Global Solar Array Disconnect Switches Market 2024-2028
The solar array disconnect switches market is forecasted to grow by USD 10.62 bn during 2023-2028, accelerating at a CAGR of 19.74% during the forecast period. The report on the solar array disconnect switches market provides a holistic analysis, market size and forecast, trends, growth drivers, and challenges, as well as vendor analysis covering around 25 vendors.
The report offers an up-to-date analysis regarding the current market scenario, the latest trends and drivers, and the overall market environment. The market is driven by increasing investments in renewable energy, decreasing component prices, and favorable government regulations.
Technavio's solar array disconnect switches market is segmented as below:
By Application
By End-user
- Residential
- Commercial
- Industrial
By Geographical Landscape
- APAC
- Europe
- North America
- South America
- Middle East and Africa
This study identifies the companies are increasingly focusing on technological advancement as one of the prime reasons driving the solar array disconnect switches market growth during the next few years. Also, increasing adoption of microgrids and increasing popularity of hybrid power projects will lead to sizable demand in the market.
The report on the solar array disconnect switches market covers the following areas:
- Solar array disconnect switches market sizing
- Solar array disconnect switches market forecast
- Solar array disconnect switches market industry analysis
The robust vendor analysis is designed to help clients improve their market position, and in line with this, this report provides a detailed analysis of several leading solar array disconnect switches market vendors that include ABB Ltd., AIMS Power, Aurora Solar Inc., Bentek Corp., Bremas Ersce Spa, Dongguan Slocable Photovoltaic Technology Co. Ltd, Eaton Corp. Plc, GlobalSpec LLC, Mersen Corporate Services SAS, MidNite Solar Inc., Mindian Electric Co. Ltd, ProJoy Electric Co. Ltd., Salzer Electronics Ltd., SanTan Solar, Santon International BV, Schaltbau GmbH Group, Schneider Electric SE, Siemens AG, SOCOMEC Group, and SUNTREE Electric Group Co. Ltd.. Also, the solar array disconnect switches market analysis report includes information on upcoming trends and challenges that will influence market growth. This is to help companies strategize and leverage all forthcoming growth opportunities.
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 an analysis of the key vendors.
The publisher presents a detailed picture of the market by the way of study, synthesis, and summation of data from multiple sources by an analysis of key parameters such as profit, pricing, competition, and promotions. It presents various market facets by identifying the key industry influencers. The data presented is comprehensive, reliable, and a result of extensive research - both primary and secondary. The market research reports provide a complete competitive landscape and an in-depth vendor selection methodology and analysis using qualitative and quantitative research to forecast the accurate market growth.