Posted in | News | Photovoltaics and Solar Cells

Overview of Global Solar PV Market

Mar 10 2010

Research and Markets (http://www.researchandmarkets.com/research/123685/solar_photovoltaic) has announced the addition of the "Solar Photovoltaic Cell Market Report: 2010 Edition" report to their offering.

Solar photovoltaic is emerging as a major power source due to its numerous environmental and economic benefits. Installations of PV cells and modules around the world have been growing since 1998 and recorded a tremendous growth in 2008. There has been a continuous development of PV in established markets (like Germany, the US and Japan), an exceptionally good growth in Spain and the emergence of new markets, such as France, the Czech Republic, Portugal and Belgium.

Due to the growing demand for renewable energy sources, the production of solar cells and photovoltaic arrays has advanced dramatically in recent years. Apart from the conventional wafer based silicon technologies, there has been an emergence of new technologies like CIGS (copper indium gallium selenide) and CPV (concentrated photovoltaic) which are more cost effective and deliver high efficiency rates. Factors like growing environmental concerns, encouragement of support schemes in form of feed-in–tariffs, increased usage of small scale applications and declining polysilicon prices will drive the solar PV market in future.

Although there are a number of companies engaged in the manufacturing of PV cells, Q-cells enjoys a clear leadership in the global PV market. The other major manufacturers include First Solar, Suntech Power, Sharp, JA Solar, Kyocera, Yingli Green Energy, Motech, Sun Power and Sanyo.

The current report gives an overview of the global solar PV market, discussing the various technologies, size of the market and geographic distribution. The important solar PV markets like the US, Europe and Asia have been analyzed. The key trends, drivers of the market and the challenges faced are also discussed in detail. The competitive aspect of the market is highlighted and the key players are profiled with their business strategies.

By combining SPSS Inc.’s data integration and analysis capabilities with our relevant findings, we have predicted the future growth of the industry. We employed various significant variables that have an impact on this industry and created regression models with SPSS Base to determine the future direction of the industry. Before deploying the regression model, the relationship between several independent or predictor variables and the dependent variable was analyzed using standard SPSS output, including charts, tables and tests.

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