Solar Photovoltaic Power Market to 2020 - Market Leaders to Achieve Grid Parity due to Decreasing Module Prices, Low Maintenance and Ease of Installation
- Language: English
- 324 Pages
- Published: October 2012
TechNavio’s analysts forecast the Global Solar Panels market to grow at a CAGR of 38.2 percent for the period 2010–2014. One of the key factors contributing to this market growth is the continued support offered through government incentives. The Global Solar Panels market has also been witnessing the emergence of new innovative technologies. However, reduction in solar subsidies in European countries could pose a challenge to the growth of this market.
Key vendors dominating this market include First Solar Inc., Sharp Corp., Suntech Power Holdings Co. Ltd., Q-Cells SE, and Yingli Green Energy Holding Co. Ltd.
TechNavio’s Global Solar Panels Market 2010–2014 report has been prepared based on an in-depth analysis of the market with inputs from industry experts. The report focuses on the Americas, the EMEA, and the APAC regions and covers the progress and the expected future growth of the Global Solar Panels market. This report also includes a discussion on the key vendors operating in this market.
Key questions answered in this report:
What will the market size be in 2014 and at what rate will it grow?
What key trends is this market subject to?
What is driving this market?
What are the challenges to market growth?
Who are the key vendors in this market space?
What are the opportunities and threats faced by each of these key vendors?
What are the strengths and weaknesses of each of these key vendors? SHOW LESS READ MORE >
01. Executive Summary
03. Market Coverage
04. Market Landscape
05. Vendor Landscape
06. Buying Criteria
07. Market Growth Drivers
08. Drivers and their Impact
09. Market Challenges
10. Market Trends
11. Key Vendor Analysis
12. First Solar Inc.
13. Sharp Corp.,
14. Suntech Power Holdings Co. Ltd.
15. Q-Cells SE
16. Yingli Green Energy Holding Co. Ltd
List of Exhibits:
Exhibit 1: Global Solar Panels Market 2010–2014 (US$ billion)
Exhibit 2: Global Solar Panels Market by Geographical Segmentation 2010
Exhibit 3: Global Solar Panels Market by Vendor Segmentation 2010
Solar Panels Market Witnessing Exponential Demand
TechNavio, a market research leader in the area of Cleantech, recently published its report on the Global Solar Panels Market 2010–2014. The report discusses significant trends in the Global Solar Panels market for the Residential and Commercial Consumer segments.
TechNavio’s report highlights that the increase in the demand for solar panels is driving the Global Solar Panels market. Government incentives and policies are the main reasons for the increase in the number of installations across the globe. Many countries have been introducing tax subsidies to encourage people to use electricity generated by solar energy. Also, the decline in the prices of solar panels is driving market growth. Further, there is an increasing need to develop products with newer technologies that do not harm the environment. The solar panel is one such clean technology that is being promoted by all nations.
Commenting on the report, an analyst from TechNavio’s Cleantech team said, “Despite the high demand, there are challenges that may impact the growth of the Global Solar Panels market. Some countries have been planning to reduce the subsidies that are currently offered. Germany, for instance, has slashed subsidies because of the growing competition and increasing pressure on industry players to reduce prices. Vendors also face the challenge of selling products that have low conversion efficiency.”
Key findings from the report:
- Reduction of Solar Subsidies in European Countries
- Low Conversion Efficiency
- Growth in Global Investment
The contents of this report are based on research conducted on an objective combination of primary and secondary sources, including inputs from key participants in the industry. The report contains a comprehensive market and vendor landscape in addition to a SWOT analysis of the key players.
- First Solar Inc.
- Sharp Corp.,
- Suntech Power Holdings Co. Ltd.
- Q-Cells SE
- Yingli Green Energy Holding Co. Ltd