Global PV market will have an increase in the following several years

June 21, 2011

The report of PV cells market, 2011 is released by Research and Markets. According to the report, the market share of solar power accounts a relatively small proportion in global power generation, but the proportion is expected to probably increase. Solar cells or PV modules is through the photoemission to convert the solar power into electricity. Two main technologies of PV cells and thin film cells included crystalline silicon which is one of the most widely use technology. In the past five years, the installation of global Solar PV system increase at a tremendous speed which is largely due to the measures of government promotion in utilizations of renewable energy. Europe is the largest Solar PV market in the world, followed by Japan and Unite State. From the aspect of country, Germany owns the largest PV market share. Although China currently doesn’t own a larger share in solar PV installation, the share is expected to increase in the future. Simultaneously China is leading country of solar PV cells production, Japan and Taiwan come next. The reason of China becoming the largest PV-producing country is that the Chinese PV manufacturers are competitive in production cost. Emerging Solar PV market is expected to increase in future such as China, India, Australia and South Africa. Countries in Sunbelt area with abundant sunshine possess a large amount of undeveloped solar energy, which is of great development potential. Owing to little environment impact, couple with the government stimulating policy, Solar PV industry would probably push forward the advance in several years. Solar PV costs much higher, so it requires us to endeavor to cut the cost in order to make the price more acceptable. As the population grows, the demand of renewable is expected to increase in future.