Smart Solar Technology is the Future?
Global smart solar market is estimated to grow at a CAGR of 17% during the forecast period of 2021 to 2030. Owing to operational efficiency with smart implementation and risk mitigation needs for steady energy supply the demand from utility segment is likely to dominate the smart solar market. Operational efficiency of energy sector companies is determined by their capability to make a steady supply of energy in the cost-effective manner possible and for better operational efficiency, the companies are using IoT technologies. Renewable energy sources are natural energy resource that can be transformed over a relatively short period of time, making them efficiently vast sources of energy. Renewable energy includes solar, wind, and geothermal energy. It will signify the largest single source of electricity growth over the next five years, obsessed with falling costs and violent expansion in emerging countries. The share of renewable energy in global power generation is expected to gr