According to our latest research report, "Global Photovoltaic Market Forecast to 2013", the global PV industry has been propelled by the consistent efforts and investment from European countries, followed by Japan and the US. As a result, the cumulative PV installed capacity in Europe surpassed 9 GW in 2008, with Germany and Spain collectively accounting for more than 90% of the total capacity as of the end of 2008.
The increasing demand for PV system installations has also led to the rapid development of solar cell manufacturing worldwide. In this regard, countries in the Asia-Pacific region, such as China and Taiwan, have gained significant traction in recent years. China, for instance, produced over 2 GW of solar cells during 2008, and is forecasted to see a CAGR of more than 50% in the next few years. We have also found that traditionally, high cost of deploying PV cells had been the major roadblock for the development of the global PV industry. But with the constantly declining cost of PV production, the industry is set to pave the way for the deployment of this technology, mainly in the developing economies.
This report focuses on the growing marketplace for PV industry at global as well as at the country level and analyzes the current market trends along with future growth prospects of the industry. It contains detailed data on cumulative PV capacity, annual installed PV capacity, and the future market potential of the key countries. It will help clients to discover the forces backing the growth of the PV industry alongwith the detailed information on the future opportunities. The report also features the leading-edge opportunities critical to the success of the PV industry. From the future perspective, PV market EPIA scenario has been taken into consideration under set of certain assumptions.