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: 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:


Electrical BOS

Structural BOS




North America


South America


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
Market Overview
Market Landscape
Market ecosystem

Market characteristics

Value chain analysis
Market Sizing
Market definition

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 condition
Market Segmentation by Product
Market segments

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
Customer landscape
Geographic Landscape
Geographic segmentation

Geographic comparison

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 challenges

Market trends
Vendor Landscape
Vendor landscape

Landscape disruption
Vendor Analysis
Vendors covered

Market positioning of vendors

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.

Unirac Inc.
Scope of the report

Currency conversion rates for US$

Research methodology

List of abbreviations
About Us
Technavio is a leading global technology research and advisory company. Their research and analysis focus on emerging market trends and provides actionable insights to help businesses identify market opportunities and develop effective strategies to optimize their market positions. With over 500 specialized analysts, Technavio’s report library consists of more than 17,000 reports and counting, covering 800 technologies, spanning across 50 countries. Their client base consists of enterprises of all sizes, including more than 100 Fortune 500 companies. This growing client base relies on Technavio’s comprehensive coverage, extensive research, and actionable market insights to identify opportunities in existing and potential markets and assess their competitive positions within changing market scenarios.
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