Renewable Energy – Market Research Insights

Combined Heat & Power Installation Market Segmented On The Basis Of Type, Technology, Fuel, Region And Forecast 2027: Grand View Research Inc.

San Francisco, 3 May 2023: The Report Combined Heat & Power Installation Market Size, Share & Trends Analysis Report By Type (Large Scale, Small Scale), By Fuel (Natural Gas, Coal, Biomass), By Technology, By Region, And Segment Forecasts, 2020 – 2027

The global combined heat and power installation market size is expected to reach USD 12.0 billion by 2027, according to a new report by Grand View Research, Inc., expanding at a CAGR of 3.1% over the forecast period. Modification in preferences towards replacing conventional sources of energy systems on account of uninterrupted power supply and operational cost is expected to drive the market. Growing energy demand from industrial applications, such as paper, pulp, chemical, cement, pharmaceuticals, refining, and sugar is also expected to have a positive impact on market growth. Rising demand for lighting and space heating applications in retail malls, offices, hospitals, and universities has also encouraged CHP installation for commercial applications.

Natural gas-based fuel systems dominated the market and accounted for over 65.0% of the total capacity in 2019. A recent decline in natural gas prices on account of the discovery of unconventional natural gas reserves is expected to drive this segment over the forecast period. Coal-based systems are expected to witness moderate growth rates with an estimated CAGR of 2.3% from 2020 to 2027. Government regulations to curb Greenhouse Gases (GHG) into the atmosphere are expected to drive CHP system installations in various sectors such as industrial, residential, commercial, and institutional sectors which include hospitals and schools. CHP systems require less fuel to generate the same energy as SHIP systems, and therefore, can reduce GHGs and air pollutants such as nitrogen oxides and sulfur dioxide to enter into the atmosphere.

Access Research Report of Combined Heat & Power Installation Market @ https://www.grandviewresearch.com/industry-analysis/combined-heat-power-installation-market

Combined Heat & Power Installation Market Report Highlights

The large-scale type segment share was valued at over USD 7.5 billion in 2019
Asia Pacific is projected to grow at a substantial rate throughout the forecast period. Japan is expected to account for the maximum share in the Asia Pacific region
Natural gas fuel type segment dominates the industry, accounting for 65.0% of total market volume in 2019
In North America, the market is likely to display a moderate growth rate during the projected period

List of Key Players of Combined Heat & Power Installation Market

ON SE
Mitsubishi Hitachi Power Systems, Ltd.
Siemens
Centrica
General Electric
Bdr Thermea Group
Aegis Energy Services Inc.
Clarke Energy
Cummins Inc.
Capstone Turbine Corporation
Caterpillar
Elite Energy Systems, LLC
Doosan Fuel Cell America, Inc.
Tecogen Inc.
Wartsila

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Solar Water Heaters Market Value To Reach USD 4.13 Billion By 2025: Grand View Research Inc.

San Francisco, 20 Aug 2020: The Report Solar Water Heaters Market Size, Share & Trends Analysis Report, By Technology (ETC, FPC, UWC), By Application (Residential, Commercial, Industrial), By System, By Region, And Segment Forecasts, 2018 – 2025

The global solar water heaters market size is predicted to be valued at USD 4.13 billion by 2025, according to a new report by Grand View Research, Inc., exhibiting a CAGR of 8.1% during the forecast period. Rising demand for energy-efficient water heaters, coupled with increasing demand to reduce energy costs, is projected to augment market growth.

Solar water heater is an appliance, which is utilized to heat up the water via exchanging light of sun in to the heat, by means of a thermal collector. Normally the heater is fit at the place where the sunlight is sufficiently available and it can heat the water in the hours of daylight. The hot water is stocked up in an insulated storage tank which can be used whenever required.

The development of the market for solar water heaters can be credited to increasing demand for energy efficient water heaters, growing prices of energy and the increasing population of the world.

Increasing demand for water heating arrangement, particularly in colder regions and stringent rules by the government to control the release of greenhouse gases, is expected to increase the acceptance of these systems and increase the development of the market for solar water heaters.

The development of the market for solar water heaters can be credited to increasing demand for energy efficient water heaters, growing prices of energy and the increasing population of the world.

