Global Solar Industry Equipment Transportation Market 2017-2021

Overview of the global solar industry equipment transportation market

Market research analysts at Technavio predict that the global solar industry equipment transportation market will grow steadily at a CAGR of more than 7% by 2021. This market research analysis identifies the investments in the smart energy market as one of the primary factors that will have a positive impact on the growth of this market. The demand for smart energy applications including smart grids and energy efficient buildings is significantly increasing due to the rapid industrialization and the need for low-cost electricity in remote areas. Advanced energy storage technologies and distributed energy generated systems influence the demand of smart solar systems that are integrated with energy storage and smart grid systems. This will influence rapid investments in R&D to enable the adoption of smart energy technologies. As a result, the coming years will witness a rapid growth of the smart energy market. This will in turn, propel the need for the storage and distribution of large and small solar equipment, which will consequently demand the transportation of these equipment.

The market research report identifies the need for rural electrification as one of the key trends behind the growth of the solar industry equipment transportation market. Rural electrification is costly as the investment depends on the distance of the community from the existing main grid, population density, power quality, demand pattern, and various other factors. This induces governments and private communities to use stand-alone systems for decentralized power. Renewable resources such as wind and solar energy are utilized with energy storage systems to reduce the high electricity cost and the dependence on fossil fuel sources. This will in turn, demand the need for the transportation of solar equipment to rural areas, subsequently driving market growth.

Competitive landscape and key vendors

The market is moderately competitive and concentrated with the presence of established and well diversified international vendors. Vendors in the solar industry equipment transportation market mainly compete based on factors such as product differentiation, pricing, price, quality, market presence, and product portfolio. The international vendors in the solar energy transportation market provide a wide range of energy-related equipment transportation and services that can be personalized as per the customer requirements.

The leading vendors in the market are -

• DB Schenker
• DHL
• Maersk Line

The other prominent vendors in the market are Alder Energy Systems, Bolloré Logistics, Global Shipping Services, KBH Production Automation, Logistics Plus, McCollister's Transportation Group, and SSI Logistics.

Segmentation by mode of transport and analysis of the solar industry equipment transportation market

• Rail
• Road
• Air
• Sea

During 2016, the road segment accounted for the major shares of the solar industry equipment transportation market. Benefits of road transportation such as less idle time, the ability to use different routes, cargo safety and tracking, and last mile delivery will drive the growth of this market segment. Additionally, the availability of computerized vehicle routing and active traffic management will also contribute to the growth of the solar energy transportation market in the coming years.

Geographical segmentation and analysis of the solar industry equipment transportation market

• Americas
• APAC
• EMEA

This market study estimates that in terms of geographic regions, the Americas will be the major revenue contributor to the solar energy transportation market throughout the forecast period. This is mainly due to the increased investments in smart solar and smart grid solar systems and the growth in several solar capacities and installations facilitated due to increased grants and subsidies by the government of countries such as the US.

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 solar industry equipment transportation market?
• What are the key market trends impacting the growth of the global solar industry equipment transportation market?
• What are the challenges to market growth?
• Who are the key vendors in the global solar industry equipment transportation market?
• What are the market opportunities and threats faced by the vendors in the global solar industry equipment transportation 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 solar industry equipment transportation market? 

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

The upcoming research report on global solar industry equipment transportation market is an integral part of the transportation and logistics industry. The report is covered under Technavio's transportation and distribution sector and includes an analysis of variables such as market size, growth rate, competitive landscape, and the latest market trends, which serves as a primary decision input tool to the clients for their business decision making.

By considering a broad range of factors such as growth potential, demand-supply shifts, and key drivers, research analysts at Technavio conduct thorough primary and secondary research to accurately predict the growth potential of the market. The report also covers some of the vendors operating in this market, such as Maersk Line (Maersk Group), DB Schenker, DHL, McCollister's Transportation System, and Global Shipping Services.

The upcoming research report on the global solar industry equipment transportation market also considers the growth of similar markets such as the global intelligent transport system market, which is expected to grow at a CAGR of 8% for the forecast period. The upcoming research report on the global solar industry equipment transportation market also analyzes the profit potential, competitive landscape, and technological feasibility of the market. The report also covers related sectors from transportation and logistics industry such as packaging, warehouse and storage, and tags and labels sectors.

Technavio also offers clients the option to customize every report to suit their specific requirements and offers attractive discounts on all upcoming reports and future purchases.