#Solar Panel Forecast

[karan777]

[poojascmi]

Global Solar Panel Automatic Cleaning Robot Market Is Estimated To Witness High Growth Owing To Increasing Demand for Efficient Cleaning Solutions

The global Solar Panel Automatic Cleaning Robot Market is estimated to be valued at US$ 169.3 Mn in 2020 and is expected to exhibit a CAGR of 11.2% over the forecast period of 2021-2028, as highlighted in a new report published by Coherent Market Insights. A) Market Overview: Solar panel automatic cleaning robots are innovative technological solutions that are designed to clean solar panels and remove dust, dirt, and debris that can hinder their performance. These robots offer several advantages such as increased energy efficiency, improved power generation, reduced maintenance costs, and extended panel lifespan. They are equipped with advanced sensors, brushes, and water jets to provide thorough and effective cleaning without the need for manual intervention. The growing adoption of solar panels for renewable energy generation across various industries is driving the demand for efficient cleaning solutions such as solar panel automatic cleaning robots. B) Market Key Trends: One key trend observed in the Solar Panel Automatic Cleaning Robot Market is the integration of artificial intelligence (AI) and Internet of Things (IoT) technologies. These robots are now equipped with AI algorithms that enable them to autonomously navigate the solar panel arrays, detect areas that require cleaning, and optimize their cleaning patterns. The integration of IoT technology allows for real-time monitoring and control of the cleaning process, providing valuable data on panel performance and maintenance needs. For example, Ecoppia's T4 cleaning robot utilizes AI and cloud-based analytics to optimize cleaning efficiency and reduce water consumption. C) PEST Analysis: - Political: Government policies promoting renewable energy adoption and investment in clean technologies are creating a favorable political environment for the Solar Panel Automatic Cleaning Robot Market. - Economic: The declining cost of solar panels and increasing focus on sustainable energy sources are driving the economic growth of the market. - Social: Growing environmental consciousness and awareness of the benefits of solar energy are fueling the social acceptance and demand for solar panel automatic cleaning robots. - Technological: Advancements in sensor technologies, AI algorithms, and IoT connectivity are driving the technological advancements in the market, enabling more efficient and effective cleaning solutions. D) Key Takeaways: - The Global Solar Panel Automatic Cleaning Robot Market Demand is expected to witness high growth, exhibiting a CAGR of 11.2% over the forecast period, due to increasing demand for efficient cleaning solutions. - Asia-Pacific is expected to be the fastest-growing and dominating region in the market, driven by the rapid adoption of solar panels in countries like China and India. - Key players operating in the global Solar Panel Automatic Cleaning Robot Market include Ecoppia, Solavio Labs Private Limited, SCM, Indisolar Products Private Limited, Bladeranger, INTEGRA GLOBAL CO. LTD, Miraikikai, SolarCleano, SKYROBOT lnc., Taypro Private Limited, Skilancer Solar Private Limited, Nocca Robotics Pvt. Ltd., Infiction Labs Pvt Ltd., SunPower Corporation, Boson Robotics LTD., Serbot AG, Nomadd Desert Solar Solutions, Heliotex LLC., SunBrush mobil GmbH, and Alion Energy. These players are focusing on technological advancements, partnerships, and collaborations to gain a competitive edge in the market. In conclusion, the global Solar Panel Automatic Cleaning Robot Market is experiencing significant growth due to the increasing demand for efficient cleaning solutions for solar panels. The integration of AI and IoT technologies is a key trend driving market growth. The market is projected to expand at a steady pace over the forecast period, with Asia-Pacific emerging as a leading region. Key players in the market are actively investing in research and development to enhance their product offerings and cater to the evolving needs of the market.

[electronalytics]

Solar Panel Recycling Management Market Analysis Key Trends, Growth Opportunities, Challenges, Research, Outlook to 2032

Overview of the Market:

Solar Panel Recycling Management Market Overview: The solar panel recycling management market is an emerging sector within the renewable energy industry. With the increasing deployment of solar photovoltaic (PV) systems, there is a growing need to manage end-of-life solar panels in an environmentally sustainable manner. This market focuses on the collection, processing, and recycling of solar panels to recover valuable materials and reduce waste.

