London, 09 October 2014 – TechNavio, a global tech-focused research firm has announced the publication of its market research report on the Global Solar PV Market 2014-2018.
Photovoltaic (PV) power generation uses solar panels composed of a number of solar cells that contain a PV material like mono-c-Si, poly-c-Si, a-Si, CdTe or copper indium gallium selenide/sulfide. The Global Solar PV Market is expected to grow at a CAGR of 20.3 percent during the forecast period.
About the Report
The latest report by TechNavio focuses on an increase in government support, which is boosting market growth. There is a continuous increase in government support in terms of Feed in Tariff (FIT) and Purchase Power Agreements (PPA). In addition, the report also emphasizes the increasing investments by various governments in the solar industry that has become a major trend in the market.
“Various national authorities across the globe have encouraged companies to manufacture solar PV modules. In the US, Canada and Japan, governments have been offering grants to produce solar cells and modules. For example, the Canadian government has invested US$1.7 million in the generation of emission-free electricity in many remote locations in Canada through solar cells,” says Faisal Ghaus, Vice President of TechNavio.
Key Information Covered in the Report:
Market segmentation, size and forecast through 2018
Market Growth Drivers:
- Increase in Government Support.
- For a full detailed list, view our report.
Market Challenges:
- Seasonal Fluctuations in Solar Power Availability.
- For a full detailed list, view our report.
Market Trends:
- Increase in Investment by Various Governments.
- For a full detailed list, view our report.
Key Vendors:
- First Solar Inc.
- Suntech Power Holdings Co. Ltd.
- Trina Solar Ltd.
- Yingli Green Energy Holding Co. Ltd.
Other Prominent Vendors:
- Bosch Solar Energy
- Canadian Solar
- Dyesol
- EniPower
https://www.technavio.com/%3Cp%3E%3Ca%20href%3D%22http%3A//www.technavio….
