Solar PV Balance of System Market Trends, Business Overview, Industry Growth and Forecast to 2022-2028

The Solar PV Balance of System Market size is expected to grow at an annual average of CAGR 15% during the forecast period (2022-2028). Solar PV Balance of System is a component, excluding modules that moves the energy produced by solar panels through a conversion system that generates electricity. In general, solar PV system balancing factors are the factors that control cost, increase efficiency and modernize solar PV system. There are three broad sections of PV power systems: stand-alone, grid-connected and solar-powered satellites. A standalone system is not connected to the power grid, is independent and has some backup system. No maintenance or regular fuel required. In the grid-connected method, the load is supplied directly from the photovoltaic array when sunlight is sufficient, and the load is supplied from the grid when there is not enough sunlight.

The following segmentation are covered in this report:

By Product

• Electrical BOS
• Structural BOS
• Inverter

Company Profile

• ABB Ltd.
• Eaton Corp. Plc
• Golden Concord Holdings Ltd.
• Huawei Investment & Holding Co. Ltd.
• Prysmian Spa
• ReneSola Ltd.
• Schneider Electric SE
• SMA Solar Technology AG
• Sungrow Power Supply Co. Ltd.
• Unirac Inc.

Scope of the report

The research study analyses the Solar PV Balance of System Market industry from 360-degree analysis of the market thoroughly delivering insights into the market for better business decisions, considering multiple aspects some of which are listed below as:

Recent developments

• Market overview and growth analysis
• Import and export overview
• Volume analysis
• Current market trends and future outlook
• Market opportunistic and attractive investment segment

Geographic coverage

• North America market size and/or volume
• Latin America market size and/or volume
• Europe market size and/or volume
• Asia-pacific market size and/or volume
• Rest of the world market size and/or volume

Key Questions Answered by Solar PV Balance of System Market Report

• What was the Solar PV Balance of System Market size in 2022 and 2028; what are the estimated growth trends and market forecast (2022-2028)
• What will be the Solar PV Balance of System Market CAGR of Market during the forecast period (2022-2028)?
• Which segments (product type/applications/end-user) were most attractive for investments in 2022? How these segments are expected to grow during the forecast period (2022-2028).
• Which manufacturer/vendor/players in the Solar PV Balance of System Market was the market leader in 2022?
• Overview on the existing product portfolio, products in the pipeline, and strategic initiatives taken by key vendors in the market.