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Noida, Uttar Pradesh, India, 2010/09/08 - With the high government support in the form of tariffs and effective regional PV developments across the world, the PV installations are expected to grow at a CAGR of 27% during 2010-2013.
According to our latest report entitled, “Global Photovoltaic Market Forecast to 2013”, the global PV industry has been moving along the growth path, despite hurdles like recession and economic slowdown. Rising government support through grants and investments, high promotional activities by countries to reduce dependence on natural resources, and increasing production capacity are some of the factors that led to a marvelous growth in the global PV industry. Further, our industry experts believe that the market will remain excellent and have estimated that the annual PV installations will reach 16.5 GW by 2013 growing at a CAGR of around 27% since 2010.
We have found that emerging markets are contributing a large part in the global PV industry and the rising awareness level regarding Photovoltaic applications is expected to strengthen the market even more. Countries like China and India have emerged as an attractive destination for PV sector participants with government support backing the industry. China, for instance, produced 2000 MW of solar PV cells in 2008, registering a growth of around 66.7% over the previous year. The country is well positioned to demonstrate its credibility in the global PV industry with installed capacity increasing on a large scale.
The report “Global Photovoltaic Market Forecast to 2013” covers all the necessary aspects regarding solar PV industry defining each factor in a concrete and an effective manner. The report analyses country level developments in PV sector and defines demand, production, installed capacity etc. with reliable data presentation. It covers Europe, Asia-Pacific, and the Americas regions with special emphasis on key countries and current situation of Photovoltaic market in these countries.
Moreover, the report addresses important topics such as PV cost analysis, Key industry trends, and Industry challenges providing sophisticated and effective knowledge portfolio to clients. The report also covers global PV performance and future outlook section that analyses photovoltaic market in a depth and presents current situation and futuristic view in a concrete manner. The use of effective forecasting techniques and methods complements the futuristic view and ensures reliable information. The report “Global Photovoltaic Market Forecast to 2013” is a source of useful and prudent analysis of the PV industry that will facilitate client in investment decision process.
RNCOS (rncos.com) specializes in Industry intelligence and creative solutions for contemporary business segments. Our professionals study and analyze the industry and its various components, with comprehensive study of the changing market behavior. Our accuracy and data precision proves beneficial in terms of pricing and time management that assist the consultants in meeting their objectives in a cost-effective and timely manner.