About Solar Monitoring System
Solar Monitoring System is an online system for monitoring the performance of solar plants. A solar monitoring system is a combination of hardware and software that provides a complete solar plant solution. The Solar Monitoring System includes components such as a recorder and sensors. Solar monitoring enables solar customers to determine the time of day when their panels are performing ideally. Knowing peak performance times can also help you make the best use of that energy. A solar monitoring system allows you to monitor the performance of your solar panels. A solar monitor is typically installed at the same time as your solar panels. Solar monitoring systems collect data about your system's energy production, which is typically obtained from solar inverters or a charge controller.
Attributes | Details |
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Study Period | 2017-2027 |
Base Year | 2021 |
Unit | Value (USD Million) |
There are more providers competing against one another on the global market, which is less competitive. Market growth and business expansion have significant opportunities due to intense competition Analyst at AMA Research estimates that United States Manufacturers will contribute the maximum growth to Global Solar Monitoring System market throughout the forecasted period. Established and emerging Manufacturers should take a closer view at their existing organizations and reinvent traditional business and operating models to adapt to the future.
Aarusha Smart Energy (India), Acrel Electric Manufacturing (China), Acksen (United Kingdom), Afore New Energy (China), AG Power (China), AlsoEnergy (United States), Apollo Solar Electric (United Kingdom), Atess Power Technology (China), Campbell Scientific (United States) and CDP (United States) are some of the key players that are part of study coverage. Additionally, the Manufacturers which are also part of the research coverage are Chilicon Power (United States), Darfon Solar (United States) and E-star Energy (China).
Segmentation Overview
AMA Research has segmented the market of Global Solar Monitoring System market by , Application (Residential, Commercial and Others) and Region.
On the basis of geography, the market of Solar Monitoring System has been segmented into South America (Brazil, Argentina, Rest of South America), Asia Pacific (China, Japan, India, South Korea, Taiwan, Australia, Rest of Asia-Pacific), Europe (Germany, France, Italy, United Kingdom, Netherlands, Rest of Europe), MEA (Middle East, Africa), North America (United States, Canada, Mexico). If we see Market by Distribution Channel, the sub-segment i.e. Online will boost the Solar Monitoring System market. Additionally, the rising demand from SMEs and various industry verticals gives enough cushion to market growth. If we see Market by Element, the sub-segment i.e. Data Logger will boost the Solar Monitoring System market. Additionally, the rising demand from SMEs and various industry verticals gives enough cushion to market growth. If we see Market by End User, the sub-segment i.e. Industry will boost the Solar Monitoring System market. Additionally, the rising demand from SMEs and various industry verticals gives enough cushion to market growth.
Market Leaders and their expansionary development strategies
In 2021 Green Power Monitor, a DNV Company Acquires PV Analytics Technology Platform from Alteso. With this acquisition, GPM's digital analytics platform will be able to offer best-in-class advanced analytics services to the global solar industry, utilising visualised insights and artificially intelligent solutions.
In 2021 SunPower Launches New Monitoring App Enabling Homeowners to Manage Solar and Storage. SunPower Corp., a top supplier of solar technology and energy services, finally launched its brand-new mySunPower app, which gives consumers a new way to review and control their energy generation, consumption, and battery storage settings from a mobile device. In the face of rolling blackouts, natural disasters, and the effects of climate change, the mySunPower app enables you to maximize energy use, save money, and decrease your reliance energy providers.
Market Drivers
- Increase In Usage of Renewable Energy Sources
- Smart Monitoring System Refer Smart Grid Application and Sub - Station Digitization.
Opportunities
- Growing Awareness About Use Of Renewable Energy Source Globally
- Rapidly Decreases In Price Of Solar Monitoring System
Restraints
- High Initial Cost Required
- High Cost Of Solar Monitoring System
Challenges
- High Maintenance Required The Solar Monitoring System
- The Remote Location Of Solar Plant For IOT Based Solar Monitoring System
Key Target Audience
Solar Monitoring System manufacturer, Solar Monitoring System provider, Industry & Organization, Vendor & Supplier, Government, Corporate and Others
About Approach
To evaluate and validate the market size various sources including primary and secondary analysis is utilized. AMA Research follows regulatory standards such as NAICS/SIC/ICB/TRCB, to have the better understanding of the market. The market study is conducted on basis of more than 200 companies dealing in the market regional as well as global areas with purpose to understand companys positioning regarding market value, volume and their market share for regional as well as global.
Further to bring relevance specific to any niche market we set and apply number of criteria like Geographic Footprints, Regional Segments of Revenue, Operational Centres, etc. The next step is to finalize a team (In-House + Data Agencies) who then starts collecting C & D level executives and profiles, Industry experts, Opinion leaders etc. and work towards appointment generation.
The primary research is performed by taking the interviews of executives of various companies dealing in the market as well as using the survey reports, research institute, and latest research reports. Meanwhile, analyst team keeps preparing set of questionnaires and after getting appointee list; the target audience are then tapped and segregated with various mediums and channels that are feasible for making connection that includes email communication, telephonic, skype, LinkedIn Group & InMail, Community Forums, Community Forums, open Survey, SurveyMonkey etc.