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Solar Array Disconnect Switches Market Size to Grow by USD 3.16 billion | Technavio – PR Newswire

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NEW YORK, May 31, 2022 /PRNewswire/ — The solar array disconnect switches market will be driven by factors such as increasing investments in renewable energy, according to an analyst at Technavio. The global energy mix has changed significantly over the last two decades. Improvements in energy efficiency have played a key role in balancing the supply of and demand for energy. The competitive cost of electricity production and low carbon emissions from renewable sources have led to a rise in investments in renewable energy across the world. Various European countries, such as Norway, Iceland, and Sweden, rely on renewable sources for more than half of their total annual power demand due to the implementation of stringent emission norms. The increased focus on renewable energy sources is leading to investments in the energy industry, which will drive the growth of the market.
The solar array disconnect switches market size is expected to grow by USD 3.16 billion from 2021 to 2026. Moreover, the growth momentum of the market will accelerate at a CAGR of 16.55% during the forecast period.
Find more insights into market dynamics of the solar array disconnect switches market. View a Sample Report
Solar Array Disconnect Switches Market: Segmentation Analysis
Segmentation by Application:
Segmentation by Geography:
For more information related to the contribution of each segment of the solar array disconnect switches market, Request a Sample Report Now
Solar Array Disconnect Switches Market: Major Vendors
The solar array disconnect switches market is concentrated, and the vendors are deploying growth strategies such as mergers and acquisitions and collaboration to compete in the market. The report offers detailed information on the competencies, capacities, and products offered by major vendors, including ABB Ltd., Bentek Corp., Bremas Ersce Spa, Eaton Corp. Plc, Mersen Corporate Services SAS, MidNite Solar Inc., ProJoy Electric Co. Ltd., Salzer Electronics Ltd., Santon International BV, Schneider Electric SE, Siemens AG, SOCOMEC Group, and SUNTREE Electric Group Co. Ltd., among others.
For more details about key vendors in the solar array disconnect switches market and their offerings, View our Sample Report
Related Reports:
Battery Monitoring Systems Market by End-user and Geography – Forecast and Analysis 2022-2026
Solar Cable Systems Market by Application and Geography – Forecast and Analysis 2022-2026
Solar Array Disconnect Switches Market Scope
Report Coverage
Details
Page number
120
Base year
2021
Forecast period
2022-2026
Growth momentum & CAGR
Accelerate at a CAGR of 16.55%
Market growth 2022-2026
USD 3.16 billion
Market structure
Concentrated
YoY growth (%)
16.0
Regional analysis
APAC, Europe, North America, South America, and Middle East and Africa
Performing market contribution
APAC at 56%
Key consumer countries
US, China, Vietnam, Japan, and Australia
Competitive landscape
Leading companies, Competitive strategies, Consumer engagement scope
Key companies profiled
ABB Ltd., Bentek Corp., Bremas Ersce Spa, Eaton Corp. Plc, Mersen Corporate Services SAS, MidNite Solar Inc., ProJoy Electric Co. Ltd., Salzer Electronics Ltd., Santon International BV, Schneider Electric SE, Siemens AG, SOCOMEC Group, and SUNTREE Electric Group Co. Ltd.
Market dynamics
Parent market analysis, Market growth inducers and obstacles, Fast-growing and slow-growing segment analysis, COVID 19 impact and recovery analysis and future consumer dynamics, Market condition analysis for the forecast period
Customization purview
If our report has not included the data that you are looking for, you can reach out to our analysts and get segments customized.
Table of Contents
1 Executive Summary
2 Market Landscape
3 Market Sizing
4 Five Forces Analysis
5 Market Segmentation by Application
6 Customer Landscape
7 Geographic Landscape
8 Drivers, Challenges, and Trends
9 Vendor Landscape
10 Vendor Analysis
11 Appendix
About Technavio
Technavio is a leading global technology research and advisory company. Their research and analysis focuses 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.
Contacts
Technavio Research
Jesse Maida
Media & Marketing Executive
US: +1 844 364 1100
UK: +44 203 893 3200
Email: [email protected]
Website: www.technavio.com/
SOURCE Technavio
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