Solar Panel Recycling Market is expected to surpass the value of US$ 1.8 Bn by 2031, expanding at a CAGR of 37.0% during the forecast Period.

Promising Growth and Demand: The solar panel recycling management market has witnessed significant growth in recent years, driven by several factors. Firstly, the lifespan of solar panels is typically around 25 to 30 years, and as older panels reach their end of life, the demand for recycling services increases. Additionally, as the solar industry continues to expand, there is a rising focus on sustainability and circular economy principles, which promotes the responsible management of solar panel waste. Government regulations and policies aimed at reducing electronic waste and promoting recycling also contribute to market growth.

Platform Type: The solar panel recycling management market involves various platform types for collection, processing, and recycling:

Collection and Logistics: This platform type focuses on establishing collection networks and logistical operations to efficiently collect used solar panels from various sources, including residential, commercial, and utility-scale installations. It involves setting up collection centers, transportation, and storage facilities.

Recycling and Processing: This platform type is responsible for the recycling and processing of end-of-life solar panels. It includes the dismantling and separation of different components, such as glass, metals, and semiconductor materials, for further recycling or recovery.

Technology: Several technologies are utilized in the recycling and processing of solar panels:

Mechanical Shredding and Separation: This technology involves the use of mechanical processes to shred solar panels into smaller pieces and separate different materials through techniques such as shredding, grinding, sieving, and magnetic separation.

Thermal Processing: Thermal technologies, such as pyrolysis or thermal depolymerization, utilize heat to break down solar panels into their constituent materials. These processes can recover valuable materials and remove hazardous substances.

Chemical Processes: Chemical treatments, such as leaching and solvent extraction, are used to dissolve and separate specific components from solar panels. This can enable the recovery of valuable materials, such as metals or semiconductor materials.

End User Industry: The solar panel recycling management market serves various stakeholders and end user industries, including:

Solar Industry: Solar panel manufacturers and installers are actively involved in recycling management to ensure responsible end-of-life handling of their products. They collaborate with recycling companies and establish take-back programs to collect and recycle used solar panels.

Waste Management Companies: Waste management companies play a crucial role in the collection, transportation, and processing of end-of-life solar panels. They collaborate with various stakeholders to establish efficient recycling systems and manage the disposal of hazardous waste in compliance with environmental regulations.

Recycling Companies: Specialized recycling companies are engaged in the recycling and recovery of valuable materials from solar panels. They employ innovative technologies to extract materials like glass, metals, and semiconductor components for reuse or repurposing.

Scope:

The solar panel recycling management market has a global scope, as the need for responsible end-of-life management of solar panels exists across regions. The market encompasses various activities, including collection, transportation, processing, and recycling of solar panels. Market statistics, growth projections, and demand may vary across regions due to factors such as regulatory frameworks, market maturity, and the level of solar panel deployment.

The market's scope extends to different stages of the solar panel life cycle, from production and installation to end-of-life management. As the solar industry continues to grow, the demand for efficient and environmentally sustainable recycling management will increase, presenting opportunities for innovation and market development.

In conclusion, the solar panel recycling management market is experiencing promising growth globally. The focus on sustainability, circular economy principles, and government regulations drive the demand for responsible end-of-life management of solar panels. The market serves various stakeholders, including solar industry participants, waste management companies, and recycling firms. As the number of decommissioned solar panels increases, the demand for efficient and environmentally friendly recycling management will continue to rise, providing opportunities for market players in the renewable energy sector and waste management industry.

 We recommend referring our Stringent datalytics firm, industry publications, and websites that specialize in providing market reports. These sources often offer comprehensive analysis, market trends, growth forecasts, competitive landscape, and other valuable insights into this market.

By visiting our website or contacting us directly, you can explore the availability of specific reports related to this market. These reports often require a purchase or subscription, but we provide comprehensive and in-depth information that can be valuable for businesses, investors, and individuals interested in this market.

 “Remember to look for recent reports to ensure you have the most current and relevant information.”

