The report, now available on ASDReports, recognizes the following companies as the key players in the Global Solar Farm Automation Market: ABB, AllEarth Renewables, DEGER, Emerson Electric, First Solar, and Mecasolar.
Other Prominent Vendors in the market are: Abengoa Solar, Array Technologies, Arzon Solar, Energ?a ERCAM, Frontier Technology, General Electric, GRUPO CLAVIJO ELT, Haosolar, Heliopower, Honeywell International, Mitsubishi Electric, NEXTracker, Rockwell Automation, Siemens, Smarttrak Solar Systems, Trabant Solar, and Yokogawa Electric.
Commenting on the report, an analyst said: “The price of solar farm automation solutions has declined considerably. This has put intense pressure on the profit margin of distributors. Thus, distributors, apart from selling automation equipment and software, are identifying ways to improve contractors’ worth. Distributors are also forming partnerships with contractors on solar projects, including integrated and turnkey solutions. By offering a one-stop shop for project finance and automation equipment and solutions, distributors are strengthening relationships with the contractors. This reduces distributors’ customer acquisition costs, and enhances revenue.”
According to the report, the adoption of solar trackers increases the efficiency of solar farms by 40%-45%. According to AllEarth Renewable, the adoption of company’s dual axis solar tracker produces more than 50% energy compared to fixed solar panels. Similarly, DEGER claims that adoption of its DEGERtracker generates an additional 45% yield compared to fixed PV modules. Mecasolar, the dual axis solar tracker, produces 35% more energy compared to fixed installations.
Further, the report states that high storage costs of solar energy discourage the utilities and non-utilities sectors from investing in solar power farms. This has a direct impact on the growth of the global solar farm automation market.
The study was conducted using an objective combination of primary and secondary information including inputs from key participants in the industry. The report contains a comprehensive market and vendor landscape in addition to a SWOT analysis of the key vendors.
Read more on ASDReports!
Source: ASDReports - Market Research
Date: Mar 31, 2016