5:30 | 17.10.2020
Solar PV Balance Of Systems Market Will Showcase Negative Impact During 2020-2024 | Increasing Investments In Renewable Energy to Boost the Market Growth | Technavio
Technavio has been monitoring the solar pv balance of systems market and it is poised to grow by $ 42.17 bn during 2020-2024, progressing at a CAGR of 16% during the forecast period. The report offers an up-to-date analysis regarding the current market scenario, latest trends and drivers, and the overall market environment.
This press release features multimedia. View the full release here: https://www.businesswire.com/news/home/20201016005494/en/Technavio has announced its latest market research report titled Global Solar PV Balance Of Systems (BOS) Market 2020-2024 (Graphic: Business Wire)Technavio’s in-depth research has all your needs covered as our research reports include all foreseeable market scenarios, including pre- & post-COVID-19 analysis. Download Latest Free Sample Report on COVID-19 Analysis
The market is fragmented, and the degree of fragmentation will accelerate during the forecast period. ABB Ltd., Eaton Corp. Plc, Golden Concord Holdings Ltd., Huawei Investment & Holding Co. Ltd., Prysmian Spa, ReneSola Ltd., Schneider Electric SE, SMA Solar Technology AG, Sungrow Power Supply Co. Ltd., and Unirac Inc. are some of the major market participants. To make the most of the opportunities, market vendors should focus more on the growth prospects in the fast-growing segments, while maintaining their positions in the slow-growing segments.
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Increasing investments in renewable energy has been instrumental in driving the growth of the market. However, rising competition from other sources of energy might hamper market growth.
Technavio’s custom research reports offer detailed insights on the impact of COVID-19 at an industry level, a regional level, and subsequent supply chain operations. This customized report will also help clients keep up with new product launches in direct & indirect COVID-19 related markets, upcoming vaccines and pipeline analysis, and significant developments in vendor operations and government regulations. Download a Free Sample Report on COVID-19 Impacts Solar PV Balance Of Systems Market 2020-2024: Segmentation
Solar PV Balance Of Systems Market is segmented as below:
Solar PV Balance Of Systems Market 2020-2024: Scope
Technavio presents a detailed picture of the market by the way of study, synthesis, and summation of data from multiple sources. The solar pv balance of systems market report covers the following areas:
Solar PV Balance Of Systems Market Size
Solar PV Balance Of Systems Market Trends
Solar PV Balance Of Systems Market Industry Analysis
This study identifies as one of the prime reasons driving the Solar PV Balance Of Systems Market growth during the next few years.
Technavio suggests three forecast scenarios (optimistic, probable, and pessimistic) considering the impact of COVID-19. Technavio’s in-depth research has direct and indirect COVID-19 impacted market research reports. Register for a free trial today and gain instant access to 17,000+ market research reports.Technavio’s SUBSCRIPTION platformSolar PV Balance Of Systems Market 2020-2024: Key Highlights
CAGR of the market during the forecast period 2020-2024
Detailed information on factors that will assist solar PV balance of systems market growth during the next five years
Estimation of the solar PV balance of systems market size and its contribution to the parent market
Predictions on upcoming trends and changes in consumer behavior
The growth of the solar PV balance of systems market
Analysis of the market’s competitive landscape and detailed information on vendors
Comprehensive details of factors that will challenge the growth of solar PV balance of systems market, vendors
Table of Contents:Executive Summary
Value chain analysis
Market segment analysis
Market size 2019
Market outlook: Forecast for 2019 – 2024
Five Forces Analysis
Five forces summary
Bargaining power of buyers
Bargaining power of suppliers
Threat of new entrants
Threat of substitutes
Threat of rivalry
Market Segmentation by Product
Comparison by Product
Electrical BOS – Market size and forecast 2019-2024
Structural BOS – Market size and forecast 2019-2024
Inverter – Market size and forecast 2019-2024
Market opportunity by Product
APAC – Market size and forecast 2019-2024
North America – Market size and forecast 2019-2024
Europe – Market size and forecast 2019-2024
South America – Market size and forecast 2019-2024
MEA – Market size and forecast 2019-2024
Key leading countries
Market opportunity by geography
Volume driver – Demand led growth
Market positioning of vendors
Eaton Corp. Plc
Golden Concord Holdings Ltd.
Huawei Investment & Holding Co. Ltd.
Schneider Electric SE
SMA Solar Technology AG
Sungrow Power Supply Co. Ltd.
Scope of the report
Currency conversion rates for US$
List of abbreviations
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View source version on businesswire.com: https://www.businesswire.com/news/home/20201016005494/en/