LONDON, April 14, 2015 /PRNewswire/ -- REPORT HIGHLIGHTS
The global photovoltaic (PV) modules market was valued at $32.6 billion in 2013 and $34.6 billion in 2014. This market is expected to decrease to $27 billion by 2019, with a compound annual growth rate (CAGR) of -4.8% from 2014 to 2019.
This report provides:
An overview of the global markets and technologies for photovoltaic systems.
Analyses of global market trends with data from 2013, 2014, and projections of CAGRs through 2019.
Information about the PV industry on a global basis, including manufacturing capacity and consumption by various regional markets.
Coverage of building integrated photovoltaics (BIPV), polysilicon, the feedstock for PV, as well as the components comprising the balance of systems (BOS) for solar systems.
Analysis of the market's dynamics, specifically growth drivers, inhibitors, and opportunities.
Details covering market impact from sources such as the surge in global demand for energy, incentives for solar sales and installations, and declining costs of photovoltaics.
Profiles of major players in the industry.
SCOPE OF REPORT
The scope of this study encompasses the major PV technologies: monocrystalline silicon, multicrystalline silicon, thin films (e.g., amorphous silicon, cadmium telluride, copper indium gallium selenide), compound semiconductor materials (e.g., gallium arsenide) and emerging approaches such as nanostructured films, dye- sensitized solar cells and organic technologies. BCC Research analyzes each technology, examines its current and potential efficiency, assesses the current market status of each, examines its future market impact and presents shipments of PV modules and their values for 2013, 2014 and 2019. Various technical issues are discussed and a thorough economic analysis of each technology and its impact on future growth is presented.
In this report, we analyze the PV industry on a global basis, including manufacturing capacity and consumption by various regional markets. We examine government funding and support, industry involvement, standards, the environmental impact of solar energy and the impact of incentives to use PV. We also discuss the potential for applications—both grid-connected and stand-alone. Projections of module shipments by major applications are also presented for the five years covered in our study.
Not covered in this report are subsectors that are unquestionably a part of solar power but do not use photovoltaics, such as concentrating solar thermal systems, solar water heaters and the like.
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