Zion Market Research Global Solar Power Market, 2016–2024 | страница 3

Solar Power Market
Global Solar Power Market: Growth Factors
Increasing environmental concerns of the greenhouse gas emission gave the global rise to the solar
power market. The growing awareness among population regarding renewable energy benefits
boosted the global market growth. Increasing government spending to encourage renewable energy
generation anticipates contributing towards the market growth in the future. Solar power is gaining
popularity due to its energy source and low maintenance & operation cost. Favorable environmental
regulation is implemented to control greenhouse gas emission which is driving the global solar power
market. The considerable shift in consumer preference towards a clean source of energy has
encouraged the global market significantly. Solar energy is an economical and efficient source of
renewable energy. Unstable fossil fuel prices and depleting resources of the fossil fuel is expected to
further propel the global market growth. Stringent government regulations implemented to control the
usage of coal-generated energy and environmental pollution has triggered the growth of the global
solar power market.
Global Solar Power Market: Segmentation
The global solar power market is classified based on the application as residential, commercial and
industrial. Based on the solution the global market is categorized into asset management, network
monitoring, remote metering, SCADA, meter data management, and analytics. Furthermore, the
global solar power market is fragmented based on the services as demand response and consulting.
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