Global Containerized Solar Generators market will reach 580 million US$ by the end of 2025

Publisher: QYResearch
Published Date: 2019/8/28

The global containerized solar generators market is anticipated to grow at a remarkable rate during the predicted period. The scalability and compactness of containerized solar generators are envisaged to increase the demand. In addition, the benefit of uninterrupted power through solar photovoltaic modules, even in harsh climate conditions is expected to propel the demand.

Other factors such as the rising cost of electricity produced using traditional fuels and reducing solar power rate are pushing the growth of the market. Energy manufacturers are promptly switching to renewable sources of energy from exhaustible ones across the globe. This could also stoke the demand in market.

However, the climate dependent system of containerized solar generators and high cost of materials are creating a negative impact on the growth of the global market.

The global Containerized Solar Generators market is valued at 320 million US$ in 2018 is expected to reach 580 million US$ by the end of 2025, growing at a CAGR of 8.0% during 2019-2025.

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