How Solar Companies can Increase Sales through an Online Marketplace

The solar energy sector is growing into a significant industry with huge potential. The numerous solar (Photo Voltaic) PV manufacturers around the world along with many top companies for solar energy are looking for exponential growth. Also, being a cheaper and cleaner option to fossil fuels, solar energy is being touted as the energy for the future by environmentalists, industrialists, and world leaders.

Why Solar?

The global energy consumption has already reached massive proportions. Moreover, the non-renewable sources are at a risk of going depleted in next few years. On the other hand, the energy from the sun is perennial and much more dependable. Also, the prices of coal and natural gas are bound to increase. Hence, countries with a vision for an economic growth built on clean energy are already looking for an alternative for fossil fuels.

In US alone the solar has generated $154 Billion in economic activity, the revenue from solar in 2007 was $42 million increased to staggering $210 million in 2017.

Fact Bites

Currently, China is the largest producer of solar energy with an installed capacity of over 100 GW and is followed by Japan and Germany. Solar energy is much safer than nuclear means of power. A 50 GW solar field is approximately equal to 50 commercial nuclear reactors and there is no harmful residue or waste from solar energy.

Solar is currently satisfying approximately 6.3% of the world energy which is expected to rise above 35% by the year 2050.

Industry Trends

There has been a steady increase in the number of companies venturing into the sector. Their aim is to set up solar fields by procuring the right equipment, establish a plant and supply the generated power at competitive price. Currently, power purchasing companies are buying power from government or distribution firms. Buying solar power will reduce the load on governments to produce electricity through means of non-renewable sources.

Since setting up a solar plant requires a massive investment in infrastructure, the high cost of solar panels and equipment has been the biggest hurdle faced by investors. Also, this increases the ROI (Return on Investment) for any project. Therefore a reduction in the cost of solar equipment would greatly benefit this sector.

Industry Trends

There has been a steady increase in the number of companies venturing into the sector. Their aim is to set up solar fields by procuring the right equipment, establish a plant and supply the generated power at a competitive price. Currently, power purchasing companies are buying power from government or distribution firms. Buying solar power will reduce the load on governments to produce electricity through means of non-renewable sources.

Why Solar Exchange?

In order to overcome this problem and give the best competitive price for the buyers, Solarexchange.com is a marketplace that provides a unique, first of its class reverse bidding platform. This enables the sellers (solar equipment manufacturers) to compete with other sellers and give the best price and product that meets the buyer’s requirements.

Advantages

It is a global platform with many top manufacturers around the world as founding members. The competition on the platform could lead to a significant reduction in the cost of solar equipment. Also, it would boost the number of consumers around the world who’re investing in solar and relying less on conventional non-renewable energy. Here are the primary advantages of SolarExchange.com that your company can use to maximize the profitability.

Unique Features

Sellers looking for a global platform to showcase their products can make use of the unique features offered by Solarexchange.com. Similarly, buyers looking for quality products at best prices can make a bid to buy these products directly from the sellers through this platform. The following are some of the unique features offered by Solarexchange.com.

It is the first website for bidding and procuring Solar equipment.
A wide range of solar tools from all over the world are available in a single place
Minimizing the phases in the traditional procurement cycle
Sellers have the flexibility in providing the products that cater to the exact needs of the buyers

Competitive prices

As there is a competition between sellers, the prices for the goods are bound to come down.

The platform completely eliminates the involvement of facilitators, which adds to overall transparency
All the involved parties can get global contracts that again minimizes the prices

Easy exchange of data

The portal is designed to give maximum accessibility to the end-user

It ensures a user-friendly experience
Parties can upload files in any format as per the other party’s requirement

These are few of the many benefits of using a dedicated global marketplace for solar equipment such as Solarexchange.com. Companies looking to improve their profitability should take advantage of this promising platform.