Global Photovoltaic Market to Reach US$48b in 2014
according to IntertechPira
Leatherhead, UK July 28, 2009. The
global photovoltaic (PV) market, after experiencing a slow period
this year, is expected to double within the next five years,
reaching US$48 billion
Wafer-based silicon will continue as the dominant technology, but
amorphous thin-film and cadmium telluride (CdTe) technologies will
gain ground, and are expected to account for a combined 22% of the
market by 2014, according to a major new study by IntertechPira.
The
Future of Global Photovoltaics Markets provides detailed five-year
forecasts of the PV market by technology, application and geographic
region. It also addresses financial incentives, such as subsidies,
feed-in tariffs and purchase power agreements and their effect on the
development of the PV industry.
This
new study provides volume and value forecasts to 2014 for major PV
technologies, such as crystalline silicon, amorphous thin-film, CdTe,
and CIS/CIGS (copper indium diselenide/copper indium gallium
diselenide). It also provides forecasts for PV in on-grid and off-grid
(such as building-integrated) applications and identifies regional
growth opportunities.
A key
focus of the study is the market outlook for pivotal PV-adopting
regions such as Spain, Germany, Italy, France, Japan, and the US and
how the investment and regulatory climate in these regions is likely
to affect overall industry growth and widespread acceptance of PV.
“The
mid to long-term, prospects for the solar industry are positive,”
explains Publisher Adam Page “the subsidy models, which started in
Japan and then Germany, have spread to increasing numbers of
countries, and in many cases are starting to have significant impact
on domestic market take-up of PV.”
The
Future of Global Photovoltaics Markets is based on interviews with
executives in a cross-section of companies that supply raw materials,
cells and modules as well as those that provide system integration
services. It is also based on extensive analyses of published
literature and in-house data built up from years of gathering
information developed from conducting market research and technology
studies as well as executive-level conferences for the PV industry.
The
study provides in-depth quantitative data and analyses of the PV
industry, including growth forecasts to 2014 broken down by
technology, end-use application and region. This report is
comprehensive in that it addresses silicon-based PV cells as well as
emerging PV technologies and details the most significant market and
technology drivers along the PV supply chain. The study is designed to
help those in the photovoltaics business meet today’s challenges and
target key sectors.
Press
contact:
For editorial queries, details of the report or an expanded article
please contact: Rebecca Leigh +44(0)1372 802207
Rebecca Leigh
IntertechPira
IntertechPira provides market research, strategic and technical
consulting and conferences to niche, emerging and high growth
industries, including; photonics, biomaterials, plastic electronics,
home and personal care, alternative energy and chemicals, minerals and
performance materials. IntertechPira is a division of Pira
International and was formed following the acquisition of Intertech by
Pira International in 2005.
IntertechPira runs major European and US Photovoltaic Summits annually
attracting delegates from around the globe. It offers consultancy
services and has published a range of forecasts and technical studies
for the PV and related industries.