The Asia Pacific smart solar market growth is expected to prosper at a 17.49% CAGR during the forecast period of 2018-2026. Emerging economies like India, China, Japan, South-Korea, Australia, and the rest of Asia-Pacific are moving towards rapid urbanization and are thus contributing to this region’s growth.
Smart solar systems are used to enhance the functional capabilities of the solar power systems through effective energy monitoring and management. With the growing use of solar energy within the Asia-Pacific region, the market for smart solar systems is expected to grow substantially over the forecast period. By the end of 2026, the highest growth is expected from the India smart solar market. Growing economy and rising number of households in urban cities like Mumbai, Delhi, Kolkata, Chennai, Indore, and Ahmedabad is expected to increase the energy demand in this country, further fueling the smart solar market growth.
Major market players like Urban Green Energy (UGE) International, Siemens, Schneider Electric, ABB, Vivint Solar, Echelon, Sensus USA Inc, Silver Spring Networks Inc, GE Power, Landis+gyr AG, SolarCity and ItronInc are profiled in this report.