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Pandemic disrupted the entire world and affected many industries.
Get detailed COVID-19 impact analysis on the Global Ultra Efficient Solar Power Market
Request Now !The global rise of industrialization has increased the importance of solar energy. Solar energy is a viable alternative to fossil fuels, which are contributing to environmental pollution. The worldwide depletion of energy sources and growing environmental concerns are driving the need for solar power. However, the seasonal & fluctuating nature of solar radiations is a factor which significantly hinders the adoption of solar power. The ultra efficient solar power technology resolves this issue by maximizing the amount of energy generated. Solar energy is collected and utilized through various technologies such as solar PV, Solar Thermal and Concentrated PV. These technologies are promoted by governments and power companies through subsidies. Research and development is being conducted regarding various other technologies which are presently in the pipeline. There is a rising demand for energy sources that are renewable and environmentally friendly. This is a driving which boosts the growth of the global ultra efficient solar energy market. The rising energy consumption and the energy crisis in developing economies have illuminated the need for solar energy in developing economies such as China, India, Brazil, Canada and Germany.Â
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