Solar Farm Automation
Global Solar Farm Automation Market to Reach $342.8 Million by 2027
Amid the COVID-19 crisis, the global market for Solar Farm Automation estimated at US$239.1 Million in the year 2020, is projected to reach a revised size of US$342.8 Million by 2027, growing at a CAGR of 5.3% over the analysis period 2020-2027. Distributed control system (DCS), one of the segments analyzed in the report, is projected to record a 4.8% CAGR and reach US$31.4 Million by the end of the analysis period. After an early analysis of the business implications of the pandemic and its induced economic crisis, growth in the Programmable logic controller (PLC) segment is readjusted to a revised 4.5% CAGR for the next 7-year period.
The U.S. Market is Estimated at $70.5 Million, While China is Forecast to Grow at 4.9% CAGR
The Solar Farm Automation market in the U.S. is estimated at US$70.5 Million in the year 2020. China, the world`s second largest economy, is forecast to reach a projected market size of US$60.4 Million by the year 2027 trailing a CAGR of 4.9% over the analysis period 2020 to 2027. Among the other noteworthy geographic markets are Japan and Canada, each forecast to grow at 5% and 4.2% respectively over the 2020-2027 period. Within Europe, Germany is forecast to grow at approximately 4.3% CAGR.
Solar tracker Segment to Record 5.4% CAGR
In the global Solar tracker segment, USA, Canada, Japan, China and Europe will drive the 5.5% CAGR estimated for this segment. These regional markets accounting for a combined market size of US$142.8 Million in the year 2020 will reach a projected size of US$207.5 Million by the close of the analysis period. China will remain among the fastest growing in this cluster of regional markets. Led by countries such as Australia, India, and South Korea, the market in Asia-Pacific is forecast to reach US$39.4 Million by the year 2027.We bring years of research experience to this 6th edition of our report. The 113-page report presents concise insights into how the pandemic has impacted production and the buy side for 2020 and 2021. A short-term phased recovery by key geography is also addressed.
Competitors identified in this market include, among others,
- ABB Group
- Abengoa Solar SA
- AllEarth Renewables
- DEGERenergie GmbH & Co. KG
- Emerson Electric Company
- Energia Ercam S.A.
- First Solar, Inc.
- General Electric Company
- Haosolar Co. Ltd
- Heliopower
- Honeywell International, Inc.
- Mecasolar (Mecanizados Solares S.L.)
- Mitsubishi Electric Corporation
- NEXTracker, Inc.
- Rockwell Automation, Inc.
- Siemens AG
- Trabant Solar Inc.
- Yokogawa Electric Corporation
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- I. INTRODUCTION, METHODOLOGY & REPORT SCOPE
- II. EXECUTIVE SUMMARY
- 1. MARKET OVERVIEW
- Global Competitor Market Shares
- Solar Farm Automation Competitor Market Share Scenario Worldwide (in %): 2019 & 2025
- Impact of Covid-19 and a Looming Global Recession
- 2. FOCUS ON SELECT PLAYERS
- 3. MARKET TRENDS & DRIVERS
- 4. GLOBAL MARKET PERSPECTIVE
- TABLE 1: Solar Farm Automation Global Market Estimates and Forecasts in US$ Thousand by Region/Country: 2020-2027
- TABLE 2: Solar Farm Automation Market Share Shift across Key Geographies Worldwide: 2020 VS 2027
- TABLE 3: Distributed control system (DCS) (Segment) World Market by Region/Country in US$ Thousand: 2020 to 2027
- TABLE 4: Distributed control system (DCS) (Segment) Market Share Breakdown of Worldwide Sales by Region/Country: 2020 VS 2027
- TABLE 5: Programmable logic controller (PLC) (Segment) Potential Growth Markets Worldwide in US$ Thousand: 2020 to 2027
- TABLE 6: Programmable logic controller (PLC) (Segment) Market Sales Breakdown by Region/Country in Percentage: 2020 VS 2027
- TABLE 7: Solar tracker (Segment) Geographic Market Spread Worldwide in US$ Thousand: 2020 to 2027
