The progressive rise in efficiency and fall in the cost of photovoltaic panels have turned solar energy into one of the most logical alternatives for electricity generation. At the same time, the continuous evolution of solar energy tech promises a further substantial increase in efficiency.
According to research by fortunebusinessinsights.com, the global solar power market was valued at $184.03bn in 2021 and is expected to reach $293.18bn by 2028, at a CAGR of 6.9 percent. This rapid increase can be attributed to economic development, rising sustainability goals, and the market’s demand and growth returning to pre-pandemic levels.
Emerging technologies like augmented reality (AR) and virtual reality (VR) play a significant role in paving the way for enhanced safety and efficiency. These technologies are making assembly and design more efficient while enabling employees to interact with virtual models and reducing the need for physical interfaces. By leveraging the advancements in AI and machine learning, utility providers can predict and identify specific parts of a solar energy system that need maintenance, enabling them to schedule maintenance while informing customers of forthcoming power cuts.
This edition of Utilities Tech Outlook delivers a bird’s-eye view of the recent developments in the solar energy tech arena and insights into how companies are aligning with these trends and adopting new ways to harness the true potential of solar energy.
We have curated thought leadership articles from industry experts, including Justin Tait, Head of Sustainability in Europe at Enviva and Steven King, SVP of Technology and Operations at Lumio.
We also took a deep dive into the market trends to narrow down the list of companies delivering robust utilities solar energy tech solutions. Equipped with innovative technological capabilities, the enlisted solution providers, such as Vision Solar and Jackery, help transform businesses at the cloverleaf of various disruptive technologies.
We hope this edition of Utilities Tech Outlook’s Utilities Solar Energy Tech solution providers helps you build the partnership you and your organization need to foster an environment driven by efficient technology.
