According to the report published by Allied Market Research, the Asia-Pacific short-term solar radiation forecasting services market generated $165.28 million in 2021, and is estimated to reach $810.82 million by 2031, witnessing a CAGR of 17.6% from 2022 to 2031.
The report offers a detailed analysis of changing market trends, top segments, key investment pockets, value chains, regional landscape, and competitive scenario. The report is a helpful source of information for leading market players, new entrants, investors, and stakeholders in devising strategies for the future and taking steps to strengthen their position in the market.
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The report offers a detailed segmentation of the Asia-Pacific short-term solar radiation forecasting services market based on type, end user industry, and country. The report provides an analysis of each segment and sub-segment with the help of tables and figures. This analysis helps market players, investors, and new entrants in determining the sub-segments to be tapped on to achieve growth in the coming years.
Based on type, the horizontal Irradiance (GHI) segment held the largest share of nearly three-fifths of the Asia-Pacific short-term solar radiation forecasting services market share in 2021, and would rule the roost through 2031. However, the direct normal irradiance segment is estimated to witness the fastest CAGR of 21.0 % during the forecast period. The report also discusses the diffuse horizontal irradiance segment.
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Based on application, the energy and utilities segment was the largest in 2021, accounting for nearly one-third of the Asia-Pacific short-term solar radiation forecasting services market share. However, the transportation segment is set to dominate the global market share over forecast period and is set to witness the fastest CAGR of 25.0% during the forecast period. The report also discusses the aviation, agriculture, media, manufacturing, retail, and others segments.
Based on country, the market in China was the largest in 2021, accounting for nearly one-third of the Asia-Pacific short-term solar radiation forecasting services market share. However, the short-term solar radiation forecasting services market in India is set to register the highest CAGR of 27.8% in 2031 and will dominate the Asia-Pacific short-term solar radiation forecasting services market growth from 2022 to 2031. The report contains other countries including Japan, Taiwan, Thailand, Australia, Vietnam, South Korea, Malaysia, Phillipines, Camnbodia, Singapore, Inodnesia, Cambodia, Hong Kong, and Rest of the Asia-Pacific region.
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Leading players of the Asia-Pacific short-term solar radiation forecasting services market analyzed in the research include Solargis, Alea Business Software S.L., Clean Power Research, LLC, Solcast, AccuWeather, Inc., BKC WeatherSys Pvt. Ltd., Japan Weather Association (JWA), National Remote Sensing Centre, Korea Space Weather Research Center, and Japan Meteorological Corporation.
The report analyzes these key players of the Asia-Pacific short-term solar radiation forecasting services market. These players have adopted various strategies such as expansion, new product launches, partnerships, and others to increase their market penetration and strengthen their position in the industry. The report is helpful in determining the business performance, operating segments, product portfolio, and developments by every market player.
Key Findings of the Study –
- By type, the global horizontal irradiance segment led the Asia-Pacific short-term solar radiation forecasting services industry in terms of revenue in 2021.
- By end user industry, the energy & utilities segment accounted for the highest Asia-pacific short-term solar radiation forecasting services market size in 2021.
- By country, China generated the highest revenue in Asia-Pacific Short-Term solar radiation forecasting services market forecast in 2021.
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Lastly, this report provides market intelligence most comprehensively. The report structure has been kept such that it offers maximum business value. It provides critical insights into the market dynamics and will enable strategic decision-making for the existing market players as well as those willing to enter the market.
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