 Parallels
Market Drivers
- Increase in the cost of electricity produced from traditional methods and fall in the prices of solar power generation is one of the key reasons driving the growth of the market. Strict government regulations to reduce the CO2 emissions has forced the energy producing companies to switch from producing traditional energy to renewable energy generation. The compactness and scalability of containerized solar generators are the key features that encourage the adoption of containerized solar generators. By 2022 the Ministry of New and Renewable Energy in India has set an ambitious target to achieve 225 GW of renewable energy, this will foster the demand in the market for containerized solar generators.
- EU countries are adopting innovative action plans to minimize CO2 emissions, such as Solar Urban Mobility, Solar Smart Buildings and Solar Sector Coupling, according to the EU Covenant of Mayors for Environment and Electricity. These initiatives will help reduce the CO2 emissions and will increase the demand of containerized solar generators in the market. Saudi Arabia has recently in January 2021 launched its first containerized solar generator. Saudi Arabia Vision 2030 is to move towards renewable energy and spent USD 200 billion to build factories and produce about 30 million solar panels, this in turn will lead to creation of jobs for the people of Saudi. Rise in the cost of energy of commercial establishments and increase in the awareness about clean energy will help the commercial application sector to dominate the market. According to a recent study by Solar Energy Industries Association, various companies that are highly recognized and are best run are switching to renewable sources of energy and are adopting the use of solar energy. Some of these companies are Apple, Verizon data centres, Better Business Bureau, and various other companies.
Market Restraints
The high cost involved in the use of containerized solar generators has acted as a major drawback for the market. Since the systems are climate dependent it might cause a hinderance which in turn will affect the market. Another drawback is that it is very slow when it comes to charging battery storage. On the contrary the fuel powered generators can produce power more than 10 times when compared to containerized generators in the same amount of time interval.
Key Topics Covered:
1. Introduction
2. Research Methodology
3. Executive Summary
4. Market Dynamics
4.1. Market Drivers
4.2. Market Restraints
4.3. Porters Five Forces Analysis
4.4. Industry Value Chain Analysis
5. Containerized Solar Generators Market Analysis, By Product Type
5.1. Introduction
5.2. Off Grid
5.3. Grid connected.
6. Containerized Solar Generators Market Analysis, By Storage Capacity
6.1. Introduction
6.2. 10 - 40 KWH
6.3. 40 - 80 KWH
6.4. 80 - 150 KWH
6.5. More than 150 KWH
7. Containerized Solar Generators Market Analysis, by Application
7.1. Introduction
7.2. Commercial
7.3. Residential
7.4. Industrial
8. Containerized Solar Generators Market Analysis, by Geography
8.1. Introduction
8.2. North America
8.3. South America
8.4. Europe
8.5. Middle East and Africa
8.6. Asia Pacific
9. Competitive Environment and Analysis
9.1. Major Players and Strategy Analysis
9.2. Emerging Players and Market Lucrativeness
9.3. Mergers, Acquisitions, Agreements, and Collaborations
9.4. Vendor Competitiveness Matrix
10. Company Profiles
For more information about this report visit https://www.researchandmarkets.com/r/o0j67l
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