Solar Energy as a Special Alternative Energy in Future

BANGALORE, India - Oct. 8, 2014 - PRLog -- Solar Energy is an esteemed alternative Energy in Future, which is used for multi-purpose activities. Solar Energy is translated into electrical, mechanical and other vital energy sources. A team of professors from Illinois, USA have been working on making the solar panels more commercially viable, by using a different kind of semiconductor, in place of Silicon. The team has been adopting optical ways to achieve this. The team has been adopting optical ways to achieve this. The team, headed by Professors John Rogers, and Xiuling Li, is being funded by the Department of Energy & National Science Foundation. The team has also been successful in achieving remarkable break through. Department of Energy & National Science Foundation. The team has also been successful in achieving remarkable break through.

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Solar Energy Products manufactures are in excess number compared to the Demand. As markets for solar PV inverters become more competitive, manufacturers are being forced to adapt in a bid to maintain revenues or hold market share. This is a trend that has been evident for some years now. As far back as 2012, Dexter Gauntlett, now a senior analyst with Navigant Research, noted: “Inverter companies must increase functionality, reduce cost, and differentiate themselves from the growing competition.

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Two years on, and this forecast has been largely borne out. True, manufacturers are rapidly increasing the functionality of their inverters, making the “brains” of solar PV far more sophisticated and allowing product differentiation. It’s also true that cost competition is keener than ever before, but the market is undergoing transformation in other, perhaps unforeseen, regards, too. According to IHS Technology, the number of Asian companies appearing among the world’s 10 largest photovoltaic (PV) inverter suppliers doubled in 2013, with four appearing from China and Japan, compared with just two in 2012 and none in 2011.

Explaining the nature of the crisis, SMA chief executive officer, Pierre-Pascal Urbon, said: “We expect to see stagnation in the worldwide demand for PV systems for 2014 as a whole. Particularly in the core markets in Europe, demand has collapsed even further than expected due to further cuts in subsidies. “In 2014, the most important foreign markets include North America, Japan and China. Together, these markets are expected to account for 60 percent of the global market. The cut-throat competition is keeping pricing pressure high in the industry,” added Urbon.

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