Solar Highway Market: Environmental Friendly Way of Producing Energy

As the world struggles with the challenges of changing climate conditions, innovative solutions are emerging to utilize the power of the sun. One such cutting-edge solution is the solar highway. This blog provides an in-depth understanding of solar highway and its benefits.

What Is a Solar Highway?

A solar highway, also called a solar roadway or solar road, is the concept of producing electricity to a street surface. It involves the integration of solar panels or solar technology into the infrastructure of roads, highways, or other transportation networks. The base plate placement and connection of solar photovoltaic cells are furnished and wired with the previously situated layers and then putting the glass layer. The first road of this kind was constructed in France in 2016. However, solar roadways are not appropriate for heavy vehicles as they are unable to support very heavy loads.

Key Takeaways:

• According to Polaris Market Research, the global solar highway market was valued at USD 31.33 billion in 2022 and is expected to register USD 100.44 billion with a CAGR of 12.70% during the forecast period.
• The growing demand for clean and renewable energy sources and the rising use of solar power as a clean and rich source of energy that can be obtained from the sun are fueling the market growth. Solar highways offer a sustainable and ecologically beneficial way of producing energy, which is one of the primary factors supporting the solar highway market growth.
• The rising concern over climate change and the requirement to reduce carbon emissions are propelling the solar highways solar highway market demand.
• The increasing research activities and rising FDI investment for the advancement of solar infrastructure globally are projected to enhance the market growth.

FAQs

What are the Benefits of Solar Highways?

• Huge energy capacity
• Decreases in global warming
• Generate electricity
• Safer 'smart' roads
• Enhanced power lighting
• Usable anywhere
• Completely reusable
• Durable and long-lasting

What are the Components of Solar Roadways?

1. Glass Layer: It’s the upper part of the road on which lightweight vehicles and bicycles can travel.
2. Electronic Layer: It is located below the glass layer and is made of solar photovoltaic cells and chipboard. The electronic layer is manufactured from aluminum which converts light vitality to electric energy.
3. Base Plate Layer: It is the lowest layer of a solar roadway, made from steel, that gathers electrical energy and transfers it to the power station.

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What Are the Recent Developments in The Solar Highway Market?

In November 2022, India's first solar-powered motorway, known as the Eastern Peripheral Motorway, was acquired, according to Maple Highways, a prominent road investment platform sponsored by CPDQ. The 135-kilometer, six-lane motorway traversed the states of Uttar Pradesh and Haryana and was created specifically to relieve the national capital region's commercial traffic congestion.

What Is the Future of Solar Highway?

Based on geography, North America dominated the solar highway market in 2022 and is anticipated to retain its dominance during the forecast period. This growth can be attributed to the surge in knowledge among the general public about the advantages of renewable energy sources coupled with technological developments. Overall, the future of the solar highway market looks promising.