In calendar year 2010, total worldwide solar photovoltaic (PV) system installations
topped 16,568 MW with a value of US $75 billion. The market is anticipated to grow
to 33,600 MW in 2016 with a 14% CAGR over the next five years. The cumulative installation
is expected to reach 190,800 MW by the end of 2016, with a value of approximately
US $105 billion representing a CAGR of 28% during 2011–2016.
Lucintel, a leading global management consulting and market research firm, analyzed
the solar PV industry and presents its findings in the report, “Growth Opportunities
in Solar Photovoltaic Market 2011-2016: Trends, Forecast and Market Share Analysis.”
Lucintel’s research indicates that the growing inclination toward renewable energy
to reduce carbon emissions is boosting solar energy across the globe. During 2011–2016,
the North American and Asia-Pacific (APAC) markets for solar PV are expected to
grow significantly. Accordingly, the overall share of North America and APAC in
annual PV installation is likely to increase in the coming years.
Based on revised forecasts for solar PV, China is expected to be the global leader
in annual solar PV installation by 2016. Solar PV capacity installation is also
likely to grow significantly in the US during 2011–2016. The annual installation
of solar PV in the US is forecast to surpass Germany by 2016 securing the second
position globally, behind only China. Europe installed the largest amount of solar
photovoltaic capacity in 2010, an estimated 79% of global annual installation for
the year.
In this research report, Lucintel provides trend scenarios and forecast statistics
for 2011–2016; details the industry’s drivers and challenges; manufacturing capacity
for each node in the value chain of the solar PV industry; expansion plans; competitive
analysis for solar PV; and installation of solar PV projects during 2011–2016; the
report also details forecast for solar PV installation for all four global geographies—APAC,
Europe, North America, and the Rest of the World.
For a detailed table of contents and pricing information on this timely, insightful
report, contact Lucintel at +1-972-636-5056 or via email at helpdesk@lucintel.com. Lucintel provides cutting-edge decision
support services that help facilitate critical decisions with greater speed, insight,
and cost efficiency. To find out more, please visit www.lucintel.com.