- TABLE 8: Solar tracker (Segment) Market Share Distribution in Percentage by Region/Country: 2020 VS 2027
- TABLE 9: Supervisory control and data acquisition (SCADA) (Segment) World Market Estimates and Forecasts by Region/Country in US$ Thousand: 2020 to 2027
- TABLE 10: Supervisory control and data acquisition (SCADA) (Segment) Market Share Breakdown by Region/Country: 2020 VS 2027
- III. MARKET ANALYSIS
- GEOGRAPHIC MARKET ANALYSIS
- UNITED STATES
- Market Facts & Figures
- US Solar Farm Automation Market Share (in %) by Company: 2019 & 2025
- Market Analytics
- TABLE 11: United States Solar Farm Automation Market Estimates and Projections in US$ Thousand by Segment: 2020 to 2027
- TABLE 12: United States Solar Farm Automation Market Share Breakdown by Segment: 2020 VS 2027
- CANADA
- TABLE 13: Canadian Solar Farm Automation Market Estimates and Forecasts in US$ Thousand by Segment: 2020 to 2027
- TABLE 14: Solar Farm Automation Market in Canada: Percentage Share Breakdown of Sales by Segment for 2020 and 2027
- JAPAN
- TABLE 15: Japanese Market for Solar Farm Automation: Annual Sales Estimates and Projections in US$ Thousand by Segment for the Period 2020-2027
- TABLE 16: Japanese Solar Farm Automation Market Share Analysis by Segment: 2020 VS 2027
- CHINA
- TABLE 17: Chinese Solar Farm Automation Market Growth Prospects in US$ Thousand by Segment for the Period 2020-2027
- TABLE 18: Chinese Solar Farm Automation Market by Segment: Percentage Breakdown of Sales for 2020 and 2027
- EUROPE
- Market Facts & Figures
- European Solar Farm Automation Market: Competitor Market Share Scenario (in %) for 2019 & 2025
- Market Analytics
- TABLE 19: European Solar Farm Automation Market Demand Scenario in US$ Thousand by Region/Country: 2018-2025
- TABLE 20: European Solar Farm Automation Market Share Shift by Region/Country: 2020 VS 2027
- TABLE 21: European Solar Farm Automation Market Estimates and Forecasts in US$ Thousand by Segment: 2020-2027
- TABLE 22: European Solar Farm Automation Market Share Breakdown by Segment: 2020 VS 2027
- FRANCE
- TABLE 23: Solar Farm Automation Market in France by Segment: Estimates and Projections in US$ Thousand for the Period 2020-2027
- TABLE 24: French Solar Farm Automation Market Share Analysis by Segment: 2020 VS 2027
- GERMANY
- TABLE 25: Solar Farm Automation Market in Germany: Recent Past, Current and Future Analysis in US$ Thousand by Segment for the Period 2020-2027
- TABLE 26: German Solar Farm Automation Market Share Breakdown by Segment: 2020 VS 2027
- ITALY
- TABLE 27: Italian Solar Farm Automation Market Growth Prospects in US$ Thousand by Segment for the Period 2020-2027
- TABLE 28: Italian Solar Farm Automation Market by Segment: Percentage Breakdown of Sales for 2020 and 2027
- UNITED KINGDOM
- TABLE 29: United Kingdom Market for Solar Farm Automation: Annual Sales Estimates and Projections in US$ Thousand by Segment for the Period 2020-2027
- TABLE 30: United Kingdom Solar Farm Automation Market Share Analysis by Segment: 2020 VS 2027
- REST OF EUROPE
- TABLE 31: Rest of Europe Solar Farm Automation Market Estimates and Forecasts in US$ Thousand by Segment: 2020-2027
- TABLE 32: Rest of Europe Solar Farm Automation Market Share Breakdown by Segment: 2020 VS 2027
- ASIA-PACIFIC
- TABLE 33: Solar Farm Automation Market in Asia-Pacific by Segment: Estimates and Projections in US$ Thousand for the Period 2020-2027
- TABLE 34: Asia-Pacific Solar Farm Automation Market Share Analysis by Segment: 2020 VS 2027
- REST OF WORLD
- TABLE 35: Rest of World Solar Farm Automation Market Estimates and Forecasts in US$ Thousand by Segment: 2020 to 2027
- TABLE 36: Solar Farm Automation Market in Rest of World: Percentage Share Breakdown of Sales by Segment for 2020 and 2027
- IV. COMPETITION
- Total Companies Profiled: 43