The top ten technologies in the global energy & utilities market are advanced batteries, distributed energy generation, next generation smart grids, super fuel cells, thermal energy storage, battery energy management, building integrated photovoltaics, solid state batteries, energy management systems, and bifacial solar.

• Introduction
• Definition / Scope
• Market Overview
• Top technologies & their necessities
  • Advanced Batteries 
  • Distributed Energy Generation
  • Next Gen Smart Grids
  • Super Fuel Cells
  • Thermal Energy Storage
  • Battery Energy Management 
  • Building Integrated Photovoltaics (BIPV)
  • Solid State Batteries 
  • Energy management Systems (EMS)
  • Bifacial Solar

Definition

The energy and utilities sector are comprised of the fossil fuel industry (petroleum products, oil), the electrical power industry, the nuclear power industry, the renewable energy industry, and traditional energy industry (firewood). The energy and utilities market are concerned with the generation, transmission, distribution, and retailing of the electricity, natural gas and water services provision.

Globally, the primary energy consumption is about 583.9 exajoules while the global renewable energy consumption is about 28.98 exajoules. In the context of energy and utilities sector, the focus and investment are shifted towards the adoption of the alternative energy sources to build up the smart infrastructure and digital technologies.

For instance, the share of the renewable power in energy generation is 13.4% and the use of the renewable energy market is expected to grow at a CAGR of 13% over the time horizon of next five years. The global investment in clean energy sector is expected to reach USD 301.7 billion.

The use of advanced technologies such as smart grids, smart meters in this sector is enhancing the operational efficiency of the energy and utilities sector and providing the optimum level of the experience to the customers.

Market Overview

Globally, the energy and utilities analytics market are expected to grow at a CAGR of 16.3% within the time horizon of the year 2021-2026. The market value of the global energy and utilities market is valued at USD 4.3 billion in the year 2025, increased from USD 2 billion in the year 2020.

As per the geographical distribution of the global energy and utilities market is considered, the European region is leading the market accounting for a market share of almost 30% of the total global energy and utilities market. The market value of the global energy and utilities market is followed by Asia-Pacific region, North America, South America, and Middle East African region. The key market players engaged in this global energy and utilities market are Microsoft (US), Eaton (Ireland), IBM (Ireland), SAP (Germany), Intel (US), Siemens (Germany), Oracle (US), SAS Institute (US), etc.

Growing demand for the renewable energy resources, rapid urbanization & industrialization, increasing investment in smart & clean energy, and rising adoption of internet of things devices are the factor driving the growth and development of the global energy and utilities market.

Top Technologies and its necessities in the market

The top technologies adopted in the global energy and utility market are as follows:

• Advanced Batteries
• Distributed Energy Generation
• Next Gen Smart Grids
• Super Fuel Cells
• Thermal Energy Storage
• Battery Energy Management
• Building Integrated Photovoltaics (BIPV)
• Solid State Batteries
• Energy management Systems (EMS)
• Bifacial Solar

Advanced Batteries

Advanced batteries are the bipolar, next generation lithium-ion battery containing silicon as enhancers that are lighter, cheaper, and durable in comparison to the traditional lead batteries. This type of batteries has higher energy density, higher power density, uniform current density and simpler construction. Multiple number of benefits are associated with the use of the advanced batteries and some of them are charging quickly, recyclable, lasts longer, higher power and light in weight. Here, Green Seal technology is used for the popular use of these batteries in a large format. In the context of the United states, huge amount of funding is available for the promotion of the use of the light weight and durable batteries.

The global market for advanced batteries is expected to grow at a CAGR of 8% within the time horizon of 2021-2026. The market value of the global advanced batteries market is expected to value at USD 71 billion in the year 2020, increased form USD 65.8 billion in the year 2019. Its market value will reach USD 121.3 billion by the end of the year 2025. As the regional trend and distribution of the global advanced batteries is considered, the European region is dominating the market accounting for the market share of almost 28% of the total market size of the global advanced batteries market because of the favorable governmental polices for the reducing carbon emissions, use of clean energy, and use of electronic vehicles.

Growing energy storage market, favorable government policies for clean energy, rising renewable energy infrastructure, growing adoption of electronic devices, and growing use of electric vehicles are the major factors driving the growth and development of the global advanced batteries market.

