Growing need of alternative energy sources due to rapidly depleting
non-renewable energy sources is driving the market for photovoltaics. The
global photovoltaic market is expected to reach 55,621 megawatts value by the
year 2015 with the compounded annual growth rate of 38%. Continuous
developments in this market and growing support from government of most
countries are some of the major factors contributing to the growth of this
market.
Improvements in manufacturing techniques and efficiencies will reduce
the actual material quantity used in solar cells. Value of photovoltaic
material is projected to grow by 12.3% by the year 2015 and reach $47 million.
Japan and Germany are the largest manufacturers as well as consumers of
photovoltaic materials. Use of photovoltaic devices is growing in developed
nations of the Americas and European region; however, PVs are less preferred in
developing economies due to lack of awareness about its efficiency and consumer
awareness.
Market Segmentation
Based on
Technology
- Monocrystalline Silicon Technology
- Multicrystalline Solar Cells
- Thin Film Solar Cells
- Polycrystalline Thin Film
- Cadmium Telluride Cells
- Gallium Arsenide Solar Cells
Based on Application
- Cottages and Residential
Applications
- Mobile and Recreational
Applications
- Agricultural Applications
Download PDF : Photovoltaics Market
This
research report analyzes this market depending on its market segments, major
geographies, and current market trends. Geographies analyzed under this
research report include
- North America
- Asia Pacific
- Europe
- Rest of the World
This report provides
comprehensive analysis of
- Market growth drivers
- Factors limiting market growth
- Current market trends
- Market structure
- Market projections for upcoming
years
This report is a
complete study of current trends in the market, industry growth drivers, and
restraints. It provides market projections for the coming years. It includes
analysis of recent developments in technology, Porter’s five force model
analysis and detailed profiles of top industry players. The report also includes
a review of micro and macro factors essential for the existing market players
and new entrants along with detailed value chain analysis.
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map over time to understand the industry growth rate
- It provides a seven-year forecast
assessed on the basis of how the market is predicted to grow
·
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decisions by having complete insights of market and by making in-depth analysis
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