According to ARC’s new Solar Farm Monitoring and Control Systems (SMC) report, the SMC market is poised for strong growth as solar power continues to make huge strides around the world. SMCs are mainly comprised of solar inverters, SCADA, and string monitoring units. Control and monitoring systems are essential for the reliable, efficient, and safe functioning of solar PV farms. Accelerating the deployment of renewable energy combined with deep electrification and increased demand for energy efficiency will pave the way for capacity addition in solar energy. Solar farm control systems suppliers continue to update their product portfolios with better technology that reduces the solar cost of ownership by increasing power conversion efficiency, reducing maintenance costs, reducing downtime with increased reliability and better diagnostics, reducing footprint with compact designs, and improving solar PV operation with comprehensive algorithms and advanced condition monitoring techniques.
"Renewable energy technologies play a critical role in achieving climate goals. Renewables made up 28 percent of global electricity generation in 2019. This is expected to rise to 45 percent by 2040 going by the current rate of growth. By 2025, more than 25 percent of all solar PV systems will also be paired with storage systems compared to less than 5 percent in 2020. The utility and commercial scale market is also realizing the benefits of pairing solar with battery storage, and this has led toward over 24 GW of upcoming and commissioned projects which includes battery storage," according to Eapen Jacob, Market Analyst and key author of ARC's Solar Farm Monitoring and Control Systems Market Research Report.
Solar Farm Monitoring and Control Systems Market Trends
In addition to providing detailed competitive market share data, the report also addresses key market trends as follows:
- Accelerate Deployment of Renewable Energy
- Aggressive Growth Required to Reach Climate Goals
- Battery Storage is Becoming Vital
- Clean-energy Drives by Corporates to Push Commercial Solar
- Growth in Solar is led by Falling Prices
- Help Improve Air Quality
- Rapid Decline in Renewable Energy Costs
Leading Suppliers to the Solar Farm Monitoring and Control Systems Market Identified
In addition to providing specific market data and industry trends, this ARC market research also identifies and positions the leading suppliers to this market and provides and summarizes their relevant offerings. An alphabetical list of key suppliers covered in this analysis includes: Fimer, Ginlog, Huawei Technologies, SMA Solar, Sungrow.
About the Solar Farm Monitoring and Control Systems Research
The Solar Farm Monitoring and Control Systems report explores the current and future market performance and related technology and business trends and identifies leading technology suppliers. This new research is based on ARC’s industry-leading market research database, extensive primary and secondary research, and proprietary economic modelling techniques. The research includes competitive analysis, plus five-year market forecasts by Customer Type, Hardware by Component, Industry, Inverters by Size, Megawatts Installed by World Region, Operator by Type, Revenue Category, Sales Channel, World Region.
This new research is available in a variety of formats to meet the specific research and budgetary requirements of a wide variety of organizations. These include:
Market Intelligence Workbook (Excel Power Pivot): A standard Workbook includes the base year market data and a five-year market forecast. This workbook enables licensed users to freely manipulate the data to make it easier to analyze the latest data for business intelligence and generate custom reports.
Concise Market Analysis Report (PDF): This wide-screen presentation format makes it much easier to find detailed information on a market. This new format provides executives, business unit managers, and other authorized users with immediate access to in-depth market analysis, including analysis associated with every market data chart and figure. Included is an executive-level summary of the current market dynamics, five-year market forecast, and competitive analysis, plus an overview of strategic issues. The PDF is available with a comprehensive set of charts with associated analysis.
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