Global Solar Industry Equipment Transportation Market Projected to be Worth USD 35.53 Billion by 2021: Technavio

Technavio has published a new report on the global solar industry equipment transportation market from 2017-2021. (Graphic: Business Wire)

???pagination.previous??? ???pagination.next???

LONDON--()--According to the latest market study released by Technavio, the global solar industry equipment transportation market is projected to grow to USD 35.53 billion by 2021, at a CAGR of more than 7% over the forecast period.

This research report titled ‘Global Solar Industry Equipment Transportation Market 2017-2021’ provides an in-depth analysis of the market in terms of revenue and emerging market trends. This market research report also includes up to date analysis and forecasts for various market segments and all geographical regions.

 
The logistics of solar industry equipment involves movement and storage of oversized cargo to aid the large-scale setting up of solar-based power plants at highly inaccessible locations. The solar energy market has been showing impressive growth due to the falling cost of procurement and improving the efficiency of the solar system. This is creating additional demand for solar industry equipment transportation and thereby driving the market growth.

This report is available at a USD 1,000 discount for a limited time only: View market snapshot before purchasing

Buy 1 Technavio report and get the second for 50% off. Buy 2 Technavio reports and get the third for free.

Based on the mode of transportation, the report categorizes the global solar industry equipment transportation market into the following segments:

  • Road
  • Rail
  • Sea
  • Air

The top three revenue-generating modes of transportation segments in the global solar industry equipment transportation market are discussed below:

Road

The global solar industry equipment transportation market by road is expected to be worth over USD eight billion by 2021. Road transport is the more preferred mode of transportation due to factors such as less idle time, ability to use different routes, cargo safety and tracking, and last mile delivery,” says Sharan Raj, a lead analyst at Technavio for transportation and distribution research.

Advancements, such as ICT, computerized vehicle routing, and active traffic management are further driving the demand road transport. Despite the advantages, factors such as the weight of solar equipment, inability to navigate the components through bridges or tunnels, and delay in delivery due to longer routes are some of the challenges vendors are working towards overcoming.

Rail

The global solar industry equipment transportation market by rail is projected to grow at a moderate period over the forecast period. Rail transportation offers a structured network in terms of planning and management, proper scheduling of arrivals and departures, and advanced signaling systems. Rail transport is also reliable and helps maintain a fixed schedule.

Rail transportation is often cost effective compared when compared with road freight since a lower amount of fuel is required to transport a ton of goods via rail. The type of solar equipment that is carried by rail transportation includes mid-sized turbines and microinverters, as large turbines do not fit into the railcars.

Sea

The global solar industry equipment transportation market by sea will post the fastest growth rate, with an expected CAGR of close to 8% during the forecast period. The growth of this market is due to the increasing demand for low-cost shipping and its impressive cargo carrying capacity,” says Sharan.

The long-term partnership between the carriers and freight forwarders enables the shipper to lower the transport costs further. Freight forwarders provide customers with a wide range of integrated services, which not only include the usual transport of cargo from source to destination but also a host of other services such as customs brokerage, origin consolidation, and destination deconsolidation services.

The top vendors highlighted by Technavio’s research analysts in this report are:

  • DB Schenker
  • DHL
  • Maersk Line

Browse Related Reports:

Become a Technavio Insights member and access all three of these reports for a fraction of their original cost. As a Technavio Insights member, you will have immediate access to new reports as they’re published in addition to all 6,000+ existing reports covering segments like logistics, packaging, and tags and labels. This subscription nets you thousands in savings, while staying connected to Technavio’s constant transforming research library, helping you make informed business decisions more efficiently.

About Technavio

Technavio is a leading global technology research and advisory company. The company develops over 2000 pieces of research every year, covering more than 500 technologies across 80 countries. Technavio has about 300 analysts globally who specialize in customized consulting and business research assignments across the latest leading edge technologies.

Technavio analysts employ primary as well as secondary research techniques to ascertain the size and vendor landscape in a range of markets. Analysts obtain information using a combination of bottom-up and top-down approaches, besides using in-house market modeling tools and proprietary databases. They corroborate this data with the data obtained from various market participants and stakeholders across the value chain, including vendors, service providers, distributors, resellers, and end-users.

If you are interested in more information, please contact our media team at media@technavio.com.

Contacts

Technavio Research
Jesse Maida
Media & Marketing Executive
US: +1 630 333 9501
UK: +44 208 123 1770
www.technavio.com

Release Summary

the global solar industry equipment transportation market is projected to grow to USD 35.53 billion by 2021, posting a CAGR of more than 7%.

Contacts

Technavio Research
Jesse Maida
Media & Marketing Executive
US: +1 630 333 9501
UK: +44 208 123 1770
www.technavio.com