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Exploring the home solar power market

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Solar power is a clean, renewable form of energy. The following two reports explore the market for home solar power and where it's headed.

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It's no secret that the sun offers an abundant source of energy, more than we could ever use in our lifetime. But one of the hurdles faces with solar energy is its cost. Up until recently, solar energy has cost more to produce than energy from coal-burning power plants. This trend has since reversed, however, with solar now offering a cheap and readily available source of clean energy.

A recent report published by the World Economic Forum (WEF) found that both solar and wind energy are just as cheap if not cheaper than power produced by traditional fossil fuels. Researchers cite this as a "tipping point" for the industry -- one that will hopefully encourage other companies, individuals and governments to invest in solar power.

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Just last year, utility companies in the United States added 9.5 gigawatts of solar power to their grids, making it the top source of power for the first time.

The Global Solar Home Lightings Market Professional Survey 2017 report by Wise Guy Reports is a comprehensive study of the global solar lighting market. While the report covers the entire global market, it focuses specifically on regions in which solar power is widely used, including North America, China, Europe, Southeast Asia, Japan and India. Among other things, the report provides a basic overview of the solar home lighting market, complete with industry definitions and specifications, classifications, import and export, cost, demand, market drivers, challenges and more. In essence, this is a complete and detailed analysis of the global solar home lighting market.

Some of the key vendors profiled in this report Panasonic, Tata Power Solar Systems, GE Renewable Energy, Phillips, Sharp, Su-Kam, and Solarcentury.

The Global Smart Solar Power Market 2016 report by Research Beam is a second comprehensive study of the global power market. It provides an in-depth analysis of the market, including an overview with references to market trends, market structure, drivers and challengers, and more. According to the report, the smart solar power market is currently in its nascent stage, meaning there's high demand for solutions and monitoring devices throughout the industry. The report further cites some of the high-tech tools used in the market, such as mechanized meters, monitoring platforms, and various Informations Technology (IT) platforms. The report also says that companies like HCL and GE Energy are working on novel products like smart solar mobile phones and protronix power boxes, which are expected to assist the market in its growth and expansion.

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Paul Hosking - Market Research NewsPaul Hosking
Category: New MediaCompany profile: Paul Hosking, founder of WhaTech writes from his experience with Market Research Reports. Sharing the latest and most interesting reports. Giving investors the "heads up" on what's next!

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