Access Research Report of Solar Water Heaters Market @ https://www.grandviewresearch.com/industry-analysis/solar-water-heaters-market

Further key findings from the report suggest:

The U.S. solar water heaters market is predicted to witness a revenue-based CAGR of 3.5% by 2025. Favorable government regulations and economic and financial benefits offered by business owners to encourage adoption of these units will augment industry growth
In terms of volume, the U.K. solar water heaters market accounted for 94.3 thousand units in 2016 and is expected to reach 126.2 thousand units over the forecast period. Residential consumers account for a larger share, owing to high prices of energy and strict pollution control norms
The India solar water heaters market value is predicted to reach USD 218.1 million by 2025. This is among the most promising markets owing to large-scale initiatives by the government to systematically shift from non-renewable to renewable sources of energy to curb the ever-expanding carbon footprint.

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Waste To Energy Market is Predicted to Observe a Tremendous Growth, With a CAGR of 7.4% From 2020 To 2027: Grand View Research Inc.

San Francisco, 18 Aug 2020: The Report Waste To Energy Market Size, Share & Trends Analysis Report By Technology (Thermal (Incineration, Gasification, Pyrolysis), Biological), By Region (North America, Europe, APAC, Central & South America, MEA), And Segment Forecasts, 2020 – 2027

The global waste to energy market size is expected to reach USD 54.8 billion by 2027, ascending at a CAGR of 7.4% over the forecast period, according to a new report by Grand View Research, Inc. Growing power demand from end-use industries along with favorable regulatory policies regarding waste disposal and utilization for clean energy are likely to strengthen the market over the forecast period.

Governments are emphasizing on the development of alternate energy production sources such as Waste to Energy (WTE) plants owing to surging power demand along with the rapid depletion of conventional energy sources. In addition, increasing landfilling prices and limited space are among the primary factors responsible for driving the market over the forecast period.

Asia Pacific economies such as China have become high potential markets for waste-to-energy technologies owing to the generation of industrial waste at a huge level. Moreover, Japan is expected to follow a more aggressive approach than China regarding the implementation of WTE technology across the country. It aims to provide combination packages including additional services such as waste reduction, waste sorting, and recycling. These trends are anticipated to positively influence the market over the forecast period.

Industry players are emphasizing on technological advancements and innovations in order to reduce the technology cost associated with waste-to-energy plants, boosting the commercialization of WTE technology. In addition, market participants practice vertical integration in order to strengthen the services. Companies do a tie-up with municipal solid waste providers for the distribution of waste sources.

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Waste To Energy Market Report Highlights

The thermal technology segment occupied the largest market share in 2019 owing to the relatively simple process along with ease of operations during thermal conversion
Incineration thermal technology is a major revenue contributor to the market. It offers several advantages such as waste volume reduction, limiting greenhouse gas emissions, and preserving energy
The biological technology segment is projected to attain the highest CAGR over the forecast period owing to the consistent advancement of anaerobic decomposition technology
Europe dominates the market owing to the presence of large market players across the region
In Asia Pacific, the market is anticipated to escalate at the fastest CAGR owing to the potential growth opportunities in countries such as China and Japan.

Browse more reports of this category by Grand View Research at: https://www.grandviewresearch.com/industry/renewable-energy

Grand View Research has segmented the global waste to energy market on the basis of technology and region:

Waste to Energy Technology Outlook (Revenue, USD Million, 2016 – 2027)

Thermal
- Incineration
- Gasification
- Pyrolysis
Biological

Waste to Energy Regional Outlook (Revenue, USD Million, 2016 – 2027)

North America
Europe
Asia Pacific
Central & South America
Middle East & Africa

List of Key Players of Waste To Energy Market

Hitachi Zosen Inova AG
Suez
Covanta Holding Corporation
China Everbright International Limited
Veolia
Abu Dhabi National Energy Company PJSC
Ramboll Group A/S
Babcock & Wilcox Enterprises, Inc.
Wheelabrator Technologies Inc
Xcel Energy Inc.

Access Press Release of Waste To Energy Market @ https://www.grandviewresearch.com/press-release/global-waste-to-energy-wte-market

About Grand View Research

Grand View Research, Inc. is a U.S. based market research and consulting company, registered in the State of California and headquartered in San Francisco. The company provides syndicated research reports, customized research reports, and consulting services. To help clients make informed business decisions, we offer market intelligence studies ensuring relevant and fact-based research across a range of industries, from technology to chemicals, materials and healthcare.

