Global Market Research Study provides quantitative and qualitative insights in terms of market size, segmentation, market growth rate, consumer demand and revenue generated by portable solar generator devices. The global portable solar energy market is one of the fastest growing markets in the world today. It is expected to cross the one million mark in 2021.
Global Market Research Study further looks into the reasons behind the fast-paced growth rate of this market. It studies four different market segments - Residential, Commercial, Government and Industrial/Office. Each sub-segment is further broken down into two categories: Market Segment and Price Concentration. For the market segment analysis, the study uses sales figures for each year to come up with a base year value for each market segment. The price concentration is then calculated by dividing the sales by the number of units sold. Get the best uploads from minute man prep on this link.
The next step for the in-depth analysis is to look into the pricing trends across the four market segments. This process is done by Swot Analysis. The basic idea behind swot analysis is that prices are normally derived by dividing the average price by the average sale price for each product. Based on this premise, the term Swot is used to indicate the trend of prices across the market segments.
Based on the data collected from the previous part of the study, the next step is to look into the variation across regions. For the Southeast Asia region, a strong case can be made that there is a consistent upward trend for the residential segment despite the downward trend for the commercial segment. The data also shows that the residential sector has a much higher growth rate than the commercial sector. The South Pacific region, on the other hand, exhibits a downward trend for residential units and an upward trend for commercial units. However, this is only shown by the very weak profit margins for the residential segment. Learn more about this service on this page.
The in-depth analysis now looks into the four major players in the market. Based on the government's own data, the major players in the residential segment are POSI-Tec, Trane, Heilsa and Synergy Asia. When looking at the major players in the commercial segment, things do not look good for POSI-Tec. The data shows that the company lost almost 70% of its market share over the past five years.
Based on the data gathered by the in-depth swot analysis, it is concluded that the price war between the different players in the industry has affected the costumers of the world.
The major players were affected by the price war because they had to reduce their prices to retain customers. In this case, the price war affected the profit margins for many companies. government added a USD million onto the tariffs for POSI-Tec, which is a major player in the residential sector, to offset the loss incurred to the company. This caused the price gap between the two segments to widen, making it difficult for smaller players to enter into the market. You can get more enlightened on this topic by reading here: https://en.wikipedia.org/wiki/Solar_power.