As fossil fuels begin to be phased out, solar will attain an increasingly important role in the economy. VEMC is a leading Solar Energy Company based out of Mumbai.
In This Blog, We Take You Through Some Of The Most Significant Predictions, Trends And Advancements In Solar Energy:
2023 Solar Energy Predictions:
Any reliable solar consultant can tell you that the trajectory of solar is going in only one direction: Upwards!
- The cost of solar PV systems has been falling consistently making these systems highly cost-effective.
- With advances in technology, the efficiency of solar panel systems has improved.
- Financial and legislative support from governments is expected to increase the adoption of solar energy.
Solar Energy Industry Trends For 2023:
Currently, a number of trends are shaping solar energy:
- With increased economies of scale and advancement in technology, the cost of panels is declining.
- Solar panels are becoming more efficient, thus generating more energy at lower costs.
- Businesses are increasingly adopting solar energy to reduce their carbon footprint.
- The Solar Installation and component parts industry has also been picking up in the last many years and is only expected to grow at a robust rate.
Solar Energy Advancements In 2023:
Some of the most notable advancements in solar energy are:
- Researchers have been busy exploring the use of new materials (such as perovskites) to make solar panels more efficient and boost the generation of electricity per panel.
- The growth of technology in energy storage is also complementing the growth in the adoption of solar energy.
- The development of large solar projects such as solar farms by utility companies is feeding hundreds of households.
As a top solar company based in Mumbai, VEMC has committed itself to excellence in the field of solar energy.
Solar Energy Innovations For 2023 And Beyond:
In recent years, a number of innovations have taken place in the field of solar energy:
- Researchers are exploring options to integrate solar panels into existing building materials such as tiles and shingles. This will eliminate the need to have conventional standalone solar panels.
- Developing solar power roads by integrating PV material into the road surface is another innovation to watch out for.
- Solar-powered charging points for EV cars and bikes are being developed, which will have a positive impact on reducing emissions.
Solar Energy Predictions For The Next 10 Years:
Some important predictions for solar energy for the next 10 years are:
- The price of solar panels will continue to plummet.
- Solar energy will take centre stage and reduce the reliance on fossils significantly.
- Solar energy will be used increasingly in the transportation sector.
- Solar energy will find greater use in industrial settings including heavy-duty operations such as steam generation.
Solar Energy In The Next Decade:
Some important trends expected to emerge in the next decade are:
- According to the IAEA, solar energy will be the main source of renewable energy in developing countries.
- There will be continued innovation and introduction of new technology which will boost efficiency and energy generation.
- Governments are likely to provide increased policy and regulatory support to enhance adoption.
VEMC is a leading Solar Power Company based out of Mumbai. For any queries on solar panel installation, call us at 022 43436655 or email us at marketing@vemc.co.in.