Global Smart Solar Market Report 2019-2026

NAVI MUMBAI, India - Jan. 7, 2020 - PRLog -- Global Smart Solar Market (https://www.bharatbook.com/marketreports/global-smart-solar-market-size-study-by-solution-by-service-by-application-and-regional-forecasts-2019-2026/1938622) Size study, by Solution (Network Monitoring, Meter Data Management, Analytics, SCADA, Remote Metering, Others), by Service (Consulting Services, Demand Response Services, System Integration and Deployment Services, Support and Maintenance Services), by Application (Commercial, Industrial, Residential) and Regional Forecasts 2019-2026

Global Smart Solar Market is valued approximately at USD 9.97 billion in 2018 and is anticipated to grow with a healthy growth rate of more than 15.5% over the forecast period 2019-2026. Smart solar device is the equipment that aids in extracting solar energy offering, better efficiency in devices that use solar energy. This devices aids in minimizing the wastage in energy and utilizes the power in best possible way to make the energy available and improve the efficiency of devices.

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Smart solar maximizes the productivity of the system as a whole, matching supply to time and demand, and more. With smart solar and a grid connection, the solar energy is mainly utilized in reducing the inadequacies of solar panels. Increasing adoption of green energy, growing emergence of smart cities, favorable regulatory compliance and surging investments in the smart grid are the few factors responsible for high CAGR of the market over the forecast period. For instance, in 2015, the Chinese government has committed approximately USD 101 billion to develop and enhance smart grid technology.

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