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Renewable Energy is planning to install 100000 MW solar power in the country by 2020 to reduce India’s dependency on fossil fuels.

05-24-2021 09:29 AM CET | Media & Telecommunications

Press release from: Coherent market insights

Due to the limitation of fossil fuels, there is rising demand for solar-powered products. Solar energy is used for various applications such as solar panels for lights, solar water heaters, solar benches, and others. Solar benches are some of the novel products introduced in the solar industry. In a solar bench, solar panel receives direct sunlight which is then converted to a direct current (DC) using photovoltaic cells. The direct current (DC) goes to the battery through the battery controller which stops the battery from overflowing. For alternating current (AC), the battery provides DC supply to the alternator which converts DC into AC. A solar bench offers additional features such as mobile charging (both wired and wireless), USB ports, and internet connectivity 4G and Wi-Fi and ambient light. These features run on solar energy.

Due to depletion of fossil fuels, a wide gap in the supply and demand of energy is expected to form in the near future. The overconsumption of fossil fuels is one of the major reasons for global warming which is why governments across the globe are focussing on clean energy sources such as solar energy. For instance, India’s Ministry New and Renewable Energy is planning to install 100000 MW solar power in the country by 2020 to reduce India’s dependency on fossil fuels.

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Factors Driving Growth of the Global Solar Bench Market:

Increasing number smart cities projects across the globe are expected to contribute significantly to growth of the solar bench market. Solar benches are used to collect various types of data. For instance, solar benches can collect data of present noise levels, air quality levels, etc. This data is then utilised by a country’s government to plan further development techniques. Smart cities projects are still in the nascent stages, however the demand for solar benches is expected to increase over forecast period. For instance, in October 2017, Include Ltd., a Europe-based start-up, installed six solar benches outside a police station in Dubai.

Furthermore, the overall growth of the solar market is expected to facilitate demand for solar benches over the forecast period. For instance, according to a report published by the International Energy Agency, a Paris-based autonomous intergovernmental organization, in 2019, around 877 GW electricity will be generated by using solar cells between 2019 and 2024.

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Coherent Market Insights is a prominent market research and consulting firm offering action-ready syndicated research reports, custom market analysis, consulting services, and competitive analysis through various recommendations related to emerging market trends, technologies, and potential absolute dollar opportunity.

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