For More Information:www.grandviewresearch.com

Solar Charge Controller Market is Predicted to Observe a Tremendous Growth, With a CAGR of 15.1% From 2020 To 2027: Grand View Research Inc.

San Francisco, 11 Aug 2020: The Report Solar Charge Controller Market Size, Share & Trends Analysis Report By Type (Pulse Width Modulation, Maximum Power Point Tracking), By Application, By Region, And Segment Forecasts, 2020 – 2027

The global solar charge controller market size is expected to reach USD 4.15 billion by 2027, expanding at a CAGR of 15.1% from 2020 to 2027, according to a new report by Grand View Research, Inc. Implementation of climate change policies, along with provision of government subsidies for power generation through renewable energy, is likely to strengthen market growth over the forecast period.

Growing requirement for reliable power supply in harsh environmental conditions or remote locations has resulted in increasing deployment of off-grid photovoltaic systems, which, in turn, has positively influenced the solar charge controller demand across such regions. In addition, renewable energy battery storage solutions are expected to bolster the market growth over the forecast period.

Solar charge controllers increase battery lifespan by regulating the voltage and current flow from PV panels to battery during the day and preventing excessive discharging flow from battery to solar panels during the night. Innovative technology advancements including controllers integrated with auto night detection capabilities, smart sensor technology, and smart communication technologies, such as Bluetooth, are expected to enhance the functional capability of the product across the industry.

Major industry participants find lucrative market growth opportunities in the Asia Pacific region with low cost product manufacturing across the developing economies. Market players practice high degree of forward integration to enhance their foothold and market share in the solar industry. Moreover, manufacturers are massively investing in innovative technologies such as Maximum Power Point Tracking (MMPT) owing to the higher output generated when compared to the Pulse Width Modulation (PWM) technology.

Access Research Report of Solar Charge Controller Market @ https://www.grandviewresearch.com/industry-analysis/solar-charge-controller-market

Solar Charge Controller Market Report Highlights

By type, the Pulse Width Modulation (PWM) segment accounted for a significant market share in 2019 owing to PWM charge controller ability to self regulate to battery condition and provide constant voltage battery charging
Maximum Power Point Tracking (MPPT) is anticipated to expand at the fastest CAGR over the forecast period. The growth can be attributed to the higher efficiency of MMPT technology and its ability to extract maximum power available from PV module under specified conditions
The commercial application segment occupied the largest market share in 2019 and is expected to expand at the highest CAGR over the forecast period. Growing penetration of solar PV modules for power generation across commercial office spaces is expected to drive the solar charge controller demand across the segment
Asia Pacific accounted for the largest revenue share in 2019, with China being the highest revenue contributor. Presence of major manufacturers, along with significant investments in the solar industry resulting in reduced production costs, is expected to boost the market growth in China.

Browse more reports of this category by Grand View Research at: https://www.grandviewresearch.com/industry/renewable-energy

Grand View Research has segmented the global solar charge controller market on the basis of type, application, and region:

Solar Charge Controller Type Outlook (Revenue, USD Million, 2016 – 2027)

Pulse Width Modulation (PWM)
Maximum Power Point Tracking (MPPT)
Others

Solar Charge Controller Application Outlook (Revenue, USD Million, 2016 – 2027)

Industrial
Commercial
Residential

Solar Charge Controller Regional Outlook (Revenue, USD Million, 2016 – 2027)

North America
Europe
Asia Pacific
Central & South America
Middle East & Africa

List of Key Players of Solar Charge Controller Market

Sungrow
Morningstar Corp.
Schneider Electric
Beijing Epsolar Technology Co., Ltd
Wenzhou Xihe Electric Co., ltd
Sunforge LLC
Luminous India
KATEK Memmingen GmbH
Airkom
Victron Energy

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About Grand View Research

For More Information:www.grandviewresearch.com

Renewable Power Generation Market Demand Is Expected To Reach 12,630.9 Twh By 2027: Grand View Research Inc.

