Global solar farm automation market, Propel by rising demands of Renewable Energy, Expected to grow at a CAGR of 17.03% during the period 2016-2020: ResearchMoz

The solar tracker segment in solar farm automation market was valued at close to USD 3.85 billion in 2015. Market demand for solar trackers has risen following a dip in prices and high device efficiency, among other factors. In 2015, the first solar farm began with a capacity of 52.5-MW began in Jordan, a project that is expected to be completed by 2016. This will be the first time that First Solar will use a tracker on a solar farm in Jordan. The product is likely to increase energy generation by 20% compared to fixed solar panels. In 2015, First Solar and Apple signed a deal for a 130-MW California Flats Solar Project worth more than USD 800 million. The deal included the supply of fixed tilt and single-axis trackers.

APAC region to emerge as the highest investor in the solar tracker market during the forecast period. China, Japan, India, and Australia have the top 10 largest solar PV installations currently.

The DCS segment in solar farm automation market was valued at close to USD 607 million in 2015. This segment is sub-categorized into conventional power and renewable energy (comprising hydro, wind, and solar). The renewable energy sub-segment accounted for 18% of the overall DCS segment in the global power automation market in 2015. In this sub-segment, the revenue generated from the DCS used in the solar plants was the largest in 2015.

Major international vendors contributed to the growth of the DCS segment in the global solar farm automation market worldwide by extending their product support to some of the major private and public projects. Researchers anticipate a further increase in the demand for DCS from developing countries during the forecast period. The demand for DCS should remain high as multiple solar projects are lined up in developing countries. The table below depicts solar power contracts in the developing countries, wherein DCS will be adopted across the solar farms.

The SCADA segment in solar farm automation market was valued at close to USD 405.8 million in 2015. The growth of SCADA systems in the global solar farm automation market is driven by high demand from developed and developing countries.

The development of new and advanced SCADA also contributes to the segment’s growth in the global solar farm automation market. In 2015, Siemens launched a new SCADA-based software solution named Spectrum Power 7 Microgrid Management System. Many similar product developments are expected to buoy the growth of this market until 2020.

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