DUBLIN--(BUSINESS WIRE)--The "Solar Generator Market: Global Industry Trends, Share, Size, Growth, Opportunity and Forecast 2018-2023" report has been added to ResearchAndMarkets.com's offering.
The global solar generator market reached a value of US$ 370 Million in 2017. The market is further projected to reach a value of US$ 525 Million by 2023, registering a CAGR of around 6% during 2018-2023.
Solar generators are economical; require minimal cost investments and fuel for operation; generate zero pollution; and can store energy for future purposes. Owing to these factors, they are increasingly being used for the production and distribution of power across the globe.
One of the primary factors driving the market growth is the increasing shortage of electricity across the globe and the consequent demand for power-backup. Catalysed by population growth and increasing urbanisation levels, the demand of power has been showing an increasing trend over the last few decades.
Moreover, across many regions, there is currently an imbalance between the supply and demand of power, ultimately leading to a power shortage. Solar generators are currently playing an important role in reducing this shortage.
Further, the market is also being influenced by the rising concerns about climatic change that has created an awareness concerning the usage of renewable resources like solar, hydro and wind power.
Moreover, governments across the globe are encouraging investments in renewable resources by providing tax relaxations and incentives. These investments have reduced the prices of solar generators, thereby facilitating the demand.
Key Players Profiled
- Goal Zero
- Sunvis Solar
2 Scope and Methodology
3 Executive Summary
5 Global Solar Generator Market
6 Market Breakup by Grid Connectivity
7 Market Breakup by End-User
8 Market Breakup by Region
9 Solar Generator Manufacturing Process
10 Competitive Landscape
For more information about this report visit https://www.researchandmarkets.com/research/7nspzp/global_solar?w=4