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Smart Solar Market - Global Industry
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Forecast 2015 – 2022
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Growing energy demand of developed as well as developing regions is a serious cause of concern worldwide. The
conventional energy sources such as oil, natural gas and petroleum products will deplete sooner or later. This has
led to initiatives of conservation of energy resources and discovery of new alternate energy sources. The near future
will witness more and more adoption of renewable and alternate sources of energy. Various alternate energy sources
such as wind, tidal, solar and nuclear have been applied in recent years. Solar energy is one the most abundant
energy source available on earth. Various energy needs can be fulfilled with applications of solar power and solar
energy systems. Smart Solar technology is a result of similar kind of innovation and research. Smart solar
technology is built upon existing solar power systems and it functions in sync with the current system. This
technology helps to insert ‘smartness’ in existing solar energy systems. Smart grids improve operational activities of
individual devices and solar installations. Smart solar systems assist in reduction of maintenance costs, stability of
grid supply, optimization of performance and appropriate computing of distribution system. There is high demand
for energy management and demand driven smart solutions as it prevents wastage and makes optimum use of
available energy in a smart manner. This demand for smart solar power...