Tuesday, May 21, 2013

Global crystalline silicon solar PV module market to reach $34,066 million by 2017

IRELAND: Research and Markets announced the addition of the "Global Crystalline Silicon Solar PV Module Market 2012-2017: Trends, Forecasts and Opportunity Analysis" report to its offering.

The booming solar industry has been a key driver for growth in global crystalline solar photovoltaic (PV) module market. With the prevailing growth prospects in the solar market, the crystalline silicon solar PV module market also is anticipated to benefit. After experiencing good growth during 2006-2011, the market is forecast to witness modest growth over 2012-2017.

This report studies the crystalline silicon solar PV module market with an in-depth analysis of all the four regions: North America, Europe, Asia Pacific, and the Rest of World. Europe was the market leader in 2011 and is expected to remain the largest market, but North America is expected to depict the highest growth over 2012-2017.

The author has identified that next-generation technology risks, difficulty in obtaining financing, and the high levelized cost of energy (LCOE) are the major market growth challenges. Driving the market to the future are the continuation of government involvement such as feed-in-tariffs, ongoing cost reductions, the move toward environment friendly energy sources, and greater efficiency in less space.

The price of crystalline silicon solar PV modules significantly decreased, increasing their attractiveness to investors and accelerating the technology's drive toward competitiveness with conventional electricity sources. Significant reduction has been observed in the crystalline silicon solar PV FITs in Europe.

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