Solar PV Balance Of Systems (BOS) Market by Product and Geography - Forecast and Analysis 2020-2024

 

The solar PV balance of systems (BOS) market and it is poised to grow by USD 49.68 bn during 2019-2023. The report offers an up-to-date analysis regarding the current market scenario, latest trends and drivers, and the overall market environment.

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The market is fragmented, and the degree of fragmentation will decelerate during the forecast period. ABB, ALLIED WIRE & CABLE, EATON, Huawei Technologies, SMA Solar Technology, SUNGROW, and UNIRAC are some of the major market participants. To make the most of the opportunities, market vendors should focus more on the growth prospects in the fast-growing segments, while maintaining their positions in the slow-growing segments.

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Investments in renewable energy have been instrumental in driving the growth of the market.

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Solar PV balance of systems (BOS) market 2019-2023: Segmentation

Solar PV balance of systems (BOS) market is segmented as below:

• Product
• Electrical BOS
• Inverter
• Structural BOS
• Geographic Landscape
• The Americas
• APAC
• EMEA

Solar PV balance of systems (BOS) market 2019-2023: Scope

Technavio presents a detailed picture of the market by the way of study, synthesis, and summation of data from multiple sources. The solar PV balance of systems (BOS) market report covers the following areas:

• Solar PV balance of systems (BOS) market Size
• Solar PV balance of systems (BOS) market Trends
• Solar PV balance of systems (BOS) market Industry Analysis

This study identifies advances in inverter technology as one of the prime reasons driving the solar PV balance of systems (BOS) market growth during the next few years.