Abstract
The high volatility of oil prices, coupled with increasing concerns over the
CO2 emissions worldwide, has led to the evolution of renewable energy concept
over the past few years. Use of solar photovoltaic (PV) among others, has
emerged as the most appropriate solutions and has continuously been gaining
considerable attention among industry players all across the globe. With the
growing demand for clean energy sources, the manufacturing and deployment of
solar PV cells and photovoltaic arrays have expanded dramatically in the
recent years.
According to our latest research report, "Global Photovoltaic Market Forecast
to 2013", the global PV industry has been propelled by the consistent efforts
and investment from European countries, followed by Japan and the US. As a
result, the cumulative PV installed capacity in Europe surpassed 9 GW in 2008,
with Germany and Spain collectively accounting for more than 90% of the total
capacity as of the end of 2008.
The increasing demand for PV system installations has also led to the rapid
development of solar cell manufacturing worldwide. In this regard, countries
in the Asia-Pacific region, such as China and Taiwan, have gained significant
traction in recent years. China, for instance, produced over 2 GW of solar
cells during 2008, and is forecasted to see a CAGR of more than 50% in the
next few years. We have also found that traditionally, high cost of deploying
PV cells had been the major roadblock for the development of the global PV
industry. But with the constantly declining cost of PV production, the
industry is set to pave the way for the deployment of this technology, mainly
in the developing economies.
This report focuses on the growing marketplace for PV industry at global as
well as at the country level and analyzes the current market trends along with
future growth prospects of the industry. It contains detailed data on
cumulative PV capacity, annual installed PV capacity, and the future market
potential of the key countries. It will help clients to discover the forces
backing the growth of the PV industry alongwith the detailed information on
the future opportunities. The report also features the leading-edge
opportunities critical to the success of the PV industry. From the future
perspective, PV market EPIA scenario has been taken into consideration under
set of certain assumptions.
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