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Business Ideas, Projects & Opportunities in Production of Solar Panel & Electronic Toys

Tuesday, July 3, 2018

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Solar panel refers to a panel designed to absorb the sun's rays as a source of energy to generating electricity and heating. It reduces the amount of electricity coming from fossil fuels by supplying your operations with clean, renewable energy from the sun. Solar panels are also called photovoltaic or PV modules as it directly converts sunlight into electricity. The sun produces enough energy daily to supply 10,000 times the world’s electrical needs. Solar Photovoltaic panels are packaged, connected assembly of typically 6x10 solar cells that generates and supplies solar electricity in commercial and residential applications. Solar panels are not only used for residential rooftop applications, but they are also widely used for applications such as powering electronic devices, individual gadgets, and vehicle batteries. Installing solar panels on a house roof can decrease the household’s carbon footprint by an average of 35,180 pounds of carbon dioxide per year.

There is increasing demand for solar panels in the residential rooftop applications. There is significant fall in the prices for key components such as silver and polysilicone that are used to make solar cells. Solar Panels don’t create noise and don’t make any emissions. Price drops for industrial commodities that are used to make solar panels, and higher price expectations for electricity and natural gas are the factors that are expected to drive growth of the solar panels market for the forecast period (2015-2025). Increase in electricity price combined with cheaper solar panels will drive the solar panels market.

Global Solar Panel market is expected to witness positive growth within the forecast period on account of increasing government incentives for the adoption of renewable energy alternatives for power generation. A solar panel uses the solar energy to cleanly and efficiently produce electricity. For many years solar was considered as the main pillar of a future renewable energy based system. Demand for a solar panel is increasing prominently all over the world.  By providing operations with renewable, clean energy from the sun solar panels reduces the amount of electricity generating from fossil fuels. The solar panel currently available in the market gives high efficiency and long-term warranties will increase the customer preferences towards renewable energy sources. Moreover, the technological innovations coupled with the commercialization of Solar Panel have also been aiding the growth of the Solar Panel market. Rising awareness about the benefits of Solar Panel and depletion of fossil fuels is expected to surge the demand for Solar Panel in the years to come. However, the high cost of installation and maintenance of solar panel is expected to be a major restraint for the global Solar Panel market. Technological advancements and favorable government policies to construct solar power stations are expected to provide growth opportunities for the key players in the market over the coming years.

The Solar Panel market can be segmented into categories by product types such as monocrystalline, polycrystalline, and thin-film solar panels. Poly-crystalline solar panel dominated the global Solar Panel market in 2016 owing to the wide range of applications and high efficiency in affordable price range. Mono-crystalline solar panel segment is expected to register remarkable growth within the forecast period due to their ability technological advancement.

Global Solar Panel market is expected to witness significant growth within the forecast period on account of increasing government incentives for the adoption of solar panels. Solar panels are photovoltaic that produce electricity with sunlight. Solar Panel continuously generates electricity as long as a source of light is supplied. Solar Panel does not burn fuel, helping to make the process quiet, pollution-free and around two to three times more efficient than combustion technologies.

Indian Solar Power Industry is anticipated to have double digit growth during next few years, due to the government’s policy to increase the share of solar power in the country’s energy mix and falling equipment (PV Module) costs globally. Moreover, solar power tariff in India has witnessed a drastic fall over the last few years.

With increasing focus of the government on development of renewable energy sector, solar power products market in India is on the verge of expansion. Target for solar power generation capacity in the country has been set at 100 GW by 2022 and this is anticipated to increase development of solar power products in India. Government provides incentives and subsidies for solar power products such as solar pumps and solar lanterns, thereby boosting their adoption across the country. Moreover, development of solar rooftop PV plants is being supported by various mechanisms such as Feed-In Tariff, Accelerated Depreciation Mechanism, Generation Based Incentives, etc., and this is anticipated to boost India solar rooftop PV market in the coming years. Rising development of solar power generation projects is expected to aid in addressing the growing demand for electricity and in turn boost growth in the solar power products market through 2022.

The market for solar power products in India is forecast to grow at a CAGR of over 10% through 2022, on account of growing demand for power and increasing focus on reduction of greenhouse gases emissions from the power sector. Development of power transmission and distribution network is projected to increase adoption of grid connected rooftop solar plants in the country through 2022. In addition, implementation of Net Metering Policy across various states in the country is anticipated to boost grid connected solar rooftop plant developments, as it aids in exporting additional energy back to the grid.

Nowadays, electronic toys are most popular toys item globally. In addition to that, it comes in a wide price range and features. Also, electronic toys are popular as smart toys. The demand for electronic toys is increasing. Basically, the reasons for the growth are rising personal income and continuous product innovation.

The toys are categorized into many in India and the plastic toys have a market share of nearly 80% of the total toy industry in the country. Other types of toys available in the market are fabric toys, paper toys, and wooden toys, metal toys and DIY toys (containing arts and craft toys) that are manufactured mostly by the cottage industry. However, out of these the metal toys are considered to be sharp toys which are harmful for children and a hindrance in their safety that is why these toys are known to be slowly losing its popularity. Another popular category of toys seen today are educational toys and activity toys which help build the mind and body of the child, then there are soft toys, Electronic toys, battery operated toys and board games like chess and monopoly.

There are different types of Electronic toys available in the market. Electronic toys with or remote, walkie talkie sets for kids, toy radios, musical toys, hand-held video games, video games used with T.V, Arcade entertainment products, educational toys etc. are popular among Indian children. This report is about a remote controlled car toy. There are a number of Remote controlled Toys in the market. These, include Cars, trucks, playing machines and other equipments. There are differences in the mechanical assembly of these types of toys but the basic Electronic principle is the same. These types of toys have four main units i.e., Transmitter, Receiver, Motor and Power Source. The transmitter sends radio wave which is received by the receiver which is fitted with an antenna. These signals are used to activate the motor. The power source is typically a rechargeable battery pack, but sometimes it's just normal batteries.

Electronic toys, and traditional toys will support strong market growth out to 2022. Electronic toys will grow to hold 13.1% of the total toy market in 2022; and arts & crafts, construction toys, and board games will hold a total of 30.5% for the same period.

 

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