Click Here, To Get Free Sample Report: https://stringentdatalytics.com/sample-request/solar-panel-recycling-management-market/11372/

Market Segmentations:

Global Solar Panel Recycling Management Market: By Company • First Solar • Envaris • REMA PV Systems • Darfon Electronics • Rinovasol • Chaoqiang Silicon Material • Suzhou Shangyunda Electronics • PV Recycling • Silcontel • Cellnex Energy • IG Solar Private Global Solar Panel Recycling Management Market: By Type • Monocrystalline cells • Polycrystalline cells Global Solar Panel Recycling Management Market: By Application • Industrial • Commercial • Utility • Others Global Solar Panel Recycling Management Market: Regional Analysis The regional analysis of the global Solar Panel Recycling Management market provides insights into the market's performance across different regions of the world. The analysis is based on recent and future trends and includes market forecast for the prediction period. The countries covered in the regional analysis of the Solar Panel Recycling Management market report are as follows: North America: The North America region includes the U.S., Canada, and Mexico. The U.S. is the largest market for Solar Panel Recycling Management in this region, followed by Canada and Mexico. The market growth in this region is primarily driven by the presence of key market players and the increasing demand for the product. Europe: The Europe region includes Germany, France, U.K., Russia, Italy, Spain, Turkey, Netherlands, Switzerland, Belgium, and Rest of Europe. Germany is the largest market for Solar Panel Recycling Management in this region, followed by the U.K. and France. The market growth in this region is driven by the increasing demand for the product in the automotive and aerospace sectors. Asia-Pacific: The Asia-Pacific region includes Singapore, Malaysia, Australia, Thailand, Indonesia, Philippines, China, Japan, India, South Korea, and Rest of Asia-Pacific. China is the largest market for Solar Panel Recycling Management in this region, followed by Japan and India. The market growth in this region is driven by the increasing adoption of the product in various end-use industries, such as automotive, aerospace, and construction. Middle East and Africa: The Middle East and Africa region includes Saudi Arabia, U.A.E, South Africa, Egypt, Israel, and Rest of Middle East and Africa. The market growth in this region is driven by the increasing demand for the product in the aerospace and defense sectors. South America: The South America region includes Argentina, Brazil, and Rest of South America. Brazil is the largest market for Solar Panel Recycling Management in this region, followed by Argentina. The market growth in this region is primarily driven by the increasing demand for the product in the automotive sector.

Click Here, To Purchase Premium Report: https://stringentdatalytics.com/purchase/solar-panel-recycling-management-market/11372/?license=single

Reasons to Purchase Solar Panel Recycling Management Market Report:

Informed Decision-Making: A comprehensive market research report provides valuable insights and analysis of the district heating market, including market size, growth trends, competitive landscape, and key drivers and challenges. This information allows businesses to make informed decisions regarding investments, expansion strategies, and product development.

Market Understanding: Research reports offer a deep understanding of the district heating market, including its current state and future prospects. They provide an overview of market dynamics, such as industry trends, regulatory frameworks, and technological advancements, helping businesses identify opportunities and potential risks.

Competitive Analysis: Market research reports often include a competitive analysis, profiling key players in the district heating market. This analysis helps businesses understand their competitors' strategies, market share, and product offerings. It enables companies to benchmark themselves against industry leaders and identify areas for improvement or differentiation.

Market Entry and Expansion: For companies planning to enter the district heating market or expand their existing operations, a market research report provides crucial information about market saturation, customer preferences, and regional dynamics. It helps businesses identify viable market segments, target demographics, and potential growth areas.

Investment Opportunities: Market research reports highlight investment opportunities in the district heating market, such as emerging technologies, untapped regions, or niche markets. This information can assist investors in making informed decisions about capital allocation and portfolio diversification.

Risk Mitigation: By analyzing market trends, customer preferences, and regulatory frameworks, market research reports help businesses identify and mitigate potential risks and challenges. This proactive approach can minimize uncertainties and optimize decision-making processes.

Cost Savings: Investing in a market research report can potentially save businesses time and resources. Rather than conducting extensive primary research or relying on fragmented information sources, a comprehensive report consolidates relevant data, analysis, and insights in one place, making it a cost-effective solution.