Based on the type of product, the global market is comprised of lithium-ion polymer battery, sodium sulfur battery, sodium metal halide battery, advanced lead acid battery, smart nano battery, and others. Here, the lithium-ion polymer is leading the global advanced batteries market accounting for almost 17% of the global advanced batteries market because of its expanding usage in electronic devices. However, the sodium sulfur battery is expected to grow at the fastest CAGR as it serves the large-scale stationary storage during renewable energy power generation.

Key applications

The advanced batteries are used in the multiple number of sectors for the consumption and storage of the energy. The key applications of the advanced batteries products are consumer electronics, automotive battery, energy storage systems, and industrial battery. Here, the consumer electronics segment is leading the global advanced batteries market accounting for almost 25% of the total global advanced batteries market because of the increasing demand and use of the electronic devices all over the world.

The automotive battery segment is expected to grow at the highest CAGR because of the growing penetration of the usage of advanced batteries in electronic vehicles and rising governmental funding for the deployment of commercial level electronic vehicles. Growing use of the renewable energy power generation equipment such as solar panels, and favorable government policies such as net metering subsidies are promoting the growth of the energy storage systems segment.

The key market players engaged in the global advanced batteries market are GS Yuasa Corporation, Pathion Inc., PolyPlus Battery Company, Oxis Energy, Samsung SDI Co. Ltd, Sion Power Corporation, and Siemens Inc.

The key market players of this global advanced batteries market are focused on the development of the commercially viable manufacturing process of the advanced batteries with a view to reduce the cost of these products and enhance the penetration of the advanced batteries in multiple utilities. Along with this, they are focused on research, development and innovation of technological advancements of advanced batteries to improve its performance, inferior battery price, and longer life. For instance, bipolar construction of advanced batteries is developed to offer fast charging.

Distributed Energy Generation

Distributed energy generation is concerned with the use of the variety of technologies for the generation of the electricity at or near the place where it is to be used. The distributed energy generation is used to serve either residential sector, industrial facility or military bases. This type of energy generation supports the delivery of the clean and reliable power supply to the huge number of customers and assists to reduce the loss of energy through the transmission and distribution lines. The common distributed energy generation are solar photovoltaic panels, small wind turbines, natural gas fired fuel cells, emergency backup generators, combined heat & power systems, etc.

The global distributed energy generation market is expected to grow at a CAGR of 14.6% within the time horizon of 2021-2026. The market value of the global distributed energy generation market is expected to value at USD 250.1 billion in the year 2020, increased form USD 58.90 billion in the year 2019. Its market value will reach USD 648.5 billion by the end of the year 2027.

In the context of the geographical region, the Asia pacific region is leading the global distributed energy generation market accounting for the market share of almost 47% of the total market value of the global distributed energy generation market because of the increasing demand for the energy due to the rising population, and increasing disposable income.

As the country wise market trend of the global distributed energy generation is considered, the USA is leading the market with the market value of USD 74 billion in the year 2019 followed by China, Japan, Canada, and Germany.

Rising need for energy, increasing demand of green energy, high cost associated with grid expansion, low price of the distributed energy generation, and favorable governmental policies are the major factors driving the growth and development of the global distributed energy generation market.

Based on the type of technology, the global distributed energy generation market is comprised of the fuel cells, gas turbines, micro turbines, reciprocating engines, solar PV, and wind. Here, the fuel cells segment is leading the global distributed energy generation market accounting for the market share of almost 366% of the global distributed energy generation market because of its high efficiency, and lower emission levels. This segment is expected to grow at a CAGR of 10.8% within the forecasted time horizon of 2021-2026.

Key applications

The distributed energy generation measures are applied in the residential, commercial and industrial sector. Here, the commercial & industrial is leading the global distributed energy production market accounting for the market share of almost 70% of the total market value of the global distributed energy generation market because of the rising deployment of renewable technologies, energy security, higher resiliency, and higher efficiency.

The key market players engaged in the global distributed energy generation market are Vestas Wind Systems, Capstone Turbine Corporation, Caterpillar, Ballard Power Systems, Doosan Heavy Industries & Construction, Rolls-Royce plc., Suzlon Energy Ltd., etc.

The key market players of this global distributed energy generation market are focused on the research, development, field trials, demonstration projects and innovation of novel technologies with a view to decrease cost and enhance performance.

