Today, the number of people joining the global drive toward sustainable living can be a little overwhelming. From eco-friendly road norms to going green in your daily habits, there seems to be an endless list of things you need to think about to become a more sustainable person. If you have already started working on these changes, that’s great! But if you still need some extra help, try thinking beyond your sphere of influence and ask others for their input too. As it turns out, many people are taking this idea one step further by joining the growing movement toward sustainable living through solar power. With the industry report, you will learn everything you need to know about this fast-growing segment:

What is an ALMM Solar Module?

Solar power is the conversion of sunlight into electric power, either directly via photovoltaics (PV), or indirectly via concentrated solar power. Solar power is natural and clean. It is obtained from the harnessing of the energy of the sun via photovoltaics, concentrated solar power, or concentrated wind power. It has many beneficial applications, such as generating electric power, heating water, and desalinating seawater. Many devices are used in conjunction with photovoltaic cells, among them are energy devices, such as Inverters, Charge Controllers, Battery Chargers, and Power Management Systems.

Key Benefits of Solar Power for the Environment

– Reduced Energy Costs – The early stages of technology development have shown that solar power has the potential to reduce energy costs by generating electricity at a lower rate than the grid. Governments subsidize solar power in the form of rebates or feed-in-tariff rates, which encourage even further investment. In addition, these policies include strong environmental and development objectives, such as health and education. – Carbon Neutral – Solar power is carbon neutral because it does not emit any greenhouse gases during production. The power grid emits carbon dioxide during operation; however, solar power removes it from the system. – Environmental Friendly – The environmental benefits of solar power are vast and include reduced smog, lower water usage, and lessened carbon emissions. Solar panels are effective in collecting energy from the sun and converting it into electricity.

How Does Solar Power Work?

Photovoltaic (PV) cells convert sunlight directly into electricity using no moving parts and produce no dangerous emissions. The principle of operation is very simple: the sun’s energy is concentrated and turned into electricity by a solar cell. Concentrated solar power (CSP) is similar to PV power in that it uses solar panels to collect solar energy. The difference is that concentrated solar energy is used to produce steam that runs a turbine. This method is more environmentally friendly because the chemical reactions that produce greenhouse gases are shut off. Wind turbines are similar to photovoltaic cells in that they use solar power to create electricity; however, they use the natural force of the wind to create rotational energy that is transformed into electricity.

Key Players in the ALmma Solar Modules Market

– Hanergy New Energy Group Co. Ltd. Hanergy is a leading provider of high-efficiency, high-purity silicon solar modules. Founded in 2001, Hanergy is headquartered in Wuhan, China. Hanergy’s mission is to be the world’s leading supplier of high-efficiency, high-purity silicon solar modules. – JA Solar Holdings Co. Ltd.JA Solar is the world’s leading manufacturer of polysilicon solar modules. The company was established in 2006 as a joint venture between Taiwan Semiconductor and NexT Energy. – Jinko Solar Co. Ltd. Jinko Solar is one of the leading manufacturers of polysilicon solar modules. Founded in 2000, the company has been headquartered in China’s Inner Mongolia Autonomous Region. – Trina Solar Ltd. Trina Solar is one of the major manufacturers of polysilicon solar modules. The company was founded in 2002 and has been headquartered in China’s Sichuan province.

Emma solar module market, by Region

Europe is expected to lead the global solar power market during the forecast period, due to government initiatives, rising awareness of the environment, and increasing investment in renewable energy. Growing adoption of rooftop solar systems will be the primary contributor to the growth of this market. North America is expected to remain the largest solar power market in the world during the forecast period, driven by rising demand for renewable energy and the increasing focus on sustainable living. However, the increasing trend of corporate social responsibility initiatives and the rise of non-traditional solar power sources are expected to pose challenges to market growth. The Asia Pacific is expected to account for the fastest growth rate among the regional markets of solar power during the forecast period.

Emma solar module market, by product type

On-grid systems are those that produce electricity directly from the solar power plant. Off-grid systems are those that produce electricity from the grid, which is the main power grid. Grid-tie systems are those that connect their solar power plant to the main power grid. Off-grid systems are those that operate without a connection to the main grid. They rely on batteries or other alternative energy sources to store electricity and provide power during outages. Indoor applications are those that operate within the premises. They include a swimming pool, refrigerator, water purifier, and light applications. Outdoor applications are those that operate outside the premises. They include street lights, parking lot lights, and traffic signals.

Conclusion

With the increasing demand for sustainable living and the increasing adoption of solar power for home energy purposes, the solar module market is poised for lucrative growth. The market is expected to grow at a robust rate during the forecast period, fueled by the increasing investment in renewable energy sources and the increasing demand for non-traditional solar power sources.