Global Airport Solar Power Market 2017-2021

Overview of the global airport solar power market

Technavio’s market research analyst foresees that the global airport solar power market will grow at a CAGR of above 6% during the forecast period. Numerous innovations in airport solar power drive the market’s growth prospects. For instance, researchers at the University of Arkansas have developed a solar technology that resembles a capacitor. It consists of a parallel plate of concrete with implanted steel pipes that transmit the heat absorbed by solar panels to the concrete. The concrete stores the heat and later uses the stocked heat to boil water and produce steam or can source it to heat-powered generators such as thermoelectric modules or Stirling engines. Additionally, researchers at University of Illinois also recently developed a disruptive solar technology that can convert carbon dioxide in the atmosphere to hydrocarbon fuel using sunlight. The development of such innovative technologies will subsequently drive the growth of the airport solar power market.

One of the latest trends that will gain traction in the global airport solar power market is achieving the appropriate ratio of voltage and energy gap. Solar cells with small energy gap absorb most photons but generate low voltage, whereas, a cell with a bigger energy gap generating higher energy absorbs lower-energy photons as well. This poses as a major challenge for the commercialization of numerous capable technologies inducing manufacturers to focus on achieving the appropriate ratio. Researchers at Stanford and Oxford have already come up with greater forms of perovskite, an alternate material to replace silicon in solar cells. The technology is focused towards achieving the perfect union between voltage and energy gap, thus increasing the ability to convert sunlight to electricity with an efficiency rate of more than 20%, which in turn, will contribute to the growth of the market.

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Technavio's industry research report titled, - Global Airport Solar Power Market, will help you-

• Identify latent opportunities and explorative solutions in the airport solar power market
• Identify your key competition, and what's making them tick?
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Competitive analysis and key vendors

The presence of the numerous multinational and regional suppliers has made the global airport solar power market a competitive one. Factors such as cost, quality, reliability, and life of the photovoltaic (PV) system play a significant role in the growth of the solar power system manufacturers. Market players in the Americas and EMEA with wide research backgrounds and technological advancements currently lead the market. These major players offer similar product lines and services with options for customization based on customer requirements. To sustain the competition, the existing players have the need to identify and respond to the changing climatic conditions.

Key vendors in the market are: 

• Ameresco
• Robert Bosch
• Canadian Solar
• Gaia Solar
• Solar Energy Corporation of India
• SunEdison

Other prominent players include EMMVEE Solar Systems, Indo Solar, Solar Frontier, TECO Energy, and Vikram Solar.

Segmentation by product type and analysis of the airport solar power market

• Ground-mounted airport solar power systems
• Roof mounted airport solar power systems

During 2016, the ground mounted airport solar power systems led the market with the maximum share. With the increased usage of the vast acres of unused land in airports for installing PV systems, this segment will continue to dominate the market in the coming years as well.

Geographical segmentation and analysis of the airport solar power market  

• Americas
• APAC
• EMEA

In terms of geography, the Americas takes the major share of the market and is foreseen to continue its dominance during the forecast period. The US is the major revenue contributor to the market in this region where the increasing investments in solar power research will be a major factor fueling market growth.

Key questions answered in the report include

• What will the market size and the growth rate be in 2021?
• What are the key factors driving the global airport solar power market?
• What are the key market trends impacting the global airport solar power market?
• What are the challenges to market growth?
• Who are the key vendors in the global airport solar power market?
• What are the market opportunities and threats faced by the vendors in the global airport solar power market?
• Trending factors influencing the market shares of the Americas, APAC, and EMEA.
• What are the key outcomes of the five forces analysis of the global airport solar power market?

Technavio also offers customization on reports based on specific client requirement.

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