Solar power has become the world's most popular form of renewable energy. The following two reports explore the U.S. and European solar power market and where it's headed.
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The concept of converting sunlight into electricity is no longer science fiction. There are now systems designed to turn sunlight into usable electricity. Known as a solar power system, it typically consists of one or more photovoltaic (PV) panels -- also known as solar cells -- as well as an inverter. Being made of a PV material, the solar panels contain electrons that become "excited" when exposed to sunlight.
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This excitement knocks the electrons off their paired atoms, thereby creating electricity.
When solar panels initially create electricity, however, it's in direct current (DC) form. Unfortunately, most homes use alternating current, so the electricity produced by solar panels must pass through an inverter device. As electricity goes through the inverter, it's converted to alternating current (AC). This allows the electricity to be used in a home's electrical system, with the ability to power any device connected to any outlet.
The United States Solar Rooftop Market 2018 report by HTF Market Intelligence is a professional analysis of the U.S. solar rooftop market. Featuring 101 pages, it offers an in-depth look at the market and where it's headed. Of course, solar panels are typically installed on rooftops because this area receives the most direct sunlight. And with more direct sunlight, the panels produce more electricity.
A side benefit of installing solar panels on a roof is the fact that it requires little or no maintenance. When solar panels are installed on the ground, they are susceptible to dirt, dust, leaves and other debris, all of which can lower their power output and overall performance.
Some of the key rooftop solar vendors profiled in this study include Tata Power Solar Systems Limited, CleanMax Solar, Jaksons Engineers Limited, Thermax Limited, Hero Future Energies, KEC International Limited, RelyOn Solar Private Limited, SOLON India Private Limited, Fourth Partner Energy Pvt Ltd & Elecomponics Technologies India Pvt Ltd
The Solar Thermal Market in Europe 2018-2022 report by HTF Market Intelligence is a second comprehensive report of the solar market, though it focuses specifically on the European region. According to the report, the market is poised to grow at an annual compound growth rate (CAGR) of 3.43% from 2018 to 2022.
In addition to CAGR, you'll find a vast array of other information and insights related to the solar thermal market in Europe included in this report. For instance, the report covers the market's drivers, challenges, change in energy mix, solar resource availability, market trends, emerging regions and more.