Industry Benchmarking: Market research reports provide benchmarks and performance indicators that allow businesses to compare their performance with industry standards. This evaluation helps companies identify areas where they excel or lag behind, facilitating strategic improvements and enhancing their competitive position.

Long-Term Planning: A global market research report offers a forward-looking perspective on the district heating market, including growth projections, emerging trends, and future opportunities. This insight aids businesses in long-term planning, resource allocation, and adapting their strategies to changing market dynamics.

Credibility and Authority: Market research reports are typically prepared by industry experts, analysts, and research firms with in-depth knowledge of the subject matter. Purchasing a reputable report ensures access to reliable and credible information, enhancing decision-making processes and providing confidence to stakeholders.

In general, market research studies offer companies and organisations useful data that can aid in making decisions and maintaining competitiveness in their industry. They can offer a strong basis for decision-making, strategy formulation, and company planning.

About US:

Stringent Datalytics offers both custom and syndicated market research reports. Custom market research reports are tailored to a specific client's needs and requirements. These reports provide unique insights into a particular industry or market segment and can help businesses make informed decisions about their strategies and operations.

Syndicated market research reports, on the other hand, are pre-existing reports that are available for purchase by multiple clients. These reports are often produced on a regular basis, such as annually or quarterly, and cover a broad range of industries and market segments. Syndicated reports provide clients with insights into industry trends, market sizes, and competitive landscapes. By offering both custom and syndicated reports, Stringent Datalytics can provide clients with a range of market research solutions that can be customized to their specific needs

Contact US:

Stringent Datalytics

Contact No -  +1 346 666 6655

Email Id -  sales@stringentdatalytics.com  

Web - https://stringentdatalytics.com/

[coldpenguintaco]

Encapsulants Market: Global Industry Size, Share, Regional Outlook, Segmentation and Opportunity Analysis

Encapsulants are materials that are used to shield and insulate semiconductor devices. They are typically applied in the form of a liquid or paste and cured to form a protective layer around the semiconductor. Encapsulants are used to protect semiconductors from damage caused by environmental factors such as moisture, chemicals, or dust. They also provide electrical insulation and reduce the…

[market-insider]

Solar PV Panels Market 2022 | Thin-Film Technology Emerged As Largest Segment

The global solar PV panels market size is expected to reach USD 286.64 billion by 2030, according to a new report by Grand View Research, Inc. The industry is anticipated to advance at a CAGR of 7.8% from 2022 to 2030. Increasing demand for sustainable carbon-free solar energy along with strict regulations related to climate change prevention are likely to support the growing demand for solar PV panels during the projection period.

The market is primarily driven by the increasing adoption of solar PV panels across the commercial, utility, and residential segments. The demand for solar photovoltaic panels across these sectors is rising due to huge price variance between retail electricity and solar-generated electricity. European countries such as Italy, Germany, and Spain have attained grid parity, with solar power having a lower price when compared with retail power.

Gain deeper insights on the market and receive your free copy with TOC now @: Solar PV Panels Market Report

Germany is a developed economy and a leading market in Europe. Over the past few years, the country invested in unconventional power generation technologies to reduce its reliance on conventional sources such as crude oil, coal, and others, as well as to be energy self-sufficient. Apart from solar panel, other key components include solar inverter and battery. Major solar system parts manufacturers include Tesla, SunPower, and LG Chem. Some manufacturers have forward integrated into the value chain, wherein they provide solar system parts directly to residential end-users along with the required EPC services to deploy solar PV systems.

In Mexico, factors such as approval procedures for solar projects sized from 500kW to 2MW by net metering, along with the government's initiative to expand and promote the domestic PV market, are expected to support market growth. The COVID-19 pandemic has resulted in hindered market growth for solar PV panels in the residential sector, owing to factors such as disruptions in the supply chain resulting in delays in existing projects. Furthermore, demand has declined for solar PV systems in some of the states by residential end-users to sustain during the COVID-19 pandemic.

[todays-xkcd]

The rare compound solar-lunar-nephelogical eclipse

Eclipse Clouds [Explained]

Transcript Under the Cut

[Cueball sits on an office chair at a desk, typing at his laptop.] Cueball: These eclipse weather forecasts are killing me. Laptop: refresh

[Cueball remains at his desk. An off-panel voice from the left speaks.] Off-panel voice: So you really want to see something block out the sun...

