Global Distributed Energy Resource Management System MARKET By Others
| Label | Solar PV | Concentrated Solar Power (CSP) |
|---|---|---|
| 2015 | 16684.2 USD Mn | 1523.0 USD Mn |
| 2016 | 20106.9 USD Mn | 1763.6 USD Mn |
| 2017 | 24245.9 USD Mn | 2036.6 USD Mn |
| 2018 | 29294.2 USD Mn | 2357.6 USD Mn |
| 2019 | 35455.6 USD Mn | 2736.5 USD Mn |
| 2020 | 42936.0 USD Mn | 3188.2 USD Mn |
| 2021 | 52235.2 USD Mn | 3714.0 USD Mn |
| 2022 | 63532.0 USD Mn | 4345.5 USD Mn |
| 2023 | 77255.3 USD Mn | 5106.4 USD Mn |
Data Source: Wantstats Repository
Market Dynamics
solar pv segment accounted for the larger market share in 2016, this market is expected to reach USD 77255.30 Million in 2023 from USD 20106.90 Million in 2016. This market is projected to grow at a CAGR of 21.31% during the forecast period from 2017 - 2023. However, solar pv segment is the fastest growing market, which is expected to grow at a CAGR of 21.31% during the forecast period 2017 - 2023.
Research Methodology
Figures reflect Wantstats’ original market research and forecasting models, compiled as part of the Wantstats research archive and published in 2023.
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