The COVID-19 pandemic changed how we view and experience the world. The economy and businesses took a lot of work to hit last year. However, the economic slowdown is over, and industries across all verticals are thriving this year. This is also true for solar technology. According to industry experts, India’s solar market will grow at a CAGR exceeding 40% between 2020-2025. The main factors behind the rise in solar energy trends are the lower cost of solar modules and government policies that allow foreign direct investment (FDI) 100%.
Let’s look at the trends which will determine the future of this sector in 2021.
Solar Panels Are Back in Demand
The demand for solar panels slowed down last year but is slowly picking up. The reopening and reopening of businesses and industries are fueling the solar industry. In the coming months, solar installers and manufacturers can expect steady increases in demand. The demand may take up to a year to return to pre-COVID levels.
Booming Data Centres
Cloud storage is a popular choice for many companies after realizing significant savings. This trend is expected to continue, creating considerable demand for data centers. Cloud solution providers are also emerging to realize the potential. Many data center companies are committed to sustainable energy. Solar manufacturers stand to gain a lot from the development of cloud providers.
Artificial Intelligence and Digitalisation
Digitalization and AI are two of the most critical sunspot trends. Regular surveillance and standard checks are essential for renewable energy generation. This can sometimes prove difficult. Drones and robots that can be controlled digitally can help solve the problem and save time and money.
One of the most critical trends in the solar industry is machine learning. Businesses can now explore the full potential of solar technology with new software and advanced processors.
Blockchain
Blockchain can facilitate and record energy transactions. Blockchain is a superior technology for many industries, including solar. This technology will enable solar companies to create blockchain products. This technology will allow for automation and reduce transaction costs, which could ultimately lead to energy savings. It also generates new revenue for manufacturers and solar firms.
Solar Automobiles
The biggest problem with electric vehicles (EVs) is setting up charging stations. There currently needs to be more charging points for EVs. Inadequacies in infrastructure can be a blessing for the solar industry. Solar technology can not only reduce the cost of charging but also help to alleviate any environmental concerns that fuel-driven vehicles may have. Automobile manufacturers prefer to use technologies that have the most negligible ecological impact. Solar automobiles will be a crucial trend in solar energy in 2021 and the years ahead.
Micro-Inverter Technology
Micro-inverters transform direct current in PV systems to alternating current. This technology is far more efficient than traditional string units. Micro-inverter technology has greater flexibility and yield optimization. Micro-grid inverters are designed to measure the optimal voltage of each system and generate maximum peak power voltage. This feature is much more efficient than conventional inverters.