The Expenditure on Solar Energy Photovoltaic Output in 2011 Will Reach $50.62bn

Visiongain’s latest energy report, The Solar Power Photovoltaic (PV) Market 2011-2021, takes a comprehensive look into this modern industry. Visiongain calculated that expenditure on photovoltaic output in 2011 will reach $50.62bn. Capital expenditure on solar power photovoltaic will see unprecedented growth over the forecast period as emerging market such as China invest heavily on PV technologies.

The future for photovoltaic solar power generation is brighter than ever before as the costs of production is falling and new power technologies are enabling companies to roll out photovoltaic (PV) panels on a larger scale, with greater efficiency. Although in many regions of the globe consumers still require financial support from governments to buy PV panels, the cost of electricity from PV panels is expected to fall continually over the years to come, and eventually be as competitive as conventional processes of electricity generation. In remote locations unconnected to the grid, solar photovoltaic power is already an effective replacement for grid connections. In countries like Australia and the United States long distances and few distribution points make centralised power relatively expensive. The use of solar power photovoltaic along with storage systems is becoming an alternative option to a direct grid connection.

Energy companies and governments around the world will invest large sums of money in solar power photovoltaic infrastructure over the coming years. The replacement of old centralised and often carbon-intensive infrastructure is required as well as the satisfaction of a rapidly growing demand for electricity. Many governments around the globe still offer very generous feed-in tariff rates to support the fledgling photovoltaic industry. Governments are also spending large sums of money directly, supporting utility scale photovoltaic solar farms.

Electricity prices are soaring as a result of high commodity prices and energy companies are faced with difficult investment decisions with regard to sourcing their future electricity supply. Some energy companies are favouring solar power as a solution because of its low maintenance cost and the financial incentives provided by the government.

This The Solar Power Photovoltaic (PV) Market 2011-2021 report includes; quantified forecasts for the global and national markets, offering insight into why companies are heavily investing in photovoltaic technology and which regions will experience the fastest and slowest growth from 2011-2021. This report outlines a study of drivers, restraints and a SWOT analysis underpinned by two interviews with industry experts. The leading active companies in the sector are listed in the report. This compilation of valuable information and market data creates a truly unique report only available from visiongain. You will gain valuable insights into the future developments of the solar photovoltaic industry by ordering The Solar Power Photovoltaic (PV) Market 2011-2021 report.