Global Solar PV Balance Of Systems (BOS) Market 2024-2028
The solar PV balance of systems (BOS) market is forecasted to grow by USD 32.33 bn during 2023-2028, accelerating at a CAGR of 19.22% during the forecast period. The report on the solar PV balance of systems (BOS) 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, supportive government policies, and advances in thin-film solar PV modules.
Technavio's solar PV balance of systems (BOS) market is segmented as below:
By Product
Structural
Electrical
Inverter
By End-user
Commercial
Industrial
Residential
By Geography
APAC
Europe
North America
South America
Middle East and Africa
This study identifies the advances in inverter technology as one of the prime reasons driving the solar PV balance of systems (BOS) market growth during the next few years. Also, reduction in solar energy costs and increasing development of zero-energy buildings will lead to sizable demand in the market.
The report on the solar PV balance of systems (BOS) market covers the following areas:
Solar PV balance of systems (BOS) market sizing
Solar PV balance of systems (BOS) market forecast
Solar PV balance of systems (BOS) 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 PV balance of systems (BOS) market vendors that include ABB Ltd., Array Technologies Inc., Bentek Corp., Eaton Corp. Plc, First Solar Inc., Golden Concord Holdings Ltd., Huawei Technologies Co. Ltd., Loom Solar Pvt. Ltd., Microtek International Pvt. Ltd., Moser Solar, Prysmian Spa, Renesola Ltd., S and P Global Inc., Schneider Electric SE, SolarEdge Technologies Inc., Sungrow Power Supply Co. Ltd., SunPower Corp., Unirac Inc., GeoTrust Inc., and SMA Solar Technology AG. Also, the solar PV balance of systems (BOS) 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.