GLOBAL PV MARKETS

Global Photovoltaic (PV) Market & Insights into Chinese and Japanese Photovoltaic (PV) Markets (2010 - 2015)
15 November 2011 (World of Photovoltaics)

"The PV market is observed to be one of the fastest growing sectors buoyed by different government incentives and intense R&D activities…PV technology is emerging as the major technology for generation of power in the world; which is evident from the continuous growth witnessed in the last decade…[spurred by innovative] subsidy programs in Germany and Japan…

"…[Of PV cell materials], amorphous silicon is observed to generate maximum revenue. This is mainly due to its low temperature coefficient and low power loss. Trackers help to increase the solar array’s efficiency by up to 40%...The key applications of PV systems include consumer electronics and telecommunications, building integrated PV applications, grid connected power supply, military and space applications…[BIPV leads the applications…due to the gradual adoption of this technology in industrial, commercial, and residential buildings…"

(from the MarketsAndMarkets report - click to enlarge)

"The Chinese PV market is largely driven by the growing demand for energy and the huge volume of export market. It is expected that the government of China will continue with its small scale and targeted incentive programs…Federal policies drove the expansion of PV market in Japanese region. The country’s new national solar goals include 28,000 MW of new solar capacity by 2020 and 53,000 MW by 2030…

"The global photovoltaic market is expected to reach $130.0 billion in 2015 from $55.7 billion in 2010 at a CAGR of 18.5% from 2010 to 2015…"