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Solar Energy Trends that will Change the Way You Use Solar Energy
The ongoing pandemic has reshaped how we perceive and interact with the world around us. Businesses and economies have faced unprecedented challenges over the past year. Yet, this year marks a promising resurgence across multiple sectors, including solar technology. Industry experts predict that the Indian solar market could expand at an annual rate exceeding 40% from 2020 to 2025. Key drivers behind this growth include declining costs of solar modules and supportive government policies that permit 100% foreign direct investment in the sector.
Let’s delve into some of the solar power trends shaping the future of the industry in 2021:
**Solar Panels Are Regaining Popularity**
Despite a dip in solar panel demand last year, the market is slowly regaining momentum. With businesses and industries reopening, the solar sector is experiencing a gradual uptick in demand. While we might see a consistent rise in orders in the coming months, it could take another year or so for demand to return to pre-pandemic levels.
**Rise of Cloud-Based Solutions**
Many organizations are transitioning to cloud storage due to significant cost savings. This trend is anticipated to persist, creating a strong demand for data centers. Recognizing this opportunity, numerous cloud service providers are emerging. Since many data center companies are committed to using 100% renewable energy, solar manufacturers stand to gain significantly from the growth of these cloud providers.
**Integration of AI and Digitalization**
The widespread adoption of digitalization and artificial intelligence stands out as one of the most prominent solar trends today. Renewable energy generation depends heavily on constant monitoring and routine checks, which can sometimes be daunting. Digitally controlled drones and robots offer a practical solution by addressing these challenges while cutting down on human labor costs.
Machine learning represents another critical trend in the solar industry. Advanced software and processors are enabling businesses to unlock the full potential of this technology within solar operations.
**Emerging Role of Blockchain**
Blockchain technology holds immense potential for recording energy transactions with high transparency and security. This makes it an ideal fit for various industries, including solar. By leveraging blockchain, solar firms can develop innovative products, potentially reducing operational costs, automating processes, and opening new revenue streams.
**Solar-Powered Vehicles**
The rapid adoption of electric vehicles presents both opportunities and challenges. One major hurdle is the lack of sufficient charging infrastructure. However, this shortfall could indirectly benefit the solar sector. Solar technology not only helps mitigate charging-related issues but also addresses environmental concerns tied to traditional fuel-powered vehicles. Manufacturers are increasingly prioritizing eco-friendly solutions, making solar-powered vehicles a growing trend in 2021 and beyond.
**Advancements in Micro-Inverter Technology**
Micro-inverters convert direct current from photovoltaic systems into alternating current. Compared to conventional string inverters, micro-inverters offer greater flexibility and improved yield optimization. Their ability to measure each system's optimal voltage ensures maximum power output, delivering superior efficiency.
These trends collectively suggest a positive shift for solar firms and manufacturers. The future looks bright as the industry continues to innovate and adapt to changing global needs.