Noida, India (PressExposure) December 07, 2009 -- Highly volatile oil prices and depleting conventional sources of energy across the world have highlighted the need for renewable energy sources such as photovoltaic (PV) to rebalance the energy mix. Consequently, the installation of PV has been growing at rapid pace, leading to reduction in PV module costs with rising capacity, says our new research report âGlobal Photovoltaic Market Forecast to 2013â.
Our in-depth study of the global PV industry reveals that the annual global installed PV capacity surpassed around 5.6 GW, taking the total installed capacity to more than 14.7 GW worldwide at the end of 2008. The report states that the outlook of PV installation remains buoyant despite the global economic downturn, adding that the world will continue to witness start or completion of many PV projects installation over the forecast period.
To better gauge the global PV opportunities, our report provides an extensive research on several countries that have made a decent progress on PV installation and keenly interested to make it an important part of their future energy mix. It has been found that the countries in EU and Asia Pacific region are heavily investing in new PV technologies and production facilities, but a lot of work still needs to be done especially on the financial and marketing front.
âGlobal Photovoltaic Market Forecast to 2013â provides comprehensive analysis of rapidly growing marketplace for PV industry at the global as well as country level. It gives a broad overview of the current PV trends along with future growth prospects of the industry. It contains detailed data on annual installed PV capacity, cumulative PV capacity and the future market potential of key countries.
It will help clients to discover the forces backing growth in the PV industry along with the detailed information about the future opportunities. The report also features elaborate and qualitative analysis of roadblocks that are-and-will hamper growth in the PV industry. From the future perspective, PV marketâs EPIA scenario has been taken into consideration under set of certain assumptions.
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