Manufacturers Look to Gain from Propriety Technologies in PV Module in Solar Energy Market, Paving Way to Competitive Solar Power Solutions, observes TMR
Constant advances in cell designs and encapsulation technologies drive adoption of PV modules for solar energy generation. Manufacturers in the PV module in solar energy market have leaned on constantly increasing module efficiency. Latest solar cell technologies in various markets, especially in Asia Pacific and North America, have reaped striking values with respect to the module lifetime, and cost reduction. Shingled-cell design and mono cell technologies have become an attractive part of product line for stakeholders in the PV module in solar energy market.
Several manufacturers have aimed at reducing the high-power PV modules to meet varying demand for solar energy in developing and developed regions. Players in the PV module in solar energy market have harped on reducing the balance-of-system (BOS) costs. The focus on BOS components has helped opened business propositions for modernization of entire solar systems.
Manufacturers Aim at Modernization of Entire Solar Energy Generation Systems
Residential users increasingly get attracted to higher rooftop system capacity. They aim to generate solar energy cost-effectively. This has reinforced new demand potential in the PV module in solar energy market. Users have seen significant advances in lifetime performance of PV modules. To this end, numerous manufacturers in past couple of years have shifted their attention to allay reliability problems of PV power plants in order to enhance lifetime performance of these considerably. This has formed a part of emerging trends in the market.
One of the technical areas gaining traction in the market is evaluating the aging conditions of PV modules. Commercial PV modules manufacturers in numerous key markets, such as in Germany, have been focusing on improving the performance of polymers used in PV modules. Their aim is to reduce the managing aging procedures due to weathering.
Utility-scale Solar Power Projects Thrive on Policy and Regulatory Supports
Over the years, strides in the development of competitive solar power solutions in the PV module in solar energy market has come from growing numbers of utility-scale solar power projects in key markets. On macro-economic level, these projects have gathered impetus from substantial governments’ support. The governments in numerous countries of Asia Pacific have framed policies and offered favorable regulatory frameworks in this direction, noted the analysts from Transparency Market Research.
To put this in perspective, numerous notable tenders relating to the design, engineering, procurement, and construction (EPC) of PV modules have been floated. A case in point is an empanelment tender in India by the Government of Himachal Pradesh in collaboration with NHDC Limited. This will stridently give bankable opportunities for module manufacturers in the PV module in solar energy market. A number of projects will be key to boosting EPC services. In coming years, increasing focus on improving solar energy in the overall renewable power mic will spur new avenues.
In the last two decades, building-integrated photovoltaics have gathered traction in the PV module in solar energy market. The trend gathered momentum from the focus on aesthetics by residential users.
Unsurprisingly, in still-emerging markets, manufacturers will have to be cautious of not using expensive polymer materials. These markets have still to take care of high capital investment that has crippled the construction of large-scale utility solar projects. Nevertheless, the overall worldwide trend of transitioning to low-carbon economies will generate high momentum.
On the other hand, developed markets will accept the prospect of reducing the cost of PV modules in large projects. To this end, manufacturers will tweak with some promising approaches based on nanotechnology. Techniques in de-risking will gather traction as a result of these approaches. Manufacturers will also be interested in reducing the failure concerns of interconnect of a photovoltaic (PV) used in large solar energy projects.
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