Next Generation Smart Grids

Next generation smart grids are the network which integrates the information technology system with the existing power grid through the two-way exchange system of information related to electricity between suppliers and consumers in real time. The use of the next generation smart grids is associated with the multiple number of benefits such as provision of high-quality energy, improves energy efficiency and allows self-healing of the network automatically after the power disturbances.

The global market for the next generation smart grids is expected to grow at a CAGR of 12.4% within the time horizon of 2021-2026. The market value of the global next generation smart grids market is expected to value at USD 53.73 billion in the year 2020, increased form USD 47.97 billion in the year 2019. Its market value will reach USD 94.7 billion by the end of the year 2025.

Rise in concerns for environment protection, increase in adoption of smart grid technology, supportive government policies & regulations, and increasing adoption of electric vehicles are the major factors driving the growth and development of the global smart grids market.

Based on the type of solutions, the global next generation smart grid market is comprised of the advanced metering infrastructure, smart grid distribution management, smart grid communications, smart grid network management, substation automation, smart grid security and others. Here,

Key applications

The smart grid system is adopted in the sector of residential, commercial and industrial to develop the integrated information technology system. In the residential sector, the smart grid technology is used to develop the smart zero buildings and communities. It is applied in the commercia and industrial sector to react digitally to the quickly shifting the energy demands of the users.

The key market players engaged in the global smart grid market are ABB, Cisco, General Electric, Honeywell, Eaton, Itron, Oracle, Schneider Electric, Siemens, and Wipro.

The key market players of this global smart grid market are focused on the research, development and establishment of partnership, collaborations, and acquisitions. For instance, ABB collaborated with the India Institute of Technology Roorkee to build and provide a smart power distribution network on its campus in the July 2018.

Super Fuel Cells

Fuel cells are the electrochemical cell which are capable to convert the chemical energy of a fuel and an oxidizing agent into electricity through a pair of redox reactions. It can produce electricity continuously in accordance to the supply of the fuel and oxygen. This type of cells consists of an anode, cathode, and electrolyte to move between the two sides of the fuel cell. The most common type of the super fuel cells are proton-exchange membrane fuel cells, phosphoric acid fuel cell, solid acid fuel cell, alkaline fuel cell, high-temperature fuel cells, and electric storage fuel cells.

The global super fuel cells market is expected to grow at a CAGR of 26.4% within the time horizon of 2021-2026. The market value of the global super cells market is expected to value at USD 263 million in the year 2020, increased form USD 211 million in the year 2019. Its market value will reach USD 848 million by the end of the year 2025.

Increasing investment in fuel cell technology, are the major factors driving the growth and development of the global market. Based on the type of product, the global super cell market is comprised of proton-exchange membrane fuel cells, direct methanol fuel cells, alkaline fuel cells, solid oxide fuel cells, and others.

Key applications

The key applications of the global super fuel cell market are portable, stationary, and transport segment. The end users of this market are fuel cell vehicles, utilities, and defense sector.

The key market players engaged in the global super fuels cells are Ballard Power Systems, Cummins, SFC Energy, Bloom Energy, Plug Power, Fuel cell Energy, Horizon Fuel cell, etc.

The key market players of this global super fuel cells market are focused on the investment for research, development and innovation of technological solutions in the sector of fuel cells market. For instance, the US Department of Energy has announced to invest almost USD 39 million in the fuel cell technology. Along with this, they are concerned with the establishment of the collaboration and partnership with other business entities. For instance, almost 23 countries collaborated to identify and remove administrative barriers for the hydrogen fuel cells deployment in the HyLAW EU project.

Thermal Energy Storage

Thermal energy storage system is the system with widely different technologies that allows the storage of the excess thermal energy for future use at individual process, building, multiuser-building, and another region. The major sources of thermal energy for storage are heat and cold produced from heat pumps. It is one of the important means for balancing high shares of renewable electricity production and integration of electricity and heating sectors cheaply.  The different kinds of thermal energy storage include sensible heat, latent heat, and thermo-chemical heat storage.

