Lewes, DE -- (SBWire) -- 04/07/2017 --Report forecast the global airport solar power market to grow at a CAGR of 6.46% during the period 2017-2021.
Often, air transport is associated with high-energy consumption and emission of greenhouse gasses from aircraft. Nevertheless, airports also contribute to a significant amount of carbon dioxide emissions. Therefore, airports have sought alternate means such as adoption of renewable energy technologies to reduce the emission levels. The most commonly used renewable energy is solar power as other sources like wind require the construction of windmills, which is expensive and dangerous for flights during landing and take-offs.
The report covers the present scenario and the growth prospects of the global airport solar power market for 2017-2021. To calculate the market size, the report calculates taking into account only the energy derived out of sun's radiation and on the basis of two criteria — revenue and volume of photovoltaic (PV) systems.
The market is divided into the following segments based on geography:
- Americas
- APAC
- EMEA
According to the report, one driver in market is availability of large areas of unused land within airports. An airport is usually spread over large areas to accommodate runway for flights. For instance, the Denver International Airport in Colorado, US, Washington Dulles International Airport in Virginia, US, and the Dubai International Airport in the UAE are spread across 33,531 acres, 12,000 acres, 7,200 acres of land, respectively. A significant portion of this widespread area is left unused to provide an unobstructed view for take-off and landing of flights. In addition, the terrace tops of terminals and parking areas are left unused. Such vast lands can be put to use while allowing undisturbed flight operations.
Further, the report states that one challenge in market is high cost of silicon. Globally, an increasing use of PV cells for energy generation has been observed. Installation of renewable energy systems in airports is happening at the latter end of use of solar cells. PV systems and solar cells have already found large-scale applications by governments for lightings of rural areas, street lights and for water heating purposes in apartments and hotels. These uses have contributed to the large-scale consumption of silicon, which is one of the prime elements in the construction of solar panels. Though silicon is the earth's second most common element and contributes to more than 25% of the Earth's extracted element in the solid state, there has been an upward curve with respect to its prices. This, in turn, has led to increasing prices of solar panels and cells.
Global Airport Solar Power Market 2017-2021, has been prepared based on an in-depth market analysis with inputs from industry experts. The report covers the market landscape and its growth prospects over the coming years. The report also includes a discussion of the key vendors operating in this market.
key players in the global airport solar power market: Ameresco, Robert Bosch, Canadian Solar, Gaia Solar, Solar Energy Corporation of India, and SunEdison.
Other Prominent Vendors in the market are: EMMVEE Solar Systems, Indo Solar, Solar Frontier, TECO Energy, and Vikram Solar.
Market driver
- Availability of large areas of unused land within airports.
- For a full, detailed list, view our report
Market challenge
- Glares from PV systems.
- For a full, detailed list, view our report
Market trend
- Achieving appropriate ratio of voltage and energy gap.
- For a full, detailed list, view our report
Key questions answered in this report
- What will the market size be in 2021 and what will the growth rate be?
- What are the key market trends?
- What is driving this market?
- What are the challenges to market growth?
- Who are the key vendors in this market space?
- What are the market opportunities and threats faced by the key vendors?
- What are the strengths and weaknesses of the key vendors?
Spanning over 70 pages and 30 Exhibits "Global Airport Solar Power Market 2017 - 2021" report covers Executive summary, Scope of the report, Market research methodology, Introduction, Market landscape, Patent trends, Market segmentation by product type, Geographical segmentation, Market drivers, Impact of drivers, Market challenges, Impact of drivers and challenges, Market trends, Vendor landscape, Appendix.
For more information Visit at: http://www.marketresearchreports.com/technavio/global-airport-solar-power-market-2017-2021
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