irements of today’s business and customer needs. The introduction of enhanced technologies in components such as smart meters, grid intelligent components is giving boost to the adoption of smart solar components, solutions and services across various verticals such as utility, government and public affairs, healthcare, construction, education and ‘Others’ which includes logistics, and distribution.
The study reports that the global smart solar market is expected to grow from $6.51 billion in 2013 to $15.34 billion by 2018, at an estimated Compound Annual Growth Rate (CAGR) of 18.7% from 2013 to 2018.
The report also draws the competitive landscape of the smart solar market, providing an in-depth comparative analysis of the technological and marketing strategies that the key players are adopting in order to gain an edge over their competitors. The key strategies followed by most companies in the global smart solar market are new technology, customized solutions and acquiring relatively small domain expert players. Some of the major players in this market are GE Energy, Siemens, Schneider Electric, Cooper Industries, Echelon, Itron and SunPower.
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