The focus on renewable energy resources has risen considerably over the years. With the condition of the environment worsening day by day due to the excessive utilization of fossil fuels for energy generation, governments of different countries are now paying attention to renewable energy resources.
Moreover, the population across the globe has been increasing at a rapid pace, and the declining rate of fossil fuels has made them insufficient to cater to the energy needs of people after a few years. Ascribed to these factors, governments, as well as the general public, are trying to increase the share of energy generated through eco-friendly sources.
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Generators, inverters, and PV cells are the major products via which smart solar solutions are deployed. Out of these, the demand for PV cells is predicted to be significantly high in the years to come, which can primarily be ascribed to technological advancements. Innovations in the PV cell technology have enabled manufacturers to decrease the cost of these products, thereby facilitating their increasing adoption. In addition to this, companies in the industry are making use of the triboelectric effect for the development of hybrid PV cells, which can generate electricity during rainy weather as well.
Smart Solar Solutions
The major smart solar solutions are:
· Asset management
· Remote metering
· Supervisory control and data acquisition
· Analytics
· Meter data management
· Network monitoring
Owing to the strict regulations and technological advancements in North America and Europe, the demand for asset management solutions is expected to be high in the coming years.
Conclusion
The rising focus on renewable energy sources and increasing investments by governments are leading to the high adoption of smart solar solutions all across the globe.
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