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TechNavio Says the Global Solar Collector Market Is Expected to Grow at a CAGR of 24.9 Percent from 2014-2019TechNavio has announced the publication of a new market research report on the Global Solar Collector Market, which is expected to grow at a CAGR of 24.9 percent from 2014-2019. About the Report The new report draws attention towards increasing government support in the form of FIT programs, investment tax credits and other tax benefit that support the development of solar collector technology. "Tax incentives will encourage investment in renewable energy generation technologies, and funding will contribute significantly to growth in solar collector installations," says Faisal Ghaus, Vice President of TechNavio The report also highlights the increase in power storage facilities. Batteries and PV inverters have gained popularity in recent years, as energy storage becomes a key issue in the renewable energy sector. "The incorporation of smart grids to solar grid and PV inverters in solar power storage has helped solar collectors transform from a simple power generation collector to the brain and heart of the solar power system," says Ghaus. Several local and regional vendors are providinggood quality solar panels at relatively cheap prices as compared to international vendors, which is also expected to intensify the competition. Key Information Covered in the Report:
TechNavio currently has more than 3000 market research reports on a huge range of topics, including 300+ reports on the solar power market: If you are interested in more information, please contact our media team at [email protected].
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