Global Solar Farm Automation Industry

Global Solar Farm Automation Industry

  • October 2019 •
  • 84 pages •
  • Report ID: 5799685 •
  • Format: PDF
Solar Farm Automation market worldwide is projected to grow by US$120.7 Million, driven by a compounded growth of 6.4%. Distributed control system (DCS), one of the segments analyzed and sized in this study, displays the potential to grow at over 5.8%. The shifting dynamics supporting this growth makes it critical for businesses in this space to keep abreast of the changing pulse of the market. Poised to reach over US$31.8 Million by the year 2025, Distributed control system (DCS) will bring in healthy gains adding significant momentum to global growth.

- Representing the developed world, the United States will maintain a 7.3% growth momentum. Within Europe, which continues to remain an important element in the world economy, Germany will add over US$5.6 Million to the region’s size and clout in the next 5 to 6 years. Over US$5.6 Million worth of projected demand in the region will come from Rest of Europe markets. In Japan, Distributed control system (DCS) will reach a market size of US$1.9 Million by the close of the analysis period. As the world’s second largest economy and the new game changer in global markets, China exhibits the potential to grow at 6.1% over the next couple of years and add approximately US$20.9 Million in terms of addressable opportunity for the picking by aspiring businesses and their astute leaders. Presented in visually rich graphics are these and many more need-to-know quantitative data important in ensuring quality of strategy decisions, be it entry into new markets or allocation of resources within a portfolio. Several macroeconomic factors and internal market forces will shape growth and development of demand patterns in emerging countries in Asia-Pacific. All research viewpoints presented are based on validated engagements from influencers in the market, whose opinions supersede all other research methodologies.

- Competitors identified in this market include, among others, ABB Group; Abengoa Solar SA; AllEarth Renewables; DEGERenergie GmbH & Co. KG; Emerson Electric Company; Energia Ercam S.A.; First Solar, Inc.; General Electric Company; Haosolar Co. Ltd; Heliopower; Honeywell International, Inc.; Mecasolar (Mecanizados Solares S.L.); Mitsubishi Electric Corporation; NEXTracker, Inc.; Rockwell Automation, Inc.; Siemens AG; Trabant Solar Inc.; Yokogawa Electric Corporation