Government Initiatives and Reduction in Cost of Solar Lead to Increase Demand for Containerized Solar Generators

Tue, 07 May 2019 4:25

Containerized Solar Generators are used to convert solar energy into electric energy and capable of supplying electricity in remote areas where connecting to an electricity grid is not possible. The Containerized Solar Generators are majorly used in Energy sector for the production of renewable energy which is extensively supported by government and international policies to reduce the global carbon emission and environmental adverse effects. It is also gaining attention for the domestic purpose such as electricity, heating etc., owing to the increasing cost of electricity generated by conventional method and for household it is assumed as one time investment system for long term benefits.

Regional Insights

Asia Pacific is anticipated to upsurge the global containerized solar generators market attributed to government support and decreasing cost of electricity produced by solar system as compare to increasing cost of electricity generated by conventional method and also India has ambitious targets to achieve 225 GW of renewable energy capacity by 2022. For instance according to Ministry of New and renewable energy of India. In Rajasthan, India, recorded low solar tariff ₹ 2.44 (USD 0.036) per unit which will upsurge the demand for containerized solar generators

Europe is expected to propel the growth of global containerized solar generators market owing to reduce CO2 emission and transferring the dependency form non-renewable sources to renewable sources by creating  domestic and industrial plans to use solar energy, for instance, According to the EU Covenant of Mayors for Climate and Energy, EU countries are implementing creative actions plans to reduce the CO2 emissions, such as Solar Urban Mobility, Solar Smart Buildings and Solar Sector - Coupling. This scenario of reducing CO2 emission upsurge the demand for solar energy which in turn escalate the demand for containerized solar generators.

Latin America is expecting notable growth in containerized solar generators market during the forecast period. This growth is attributed to ample natural resources, healthy and supportive government policy.  For instance, Chile ambitiously targeting to generate 70 % of energy through renewable sources by 2050, According to Climatescope.

The Middle East and North Africa are gaining major traction in global containerized solar generators market, on the account of, increasing solar energy capacity and recording low tariff. For instance, in 2017, news published by Climate Action which is a global media and events platform for business, government and public bodies, eight countries in the region have more than 4,050 MW of solar power capacity and 5.7 GW of solar energy capacity in the pipeline, In addition, the United Arab Emirates () is projected to invest USD 163 billion to generate half of the power from renewable sources specially form solar system by 2050.

 Segmental Insights

Global containerized solar generators market is segmented by type, storage capacity, and application.

By type, the containerized solar generators market is segmented into off grid/ hybrid and grid connected. Grid connected containerized solar generators are likely to hold considerable market share in global containerized solar generators market. Cost efficiency, lower equipment and installation cost are driving the product market. Grid connected solar generators can connected to local power grid which enables household to avail most advantageous parts of generating their own electricity which helps them to reduce electricity bill.

By storage capacity, the containerized solar generators market is segmented into 10 – 40 KWH, 40 – 80 KWH, 80 - 150 KWH and More than 150 KWH. 10 - 40 KWH containerized solar generators are expected to gain significant growth in global containerized solar generators market during forecast period. 10 KWH solar system encompasses 30 - 40 panels which makes to usable and easily adoptable for home and small business. Increase in per capita consumption of electricity and high cost of electricity impel homes to adopt 10 - 40 KWH containerized solar generators.

By application, the containerized solar generators market is segmented into household appliances, manufacturing, energy, automotive and others. Automotive industry is expected to be a major consumer of the containerized solar generators owing to emerging technologies in automotive industry, which are majorly focusing on making zero emissions vehicles such as electrical and solar cars and solar generators also installed on the roof of the automotive manufacturing plant such as Europe’s division of general motors Opel installed 10 MW solar plant on roofs of the Spanish production site and in India, Yamaha Chennai plant installed 1450 KW roof top solar power plant in 2018.

Global Containerized Solar Generators Market Segmentation

By Product Type

  • Off Grid/Hybrid
  • Grid Connected
  • Others

By Storage Capacity                                                           

  • 10 – 40 KWH
  • 40 – 80 KWH
  • 80 - 150 KWH
  • More than 150 KWH

By Application

  • Household Appliances
  • Manufacturing
  • Energy
  • Automotive
  • Others

Regions Covered:

  • North America
    • U.S.
    • Canada
    • Mexico
  • Europe
    • UK
    • Germany
    • France
    • Italy
    • Spain
    • Rest of Europe
  • Asia-Pacific
    • China
    • India
    • Japan
    • South Korea
    • Australia
    • Rest of Asia-Pacific
  • Latin America
    • Brazil
    • Argentina
    • Colombia
    • Rest of Latin America
  • MEA
    • Saudi Arabia
    • South Africa
    • Rest of LAMEA