The global thermal energy storage market for the is expected to grow at a CAGR of 12.6% within the time horizon of 2020-2025. The market value of the global thermal energy storage market is expected to value at USD 4.9 billion in the year 2020, increased form USD 4.38 billion in the year 2019. Its market value will reach USD 6.91 billion by the end of the year 2025. Based on geography, the European region is leading the global thermal energy storage market accounting for a market share of almost 30.1% of the total market value of the global thermal energy storage market because of the availability of the large number of thermal energy storage systems in the region.

Rising preferences towards renewable energy generation, rising demand for thermal energy storage system, increasing commercialization of CSP plants, and growing need for enhanced energy efficiency are the major factors driving the growth and development of the global market.

Based on the type of product, the global thermal storage market is comprised of sensible heat storage, latent heat storage, and thermochemical heat storage. Here, sensible heat storage is dominating the global thermal energy storage accounting for a market share of 46.2% of the global thermal energy storage market because of the rising demand for solar thermal systems. However, the thermochemical heat storage segment is expected to grow at a fastest CAGR of almost 13.8% within the forecasted time horizon of 2021-2026 because of its capacity to provide the high energy density in comparison to other product types of thermal energy storage system.

Key applications

The major applications of the thermal energy storage system measures are power generation, heating and cooling. Here, the heating and cooling segment is leading the global thermal energy storage market with a market share of almost 35.2% of the total market value of its market. 

As per the end users of the global thermal energy storage market is considered, these systems are used in industrial, utilities, residential and commercial sector for the purpose of the storage of the excess thermal energy. Here, the industrial segment is leading the global thermal energy storage market accounting for a market share of almost 39.7% of the total market value of this market because of the rising expenditure on infrastructure development and the growing adoption of these thermal energy storage system in the industrial sector.

The key market players engaged in the global thermal energy storage market are Bright Source Energy Inc., Abengoa SA, Baltimore Aircoil Company, Terrafore Technologies LLC, and Solar Reserve LLC.

The key market players of this global thermal energy storage market are focused on the inorganic growth ventures as one of their integral part of the strategic expansion. Along with this, they are increasing the funding on research and development activities for the innovation of new technologies. For instance, the Canadian government has updated the commercial energy conservation and efficiency program to offer fund of almost USD 15,000 for the commercial sector energy upgrades.

Battery Energy Management

The battery energy management is the electronic system that manages the rechargeable battery through battery protection, state monitoring, secondary data calculation, controlling and balancing its environment. It is the smart battery package system compositing the functions as state monitoring, energy recovery, thermal management, computation, communication, protection, and optimization. The major types of the battery energy management are centralized, distributed, and modular.

The global battery energy management market is expected to grow at a CAGR of 19% within the time horizon of 2021-2026. The market value of the global battery energy management market is expected to value at USD 5.12 billion in the year 2020, increased form USD 4.30 billion in the year 2019. Its market value will reach USD 12.23 billion by the end of the year 2025. Based on the geographical distribution, the US is leading the global battery energy management market with the market value of almost USD 1.1 billion in the year 2020, which is followed by China, Japan, and Canada. This global battery management market in the context of the United States is expected to grow at a CAGR of 13.8% within the forecasted time horizon of 2021-2026.  

Increasing use of renewable energy, decreasing prices of battery, growing penetration of UPS solutions in the IT & medical industries, favorable government incentives, demand for grid modernization from renewable energies suppliers, and application of the new regulatory policies in the energy sector, are the major factors driving the growth and development of the global battery energy management market.

Based on the type of product, the global market is comprised of lithium battery system, lead acid battery system, nickel-based batteries, flow batteries, and other battery system. Here, lithium-ion battery segment is expected to grow at the highest CAGR of 24.2% within the forecasted time horizon of 2021-2026.

Key applications

The major applications of the global battery energy management market are automotive (electric vehicles, E-bikes, automated guided vehicles), military, telecommunications, renewable energy systems, Uninterrupted power supply, and others (marine, medical devices, etc). Here, the automotive segment is leading the global battery energy management market accounting for a market share of almost 22% of the total market value of global battery energy management market.

The key market players engaged in the global battery energy management market are Leclanche, Lithium Balance, Nuvation Engineering, Eberspaecher, Vecture, Storage battery Systems, and Johnson Matthey.

The key market players of this global battery energy management market are aiming to enhance their market value through differentiated product offerings, brand loyalty programs and increased focus on the research and development activities for the innovation of novel battery energy management measures.  

