Containerized Solar Generators Market Size, Share and Global Trend By Type (Grid Connected, Off-grid), By Storage Capacity (10-40kWh, 40-80kWh, 80-150kWh, Above 150kWh), By End User (Industrial, Residential, Commercial, Utility) and Regional Forecast, 2024-2032

The rapid growth of the world population along with a robust increase in industrialization tends to increase the demand for energy. The limited ability to supply energy from non-renewable sources like gas, coal, etc. This situation has resulted in the risk of depletion of fossil fuel energy due to over-exploitation and environmental pollution as well as climate change. Therefore, researches across the world continuously trying to find solutions to diversify energy sources for future use and reduce carbon emission and harmful gases from the environment. The containerized solar generators is a compact power unit capable of delivering uninterrupted clean power.

Containerized solar generators help to transform energy from sunlight into electricity. It can transform either directly from photovoltaic or by concentrated solar power or combination of both. Many industries have installed containerized solar generators into their girds to supply alternative energy to conventional energy. It can be deployed very quickly and ready to use in less interval of time. It can work in all weathers which help to provide the uninterrupted power supply. Containerized solar generators can deliver uninterrupted power supply through solar PV modules as well as a battery bank, AC main or DG sets depending on the availability of each source.  

On the basis of type, the global containerized solar generators market can be segmented into off-grid and grid-connected. The off-grid, the segment is expected to dominate the market in the above segmentation. It can be easily transferable, easy to install and safety features which add advantages over grid connection. It has reliable and efficient components that meet the requirement of maximum efficiency. The effectiveness and sustainability feature of off-grid tend to dominate in the market.

On the basis storage capacity, the global containerized solar generators market is segmented into 10-40kWh, 40-80kWh, 80-150kWh and above 150kWh. Among this above 150kWh category is expected to dominate the containerized solar generators market owing to the widespread use of large storage capacity for the commercial purpose.

On the basis of end-user, the global containerized solar generators market is segmented into industrial, residential, commercial and Utility. Commercial segment is expected to dominate the market due to the maximum amount of energy consumption. Owing to an increase in awareness about clean sources of energy and low energy cost associated with solar energy motivate commercial sector to adopt containerized solar generators for power generation. Also, initiatives and subsidies offered by the government for the adoption of clean energy. These are the factors that tend to containerized the solar generators market to grow.

The factor that is expected to drive the growth of the global containerized solar generators market is that it can provide uninterrupted power supply, even in unfavorable climates. The rise in the price of electricity produced by traditional fuel like coal, oil & gas, etc. and more government initiatives like providing subsidies, bank loans and concession in the electric bill for the adoption of solar sources of energy and lower in the price of solar is expected to propel the demand for containerized solar generators. Strict regulation to curb the carbon emission and most of the energy-producing companies switched from traditional energy generation methods to renewable resources of energy generation. Also, energy generated by the help of containerized solar generators emits zero pollution. Owing to this feature most of the energy-producing companies connected the containerized solar generators to the main power grid.

The factor that is expected to restrain the growth of the global containerized solar generators market is it is very slow to charge battery storage. The fuel power generators can able to produce 10 times more power as compare to the containerized solar generators in the same interval of time.

Key Players Covered

Some of the major companies in the global containerized solar generators market are HCI Energy, Silicon CPV, Ameresco, PWRstation, Intech Clean Energy, Off-Grid Europe, REC Solar, GSOL Energy, Jackson Group, Ecosphere Technologies, REDAVIA, Enviroearth, Kirchner Solar, Photon Energy, and Carnegie Clean Energy.

SEGMENTATION 

Regional Analysis

The global containerized solar generators market has been segmented into North America, Europe, Asia Pacific, Latin America, and Middle East & Africa. In the Asia Pacific, an increase in investment for the development of renewable sources of energy and government initiatives like providing subsidies, bank loans and concession in the electric bill for the adoption of solar sources of energy. Also, an increase in awareness about the benefits of the adoption of a clean source of energy, of which solar energy is important. In North America, the strict regulation regarding carbon emission to curb pollution level leads to switch from conventional fuel derived energy like coal, oil & gas, etc. to solar power. In Latin America, the cost of renewable energy technologies has fallen and advancement in technology associated with renewable sources of energy generation. Also, government initiatives to adopt renewable energy and reformation of renewable energy policy which shows the opportunity to tap vast renewable energy potential in the region. Countries like Brazil, Mexico, Argentina are beginning to address diversification efforts in electricity systems from traditional to renewable sources. In Europe, more initiatives have been taken by an organization like the European Union for the adoption of renewable sources of energy to meet long term decarbonization of the energy systems in all the countries. Also, the adoption of electric vehicles quickly reaching commercial maturity and could play a key role in the deployment of larger shares of renewable energy sources. In the Middle East & Africa, investment in renewable energy has been increased across the Middle East. The rapid growth in population and economic development have led to an increase in energy demand.

Key Industry Developments

• In Apr 2019, Prolectric has acquired Solatiner, a solar-powered off-grid generator. The Solatiner can able to deliver 25kw of reliable off-grid power.
• In Mar 2018, The Indian government has set a target of achieving 100GW of solar power out of the total 175GW the country plans to produce from renewable sources. This announcement shows the demand for the containerized solar generator for the area which has a low density of sunlight.
• In Jun 2018, BHEL announced that it has secured two order of worth $18.382 million for setting up a solar photovoltaic power project in Gujrat. The first order for a 20MW plant has been placed by Gujrat Alkalies and Chemical Ltd. and other 10MW power plant has been installed by Gujrat State Fertilizer and Chemicals Ltd.