Mumbai, Maharashtra, India
Solar photovoltaic industries are slowly overcoming inhibitions associated with them to become a viable alternative as distribution generation systems. Market penetration and acceptability is expected with new improved, modular, affordable, adaptive and aesthetically acceptable systems in place.
Frost & Sullivan (http://www.energy.frost.com) finds that the Global Solar Photovoltaic Market earned revenues of $6.49 billion in 2005 and estimates this to reach $16.43 billion in 2012.
If you are interested in a virtual brochure, which provides manufacturers, end users, and other industry participants an overview of the latest analysis of the Global Solar Photovoltaic Market, then send an e-mail to Samantha Unnikrishnan and Surbhi Dedhia - Corporate Communications at sunnikrishnan@frost.com/ sdedhia@frost.com with the following information: your full name, company name, title, telephone number, e-mail address, city, state and country. We will send you the information via email upon receipt of the above information.
New Ribbon type technology that reduces process waste and consumes less of the wafer material has slowly but surely over the last two years effected the continuation of production to match demand. Further, new breakthroughs in conversion efficiency of thin film technologies of 13.5 percent will in effect bring in a reduction of silicon consumed per square meter of installation for the same output power.
"Silicon feedstock supply constraints growth in the solar photovoltaic industry," notes Frost & Sullivan Industry Analyst Pramodh Panchanadam. "Only by increasing production capacity and use of new technologies in both manufacturing and production processes will the effects of this constraint be mitigated.
However, the market is still largely dependent on government support and political will. With the political mood swinging towards lowering of imports in solar products to the market especially in Europe, a strong fear psychosis has griped the market that demand may not be met.
"The industry, to sustain growth, will need to look in to what it can do to pull away from a subsidy supported to market driven entity," explains Panchanadam. " For this, it will need to entrench on market fundamentals such as restructuring its supply chain, distribution network and marketing structure."
Solar cell and module manufacturers in addressing feedstock supply issues go for extended supply contracts as a strategic step to secure their raw material requirements. However, beyond 2009, when most of the contracts expire, companies will have to rethink on being niche manufacturers or vertically integrated to better control their supply chain. In addition, innovative strategies such as having joint ventures with regional Asian players to reduce manufacturing costs will also play a major factor in deciding market share in the future.
Global Solar Photovoltaic Market is part of the Energy and Power Supplies subscription, which also includes research in the following markets: North American Power Plant Services Market, U.S. Electric Cooperative Power Distribution Equipment and Energy IT & Services Markets, North American Automated Meter Reading Markets. All research included in subscriptions provide detailed market opportunities and industry trends that have been evaluated following extensive interviews with market participants. Interviews are available to the press.
Frost & Sullivan, a global growth consulting company, has been partnering with clients to support the development of innovative strategies for more than 40 years. The company's industry expertise integrates growth consulting, growth partnership services, and corporate management training to identify and develop opportunities. Frost & Sullivan serves an extensive clientele that includes Global 1000 companies, emerging companies, and the investment community by providing comprehensive industry coverage that reflects a unique global perspective and combines ongoing analysis of markets, technologies, econometrics, and demographics. For more information, visit http;//www.frost.com
Global Solar Photovoltaic Market
F633
Samantha Unnikrishnan, Frost & Sullivan, +91 (044) 4204 4667 sunnikrishnan@frost.com
Surbhi Dedhia, Frost & Sullivan, +91 (022) 5001 3431 sdedhia@frost.com
Source: Frost & Sullivan (Business Wire India)
Press release presented here is sourced from the Source mentioned above and is provided on as-is basis. Please contact the Company / Source directly for any further information in regard to this release. This website will be unable to assist you in regard to the accuracy or correctness of information in this release.
