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 present its findings in the report, “Growth Opportunities in Solar Photovoltaic Market 2011-2016: Trends, Forecasts 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 forecasted 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.
This unique report from Lucintel can provide valuable information, insights, and tools needed to identify new growth opportunities and operate successfully in this market. This report could save hundreds of hours of your own personal research time and is likely to significantly benefit you in expanding your business in this market. In today’s unsettled economy, you need every advantage that you can find to keep ahead in your business.
To make business, investment, or strategic decisions, you need timely and adequate information. This market report fulfills this core need and is an indispensable reference guide for multi-national materials suppliers, product manufacturers, investors, executives, distributors and others who are operating in this market.
Some of the features of “Growth Opportunities in Solar Photovoltaic Market 2011-2016: Trends, Forecasts and Market Share Analysis” include the following:
Major applications of solar pv systems
Value chain analysis for solar pv
Market size of solar pv by volume shipment
Key drivers and challenges for the growth of solar pv market
Levelized cost of energy (LCOE) for various energy sources in terms of $/MWh
Trend and forecast of solar pv system in terms of installations
Emerging trends in the solar pv market
More than 85 valuable figures/charts and 13 tables are provided in this roughly 132 pages