Energy Industry News
Home | Energy News | Submit Press Release | About Us


Free Utility & Energy Magazines
Press release distribution service

Energy Media
AltEnergyMag
Clean Energy Report
Colorado Energy News
Energy: MIT Tecnology Review
Energy Business Review
Energy Cities
EUROPA
Fuel Fix
Financial Times
Interfax Energy
Green Energy Times
News York Times
NBC News
NPR
Oil & Gas Investor
Oil Price
Platt
PennEnergy
Reuters
RechargeNews
Resilience
Science Daily
Renewable Energy World
Renewable Energy Transportation
The Daily Energy Report
The Energy Daily

Energy Industry News Releases

Global Solar Generator Market Trends, Scope, Demand, Opportunity and Forecast by 2024

 



(EnergyIndustry.Net, June 27, 2019 ) According to the latest market research report by IMARC Group, titled “Global Solar Generator Market Research Report and Forecast 2019-2024”, the global solar generator market reached a value of US$ 391.5 Billion in 2018. Solar generators refer to photovoltaic (PV) systems that produce electricity by converting the photonic energy from sunlight into electricity. They are available in different sizes and capacities, and offer numerous benefits including zero pollution generation and minimal fuel requirement for operations. Apart from this, they help to store energy for future purposes and reduce the usage of non-renewable resources like fossil fuels. These advantages, coupled with the economic nature of solar generators, have resulted in the increasing demand for these systems around the world.

Get a PDF Sample for more detailed market: https://www.imarcgroup.com/solar-generator-market/requestsample

Market Trends:

As solar generators help in sustainable electricity production, the governments in numerous countries are undertaking initiatives to expand their applications in both the residential and industrial sectors. Moreover, there has been a significant increase in the per capita consumption of energy, especially in developing economies. This has given a boost to the demand for power backup solutions like solar generators in these countries. Apart from this, manufacturers are investing in research and development activities to introduce new technologies which provide more convenience to consumers. They have also launched portable solar generators that are widely used in automobiles and other rechargeable electronic devices. By 2024, the global solar generator market size is projected to reach US$ 555.5 Billion, expanding at a CAGR of 6% during 2019-2024.

Browse full report with detailed TOC and list of figures and tables: https://www.imarcgroup.com/solar-generator-market

Insights on Market Segmentation:

Market Breakup by Grid Connectivity:

1. Off-Grid
2. On-Grid

Based on the grid connectivity, the market has been bifurcated into off-grid and on-grid solar generators. Currently, off-grid solar generators dominate the market, holding the largest share as they are relatively more portable which helps the user at the time of an emergency or power outage.

Market Breakup by End-User:

1. Residential
2. Commercial
3. Industrial
4. Military

On the basis of the end user, the market has been classified into residential, commercial, industrial and military sectors. At present, the residential sector accounts for the majority of the total market share. This can be accredited to the rising electricity prices and growing awareness among consumers about renewable energy sources.

Market Breakup by Region:

1. North America
2. Europe
3. Asia Pacific
4. Middle East and Africa
5. Latin America

Region-wise, the market has been divided into North America, Europe, Asia Pacific, Middle East and Africa, and Latin America. Amongst these, North America is the biggest market, holding the majority of the global share.

Competitive Landscape:

The competitive landscape of the market has also been examined with some of the key vendors being Goal Zero, Hollandia, Altern, Jaspak, Sunvis Solar, Biolite, Powerenz, SolMan, SolaRover, SolarLine and Voltaic.

Browse similar reports by IMARC Group:

Global Portable Generator Market Research Report and Forecast: https://www.imarcgroup.com/portable-generator-market

Global Fuel Cell Market Research Report and Forecast: https://www.imarcgroup.com/fuel-cell-market

About Us:

IMARC Group is a leading market research company that offers management strategy and market research worldwide. We partner with clients in all sectors and regions to identify their highest-value opportunities, address their most critical challenges, and transform their businesses.

IMARC’s information products include major market, scientific, economic and technological developments for business leaders in pharmaceutical, industrial, and high technology organizations. Market forecasts and industry analysis for biotechnology, advanced materials, pharmaceuticals, food and beverage, travel and tourism, nanotechnology and novel processing methods are at the top of the company’s expertise.

IMARC Services Pvt. Ltd.

Richard Lewis

6317911145

sales@imarcgroup.com

Source: EmailWire.Com

Renewable Energy News




Press release service Free Utility & Energy Magazines
Press release distribution service
:: Home: :: Submit Press Release :: Subscribe to News :: Contact Us :: Help

For unlimited press release distribution for $59 per month, call (281) 645-4086 or start posting your press releases online at EmailWire.com.

Copyright 2008 GroupWeb Media LLC
GroupWeb Media Network

Aviation-NewsWire | ArtNewsWire | Auction NewsWire | CRM NewsWire | ePhotoNewsWire | Energy Industry | EstateNewsWire | Entertainment-NewsWire.com | Food Beverage News | Glamour NewsWire | Health NewsWire | Hosting NewsWire | i-Auto NewsWire | i-Business News | i-Homeland Security.Com | iMac-NewsWire.Com | i-Press-Release-Service | i-SoftwareNews.com | iT-NewsWire.Com
| i-TravelNewsWire.Com | MoneyNewsWire.Net | Movie-Stars-News.Com | MSNewsWire.Net | PharmaNewsWire.Com | Publishing-NewsWire.Com | RSSNewsWire.Net | Telecom-NewsWire.Net | Transportation-News.Com | USGovernment-News.Com | WebPosters.Net | Wireless-NewsWire.Com | VoIPNewsWire.Net | XSportsWorld.Net
EnergyIndustry.Net is a Energy news service of GroupWeb Media LLC