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Research Report Analysis Containerized Solar Generators Market is Expected to Grow 7.3% CAGR By 2017
The global containerized solar generators market will touch a valuation of US$570.9 mn by 2025 end expanding at a healthy 7.3% CAGR during the forecast period

BriefingWire.com, 11/14/2017 - The global containerized solar generators market is witnessing a sustained growth primarily due to the ecological benefits of electricity produced by renewable sources. The increasing demand for clean energy and government investments for the development of renewable energy are positively influencing the global containerized solar generators market.

Factors such as increasing cost of electricity produced by conventional fuels and dropping rate of solar power are accentuating the market’s growth. Energy companies worldwide are increasingly switching from exhaustible energy resources to renewable resources for power generation. Apart from this, the compactness and scalability features of containerized solar generators along with reliability of continuous power through solar photovoltaic modules even in bad weather is boosting their uptake.

Despite a number of positive factors, high cost and climate-dependent systems are acting as roadblocks to this market’s growth.

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According to estimates of a report by Transparency Market Research (TMR), the global containerized solar generators market will touch a valuation of US$570.9 mn by 2025 end expanding at a healthy 7.3% CAGR during the forecast period between 2017 and 2025.

Commercial Application Segment to Continue to Report Strong Demand

The global containerized solar generators market is evaluated on the basis of product type, storage capacity, application, and geography in this report. Based on product type, the market is categorized into off grid and grid connected. Of the two, off grid holds a higher revenue share in this market. Going ahead too, the off grid product segment is anticipated to expand at a significant growth rate and account for significant revenue in the global containerized solar generators market. The effectiveness and sustainability of off grid jointly account for the dominance of this product segment. The easy portability and easy installation feature of off grid products further add to their favorable characteristics. On the other hand, grid connected product segment is anticipated to expand at a relatively slower pace on account of its high cost factor.

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North America is another significant market for containerized solar generators. This is mainly because of increasingly switch from conventional fuels derived energy to solar power in the commercial sector.

The report profiles companies that are expected to stay competitive in the global containerized solar generators market through 2025, which include Silicon CPV plc., HCI Energy LLC, PWR Station, Energy Solutions Inc., Ecosphere Technologies Inc., Photon Energy NV, Juwi AG, AMERESCO Inc., Jakson Group, REC Solar Holdings AS, Energy Made Clean, MOBILE SOLAR, Kirchner Solar Group, Intech Clean Energy Pty Ltd, Off Grid Energy Limited, and Renovagen Ltd.

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