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Global Solar PV Balance Of Systems (BOS) Market 2019-2023
SKU ID : TNV-14770520 | Publishing Date : 30-Nov-2018 | No. of pages : 128
About this market
The market has witnessed an increasing development of Zero Energy Buildings (ZEB) as it significantly reduces the energy use by slashing its demand. It supplies the energy needs from renewable energy sources, such as solar panels. The ZEBs are constructed and designed using special materials, such as well-insulated building structures to prevent leaks for heating/cooling and increase the overall building efficiency. Renewable energy sources such as solar PV, fuel cells, and energy storage technologies are used to generate the power required by the building. Governments across the world are pushing many initiatives for sustainable smart city developments. Many other countries have also set their focus on building smart cities. Solar PV systems help building smart cities significantly. Therefore, the initiatives that the governments are taking across the world for sustainable smart city developments will drive the growth of the global solar PV industry. This, in turn, will drive the growth of the global solar PV balance of systems. The global solar PV balance of systems market at a CAGR of over 21% during the forecast period.
Increasing investments in renewables energy
The total cost of generating electricity using renewable sources is relatively compared with the traditional sources such as fossil fuels. The shift in focus to renewable sources of energy is increasing investments in the energy industry. This will drive the growth of the global solar PV market. This, in turn, should drive the growth of the global solar PV balance of systems market during our forecast period.
Rising competition from other sources of energy
Many countries prefer using fossil fuels rather than renewable energy due to abundantly available fossil fuels rather than renewable energy. Therefore, the increased adoption of other resources of energy has been hindering the growth of the solar PV industry. This will affect the market negatively during our forecast period.
For the detailed list of factors that will drive and challenge the growth of the solar PV balance of systems market during the 2019-2023, view our report.
The solar PV balance of systems market is moderately fragmented owing to the presence of several market players. The competitive cost of generating electricity and low carbon emissions from renewable sources have increased investments in renewable energy, globally. The market is currently in the growth phase. This will result in a highly competitive environment since all players will compete intensely to make the most from this growth. To help clients improve their positions in this competitive market, this research provides a detailed analysis of the market’s competitive landscape and also offers details on the services offered by several companies.
The market has witnessed an increasing development of Zero Energy Buildings (ZEB) as it significantly reduces the energy use by slashing its demand. It supplies the energy needs from renewable energy sources, such as solar panels. The ZEBs are constructed and designed using special materials, such as well-insulated building structures to prevent leaks for heating/cooling and increase the overall building efficiency. Renewable energy sources such as solar PV, fuel cells, and energy storage technologies are used to generate the power required by the building. Governments across the world are pushing many initiatives for sustainable smart city developments. Many other countries have also set their focus on building smart cities. Solar PV systems help building smart cities significantly. Therefore, the initiatives that the governments are taking across the world for sustainable smart city developments will drive the growth of the global solar PV industry. This, in turn, will drive the growth of the global solar PV balance of systems. The global solar PV balance of systems market at a CAGR of over 21% during the forecast period.
Market Overview
Increasing investments in renewables energy
The total cost of generating electricity using renewable sources is relatively compared with the traditional sources such as fossil fuels. The shift in focus to renewable sources of energy is increasing investments in the energy industry. This will drive the growth of the global solar PV market. This, in turn, should drive the growth of the global solar PV balance of systems market during our forecast period.
Rising competition from other sources of energy
Many countries prefer using fossil fuels rather than renewable energy due to abundantly available fossil fuels rather than renewable energy. Therefore, the increased adoption of other resources of energy has been hindering the growth of the solar PV industry. This will affect the market negatively during our forecast period.
For the detailed list of factors that will drive and challenge the growth of the solar PV balance of systems market during the 2019-2023, view our report.
Competitive Landscape
The solar PV balance of systems market is moderately fragmented owing to the presence of several market players. The competitive cost of generating electricity and low carbon emissions from renewable sources have increased investments in renewable energy, globally. The market is currently in the growth phase. This will result in a highly competitive environment since all players will compete intensely to make the most from this growth. To help clients improve their positions in this competitive market, this research provides a detailed analysis of the market’s competitive landscape and also offers details on the services offered by several companies.
Frequently Asked Questions
This market study covers the global and regional market with an in-depth analysis of the overall growth prospects in the market. Furthermore, it sheds light on the comprehensive competitive landscape of the global market. The report further offers a dashboard overview of leading companies encompassing their successful marketing strategies, market contribution, recent developments in both historic and present contexts.
- By product type
- By End User/Applications
- By Technology
- By Region
The report provides a detailed evaluation of the market by highlighting information on different aspects which include drivers, restraints, opportunities, and threats. This information can help stakeholders to make appropriate decisions before investing.
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