TechNavio today launched its report Photovoltaic Market in the APAC Region 2010-2014 based on an in-depth study. The report aims to aid decision makers™ understanding of the current and future landscape of this regional market.
Commenting on the report, an analyst from TechNavio™s Clean Tech team said, The increase in initiatives taken by the government is one of the significant factors boosting the growth of the PV market in the APAC region. For instance, the New National Energy Strategy is developed by the Ministry of Economy, Trade and Industry (METI), Japan; and focuses on improving the energy security of the country. This strategy has provided various subsidy programs for promoting the growth of the renewable energy industry, which also includes subsidies for the PV modules in the APAC region. The Asia Solar Energy Initiative is another Clean Energy Program that was introduced to enhance growth of the PV industry in the APAC region.
According to the report, an unexpected boom in the demand for PV was witnessed in Europe, in early 2010. Even though a few giant players were dominating the European PV market, those players could not meet the inflated demand with the existing production capacity. This created an opportunity for new players to enter the European PV market. This also prompted several Asian players to enter this region.
The report also discusses the key challenges impacting this market such as the low conversion efficiency.
The study was conducted using an objective combination of primary and secondary information including inputs from key participants in the industry. The report contains a comprehensive market and vendor landscape in addition to a SWOT analysis of the key players.
TechNavio, the market research platform of Infiniti Research Ltd, publishes periodic reports on niche and emerging technologies. For further information, please visit https://www.technavio.com/content/photovoltaic-market-apac-2010%E2%80%932014
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TechNavio Announces the Publication of its Report “ Photovoltaic Market in the APAC Region 2010-2014
