Spherical sun power generator, also known as spherical solar power generator, is a device that generates power using solar energy. Though the existing conventional solar panels serve the purpose of generating electricity by harnessing the solar energy, they require large space for the setup. Spherical solar power generator uses a spherical crystal globe to absorb the sun rays as well as diffused rays and concentrate them on a light weight, hyper-efficient, photovoltaic cell. The frame or exteriors of the spherical crystal globe are equipped with the dual axis tracking system. This system, as per the principles of spherical geometry, allows the generator to perform with double efficiency occupying less surface area than the conventional flat solar panels.
Installation of a spherical solar power generator is pretty simple. It just needs to be placed at a preferred location pointing its ball toward the sky. Design of this generator is quite futuristic, which makes it suitable for inclined surfaces, walls of a building, and any surface allowing passage open to the sky. Ability of this generator to harness the solar energy even during early mornings, overcast days, and late evenings makes it more efficient and durable. The spherical solar power generators are claimed and tested to have capability of harnessing even the moonlight.
The hybrid collector used in this type of generator not only absorbs the solar energy, but also converts it into electricity simultaneously. The segments of this spherical solar power generator can be Power industry, commercial office spaces, domestic power generation (home, schools, colleges, etc.)
The spherical solar power generator used for applications such as lighting an entire building or house and charging an electric car. Spherical generators may also be used in large numbers in the existing solar power generation plants, where they may replace the conventional flat solar panels. The use of spherical solar power generators may be extended in the form of small variants as portable tabletop chargers, which can be used for charging mobile phones, music players, and most USB devices.
Key drivers for the spherical solar power generators market are enhanced efficiency of these devices, minimum solar cell surface, ability to absorb diffused sun rays, and aesthetics. Demand for these generator is likely to remain higher in almost all regions of the world in the next few years.
Regions of the world lying close to the equator, where ample amount of sunlight is available throughout the year, may prove to be prominent markets for spherical solar power generators in the near future. With the rising demand for energy in African countries and developing countries of Asia Pacific such as India and China, these countries are expected to adopt the spherical solar power generator technology. This is because these generators harness freely available solar power and the governments of these countries are promoting the use of renewable energy sources. However, the major restraint is the cost of spherical solar power generators, which makes the technology difficult to penetrate the market. However, with reduction in the cost of solar panel manufacturing, the outlook for the spherical solar power generators market appears positive.
The concept of spherical solar power generators as well as the first product was developed by Rawlemon Ltd. Co., which is owned by Andre Broessel, a German architect. The company has introduced a spherical sun power generator called Beta. Ray. Some of the other potential players & competitors which may enter in the spherical solar power generator market in the near future are Sphelar Power Corporation, Goal Zero, Shanghai Sunvis New Energy Co., Ltd., Solar Stik, Suntech Power Co. Ltd., Renogy, Heliotrop, BSQ solar, and Chorma Energy.
This study by TMR is all-encompassing framework of the dynamics of the market. It mainly comprises critical assessment of consumers' or customers' journeys, current and emerging avenues, and strategic framework to enable CXOs take effective decisions.
Our key underpinning is the 4-Quadrant Framework EIRS that offers detailed visualization of four elements:
- Customer Experience Maps
- Insights and Tools based on data-driven research
- Actionable Results to meet all the business priorities
- Strategic Frameworks to boost the growth journey
The study strives to evaluate the current and future growth prospects, untapped avenues, factors shaping their revenue potential, and demand and consumption patterns in the global market by breaking it into region-wise assessment.
The following regional segments are covered comprehensively:
- North America
- Asia Pacific
- Latin America
- The Middle East and Africa
The EIRS quadrant framework in the report sums up our wide spectrum of data-driven research and advisory for CXOs to help them make better decisions for their businesses and stay as leaders.
Below is a snapshot of these quadrants.
1. Customer Experience Map
The study offers an in-depth assessment of various customers’ journeys pertinent to the market and its segments. It offers various customer impressions about the products and service use. The analysis takes a closer look at their pain points and fears across various customer touchpoints. The consultation and business intelligence solutions will help interested stakeholders, including CXOs, define customer experience maps tailored to their needs. This will help them aim at boosting customer engagement with their brands.
2. Insights and Tools
The various insights in the study are based on elaborate cycles of primary and secondary research the analysts engage with during the course of research. The analysts and expert advisors at TMR adopt industry-wide, quantitative customer insights tools and market projection methodologies to arrive at results, which makes them reliable. The study not just offers estimations and projections, but also an uncluttered evaluation of these figures on the market dynamics. These insights merge data-driven research framework with qualitative consultations for business owners, CXOs, policy makers, and investors. The insights will also help their customers overcome their fears.
3. Actionable Results
The findings presented in this study by TMR are an indispensable guide for meeting all business priorities, including mission-critical ones. The results when implemented have shown tangible benefits to business stakeholders and industry entities to boost their performance. The results are tailored to fit the individual strategic framework. The study also illustrates some of the recent case studies on solving various problems by companies they faced in their consolidation journey.
4. Strategic Frameworks
The study equips businesses and anyone interested in the market to frame broad strategic frameworks. This has become more important than ever, given the current uncertainty due to COVID-19. The study deliberates on consultations to overcome various such past disruptions and foresees new ones to boost the preparedness. The frameworks help businesses plan their strategic alignments for recovery from such disruptive trends. Further, analysts at TMR helps you break down the complex scenario and bring resiliency in uncertain times.
The report sheds light on various aspects and answers pertinent questions on the market. Some of the important ones are:
1. What can be the best investment choices for venturing into new product and service lines?
2. What value propositions should businesses aim at while making new research and development funding?
3. Which regulations will be most helpful for stakeholders to boost their supply chain network?
4. Which regions might see the demand maturing in certain segments in near future?
5. What are the some of the best cost optimization strategies with vendors that some well-entrenched players have gained success with?
6. Which are the key perspectives that the C-suite are leveraging to move businesses to new growth trajectory?
7. Which government regulations might challenge the status of key regional markets?
8. How will the emerging political and economic scenario affect opportunities in key growth areas?
9. What are some of the value-grab opportunities in various segments?
10. What will be the barrier to entry for new players in the market?
Note: Although care has been taken to maintain the highest levels of accuracy in TMR’s reports, recent market/vendor-specific changes may take time to reflect in the analysis.