The
solar photovoltaic (PV) installation market will receive a massive
impetus. A latest report by Transparency Market Research reveals that
the solar PV installation market will be worth US$145.9 billion by
2018, charting a CAGR of 10.7% between 2012 and 2018.
Browse
the full report at Solar
Photovoltaic (PV) Installation Market
http://www.transparencymarketresearch.com/solar-photovoltaic-market.html
According
to the findings of the market research report, in 2011 the global
solar photovoltaic installation market was recorded at 29.6
gigawatts. The market, with an estimated growth rate of CAGR of
10.7%, will likely have installed capacity of 60.05 gigawatts by
2018. In revenue terms, the global market for solar photovoltaic (PV)
installation is projected to be valued at US$145.9 billion by 2018.
The
key growth drivers in the solar PV installation market, according to
the report, are: a mounting demand for electrical energy worldwide,
abundantly available solar energy in most geographical locations
worldwide, government regulations that favor the expansion of solar
PV installation, and heightened concerns about sustainable energy
sources and environment conservation. The prices of solar PV cells
and the cost of installation have both dipped considerably in the
last few years. This has been good news for the global solar PV
installation market, as it has resulted in more consumers embracing
solar energy.
Much
of the solar PV installation market is dominated by countries in the
EMEA region, which accounts for 75.7% of the total share. Asia
Pacific came a close second to the EMEA region. Here, the growing
demand for solar energy in commercial, residential, and utility-scale
sectors has translated into gains for the solar photovoltaic
installation market.
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for customization of this report
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As
several industries continue to include more solar energy to their
overall energy-consumption portfolio, the demand for solar PV
installations will likely witness a surge. All of these factors will
only be supplemented by a strong backing by governments across
various countries. As prices of solar PV installations drop, the
cost-conscious markets for Asia-Pacific will show a growing
inclination towards solar power.
Browse
all Press Releases:
http://www.transparencymarketresearch.com/press-releases.htm
The
solar PV installation market is expected to witness high growth in
the residential sector, which accounted for 30.22% of the total solar
PV installation demand in 2011. TMR’s market analysts estimate that
this will be a high-growth area in the coming years, and will capture
a larger share of the market demand (approximately 33.36%) by 2018.
The
report also studies the solar PV installation market on the basis of
technology. The report finds that the crystalline silicon solar PV
installation technology was the most dominant with an 80.81% market
share in 2011. By grid type, the segment of grid-connected solar PV
installation was the single-largest and highest in 2011 at 98.03% of
the total installed capacity.
Browse
all Article :
http://www.transparencymarketresearch.com/articles.htm
The
report provides a complete set of recommendations and opportunity
assessments so as to help buyers of this report make the maximum
impact in the global solar photovoltaic installation market in the
coming years.
Browse
all Energy Industry Research Reports @
http://www.transparencymarketresearch.com/energy-market-reports-3.html
About
Us
Transparency
Market Research is a global market intelligence company, providing
global business information reports and services. Our exclusive blend
of quantitative forecasting and trends analysis provides
forward-looking insight for thousands of decision makers. We are
privileged with a highly experienced team of Analysts, Researchers,
and Consultants, who use proprietary data sources and various tools
and techniques to gather, and analyze information.
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data repository is continuously updated and revised by a team of
research experts, so that it always reflects the latest trends and
information. With a broad research and analysis capability,
Transparency Market Research employs rigorous primary and secondary
research techniques in developing distinctive data sets and research
material for business reports.
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