San Francisco, 5 Aug 2020: The Report Renewable Power Generation Market Size, Share & Trends Analysis Report By Product (Hydropower, Wind, Solar, Bioenergy), By Region (North America, Europe, APAC, CSA, MEA), And Segment Forecasts, 2020 – 2027

The global renewable power generation market demand is expected to reach 12,630.9 TWh by 2027, according to a new report by Grand View Research, Inc., expanding at a CAGR of 7.9% over the forecast period. Switching from conventional fossil fuels to renewable sources is underway to achieve economic, social, and environmental developments. Moreover, such investments in renewable and clean resource sectors are estimated to generate commercial opportunities as well as new jobs.

The world economy will be in the expansion mode after the COVID-19 pandemic, therefore demand for power is expected to increase exponentially in the coming years. This is a result of the higher living standards and economic growth. Fossil fuels currently dominate the present power supply, accounting for almost 60% of the energy increase until 2035. However, the shift towards low carbon fuels, coupled with stringent environment regulations in most of the developed countries, has provided a major boost to renewable energy.

The renewable energy market has witnessed a surge in installation capacity over the past few years on account of growing environmental concerns, coupled with the aim to reduce the harmful effects of greenhouse gasses. This has been a major factor for the expansion of wind energy. Government support to save energy and improve the efficiency will result in propelling growth over the forecast period.

Renewable energy is clean, silent, and freely available. This source of power has also become aesthetically appealing after the implementation of solar panels in residential and commercial buildings. The recent dip in the solar panel prices on account of hardware cost reductions as well as rising focus on tackling soft costs is further projected to augment the installation rates. Despite the extensive research & development costs associated, the major providers of solar panels have successfully reduced design, along with overhead costs.

Access Research Report of Renewable Power Generation Market @ https://www.grandviewresearch.com/industry-analysis/renewable-power-generation-market

Renewable Power Generation Market Report Highlights

By product, the hydropower segment held the largest share of almost 63% in 2019 due to its wide availability and low cost
The solar segment is anticipated to expand at the fastest CAGR of 9.5% from 2020 to 2027 on account of declining prices of solar panels and technological upgradation
Asia Pacific led the renewable energy generation market in 2019 and is anticipated to reach 5,311.3 TWh by 2027 owing to presence of numerous end-use industries, such as automobile, electronics, manufacturing, and pharmaceutical
In Asia Pacific, China accounted the largest share of 66.5% in 2019. Rapid industrialization and growing population over the past few years has resulted in increased demand for clean energy in this country
Research & development activities, partnership with local governments, and technological collaborations are some of the strategic initiatives taken up by leading companies.

Browse more reports of this category by Grand View Research at: https://www.grandviewresearch.com/industry/power-generation-and-storage

Grand View Research has segmented the global renewable power generation market on the basis of product and region:

Renewable Power GenerationProduct Outlook (Electricity Generation, TWh, 2016 – 2027)

Hydropower
Wind
Solar
Bioenergy
Others

Renewable Power Generation Regional Outlook (Electricity Generation, TWh, 2016 – 2027)

North America
Europe
Asia Pacific
Central & South America
Middle East & Africa

List of Key Players of Renewable Power Generation Market

General Electric
ABB Ltd.
The Tata Power Company Limited (Tata Power)
Xcel Energy Inc.
Innergex
Enel Spa
EDF
Geronimo Energy
ACCIONA
Invenergy

Access Press Release of Renewable Power Generation Market @ https://www.grandviewresearch.com/press-release/global-renewable-power-generation-market

About Grand View Research

For More Information:www.grandviewresearch.com

Off-grid Solar PV Panels Market Projected To Exhibit Robust CAGR of 9.4% For The Forecast Period From 2020 To 2027 : Grand View Research Inc.

San Francisco, 5 Aug 2020: The Report Off-grid Solar PV Panels Market Size, Share & Trends Analysis Report By Technology (Thin Film, Crystalline Silicon), By Application, By Region (North America, Europe, APAC, CSA, MEA), And Segment Forecasts, 2020 – 2027

The global off-grid solar PV panels market size is projected to reach USD 3.9 billion by 2027, expanding at a CAGR of 9.4%, according to a new report by Grand View Research, Inc. Growing adoption of renewable energy owing to favorable government policies is predicted to drive market growth.

High efficiency at affordable operational costs along with durability offered by solar PV panels is projected to drive industry growth.Rapid population growth and industrialization have resulted in a sharp increase in power demand globally. The energy sector has turned to clean power sources resulting in increase in the installations of solar modules, which in turn is likely to propel industry growth.