Building Integrated Photovoltaics

Building integrated photovoltaics are solar power generating materials which are retrofit-integrated into the building after the construction related activities are completed. They used to replace the traditional building materials in the various parts of the building envelope. The application of the building integrated photovoltaics assists to reduce the cost spend on building materials and labor through the provision of onsite power generation, zero emissions, high energy conservation, and optimal shading. The major types of the building integrated photovoltaics products are crystalline silicon solar panels, amorphous crystalline silicon, copper indium gallium selenide, and double glass solar panels.

The global building-integrated photovoltaics market is expected to grow at a CAGR of 20% within the time horizon of 2021-2026. The market value of the global building-integrated photovoltaics market is expected to value at USD 14.35 billion in the year 2020, increased form USD 11.91 billion in the year 2019. Its market value will reach USD 35.71 billion by the end of the year 2025. Based on the geographical distribution of the global building integrated photovoltaics market, the US is leading the market account for the market share of almost 26.9% of the total market value of the global building integrated photovoltaics market. It is followed by the China in which this market is expected to grow at a CAGR of 22.8% within the forecasted time horizon of 2021-2026.

Increasing demand for building integrated photovoltaic materials, growing environmental concerns towards the depleting non-renewable power resources, rapid modernization in the construction & building sector, growing consumer awareness towards the ecological benefits of building integrated photovoltaics and increasing focus on clean energy are the major factors driving the growth and development of the global building integrated photovoltaics market.

Based on the type of product, the global building integrated photovoltaics market is comprised of polycrystalline, thin film, and mounting system. Here, the polycrystalline segment is leading the global building integrated photovoltaics market accounting for the market share of almost 70% of the total global building integrated photovoltaics market. It is followed by mounting system (20%) and thin film (10%).

Key applications

The major applications of the global building integrated photovoltaics market are roof, facades, glass, and others. Here, the roofs segment is leading the global building integrated photovoltaics market accounting for the market share of almost 41% of the total market share of global building integrated photovoltaics market. The end-users of the global building integrated photovoltaics market are commercial, residential, and industrial.

The key market players engaged in the global building integrated photovoltaics market are Ankara Solar AS, Ertex Solartechnik GmbH, Greatcell Solar Limited, Hanergy Holding Group, Onyx Solar Energy, Romang, and Schauten Glass Nederland B.V.

The key market players of this global building integrated market are focused on increasing the research and development activities to improve the efficiency of cells used in the installations of building integrated photovoltaics components.

Solid State batteries

Solid state batteries are the battery technology which uses the solid electrodes and a solid electrolyte such as ceramics, solid polymers. These types of batteries are used in pacemakers, wearable devices, and radio-frequency identification. The major benefits of the soli-state battery are its safety for use and higher energy densities in comparison to the lithium-ion batteries. The major materials used for the production of solid-state batteries are lithium, orthosilicate, glass, and sulfides. The manufacturing of the solid-state batteries is quite high requiring almost USD 100,000 to build a 20 Ah solid-state battery.

The global solid state batteries market for the is expected to grow at a CAGR of 49% within the time horizon of 2021-2026. The market value of the global solid state batteries market is expected to value at USD 191.58 million in the year 2020, increased form USD 128.58 million in the year 2019. Its market value will reach USD 1,407 million by the end of the year 2025.

As the geographical distribution of the global solid state batteries market is considered, the Asia pacific region is leading the global solid state batteries market accounting for the market share of almost 33% of the total market value of the global solid state batteries market because of the increasing deployment of electric vehicles, growing demand for portable devices in the Asia-Pacific countries such as China and India.

Growing adoption of electronic gadgets, increasing adoption of battery energy storage systems, rising deployment of electric vehicles, and rising demand for the solid-state batteries are the major factors driving the growth and development of the global solid state battery market.

Based on the type of product, the global solid state battery market is comprised of the thin film battery and portable battery. Here, the portable battery segment is leading the global solid state battery market accounting for a market share of almost 61.11% of the total market value of the global solid state battery market. However, the thin film battery segment is expected to grow at the highest CAGR of more than 13% within the forecasted time horizon between 2021-2026 because of its wide application base in internet of things and wearable devices.

