Global Concentrated Solar Growth Will Expand By 13.8% CAGR To Reach $133.43 Billion By 2030, Precedence Research Reports, With North America The Fastest Growing Region; Solar Integrated Roofing Corp. (OTC PINK: SIRC) Believes In Alternative Energy Company And Helps Drive Green, Clean Energy
North America, with all its solar initiatives, will lead a 13.8% CAGR spike in concentrated solar market size now through 2030, a new study by Precedence Research Shows. As a result, worldwide solar growth will hit $133.43 billion by 2030. Solar Integrated Roofing Corp.’s (OTC PINK: SIRC) is committed to solar alternative energy and carbon capture. SIRC is successfully involved in solar and electric car EV Charging Stations and is in the midst of applying to FINRA to change its corporate name in SolarEV.
stockmarketpress.com features specialized coverage of related stocks in the solar, roofing, EV charging stations and battery charging energy industry such as Solar Integrated Roofing Corp. (OTC PINK: SIRC), Sunrun, Inc. (NASDAQ: RUN), Blink Charging Co. (NASDAQ: BLNK), Tesla, Inc. (NASDAQ: TSLA), GM (NYSE: GM), ChargePoint (NYSE: CHPT), EVgo (NASDAQ: EVGO), SolarEdge Technologies, Inc. (NASDAQ: SEDG), First Solar, Inc. (NASDAQ: FSLR), SunPower (NASDAQ: SPWR), Gibraltar Industries, Inc. (NASDAQ: ROCK), Spartan Acquisition Corp. II (NYSE: SPRQ). and Canadian Solar Inc. (NASDAQ: CSIQ).
Global Concentrated Solar Growth Will Expand By 13.8% CAGR To Reach $133.43 Billion By 2030, Precedence Research Reports, With North America The Fastest Growing Region; Solar Integrated Roofing Corp. (OTC PINK: SIRC) Believes In Alternative Energy Company And Helps Drive Green, Clean Energy
The Precedence Study documents the success of North America in leading as global fastest-growing region in environmental impact. This includes carbon emissions capture, enactment of strict laws for environmental protection and government subsidies to fund solar initiatives and grants for adoption of renewable energy programs.
Reinforcing other solar studies, this new report says Asia-Pacific is the No. 1. region in the world in terms of the largest global market for solar concentrated power.
While North America is fast-growing, it finds, other regions o the world are moving quickly to grow solar power. For example, the Middle East is making important gains in solar, it says. This developing region is developing energy plants and improving solar-led infrastructure.
The United Arab Emirates (UAE) has increased its sustainable energy capacity due to its commissioning of a new solar energy park in Abu Dhabi.
High capital investments are required to make progress in concentrated solar power technology. Precedence finds that this high cost may serve as a hindrance to market growth during the forecast period.
One answer to that is the construction of more hybrid power plants. Precedence finds that hybrids and solar generating power are gaining traction across the globe. it is expected to have a positive impact on market growth in the forthcoming future.
SIRC plays an important role in the growth of solar by selling an installing customized solar systems with rechargeable solar batteries that retain excess solar electricity generated during the daytime — and either selling it the centralized utility electrical grid — or conserving it for future use by the solar owner.
SIRC now sells and sells storage and sophisticated management components from Enphase (NASDAQ: ENPH) or even rechargeable Tesla (NASDAQ: TSLA) rechargeable solar battery PowerWall units. Global Concentrated Solar Growth Will Expand By 13.8% CAGR To Reach $133.43 Billion By 2030, Precedence Research Reports, With North America The Fastest Growing Region; Solar Integrated Roofing Corp. (OTC PINK: SIRC) Believes In Alternative Energy Company And Helps Drive Green, Clean Energy.
The new Precedence report dovetails with an earlier solar energy study. That one shows Installation for solar panels will grow at a 7.3% CAGR rate from 2020-2026. That’s the finding of a new study titled, ‘Rooftop Solar Photovoltaic (PV) Installation Market’ by 360 Research Reports. If right, it documents the fast and continued growth of the solar installation market — despite pandemics, supply chain shortages, material price hikes and any other factors. Solar is here to stay.
Solar Integrated Roofing Corp.’s (OTC PINK: SIRC) core business is installation of rooftop solar — which this Report says is a long term thriving industry. Installation for solar panels will grow at a 7.3% CAGR rate from 2020-2026.
High demand for rooftop solar will drive installation sales through at least 2026 by a 7.3% fast CAGR, the recent report shows. The solar industry, like other construction specialties, is exposed to supply chain shortages, price hikes, pandemics/variants and all kinds of impediments. Yet, consumer demand for more solar installations will drive its future at least through 2026, it finds.
A third recent solar system research study — the new 14th annual solar survey by EnergySage — found that Tesla (NASDAQ: TSLA) and Infuse (NASDAQ: ENPH) were standouts in the field in 2H 2021 for winning quotes in the solar system industry. They were rated being the least expensive quotes (Tesla) and gaining the most market share in branded solar battery quotes (Enphase) in report period.
SolarSage found that there were 13% more battery storage systems installed in the second half of 2021. First and foremost, some 69% of solar buyers want backup power for their solar systems — and 51% want to achieve savings on utility rates. Financial considerings and savings are key to making solar purchase decisions.
Solar Integrated Roofing Corp. (OTC PINK: SIRC) was a really big winner because it utilizes both Tesla (NASDAQ: TSLA) and Enphase (NASDAQ: ENPH) brands in its branded solar equipment for residential installations.
As SIRC builds a national footprint in solar installations, using the two most popular solar equipment brands is a positive trend.
David Massey, founder and CEO of SIRC, says, “Enphase (NASDAQ: ENPH) is a leader in home energy systems, and we are privileged to provide its energy solution to our over 250 sales teams spanning 40 states and our commercial development firms.
“I have used Enphase (NASDAQ: ENPH) micro inverters since 2006 and have the utmost confidence in their products. Further integrating Enphase into our sales mix comes at an opportune moment as homeowners are increasingly interested in a backup battery system in a time of extreme weather and frequent power interruptions,” he concluded.
Global Concentrated Solar Growth Will Expand By 13.8% CAGR To Reach $133.43 Billion By 2030, Precedence Research Reports, With North America The Fastest Growing Region; Solar Integrated Roofing Corp. (OTC PINK: SIRC) Believes In Alternative Energy Company And Helps Drive Green, Clean Energy
This 14th study of the Solar Marketplace Intel Report™ reports that 34% of solar rooftop systems are bought for self-supply reasons. So, increasingly, solar residential systems are purchased: 1) to beat utility price points; 2) to create backup power; 3) for self supply; and to live completely off the grid.
SIRC’s core business is rooftop solar systems and rechargeable solar battery systems. Some utilities have so much solar-generated excess electricity being sold to them, they have to resell it again to other utilities out of state.
In Florida, where SIRC hopes to be a major solar factor, the opportunity for solar is great. Weather is perfect for solar.
Global Concentrated Solar Growth Will Expand By 13.8% CAGR To Reach $133.43 Billion By 2030, Precedence Research Reports, With North America The Fastest Growing Region; Solar Integrated Roofing Corp. (OTC PINK: SIRC) Believes In Alternative Energy Company And Helps Drive Green, Clean Energy
Learn more about SIRC at https://www.solarintegratedroofing.com/corporate-governance/leadership/.
Source: Stock Market Press
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