Additionally, major global economies are planning to augment the installation of solar modules over the next decade, which is further projected to drive the market over the forecast period.Based on technology, thin films emerged as the largest segment in the market. Rise in adoption of clean energy for industrial and commercial power generation is resulting in increasing deployment of the technology. The technology is ideal for regions with abundant sunlight and areas that experience frequent grid failure leading to power outages.

The residential segment is projected to grow at the fastest rate over the forecast period owing to the growing residential construction activities. Major suppliers and vendors are offering long-term contracts to the owners covering regular maintenance and servicing of the panels, thereby driving the market till 2027.

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Off-grid Solar PV Panels Market Report Highlights

In 2019, Asia Pacific held the largest market share and is projected to witness a CAGR of 8.2% from 2020 to 2027, owing to rising power costs and grid infrastructure expenses in India and China
Industrial segment accounted for greater market share in 2019 as off-grid solar PV panel is an effective solution to tackle increasing power tariffs. Industrial segment is the largest consumer of electricity in the world with more than half of the world’s produced capacity being used by it
Middle East and Africa emerged as the fastest growing regional market with growing investment towards renewable energy from Saudi Arabia, and the UAE among other regional countries which are opting for cleaner sources of power generation
S. accounted for market share of 44.2% in 2019 owing to noticeable increase in the number of new installations over the last five years based on community efforts and exponential increase in the electricity bills.

Browse more reports of this category by Grand View Research at: https://www.grandviewresearch.com/industry/renewable-energy

Grand View Research has segmented off-grid solar PV panels market based on application, technology, and region:

Off-grid Solar PV Panels Technology Outlook (Revenue, USD Million, 2016 – 2027)

Thin Films
Crystalline Silicon
Others

Off-grid Solar PV Panels Application Type Outlook (Revenue, USD Million, 2016 – 2027)

Residential
Commercial
Industrial

Off-grid Solar PV Panels Regional Outlook (Revenue, USD Million, 2016 – 2027)

North America
Europe
Asia Pacific
Central & South America
Middle East & Africa

List of Key Players of Off-grid Solar PV Panels Market

Canadian Solar
Solar Power Rocks LLC
Yingli Solar
HelioPower
SMA Solar Technology
Greenlight Planet
Schneider Electric
Backwoods Solar
Su-Kam Power Systems

Access Press Release of Off-grid Solar PV Panels Market @ https://www.grandviewresearch.com/press-release/global-off-grid-solar-pv-panels-market

About Grand View Research

For More Information:www.grandviewresearch.com

Solar Tracker Market Projected To Raise 172.0 GW By 2025: Grand View Research Inc.

San Francisco, 24 July 2020: The Report Solar Tracker Market Size, Share & Trends Analysis Report By Technology (Solar PV, Concentrated PV, Concentrated Solar Power), By Product (Single Axis, Dual Axis), By Application, By Region, And Segment Forecasts, 2019 – 2025

Solar tracker is a product that aids in directing payloads towards the direction of sunlight. The payloads that are majorly used are parabolic troughs and solar panels. It maximizes your solar system’s electricity production by moving your panels to follow the sun throughout the day, which optimizes the angle at which your panels receive solar radiation. Solar trackers are typically used for ground-mounted solar panels and large, free-standing solar installations like solar street lights.

When solar panels are exposed to sunlight, the angle of incidence of the sunlight is strictly kept into consideration. Minimum the angle of incidence of sunlight, maximum the efficiency of the solar panels, leading to maximum charge deposition in solar cells. This is where solar tracker comes into the picture. It tracks the movement of sun and helps align the panels in such a way that angle of incidence remains minimum, leading to increased conversion of solar energy into electricity.

The usage of trackers as an additional device could further improve the energy efficiency of the application in terms of quantity of energy received through the panels. The low maintenance cost of the product coupled with reduced electricity costs can improve the efficiency of solar panels.

There are two types of solar trackers –

Single Axis Tracker– These trackers align the panels to the north-south direction and allows the panel to arc from east to west tracking the sun through the entire day. It makes tracking the sun for the day easier.
Dual Axis Tracker– As the name suggests, this tracker allows the panel to move on two axes, namely, East-West & North-South. Therefore, enabling the panel to track the daily as well as yearly variation in movements of the sun, maximizing the collection of solar energy throughout the year.