Key applications

The key applications segments of the global solid-state battery market are consumer & portable electronics, electric vehicles, energy harvesting, wearable & medical devices, and others. Here, consumer & portable electronics segment is dominating the global solid state battery market accounting for the market share of almost 18% of the total market value of the global solid state battery market because of the high demand for the portable electronic devices and rising discretionary expenditures of the people.

The key market players engaged in the global solid state battery market are Samsung SDI Co., Solvay, Cymbet, Robert Bosch GmbH, Toyota Motor, Solid Power, BrightVolt, Excellatron Solid State and Saft.

The key market players of this global solid state battery market are investing in research and development activities to promote the technologies aspects of solid-state cells in order to offer batteries with low cost, longer life and better performance. Along with this, they are focused on the establishment of joint ventures, collaborations, mergers, and acquisitions.  

Energy Management Systems

Energy management system is the integrated system consisting of computer assisted tools that are used by the operators of the electric utility grids to monitor, control and optimize the performance of the transmission system. This type of system allows the organization to collect the real time information on the energy use. The major advantages of the energy management systems are increased productivity and reduced energy cost.

The global energy management systems market is expected to grow at a CAGR of 16.2% within the forecasted time horizon of 2021-2026. The market value of the global energy management systems market is expected to value at USD 9.83 billion in the year 2020, increased form USD 8.48 billion in the year 2019. Its market value will reach USD 20.66 billion by the end of the year 2025.

As per the geographical distribution of the global energy management systems market is considered, the North American region is leading the market accounting for a market share of almost 48% of the total market value of the global energy management systems because of the well-established infrastructure network and widespread adoption of energy management systems in manufacturing, retail, power and other sectors.

Growing use of renewable sources of energy increasing number of reliable information technology platforms, increased demand for the EMS solutions due to rapid growth of retail & healthcare sector are the major factors driving the growth and development of the global energy management systems market.

Based on the type of product, the global energy management system market is comprised of the Industrial Energy Management Systems, Building Energy Management Systems, and Home Energy Management Systems. Here, the Industrial energy management system is leading the global energy management system market with a market share of almost 57% of the total market value of the global energy management system because of its high level of penetration in the industrial sector.

Key applications

The key applications of the global energy management system market are power & energy, telecom & IT, Manufacturing, retail & offices, healthcare, and others. Here, the power & energy segment is leading the market with a market share of almost 41.38% of the total market value of the global energy management system market. The major end users of the global energy management system market are residential and commercial sectors.

The key market players engaged in the global energy management system market are Honeywell Inc., Schneider Electric, Siemens AG, C3 Energy, General Electric Company, Emerson Process management, Daikin Industries, Daintree networks, Jones Sang LaSalle, Gridpoint Inc, etc.

The key market players of this market are enhancing their investment on the research and development activities for the innovation of technological solutions. For instance, Schneider Electric has developed Ecostruxure (IoT-enables platform) to efficiently manage energy in buildings, IT and power infrastructure.

Bifacial Solar

The bifacial solar is the photovoltaic solar that has the capacity to produce the electrical energy from the both surfaces when illuminated. It can absorb the light from rear and front sides through the utilization of the advanced technology in solar modules and cell development. They are compatible with power converting solutions such as string invertors and works best for ground-mount installations. The bifacial solar are widely used for the commercial and utility-scale applications. This type of solar are highly efficient and yields almost 11% more energy in comparison to the standard solar panels.

The global bifacial solar market is expected to grow at a CAGR of 15.26% within the forecasted time horizon of 2021-2026. The global annual installed capacity of bifacial solar market is expected to reach 9,000 MW in the year 2020, increased form 5,000 MW in the year 2019. Its annual installed capacity of bifacial solar market will reach 22,000 MW by the end of the year 2024. As the geographical distribution of the annual installed capacity of bifacial solar is considered, the North American region is leading the global bifacial solar market accounting for the market share of almost 55.55% of the total annual installed capacity of the global bifacial solar market.

Growing need for new technological innovation in the solar industry, reduction in the cost of the energy, are the major factors driving the growth and development of the global bifacial solar market. Based on the type of product, the global bifacial solar market is comprised of framed bifacial module and frameless bifacial module. Here, the framed bifacial segment is leading the global bifacial solar market followed by the frameless bifacial module.

Key applications

The major applications of the global bifacial solar market are residential, commercial and industrial sector. Here, the industrial segment is leading the global bifacial solar market accounting for a market share of more than 23% of the total market value of the global bifacial solar market.

