Global Solar Industry Equipment Transportation Market Projected to be Worth USD 35.53 Billion by 2021: Technavio

LONDON–(BUSINESS WIRE)–#Research–According to the latest market study released by Technavio,
the global
solar industry equipment transportation market is
projected to grow to USD 35.53 billion by 2021, at a CAGR of more than
7% over the forecast period.

This research report titled ‘Global
Solar Industry Equipment Transportation Market 2017-2021’
provides an in-depth analysis of the market in terms of revenue and
emerging market trends. This market research report also includes up to
date analysis and forecasts for various market segments and all
geographical regions.

This report is available at a USD 1,000 discount for a limited time
only: View
market snapshot before purchasing

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Based on the mode of transportation, the report categorizes the global
solar industry equipment transportation market into the following
segments:

• Road
• Rail
• Sea
• Air

The top three revenue-generating modes of transportation segments in the
global solar industry equipment transportation market are discussed
below:

Road

“The global solar industry equipment transportation market by road
is expected to be worth over USD eight billion by 2021. Road transport
is the more preferred mode of transportation due to factors such as less
idle time, ability to use different routes, cargo safety and tracking,
and last mile delivery,” says Sharan Raj, a lead analyst at
Technavio for transportation
and distribution research.

Advancements, such as ICT, computerized vehicle routing, and active
traffic management are further driving the demand road transport.
Despite the advantages, factors such as the weight of solar equipment,
inability to navigate the components through bridges or tunnels, and
delay in delivery due to longer routes are some of the challenges
vendors are working towards overcoming.

Rail

The global solar industry equipment transportation market by rail is
projected to grow at a moderate period over the forecast period. Rail
transportation offers a structured network in terms of planning and
management, proper scheduling of arrivals and departures, and advanced
signaling systems. Rail transport is also reliable and helps maintain a
fixed schedule.

Rail transportation is often cost effective compared when compared with
road freight since a lower amount of fuel is required to transport a ton
of goods via rail. The type of solar equipment that is carried by rail
transportation includes mid-sized turbines and microinverters, as large
turbines do not fit into the railcars.

Sea

“The global solar industry equipment transportation market by sea
will post the fastest growth rate, with an expected CAGR of close to 8%
during the forecast period. The growth of this market is due to the
increasing demand for low-cost shipping and its impressive cargo
carrying capacity,” says Sharan.

The long-term partnership between the carriers and freight forwarders
enables the shipper to lower the transport costs further. Freight
forwarders provide customers with a wide range of integrated services,
which not only include the usual transport of cargo from source to
destination but also a host of other services such as customs brokerage,
origin consolidation, and destination deconsolidation services.

The top vendors highlighted by Technavio’s research analysts in this
report are:

• DB Schenker
• DHL
• Maersk Line

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About Technavio

Technavio
is a leading global technology research and advisory company. The
company develops over 2000 pieces of research every year, covering more
than 500 technologies across 80 countries. Technavio has about 300
analysts globally who specialize in customized consulting and business
research assignments across the latest leading edge technologies.

Technavio analysts employ primary as well as secondary research
techniques to ascertain the size and vendor landscape in a range of
markets. Analysts obtain information using a combination of bottom-up
and top-down approaches, besides using in-house market modeling tools
and proprietary databases. They corroborate this data with the data
obtained from various market participants and stakeholders across the
value chain, including vendors, service providers, distributors,
resellers, and end-users.

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