[Cueball is still at his desk.] Off-panel voice: ...But not a cloud. It has to be the Moon specifically. Cueball: My tastes are very singular!

[reasonsforhope]

"This year the world will make something like 70bn of these solar cells, the vast majority of them in China, and sandwich them between sheets of glass to make what the industry calls modules but most other people call panels: 60 to 72 cells at a time, typically, for most of the modules which end up on residential roofs, more for those destined for commercial plant. Those panels will provide power to family homes, to local electricity collectives, to specific industrial installations and to large electric grids; they will sit unnoticed on roofs, charmingly outside rural schools, controversially across pristine deserts, prosaically on the balconies of blocks of flats and in almost every other setting imaginable.

Once in place they will sit there for decades, making no noise, emitting no fumes, using no resources, costing almost nothing and generating power. It is the least obtrusive revolution imaginable. But it is a revolution nonetheless.

Over the course of 2023 the world’s solar cells, their panels currently covering less than 10,000 square kilometres, produced about 1,600 terawatt-hours of energy (a terawatt, or 1tw, is a trillion watts). That represented about 6% of the electricity generated world wide, and just over 1% of the world’s primary-energy use. That last figure sounds fairly marginal, though rather less so when you consider that the fossil fuels which provide most of the world’s primary energy are much less efficient. More than half the primary energy in coal and oil ends up as waste heat, rather than electricity or forward motion.

What makes solar energy revolutionary is the rate of growth which brought it to this just-beyond-the-marginal state. Michael Liebreich, a veteran analyst of clean-energy technology and economics, puts it this way:

In 2004, it took the world a whole year to install a gigawatt of solar-power capacity... In 2010, it took a month In 2016, a week. In 2023 there were single days which saw a gigawatt of installation worldwide. Over the course of 2024 analysts at BloombergNEF, a data outfit, expect to see 520-655gw of capacity installed: that’s up to two 2004s a day...

And it shows no signs of stopping, or even slowing down. Buying and installing solar panels is currently the largest single category of investment in electricity generation, according to the International Energy Agency (IEA), an intergovernmental think-tank: it expects $500bn this year, not far short of the sum being put into upstream oil and gas. Installed capacity is doubling every three years. According to the International Solar Energy Society:

Solar power is on track to generate more electricity than all the world’s nuclear power plants in 2026 Than its wind turbines in 2027 Tthan its dams in 2028 Its gas-fired power plants in 2030 And its coal-fired ones in 2032.

In an IEA scenario which provides net-zero carbon-dioxide emissions by the middle of the century, solar energy becomes humankind’s largest source of primary energy—not just electricity—by the 2040s...

Expecting exponentials to carry on is rarely a basis for sober forecasting. At some point either demand or supply faces an unavoidable constraint; a graph which was going up exponentially starts to take on the form of an elongated S. And there is a wide variety of plausible stories about possible constraints...

All real issues. But the past 20 years of solar growth have seen naive extrapolations trounce forecasting soberly informed by such concerns again and again. In 2009, when installed solar capacity worldwide was 23gw, the energy experts at the IEA predicted that in the 20 years to 2030 it would increase to 244gw. It hit that milestone in 2016, when only six of the 20 years had passed. According to Nat Bullard, an energy analyst, over most of the 2010s actual solar installations typically beat the IEA’s five-year forecasts by 235% (see chart). The people who have come closest to predicting what has actually happened have been environmentalists poo-pooed for zealotry and economic illiteracy, such as those at Greenpeace who, also in 2009, predicted 921gw of solar capacity by 2030. Yet even that was an underestimate. The world’s solar capacity hit 1,419gw last year.

-via The Economist, June 20, 2024

--

Note: That graph. Is fucking ridiculous(ly hopeful).

For perspective: the graph shows that in 2023, there were about 350 GW of solar installed. The 5-year prediction from 2023 said that we'd end up around 450 GW by 2030.

We hit over 600 GW in the first half of 2024 alone.

This is what's called an exponential curve. It's a curve that keeps going up at a rate that gets higher and higher with each year.

