NEW YORK, Aug. 17, 2015 /PRNewswire/ -- There is no one single solar PV market. Local market conditions, retail electricity rates, incentives, and types of systems all vary widely and dramatically affect the cost of a system and its applicability to a region. Following years of solar PV module oversupply and unsustainable, often artificially low pricing, demand has finally caught up. 2015 is expected to be the year that the global solar PV market shifts from a high-cost, subsidized source of energy to a role in which it can compete with and displace other technologies.
Market activity is shifting from Europe to Asia Pacific and the United States as these markets reach maturity and near grid parity in terms of costs. There is also considerable opportunity in other regions, led by Chile, South Africa, and the Middle East. At the same time, solar PV is becoming a commodity. Solar PV technology costs have steadily declined and pathways to further cost reductions are being pursued. By the end of the decade, solar PV is expected to be cost-competitive with retail electricity prices without subsidies in a significant portion of the world. According to Navigant Research, global annual revenue from solar PV installations is expected to surpass $151.6 billion in 2024.
This Navigant Research report provides solar PV capacity and revenue forecasts through 2024, with a focus on distributed systems, broken down by region and select country. Policy issues and market drivers are detailed for each region, along with average prices over the forecast period. The report also includes a detailed discussion of significant inflection points that will help shape the solar PV market over the next several years, as well as profiles of key industry players.
Key Questions Addressed:
How much solar PV capacity will be installed worldwide from 2015 to 2024?
What percentage of the solar PV installed in each country will be distributed (<1 MW) versus non-distributed (>1 MW)
What are the estimated region-specific installed solar PV system prices during the forecast period?
What impact will the expiration of the investment tax credit (ITC) have on the U.S. market?
Will China, India, Japan, and other countries meet their ambitious solar PV targets?
What is the forecast for solar PV revenue through 2024, broken down by market segment, region, and selected country?
Who needs this report?
Solar PV module and component manufacturers
Solar PV project developers, integrators, and installers
Engineering, procurement, and construction (EPC) firms
Government agencies and policymakers
Read the full report: http://www.reportlinker.com/p03102246-summary/view-report.html
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