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Global Solar Power Market 2011
Frost & Sullivan, July 2011, Pages: 114
The global solar power market has experienced tremendous growth during the last three years as a consequence of increasing government concerns about energy security and independence. In addition, other factors, such as rising energy prices; volatility of fuel costs; and government incentives for renewable energy, have contributed to the acceleration of market growth. The present research service analyzed the global solar power markets along with the revenues and installed capacity forecasts. Supported by identifying the drivers and restraints, as well as challenges, facing these markets.
Over the last 50 years, solar PV systems have evolved into a mature, sustainable, and adaptive technology. PV technology is improving as the efficiency of solar cells increases and the appearance of their modules improves. As a result, solar power is gaining acceptance and is becoming an increasingly cost-effective and clean alternative to conventional energy sources.
Ongoing support and commitment from federal governments and various state governments through renewable energy policies and programs are likely to sustain market growth. Solar power is the second-fastest growing renewable energy market, next to wind power.
Scope
- This research service analyzes the global solar power market.
- The base year for this study is 2010 and the forecast period is 2011 to 2017.
- This research service analyzes the market share among solar panel manufacturers.
- This study only considers solar power technologies that are used for power generation and excludes other
applications.
- PV solar market segment figures are provided in revenues, which consider the revenues generated from the sale
of PV modules by module manufacturers.
- CSP market segment figures are provided as investment in the CSP industry, which consider the amount of capital invested in CSP projects during a given year.
Segmentation
In this research service, the solar power market is categorized into two segments:
Solar photovoltaic (PV)
- Crystalline silicon
- Thin film o Concentrator PV
Concentrating solar power (CSP)
- Solar power towers
- Solar dish generation
- Compact lens Fresnel reflectors
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