The key market players engaged in the global bifacial solar market are solar, LG Electronics, Mega cell, Neo Solar Power, Panasonic, Prism Solar, PVG Solutions, Solar World, Yingli Green Energy, Longi, Lumos Solar, etc.

The key market players of this global bifacial solar market are focused on the establishment of collaboration, mergers and acquisitions. For instance, Ecoppia (a leading provider of photovoltaic solar robotic solutions) has signed agreement with International energy company to strengthen its presence in the Middle East. Along with this, they are enhancing their investment in research and development activities for the development of the advanced technological solutions.

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• https://www.globenewswire.com/news-release/2020/12/17/2147164/0/en/Global-Building-Integrated-Photovoltaics-Market-2020-to-2025-Industry-Trends-Share-Size-Growth-Opportunity-and-Forecast.html
• https://www.researchandmarkets.com/reports/4778109/global-building-integrated-photovoltaics-market
• https://www.globenewswire.com/news-release/2020/07/15/2062825/0/en/Global-Building-Integrated-Photovoltaics-BiPV-Industry.html
• https://en.wikipedia.org/wiki/Building-integrated_photovoltaics
• https://www.researchgate.net/publication/337111523_COLOURED_BIPV_Market_Research_and_Development_IEA_PVPS_Task_15_Subtask_E/figures?lo=1
• https://www.mordorintelligence.com/industry-reports/building-integrated-photovoltaic-market
• https://www.grandviewresearch.com/press-release/global-building-integrated-photovoltaics-bipv-market
• https://www.grandviewresearch.com/industry-analysis/building-integrated-photovoltaics-bipv-market
• https://www.researchandmarkets.com/reports/4778109/global-building-integrated-photovoltaics-market
• https://www.globenewswire.com/news-release/2020/12/01/2137216/0/en/Solid-State-Battery-Global-Markets.html
• https://www.globenewswire.com/news-release/2021/01/27/2164871/0/en/Global-Solid-State-Batteries-for-Electric-Vehicles-Market-Report-2020-Game-Changing-Solid-state-Batteries-Will-Push-the-Future-Electric-Vehicles-to-the-Next-Level.html
• https://www.alliedmarketresearch.com/solid-state-batteries-market
• https://www.marketsandmarkets.com/Market-Reports/solid-state-battery-market-164577856.html
• https://www.grandviewresearch.com/industry-analysis/solid-state-battery-market
• https://en.wikipedia.org/wiki/Solid-state_battery
• https://www.alliedmarketresearch.com/energy-management-systems-market
• https://www.globenewswire.com/news-release/2020/12/16/2146207/0/en/Energy-Management-Systems-Market-Growth-Trends-Forecasts-2020-2025.html
• https://www.globenewswire.com/news-release/2020/11/23/2131712/0/en/Global-Energy-Management-System-Market-2020-to-2025-Analysis-and-Forecast.html
• https://www.fortunebusinessinsights.com/industry-reports/energy-management-system-market-101167
• https://www.grandviewresearch.com/industry-analysis/energy-management-systems-market
• https://en.wikipedia.org/wiki/Energy_management_system#:~:text=An%20energy%20management%20system%20(EMS,small%20scale%20systems%20like%20microgrids.
• https://www.marketresearchfuture.com/reports/bifacial-solar-market-10149#answer3
• https://www.marketresearchfuture.com/reports/bifacial-solar-market-10149
• https://www.marketdataforecast.com/market-reports/bifacial-solar-market
• https://www.globenewswire.com/news-release/2021/03/04/2186856/0/en/Bifacial-Solar-Market-projected-to-garner-huge-traction-registering-approximately-15-26-CAGR-Market-Research-Future-MRFR.html
• https://en.wikipedia.org/wiki/Bifacial_solar_cells#:~:text=A%20bifacial%20solar%20cell%20(BSC,impinge%20on%20their%20front%20side.&text=The%20vast%20majority%20of%20solar%20cells%20are%20made%20today%20of%20silicon.

Appendix

• UPS= Uninterrupted power supply
• EMS= Energy Management System
• IT= Information Technology
• IoT= Internet of Things
• US= United States
• USD= United States Dollar
• CAGR= Compound Annual Growth Rate