Industry News

Addition of renewable energy in China takes the country into a new level

China: A solar farm is under construction in Ningxia region of China by Minsheng New Energy which would take renewable energy of the country into a new level. Minsheng New Energy is China’s biggest private investment group.  Solar installation in Ningxia would cover 4,607 hectares of area with 6 million panels. The total investment in this projects is around USD2.34 billion and it would boost the capacity by 2 gigawatts when it would complete.    

TechSci Research depicts that increasing capacity of solar power would create the market for UPS in China because UPS System integrated with both solar power and grid power charging to provide uninterrupted power supply. Widening power demand-supply gap coupled with growing installation of electronic & computer devices, processing equipment and high end machineries requiring uninterrupted power supply for continuous workflow is leading to surge in demand for power backup technologies such as UPS systems in residential, commercial and industrial sectors across APAC countries

According to TechSci Research reportAPAC UPS Market By kVA Range, By End User, By Country, Competition Forecast and Opportunities, 2011-2021”, the region’s UPS systems market is projected to reach US$ 4.1 billion by 2021, on account of increasing IT spending and surging number of small & medium sized enterprises. Further, due to rapid infrastructural development and increasing focus towards developing energy efficient systems for avoiding damage to sensitive equipment from frequent power outages, demand for UPS in the region is anticipated to increase in the coming years, with China and India expected to account for the largest market during the forecast period. 

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United States Solar Energy Solutions Market Segmented By Type (Photovoltaic Cells, Concentrated Solar Power Systems), By Application (Agriculture & Horticulture, Architecture, Transportation & Others), By Region, and By Competition

Power | Feb, 2024

The United States solar energy solutions market is rising due to increasing environmental awareness, declining solar technology costs, and supportive government policies incentivizing renewable energy adoption during the forecast period 2025-2029

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