Access Blog of Solar Tracker Market @ https://www.grandviewresearch.com/blog/solar-tracker-market-size-share-analysis

Driving Forces

Solar trackers are comparatively new, when it comes to solar infrastructure. However, it has gained a boost from the market, riding on some crucial factors which are the driving forces behind it. Due to these following factors, market demand for solar tracker is expected to reach 172.0 GW by 2025.

Generally, a solar panel system with a single-axis solar tracker installed sees a performance gain of 25 to 35 percent. A dual-axis tracker boosts performance up by another 5 to 10 percent. This clearly shows that installing solar tracker results in good amount of increase in solar power
In the regions of high altitude, where the position of sun has a large range of variation, resulting in variations in the amount of sunlight in the region around the year; trackers help increase the electricity storage by reducing the angle of incidence.
Rising climate concernsin the world has made the countries boost investment in the renewables sector. This has created a good demand for solar trackers around the world.
Technological developmentsand research in the renewable arena are expected to cut costs and make infrastructure cheap and ready for deployment around the world.

Market Insights

The manufacturers are investing in major solar installation projects around the world to increase their geographical presence. The major strategy used by industry players is a rapid market expansion to gain maximum market share.
Companies such as Array Technologiesand SunEdison are establishing subsidiaries in developing countries to be a part of the rapid renewable energy revolution taking place in these countries. It has been observed that developing countries are adding more than 2 GW of renewable energy every year. And with the renewed push to Paris Agreement, it is bound to go up, boosting demand in the sector.
Key market players in the global industry include AllEarth Renewables, Inc.; NEXTracker, Inc.; Soltec; PV Hardware; Artech Solar; NClave; andPowerway Renewable Energy Co. Ltd. These companies offer a diverse portfolio in the market in terms of products and are highly integrated across the value chain.

Access Press Release of Solar Tracker Market @ https://www.grandviewresearch.com/press-release/global-solar-tracker-market

Solar Tracker Market Is Poised To Reach 72.0 GW By 2025: Grand View Research Inc.

San Francisco, 26 December 2019: The Report Solar Tracker Market Size, Share & Trends Analysis Report By Technology (Solar PV, Concentrated PV, Concentrated Solar Power), By Product (Single Axis, Dual Axis), By Application, By Region, And Segment Forecasts, 2019 – 2025

The global solar tracker market demand is expected to reach 172.0 GW by 2025, expanding at a volume-based CAGR of 32.0%, according to a new report by Grand View Research, Inc. Solar tracker is installed on a photovoltaic (PV) system to get an increased energy output during the day. The PV system helps to minimize the angle of incidence between incoming light and panel, thereby increasing the amount of energy produced.

The single axis segment is predicted to have the highest growth over the forecast years and is projected to witness a revenue-based CAGR of 30.6% from 2019 to 2025. Single axis tracker is economical than dual axis tracker and easy to maintain. The market is expected to witness substantial growth over the forecast period owing to growing need for renewable power generation, especially in the single axis segment.

The dual axis segment accounted for lower market share in terms of volume and is projected to exhibit lower CAGR during the forecast period. Dual-axis solar trackers comprise two degrees of freedom that act as axis of rotation. The axis fixed to the ground is considered as the primary axis and the one referenced to the primary axis is called the secondary axis.

Dual axis trackers have modules that are oriented parallel to the secondary axis of rotation. They allow maximum absorption of the sun’s rays on account of their ability to follow the sun both horizontally and vertically, thus generating 8% to 10% more energy than single axis trackers.

In terms of technology, the PV segment is anticipated to hold majority share in the market over the forecast period. The simplicity of its design along with the cost-effectiveness make them ideally suitable for most PV applications at utility level.

Additionally, trackers installed on PV modules occupy less space as compared to the concentrated photovoltaic (CPV) and concentrated solar power (CSP) technologies. The PV technology does not require any additional lenses, mirrors or sterling energy to generate electricity, thereby making them suitable for use in non-utility applications.

