Power is among the basic necessities for every household. In current times, India is facing an acute power crisis due to coal shortage. Coal stockpiles that generate nearly 70% of India’s electricity have dwindled to their lowest in decades, causing a nationwide power supply crisis. As electricity demand is projected to grow, power shortages could happen more frequently in years to come, if not addressed properly.
So the questions arise: how did India become power deficit, and what is the way forward? How electricity generation and solar power solutions can help ensure a round-the-clock power supply? As we answer these questions, we trace the factors fueling power shortages and identify solutions that are reliable with a shift toward a more sustainable energy system.
Factors contributing to power shortages
Any shortage is a consequence of higher demand and shorter supply. One of the reasons can be improper management of energy regulators in the country. In addition, the early onset of summer, an upswing in temperatures and an increase in economic activities post-pandemic led to an upsurge in electricity demand. A hike in global coal prices also made it financially difficult for the country to import more fuel. Moreover, using solar products in India at home doesn't suffice in meeting demands during peak hours to bridge the production gap.
Solar Power- Towards Power Crisis Solution
Without a doubt, renewable energy is the way to go. Switching to renewable energy sources like Solar energy, Wind, Hydro, and Bioenergy can be used efficiently to avoid future power crises. Solar power is a renewable source of energy and has emerged as a great alternative to non-renewable sources of energy. With the right information and resources at hand, shifting to solar power solutions is a smart choice.
Solar panels are used to generate solar electricity. Solar panels absorb sunlight and convert it into direct current (DC) form of electricity. The DC electricity is transmitted through an inverter, which converts it from DC to alternating current (AC). Alternating current is the standard form of electricity used to run home appliances. Batteries are interconnected with the system to store the power for later use or during outages or at night. However, as we all know, the solar energy system extends beyond its panels. A solar energy system consists of solar panels, solar inverter(s), solar battery and solar accessories.
Solar panels are a critical component of solar power systems, but the battery is an equally important part. Choosing efficient batteries is equally important as buying a good solar panel. Solar batteries come in different technologies, including normal inverter battery, lithium inverter battery, and solar inverter battery.
Types of Solar System
To achieve energy independence, you should select and install a solar system that is most appropriate for your home's needs. There are three types of solar systems, on-grid, off-grid and hybrid solar systems.
An off-grid solar system includes a combination of solar panels and solar inverters, as well as batteries. An on-grid solar system consists of only solar panels and a solar inverter. Unlike off-grid systems, on-grid systems do not have batteries to store excess energy generated during the day. A hybrid solar system combines the benefits of both on-grid and off-grid systems. It provides both the benefits of net metering, a method by which consumers sell their excess power back to the grid, and a battery backup.
Towards A Long-Term Solution
A long-term solution to replacing fossil fuels with renewable sources would be to diversify the energy mix and choose a healthy blend of coal and clean energy sources. However, until a long-term solution is found, it makes sense for the country to rely primarily on domestic coal production and solar power solutions to meet its power demands in the short- to mid-term. Switching to solar is surely the most appropriate, cost-effective way to deal with such a power crisis.
This report studies the global Solar Energy Products market status and forecast, categorizes the global Solar Energy Products market size (value & volume) by manufacturers, type, application, and region.
