The global market for photovoltaics (PV) will increase from $12,908.8 million in 2007 to an estimated $16,083.3 million by the end of 2008. It should reach $32,252.3 million by 2012, a compound annual growth rate (CAGR) of 14.9%.The rapid growth of PV will be driven by the global demand for energy of all kinds, the potential problems of climate change, the renewable features of solar energy and improvements in PV technology and materials.
Silicon technology, which accounted for about 89% of the market in 2007, will continue to dominate through the end of our forecast period, but will represent only 79% of the market by 2013.
PVs date back to the 1950s and the advent of the space program, but the initial concerted efforts to fully develop this technology for industry and consumer use began during the oil embargoes of the 1970s. The eventual stabilization of oil prices, however, had a dampening effect on investment, tax credits, and government funding for research and development (R&D).
Despite these changes, the development of PV technology and materials continued, and in the late 1990s, R&D funding, cist-shared programs, and industry activity once again increased. Now, with the increasing demand for energy and the rising prices of fossil fuels, PV again offers assistance in meeting energy demands.
BCC Research examined this industry in a 2005 report, EGY014E-Photovoltaics: Markets and Technologies. Since the demand for energy is growing at unprecedented levels, and global climate change is demanding the development of alternatives to fossil fuels, we were interested in revisiting the state of PV technology, analyzing the major growth factors, and projecting the PV industry's growth potential.
The Research Paper contains;
- Descriptions of various types of photovoltaics (PV) technologies including monocrystalline silicon, multicrystalline silicon, thin films (e.g. amorphous silicon, cadmium telluride, copper indium diselenide) and compound semiconductor materials (e.g. gallium arsenide)
- Discussion of emerging approaches such as nanostructured films, dye-sensitized solar cells, and organic technologies
- The current market status for PV, trends and forecasts for growth over the next 6 years
- Technological issues including the latest trends and a thorough patent analysis
- Analysis of the industry's manufacturing capacity and consumption by various regional markets.
tag: Photovoltaic Market, Solar Energy, Research Paper
2 comments:
Nice blog. Keep up the good work. Cheers:-)
Thanks Marilyn.
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