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The North America smart solar market is expected to grow at 15.97% CAGR over the forecast period of 2018-2026. By the end of these projected years, the market is anticipated to account for the highest revenue share. Quick growth in the solar energy utilization, increase in the electricity charges and the concept of green and smart cities adoption are the key drivers for the North America smart solar market.
The North America smart solar market is segmented on the basis of application, device and services, industry sector, solutions, and geography. The market by geography is bifurcated into the United States and Canada. Compliance with regulation is the factor responsible for the growth of the smart solar market in the North American region. At present, the United States dominates the market with a maximum share. However, the Canadian market is anticipated to rise with the highest CAGR over the forecast period. Increasing investments in solar energy, the high adoption rate of solar PV, and increasing electricity tariff prices are factors augmenting the market demand in this region.
The major companies that are mentioned in the smart solar market report are ABB, First Solar, ItronInc, Schneider Electric, Sensus USA Inc, Siemens, SolarCity, SunPower, Sunnova, Vivint Solar, Echelon, GE Power, Landis+gyr AG, Silver Spring Networks Inc, and Urban Green Energy (UGE) International.