London, 13 February 2015 – TechNavio has announced the publication of a new market research report on the Solar Panel Market in the APAC Region, which is expected to grow at a CAGR of 11.5 percent from 2014-2019.
About the Report
According to the latest report from TechNavio, the hazardous emissions of green-house gases pose a major threat to the environment. However, GHG emissions can be reduced to a certain extent with the help of alternative sources of energy such as solar. Increased awareness surrounding the benefits of solar energy has resulted in growing demand for solar panels.
“The rising cost of fossil fuels has resulted in increased investment in solar power generation, thus boosting the Solar Panel Market in the APAC Region,” says Faisal Ghaus, Vice President of TechNavio.
The new report also draws attention towards significant technological innovation in the solar panel market. The key innovation in this field is the development of thinner, more efficient solar wafers, which reduce the cost of solar panels.
“More efficient solar wafers and the automation of power plants in the APAC region are some noteworthy technological advancement that have led to increased incorporation of solar power into power grids,” says Ghaus.
Key Information Covered in the Report:
Market segmentation, size and forecast through 2019
Market Growth Drivers:
- Increased Solar Energy Consumption
- For a full detailed list, view our report.
Market Challenges:
- Low Energy Conversion Efficiency
- For a full detailed list, view our report.
Market Trends:
- Ambitious Solar PV Targets
- For a full detailed list, view our report.
Key Vendors:
- JinkoSolar Holdings Co. Ltd.
- Sharp Corp.
- Suntech Power Holdings Co. Ltd.
- Trina Solar Ltd.
Other Prominent Vendors:
- Bosch Solar Energy
- Hanwha SolarOne
- HHV Solar
- JA Solar
https://www.technavio.com/%3Cp%3E%3Ca%20href%3D%22http%3A//www.technavio….