This, I firmly believe, is a huge part of what is going to let us save the world.

[zvaigzdelasas]

China’s massive rollout of renewable energy is accelerating, its investments in the sector growing so large that international climate watchdogs now expect the country’s greenhouse-gas emissions to peak years earlier than anticipated—possibly as soon as this year[!!!].

China installed 217 gigawatts worth of solar power last year alone, a 55% increase, according to new government data. That is more than 500 million solar panels and well above the total installed solar capacity of the U.S. [...]

Wind-energy installation additions were 76 gigawatts last year, more than the rest of the world combined. That amounted to more than 20,000 new turbines across the country, including the world’s largest, [...]

The low-carbon capacity additions, which also included hydropower and nuclear, were for the first time large enough that their power output could cover the entire annual increase in Chinese electricity demand [!!!!], analysts say. The dynamic suggests that coal-fired generation—which accounts for 70% of overall emissions for the world’s biggest polluter—is set to decline in the years to come, according to the Paris-based International Energy Agency and Lauri Myllyvirta, the Helsinki-based lead analyst at the Centre for Research on Energy and Clean Air.[...]

Its rapid emissions growth long provided fodder for critics who said Beijing wasn’t committed to fighting climate change or supporting the Paris accord, the landmark climate agreement that calls for governments to attempt to limit warming to 1.5 degrees Celsius over preindustrial temperatures. Now, analysts and officials say Beijing’s efforts are lending momentum to the Paris process, which requires governments to draft new emissions plans every five years.

“An early peak would have a lot of symbolic value and send a signal to the world that we’ve turned a corner," said Jan Ivar Korsbakken, a senior researcher at the Oslo-based Center for International Climate and Environmental Research.

In 2020, Chinese leader Xi Jinping pledged that the country’s emissions would begin falling before 2030 and hit net zero before 2060, part of its plan prepared under the Paris accord. He also said China would have 1,200 gigawatts of total solar- and wind-power capacity by the end of this decade. The country is six years ahead of schedule: China reached 1,050 gigawatts of wind and solar capacity at the end of 2023, and the China Electricity Council forecast last month that capacity would top 1,300 gigawatts by the end of this year.[...]

Transition Zero, a U.K.-based nonprofit that uses satellite images to monitor industrial activity and emissions in China, says the official data are “broadly aligned and consistent" with theirs.[...]

[M]oving China’s timeline for an overall emissions peak forward could shave off around 0.3 to 0.4 degrees Celsius of projected global warming if emissions started to decline next decade, analysts say.[...]

The most certain variable in the equation is the breakneck pace of China’s renewable-energy rollout, which analysts expect will continue to add 200 to 300 gigawatts of new wind and solar capacity a year. The investments in renewable energy have become a major driver of the Chinese economy. The country’s clean-energy spending totaled $890 billion last year, up 40%. [...]

The adoption of electric vehicles is happening so rapidly that analysts say peak gasoline demand in China was already reached last year[!!!].

10 Feb 24

[rjzimmerman]

Excerpt from this story from Canary Media:

Solar is becoming predictable in its unpredictability — time and time again, experts have underestimated how much the clean energy source will grow globally. This year is no different.

The price of panels has continued to plummet and their efficiency keeps rising, while deadlines for meeting climate laws creep closer. The result? The world is installing more solar than ever before — at a pace that even many top energy analysts didn’t see coming, according to a new analysis by think tank Ember.

So far this year, 29 percent more solar has been installed than was in the same period last year, per Ember. By the end of 2024, Ember says the world will be on track to reach 593 gigawatts of solar installations — 200 GW more than the International Energy Agency (IEA) predicted at the start of the year. That’s a significant underestimate: Those extra gigawatts alone represent more solar than the entire world built in 2021.

This year’s record-breaking solar installations follow another peak year in 2023, when installations grew by 86 percent over 2022.

[cognitivejustice]

Creating the world’s “greenest” highway in a desert city: URB city design

Bagherian’s concept includes “water-sensitive landscape design” that includes native flora and drought-resistant plants suited to the arid climate, and soil mixed with zeolite, an absorbent crystal that aids water retention.

