TechNavio today published its report Global Photovoltaic Market 2010“2014 based on an in-depth study covering the Americas, and the EMEA and APAC regions. The report aims to aid decision makers™ understanding of the present and future landscape of this market.
Commenting on the report, an analyst from TechNavio™s Telecom team said, The photovoltaic industry is growing at a very fast pace, but the development is concentrated in some countries. The consumption is the maximum in European nations like Germany and Spain while countries like US, China and India are still lagging behind. However, China being a manufacturing hub and home to many photovoltaic products exhibits huge potential for growth.
According to the report, the main driver that is influencing the growth of this market is the incentives given by various governments, such as a feed-in traffic program. This is a policy mechanism to accelerate the investments in renewable energy technologies. It achieves this by offering long-term contracts to renewable energy producers, typically based on the cost of generation of each different technology. This was the major reason behind the massive growth in 2010. This is expected to decrease in 2011.
The report also discusses the key challenges faced by this market including pricing.
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/global-photovoltaic-market-2010-2014.
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TechNavio Announces the Publication of its Report “ Global Photovoltaic Market 2010“2014
