Solar Electricity Market 2022 Global Size, Share, Growth Analysis And Forecast 2031
Posted by ramacharitbrc on November 18th, 2022
Avail a limited period discount of 33% on our uniquely designed Opportunities and Strategies market research reports. Contact us today and make winning strategies!
The Solar Electricity Global Market Report 2022-31 by The Business Research Company describes and explains the global solar electricity market and covers 2016 to 2021, termed the historic period, and 2022 to 2026, termed the forecast period, along with further forecasts for the period 2026-2031. The report evaluates the market across each region and for the major economies within each region.
The chapter on the impact of COVID-19 gives valuable insights on supply chain disruptions, logistical challenges, and other economic implications of the virus on the market. The chapter also covers markets which have been positively affected by the pandemic.
A key solar electricity market trend:
There is an increased adoption of digitization and artificial intelligence which is likely to cause major disruption in the electricity sector as governments seek to transition away from fossil fuel. This increasing adoption will play a pivotal role in the transition and companies and governments will need to embrace such technologies. For instance, Safari Energy uses artificial intelligence to decide on ideal solar panel placement and accurately calculate system cost and benefits. Elsewhere, in February 2020, the US Department of Energy announced that it would provide approximately .3 million to ten projects which focus on machine-learning solutions and other artificial intelligence for solar applications. This is part of the Solar Energy Technologies Office Fiscal Year 2020 (SETO 2020) funding program. Another example is Raycatch’s Deep Solar™ software which uses state-of-the-art artificial intelligence technology to increase plant ROI. The software provides actionable data to increase energy yield, reduce expenditure and improve ROI.
Top 5 Major Key Players Are:
Table Of Contents
About The Business Research Company:
Like it? Share it!
About the Authorramacharitbrc
Joined: July 1st, 2020
Articles Posted: 1,142
More by this author