These “passive techniques” are complemented with smart irrigation technology, he added, “which use real-time data to adjust watering schedules based on soil moisture levels, weather forecasts, and plant needs.”

Smart tech and solar-power

The autonomous solar-powered tram is just one aspect of the proposed highway’s transport system: above the tram line, a network of green areas, parks and overpasses would increase connectivity and walkability of the city, which is currently tough to navigate on foot.

The highway would also integrate smart technology, such as “internet of things” (IoT) sensors, to manage traffic and optimize energy use.

Bagherian’s designs allow for 300-megawatt solar panels and a storage system to be embedded in the tracks, that would power the tram line, as well as generate clean energy for an estimated 130,000 homes.

And the green spaces — including parks and community gardens — would provide space for one million trees, which would also help cool the city and improve air quality.

Source

[exitrowiron]

Nerd Alert Doing the Math

How do retired accountants waste their time? Well, speaking for myself, I like to over-analyze personal investments. When building our house we installed a large solar system. We are concerned about climate change and the ROI calculation from the solar installation company made the investment look attractive. The ROI calc assumed that energy costs would increase 4% per year; at the time I felt that forecast was too aggressive, but even with a lower estimate of electricity rate inflation the investment still made sense based on the amount of power the system was supposed to generate.

Now that a full year has passed I'm able to finally calculate how closely our actual production and savings matches the solar company's estimate and the answer isn't good.

Here's the summary of the comparison; our production and savings are 34% and 36%, respectively, lower than the forecast. That's very disappointing and likely the result of the 3-4 months when our panels are covered in snow. I think it was misleading at best and dishonest at worst to not adjust the estimates for the amount of snowfall our area gets every year.

The more important financial analysis compares the opportunity cost of the original investment $44,638 (net of tax credit)- i.e. what could I earn in a comparable low-risk investment over the same 25 year life of the system? Again, the answer isn't promising. In order for the solar system to save me as much as I could earn in a no-risk 30 year treasury (currently yielding 4%), energy costs have to increase by 3.73% every year for 25 years - I think (hope) that is unlikely.

From a purely financial perspective, unless energy costs in our area skyrocket or we get considerably less snow, I have to conclude that solar systems are not a good investment in our area and would be a terrible investment if not for the tax credit.

Having said all that, I don't regret installing our system because I like to think that we're helping the environment, but solar still has to improve (cost or efficiency) before it is a slam dunk investment everywhere.

[energyandpowertrends]

PV Inverters Market Set to Surge: Global Forecast 2024-2032 Predicts Growth from $12.9B to $47.44B

The PV inverters market Growth is experiencing robust growth, driven by the escalating demand for solar energy solutions globally. Estimated at USD 12.9 billion in 2023, the market is projected to surpass USD 47.44 billion by 2032, exhibiting a remarkable compound annual growth rate (CAGR) of 18.5% during the forecast period from 2024 to 2032. This surge is primarily attributed to the increasing focus on renewable energy adoption, climate change mitigation, and the growing shift towards decarbonization across industries.

Download Sample Pages: https://www.snsinsider.com/sample-request/1336 

A key factor driving this growth is the variety of PV inverter types available, including central, string, and micro inverters, each designed to meet specific power requirements. Central PV inverters, typically used in large-scale solar farms, dominate the utilities sector, while string inverters are favored in both residential and commercial applications for their flexibility and ease of installation. Micro inverters, known for optimizing energy output at the panel level, are gaining traction in the residential sector, particularly in regions where rooftop solar systems are becoming more prevalent.

The market is also categorized by product type, including central, string, micro PV inverters, and others, each contributing significantly to the overall market size. Moreover, advancements in smart grid technology and energy storage systems are expected to boost the integration of PV inverters into energy management systems, improving grid stability and energy efficiency.

Another driving force is the segmentation by application, which covers residential, commercial & industrial, and utility sectors. The residential sector is witnessing rapid growth due to declining costs of solar panels and increased government incentives, while commercial and industrial applications are expanding as businesses seek cost-effective and sustainable energy sources. Utility-scale projects continue to be a major contributor, especially in regions with vast solar energy potential.