Access Research Report of Solar Tracker Market @ https://www.grandviewresearch.com/industry-analysis/solar-tracker-industry

Further key findings from the report suggest:

The solar tracker market is estimated to witness a volume-based CAGR of 32.0% from 2019 to 2025. Solar tracker helps in increasing the efficiency of the cell. Increasing solar PV demand in various regions is expected to propel the growth of the market over the projected period
Solar PV emerged as a leading technology segment accounting for a revenue share of close to 91.0% in 2018. Increasing government focus on renewable energy has resulted in the development of PV cells as a sustainable and continuous source of energy generation
The single axis segment leading product segment covering more than 64.0% of the market volume in 2018 and is projected to grow at highest CAGR during the forecast period. Single axis trackers are less expensive as compared to dual axis trackers and, therefore, are widely employed in utility and non-utility application
The utility application segment is expected to account for more than 87.0 % of the market volume in 2025 and is projected to grow at highest CAGR during the forecast period. Trackers are being used on a large-scale in utility applications in light of increasing government subsides coupled with feed-in tariff schemes particularly in North American and European region
North America accounted for the largest market share of more than 30.0% volume share in 2018 owing to favorable policies and incentives for solar PV installation in the country. However, Middle East and Africa market is projected to exhibit the highest CAGR during the forecast period on account of rise in investments for renewable energy sources in the region
Major companies actively operating in the solar tracker market in the present scenario include NEXTracker Inc.; PV Hardware; Soltec; First Solar Inc.; and Array Technologies Inc. These companies are adopting various organic as well as inorganic growth strategies to augment their market share.

Browse more reports of this category by Grand View Research at: https://www.grandviewresearch.com/industry/renewable-energy

Grand View Research has segmented the global solar tracker market on the basis of technology, product, application, and region:

Solar Tracker Technology Outlook (Volume, MW; Revenue, USD Million, 2014 – 2025)

Solar photovoltaic
Concentrated solar power (CSP)
Concentrated photovoltaic (CPV)

Solar Tracker Product Outlook (Volume, MW; Revenue, USD Million, 2014 – 2025)

Single Axis
Dual Axis

Solar Tracker Application Outlook (Volume, MW; Revenue, USD Million, 2014 – 2025)

Utility
Non-utility

Solar Tracker Regional Outlook (Volume, MW; Revenue, USD Million, 2014 – 2025)

North America
Europe
Asia Pacific
Central & South America (CSA)
Middle East & Africa

Access Press Release of Solar Tracker Market @ https://www.grandviewresearch.com/press-release/global-solar-tracker-market

About Grand View Research

For More Information: www.grandviewresearch.com

Thin Film Battery Market Worth $1.72 Billion By 2025: Grand View Research Inc.

San Francisco, 29 November 2019: The Report Thin Film Battery Market Analysis By Battery type (Disposable, Rechargeable), By Voltage (Below 1.5V, 1.5V to 3V, Above 3V), By Region (North America, Europe, APAC, CSA, MEA), And Segment Forecasts, 2018 – 2025

The global thin film battery market is expected to reach USD 1.72 billion by 2025, according to a new report by Grand View Research, Inc. Rapid adoption of wearable technology in the society, along with technological advancement is further propelling the market growth.

Thin film battery has gained huge popularity due to its lightweight and small size characteristics and is expected to revolutionize the industry. Increasing demand for thin film battery to power compact devices coupled with improved safety is a major driving factor for the industry growth in the wearables and medical applications.

Below 1.5 V thin film batteries are generally used in low power applications such as smart cards, wireless micro-sensors, toys, RFID tags, and medical patches. Moreover, most of the manufacturers are integrating below 1.5 V thin film batteries for various applications. These properties are expected to have a positive impact on the industry.

The smart cards and medical segment are expected to collectively account for 28.7% of the global market share in 2025. Extensive R&D in the global battery industry on account of changing needs from various end-use industries has propelled the development of novel battery, which outperform conventional battery in terms of their performance and durability.

North America was the leading region due to rapid adoption of wearable technology by the people. The consumer is demanding electronics devices which are easy to carry around, which means it should be small in size and light in weight. The availability of a variety of thin film battery options and ability of customization is leading to the expansion of the overall market in this region.