This report focuses on the top manufacturers in North America, Europe, Japan, China, and other regions (India, Southeast Asia).Download FREE Sample of this Report @ https://www.grandresearchstore.com/report-sample/global-solar-energy-s-2018-300The major manufacturers covered in this reportGCL(CN)LDK(CN)China Jinglong(CN)Yingli Solar(CN)ReneSola(CN)Green Energy Technology(TW)Sornid Hi-Tech(CN)Jinko Solar(CN)Nexolon(KR)LONGI(CN)Trinasolar(CN)Comtec Solar Systems(CN)Targray(CA)Topoint(CN)JYT(CN)Tianwei(CN)Dahai New Energy(CN)SAS(TW)Haitai New Energy(CN)Hareonsolar(CN)Eging PV(CN)Geographically, this report studies the top producers and consumers, focuses on product capacity, production, value, consumption, market share and growth opportunity in these key regions, coveringNorth AmericaEuropeChinaJapanSoutheast AsiaIndiaWe can also provide the customized separate regional or country-level reports, for the following regions:North AmericaUnited StatesCanadaMexicoAsia-PacificChinaIndiaJapanSouth KoreaAustraliaIndonesiaSingaporeRest of Asia-PacificOn the basis of product, this report displays the production, revenue, price, market share and growth rate of each type, primarily split intoMonocrystalline Solar CellsPolycrystalline Silicon Solar CellsAmorphous Silicon Solar CellsOthersOn the basis of the end users/applications, this report focuses on the status and outlook for major applications/end users, consumption (sales), market share and growth rate for each application, includingResidentialCommercialPublic UtilitiesOthersThe study objectives of this report are:To analyze and study the global Solar Energy Products capacity, production, value, consumption, status (2013–2017) and forecast (2018–2025);Focuses on the key Solar Energy Products manufacturers, to study the capacity, production, value, market share and development plans in future.Focuses on the global key manufacturers, to define, describe and analyze the market competition landscape, SWOT analysis.To define, describe and forecast the market by type, application and region.To analyze the global and key regions market potential and advantage, opportunity and challenge, restraints and risks.To identify significant trends and factors driving or inhibiting the market growth.To analyze the opportunities in the market for stakeholders by identifying the high growth segments.To strategically analyze each submarket with respect to individual growth trend and their contribution to the marketTo analyze competitive developments such as expansions, agreements, new product launches, and acquisitions in the marketTo strategically profile the key players and comprehensively analyze their growth strategies.In this study, the years considered to estimate the market size of Solar Energy Products are as follows:History Year: 2013–2017Base Year: 2017Estimated Year: 2018Forecast Year 2018 to 2025For the data information by region, company, type and application, 2017 is considered as the base year.
Whenever data information was unavailable for the base year, the prior year has been considered.Key StakeholdersSolar Energy Products ManufacturersSolar Energy Products Distributors/Traders/WholesalersSolar Energy Products Subcomponent ManufacturersIndustry AssociationDownstream VendorsAvailable CustomizationsWith the given market data, We offers customizations according to the company’s specific needs.
The following customization options are available for the report:Regional and country-level analysis of the Solar Energy Products market, by end-use.Detailed analysis and profiles of additional market players.Get the Complete Report & TOC @ https://www.grandresearchstore.com/energy-and-natural-resources/global-solar-energy-s-2018-300Table of contentGlobal Solar Energy Products Market Research Report 20181 Solar Energy Products Market Overview1.1 Product Overview and Scope of Solar Energy Products1.2 Solar Energy Products Segment by Type (Product Category)1.2.1 Global Solar Energy Products Production and CAGR (%) Comparison by Type (Product Category)(2013–2025)1.2.2 Global Solar Energy Products Production Market Share by Type (Product Category) in 20171.2.3 Monocrystalline Solar Cells1.2.3 Polycrystalline Silicon Solar Cells1.2.5 Amorphous Silicon Solar CellsOthers1.3 Global Solar Energy Products Segment by Application1.3.1 Solar Energy Products Consumption (Sales) Comparison by Application (2013–2025)1.3.2 Residential1.3.3 Commercial1.3.4 Public Utilities1.3.5 Others1.4 Global Solar Energy Products Market by Region (2013–2025)1.4.1 Global Solar Energy Products Market Size (Value) and CAGR (%) Comparison by Region (2013–2025)1.4.2 North America Status and Prospect (2013–2025)1.4.3 Europe Status and Prospect (2013–2025)1.4.4 China Status and Prospect (2013–2025)1.4.5 Japan Status and Prospect (2013–2025)1.4.6 Southeast Asia Status and Prospect (2013–2025)1.4.7 India Status and Prospect (2013–2025)1.5 Global Market Size (Value) of Solar Energy Products (2013–2025)CONTACT US:276 5th Avenue, New York , NY 10001,United StatesInternational: (+1) 646 781 7170 / +91 8087042414Email: [email protected] Us On linkedin :- https://www.linkedin.com/company/grand-research-store/
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In this article, we will talk about the solar market and why is it booming?
So let's start the article, the reason for the booming of the solar market.
There is no one reason.
There are many reasons for increasing the demand for solar products.
As you know people are investing in the solar industry mainly the richest people are investing.
They know that people will transfer from electricity charging to solar charging and the demand for the solar industry will increase that's why the richest man Elon musk said that he will create the solar world in the next twenty years.
