Industrial Solar Generators Market to Reach $907.0 Million Globally by 2030 at a CAGR of 16.9%: Allied Market Research

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PORTLAND, Oregon., January 13, 2022 /PRNewswire/ — Allied Market Research has released a report titled,Industrial Solar Generator Market by type (less than 40 KWH, 40-80 KWH, 80-150 KWH and more than 150 KWH) Application (power industry, oil and gas industry and others): global opportunity analysis and industry forecast, 2021-2030 . » According to the report published by Allied Market Research, the global industrial solar generator market was estimated at $195.2 million in 2020 and is expected to reach $907.0 million by 2030, registering a CAGR of 16.9% from 2021 to 2030.

Drivers, constraints and opportunities –

Rising demand for sustainably generated electricity is driving the growth of the global industrial solar generator market. On the other hand, the availability of alternative energy sources hinders growth to some extent. However, the emergence of government policies on renewable resources by offering tax breaks and incentives should pave the way for lucrative opportunities in the future.

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COVID-19 scenario-

  • Huge disruptions in the supply chain led to a major slowdown in the production of industrial solar generators, which negatively impacted the market, especially during the initial phase.
  • However, as the global situation improves, the market should recover soon.

The 80-150 KWH segment to take the lion’s share

Based on type, the 80-150 KWH segment held the major share in 2020, attracting more than one-fifth of the global industrial solar generator market, owing to the increasing use of high-capacity solar generators in different industries. The 40-80 KWH segment, on the other hand, is expected to quote the fastest CAGR of 18.0% throughout the forecast period.

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Oil and Gas Industry Segment to Dominate by 2030-

Based on demand, the oil and gas segment contributed the lion’s share in 2020, holding almost half of the global industrial solar generator market, owing to the growing awareness of renewable energy. However, the electrical industry segment is expected to show the fastest CAGR of 18.2% from 2021 to 2030.

Asia Pacific, followed by Europe and North America, held most of it in 2020-

By region, Asia Pacific, followed by Europe and North America, dominated in 2020, gathering about two-fifths of the global industrial solar generator market. The same region should also cite fastest CAGR by 18.3% throughout the forecast period, due to the growing awareness of renewable energy in China, India, and other Asia Pacific countries.

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Key Industry Players-

  • Ameresco
  • Intech Clean Energy
  • Limited alternation
  • REC Solar
  • Goal Zero LLC
  • Jackson Group
  • Juwi
  • Kirchner Solar
  • Solar Hollandia

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Allied Market Research (AMR) is a full-service market research and business advisory division of Allied Analytics LLP based in Portland, OR. Allied Market Research provides global corporations as well as small and medium enterprises with unrivaled quality of “market research reports” and “Business Intelligence solutions”. AMR has a focused vision to provide business insights and advice to help its clients make strategic business decisions and achieve sustainable growth in their respective market area.

We maintain professional relationships with various companies which helps us to extract market data which helps us to generate accurate research data tables and confirm the utmost accuracy of our market predictions. CEO of Allied Market Research Pawan Kumar is essential to inspire and encourage everyone associated with the business to maintain high quality data and help customers in every way possible to achieve success. All data presented in the reports we publish are drawn from primary interviews with senior managers of large companies in the relevant field. Our secondary data sourcing methodology includes extensive online and offline research and discussions with knowledgeable industry professionals and analysts.

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