Solar PV Market - Industry Analysis, Growth, Trends and Forecast to 2020 | Hexa ResearchA Chapter by Markets InsightsRising cost of electricity in various countries is also a factor propelling the solar PV market.As per
the findings of a study conducted by Hexa Research, the total worldwide Solar
PV (photovoltaic) installed capacity for 2020 will be more than 480GW. Key
factors contributing to growth are higher global emphasis on clean energy
production coupled with governmental support in the form of beneficial policies
for development of Solar PV Market.
Sunbelt countries will particularly gain from regulations like Feed in Tariff
which is a preferential rate program.
Hexa
Research foresees falling prices of energy generated using Solar PV in future,
chiefly due to huge increase in capacity, especially in China. The global Solar
PV market demands that companies employ innovation and differentiation
strategies as a way to grow. Alliances and partnerships are crucial for gaining
competitive edge.
Browse Details of Report @ https://www.hexaresearch.com/research-report/solar-pv-industry/
Non-residential
applications of Solar PV are likely to grow at a CAGR higher than 19% from 2013
to 2020 owing to substitution of conventional energy forms by solar energy in
Sunbelt regions. Hexa Research observed that Utility Solar PV, with more than
44% share in the total installed capacity, was the biggest end use segment in
the global Solar PV market in 2012. The study forecasts that this segment will
experience fastest growth in coming years.
Countries
like Germany, France, and Spain, among others led to Europe hosting the largest
capacity of Solar PV i.e. more than 68GW, in 2012. However, in future, most
demand will be generated from rapidly developing Asia Pacific markets like
China, India, Taiwan, etc. China, with factors like low raw material costs and
supportive regulations will experience exponential growth at CAGR of more than
34.5% from 2013 to 2020. Lower than expected development of Solar PV in
high-potential nations like Brazil and Chile in Latin America and Saudi Arabia
in the Middle East may hinder market growth.
Key
operators in the global Solar PV industry are Yingli Green Energy from China
and First Solar from US. Other notable participants are Trina Solar, Sharp,
REC, etc.
Browse Related Category Market Reports @ https://www.hexaresearch.com/research-category/energy-and-power-industry About Us: Hexa
Research is a market research and consulting organization, offering industry
reports, custom research and consulting services to a host of key industries
across the globe. We offer comprehensive business intelligence in the form of
industry reports which help our clients obtain clarity about their business
environment and enable them to undertake strategic growth initiatives.
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Shaw Hexa
Research Felton
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States Phone:
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Added on March 6, 2017 Last Updated on March 6, 2017 Tags: solar PV market, solar PV market size, solar PV market share, solar PV market analysis, solar PV market growth, solar PV market trends, solar PV market forecasts AuthorMarkets InsightsFelton, CAAboutAbout Us: Hexa Research is a market research and consulting organization, offering industry reports, custom research and consulting services to a host of key industries across the globe. We offer c.. more..Writing
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