Global Solar Based IoT Market Overview:
The Solar based IoT is a mix of rising demand for environmentally friendly power sources and cutting edge digitization technology strategies. The Internet of Things (IoT) is a mechanical pattern that permits all computers and gadgets to connect and cooperate with each other. Solar is the quickest developing environmentally friendly power source on the planet, expanding in overall limit by a normal of 40% consistently. Numerous energy organizations are growing to offer solar-based, which is among the most energy-proficient and rewarding wellsprings of sustainable power available. Digital change with IoT can resolve normal difficulties related to complex energy frameworks and make it far simpler to energy yield. For solar-based energy organizations, introducing an IoT framework will assist with satisfying clients' needs and work on by and large effectiveness.
- Growing developments in technology along with digitization
- Optimum use of IoT makes products more energy and material-efficient
- Increase in the Cyber security issue
- High cost of the technology adoption at the initial level
- Development of technology advancement that is cost-efficient and effective in use
- Reduction of the energy wastage by integration of advanced technology
- High technology maintenance cost
- Government stringent rules and regulations regarding technology advancement
The leading organizations in the market are continuously involved in the research and development activity to generate technology advancement which delivers different solutions to the customers. Also, companies to avail competitive advantage make new strategic partnerships and collaborations to generate technology advancement and deliver quality to the customers.
Some of the key players profiled in the report are Solar Sps. (India), Alta Devices Inc. (United States), Voltaic, Inc. (United States), Sierra Wireless, Inc. (Canada), Sunworks, Inc. (United States), Mahindra Susten Private Limited (India), Cypress Semiconductor Corporation (United States), Ascent Solar Technologies (United States), First Solar (United States) and MiaSole Hi-Tech Corp. (United States). Additionally, following companies can also be profiled that are part of our coverage like Oxford Photovoltaics (United Kingdom), Global Solar (United States), Solar Frontier K.K. (Japan), Hankey Asia (Hong Kong), Next Energy (United States) and Solarmer (United States). Analyst at AMA Research see United States Players to retain maximum share of Global Solar Based IoT market by 2026. Considering Market by By Component, the sub-segment i.e. GSM Boards will boost the Solar Based IoT market.
Latest Market Insights:
On 16 April 2020, Infineon Technologies AG announced the closing of the acquisition of Cypress Semiconductor Corporation. The acquisition offer customers the industry’s most comprehensive portfolio for linking the real with the digital world and shaping digitalization, one of the most important global trends. As a trusted partner for customers and distributors and they are evolving from a leader in components to a leader in system solutions for the automotive, industrial, and IoT markets.
On 18 January 2019, Developers and electronic enthusiasts looking to build remote Internet of Things applications may be interested in a new solar charger launched this week by Voltaic in the form of the LiIon LiFePO4 MPPT. The new solar charger board has been designed to help engineers quickly build efficient charging systems that support a broad range of battery types and solar panel voltages straight out of the box.
What Can be Explored with the Solar Based IoT Market Study
Gain Market Understanding
Identify Growth Opportunities
Analyze and Measure the Global Solar Based IoT Market by Identifying Investment across various Industry Verticals
Understand the Trends that will drive Future Changes in Solar Based IoT
Understand the Competitive Scenario
- Track Right Markets
- Identify the Right Verticals
The top-down and bottom-up approaches are used to estimate and validate the size of the Global Solar Based IoT market.
In order to reach an exhaustive list of functional and relevant players various industry classification standards are closely followed such as NAICS, ICB, SIC to penetrate deep in important geographies by players and a thorough validation test is conducted to reach most relevant players for survey in Solar Based IoT market.
In order to make priority list sorting is done based on revenue generated based on latest reporting with the help of paid databases such as Factiva, Bloomberg etc.
Finally the questionnaire is set and specifically designed to address all the necessities for primary data collection after getting prior appointment by targeting key target audience that includes Technology Suppliers, Solar System Suppliers, Industrial Associations, Government Regulatory Bodies and Technology Research Firms.
This helps us to gather the data related to players revenue, operating cycle and expense, profit along with product or service growth etc.
Almost 70-80% of data is collected through primary medium and further validation is done through various secondary sources that includes Regulators, World Bank, Association, Company Website, SEC filings, OTC BB, USPTO, EPO, Annual reports, press releases etc.
Frequently Asked Questions (FAQ):1. What is the growth rate predicted for the Global Solar Based IoT Market?
The Solar Based IoT market is expected to see a CAGR of % during projected year 2020 to 2026.
2. Who are the top performing companies in Solar Based IoT Market?
Top performing companies in the Global Solar Based IoT market are Solar Sps. (India), Alta Devices Inc. (United States), Voltaic, Inc. (United States), Sierra Wireless, Inc. (Canada), Sunworks, Inc. (United States), Mahindra Susten Private Limited (India), Cypress Semiconductor Corporation (United States), Ascent Solar Technologies (United States), First Solar (United States) and MiaSole Hi-Tech Corp. (United States), to name a few.
3. What trending factors would impact Solar Based IoT Market growth most?
"Growing digitizing and harnessing solar energy are anticipated to simplify industrial processes for end-users and power producers
" is seen as one of major influencing trends for Solar Based IoT Market during projected period 2020-2026.