The increasing consumption of conventional energy sources such as natural gas and oil products are one of the most prime issues and concern of 21st century. The limited availability of conventional energy sources has raise awareness about using other non-conventional and alternative energy sources. In coming years society is expected to experience an increased preference towards adoption of alternative energy sources such wind, solar and tidal. Solar energy is one of the most abundant and vastly available non-conventional energy sources
Smart solar technology is the improvement on existing solar technology with enhanced functionality of components and ability to synchronize with the currently available systems. It offers improved functionality, operational efficiencies, optimized performance and low maintainability. Smart technology provides optimal utilization of available energy, resources with dramatically lower wastage. It enables components with real time monitoring, analytics and communication efficiency, which enables them to deliver improved operational performance and control. Increasing demands for efficient non-conventional energy management solutions across the globe in both developing and developed regions in coming years, will provide ample opportunity of growth for various smart solar solutions and services providers.
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The smart solar market is segmented on the basis of solutions into network monitoring, remote metering, meter data management, analytics, outage management and Supervisory Control and Data Acquisition (SCADA). Further, on the basis of service the global smart solar market is segmented into consulting services, support and maintenance services, system integration and deployment services and demand response services. The smart solar market is also divided on the basis of application residential and commercial & industrial. The smart solar market...