Access Research Report of Thin Film Battery Market @ https://www.grandviewresearch.com/industry-analysis/thin-film-battery-market

Further key findings from the report suggest:

The market is expected to grow at a CAGR of 27.4% from 2017 to 2025 on account of increasing adoption of wearable technology around the world
Wearable devices will witness fastest growth in terms of revenue at a CAGR of 29.2% from 2017 to 2025 owing to extensive introduction of innovative players
Asia Pacific market is expected to witness significant development and was valued at USD 42.6 million in 2016 on account of growing electronics manufacturing industry
Key participants include Blue Spark Tech, BrightVolt, Enfucell Oy, ST Microelectronics, Cymbet, Imprint Energy, Ilika PLC, LG Chem, Jenax Inc. and others. These companies are focused on increasing their market share by introducing innovative products.

Browse more reports of this category by Grand View Research at: www.grandviewresearch.com/industry/renewable-energy

Grand View Research has segmented the global thin film battery market on the basis of type, voltage, application and region:

Battery type Outlook (Revenue, USD Million, 2014 – 2025)

Disposable
Rechargeable

Voltage Outlook (Revenue, USD Million, 2014 – 2025)

Below 1.5V
5V to 3V
Above 3V

Application Outlook (Revenue, USD Million, 2014 – 2025)

Wearable Devices
Medical
Consumer Electronics
Smart Cards

Regional Outlook (Revenue, USD Million, 2014 – 2025)

North America
Europe
Asia Pacific
South & Central America
Middle East and Africa

Access Press Release of Thin Film Battery Market@ www.grandviewresearch.com/press-release/global-thin-film-battery-market

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Floating Solar Panels Market Size Is Poised To Reach USD 2.70 Billion By 2025 : Grand View Research Inc.

San Francisco, 17 October 2019: The Report Floating Solar Panels Market Size & Trend Analysis, By Product (Tracking Floating Solar Panels, Stationery Floating Solar Panels), By Region (U.S., Europe, Asia Pacific, Japan, Central & South America, Rest of World), And Segment Forecasts, 2018 – 2025

The global floating solar panels market is expected to reach USD 2.70 billion by 2025, according to a new report by Grand View Research, Inc. The technology is expected to witness significant growth over the forecast period owing to rising demand for reliable renewable power generation. Furthermore, the ability to mitigate land cost is expected to favor demand over the projected period.

The growing focus of various governments towards the use of renewable energy for power generation coupled as well as lower environmental pollution by reducing the dependence on fossil fuels is expected to have a positive impact over the projected period.

Declining panel cost leading to lower per unit cost of generation is a key factor promoting the use of solar technology for power generation. Furthermore, lack of availability of suitable land for installation coupled with its ability to lower the impact of evaporation is a key factor driving the market over the forecast period.

Access Research Report of Floating Solar Panels Market @ https://www.grandviewresearch.com/industry-analysis/floating-solar-panels-market

Further key findings from the report suggest:

The penetration of stationary floating solar technology is expected to grow, particularly in developing and emerging economies owing to the low cost of installation as compared to its counterpart.
Tracking floating solar panels are expected to grow over the next nine years owing to the increased efficiency of the panels with tracking technology. The growing R&D investments by the installers and panel manufacturers to reduce the cost of this particular technology are likely to bolster market growth.
Japan accounted for over 75% of the overall revenue share in 2015 owing to the low availability of land and favorable initiatives taken by the government to promote the use of renewable sources of energy. In addition, the industry is expected to grow substantially on account of the numerous plans sanctioned by the Japanese government.
Europe is one of the leading installers of the technology owing to the rising market penetration in the UK with around six plants and an installed capacity of over 10,000 kW of the overall installations in Europe.
Key players in the industry include Kyocera Corporation, Trina Solar, Sharp Corporation and Yingli Solar. Ciel & Terre is expected to be the largest installer of floating panels across the globe. The company accounts for over 50% of the overall floating panels installations.

Browse more reports of this category by Grand View Research at: https://www.grandviewresearch.com/industry/renewable-energy

Grand View Research has segmented the floating solar panels market on the basis of product and region:

Product Outlook (Installed Capacity, Kilowatt; Revenue, USD Million, 2014 – 2025)

Tracking Solar Floating Panels
Stationery Solar Floating Panels

Regional Outlook (Installed Capacity, Kilowatt; Revenue, USD Million, 2014 – 2025)

U.S.
Europe
Asia Pacific
Japan
Central & South America
Rest of the World

Access Press Release of Floating Solar Panels Market @ https://www.grandviewresearch.com/press-release/global-floating-solar-panels-market

About Grand View Research

For More Information: www.grandviewresearch.com

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