Buy Now:  https://www.snsinsider.com/checkout/1336 

In terms of connectivity, the market is divided into standalone and on-grid systems. On-grid PV inverters are prevalent in regions with well-established grid infrastructure, while standalone systems are gaining traction in remote areas and developing regions.

Geographically, the Asia-Pacific region is leading the market, driven by large-scale solar projects in countries like China, India, and Japan. North America and Europe are also significant players, fueled by government policies and incentives promoting renewable energy adoption. As more regions invest in solar infrastructure, the PV inverters market is expected to witness unprecedented growth.

About Us:

SNS Insider is one of the leading market research and consulting agencies that dominates the market research industry globally. Our company's aim is to give clients the knowledge they require in order to function in changing circumstances. In order to give you current, accurate market data, consumer insights, and opinions so that you can make decisions with confidence, we employ a variety of techniques, including surveys, video talks, and focus groups around the world.

Contact Us:

Akash Anand – Head of Business Development & Strategy

info@snsinsider.com

Phone: +1-415-230-0044 (US) | +91-7798602273 (IND)

[beardedmrbean]

Parts of Midwest and Northeast states may be able to see the northern lights Sunday night, according to an alert sent by the NOAA Space Weather Prediction Center.

Forecasts by the Prediction Center show that residents as far south as Nebraska and central Iowa may be able to see the aurora borealis if conditions permit. The expansion of the lights is influenced by a coronal mass ejection from the sun sparking a strong geomagnetic storm.

NASA describes coronal mass ejections as "huge bubbles of coronal plasma threaded by intense magnetic field lines that are ejected from the Sun over the course of several hours." The space agency says they often look like "huge, twisted rope" and can occur with solar flares, or explosions on the sun's surface.

The view line for the astral occurrence will recede on Monday, as forecasts show that the southernmost reaches of the view line will clip central Minnesota.

'Mitigate possible impacts'

The Prediction Center said in a release that the general public did not need to be concerned about the increase in geomagnetic activity but did notify infrastructure operators to, "take action to mitigate possible impacts."

The release also said that there may be some possible technological effects on the power grid and spacecraft.

Sunday morning show and future appearance

The lights made a prelude appearance in the Northwest and corner of the country Sunday morning. Weather observers captured the lights in Washington and Wyoming.

But Sunday may not be the only chance that the conditions will be right for the aurora to make a southern appearance.

The solar forces that produce the gorgeous sky phenomena are predicted to peak next year at a more intense level than previously thought, forecasters from NOAA's Space Weather Prediction Center announced Friday.

"Solar activity will increase more quickly and peak at a higher level than that predicted by an expert panel in December 2019," the prediction center said in a statement. "The updated prediction now calls for Solar Cycle 25 to peak between January and October of 2024.

[market-insider]

Off-Grid Solar PV Panels Market Propelled By Encouraging Government Policies

The global off-grid solar PV panels market size is expected to reach USD 4.84 billion by 2030, registering a CAGR of 8.47%, according to a new report by Grand View Research, Inc. Increasing adoption of renewable sources of energy owing to encouraging government policies is expected to boost the market growth.

Rapid industrialization and population growth have resulted in a sharp rise in global demand for the electricity. The energy sector is apparently moving towards clean sources of power resulting in rise in the installation of solar panels, which in turn is expected to drive the industry growth.

Gain deeper insights on the market and receive your free copy with TOC now @: Off-grid Solar PV Panels Market Report

Additionally, major countries are planning to increase the installation of solar panels during the subsequent period, which is further estimated to propel the off-grid solar PV panels market during the projection period. Based on technology, thin films emerged as the largest segment for off-grid solar PV panels.

The rise in implementation of clean sources of energy for industrial and commercial electricity generation, has resulted in growing deployment of off-grid solar PV panels that are ideal for the locations having abundant sunlight and zones that experience frequent grid failure leading to power outages. The major factor driving the global off-grid solar market is the declining cost of solar PV and batteries. Residential segment is projected to grow at the fastest rate during the forecast period due to the growing construction activities in residential sector.

Major suppliers and vendors are offering long-term contracts to the owners covering regular maintenance and servicing of the panels, driving up the off-grid solar PV panels market growth till 2030.