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PV Industry to Produce 10% of the World’s Power by 2035 - RNCOS

Jun 25, 2008

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The global PV industry provides vast growth opportunities to players as it is expected to generate nearly 10% of the world’s total electricity by 2035 and help in reducing the emission of carbon dioxide, says, “Photovoltaic Industry Analysis and Forecast”, a new market research report from RNCOS, a leading market research firm.
 
As per the report, one of the main reasons for high growth in PV industry is consistently falling PV generation costs, while general electricity costs are anticipated to rise consistently. As soon as the PV generation costs and residential power prices meet, ‘grid parity’ is achieved. By achieving grid parity, every kWh of the consumed PV power will save money as compared to the costlier power from the grid. The grid parity is anticipated to reach first in southern countries and then gradually spread in the northern countries. Moreover, the PV generation cost for some small-distributed systems operating in some of the major cities of the world indicate that the costs of solar energy (electricity) will be reduced by more than 50% by 2020.
 
The RNCOS research adds that another reason leading to high growth in the global PV industry is its emergence as the most silent and harmless method of power generation among all the known methods. As the global production of solar electricity increase, there will be a significant cut in the emission of CO2 into the atmosphere. Besides, PV power generation systems are more eco-friendly and do not release harmful by-products like fossil fuels. Hence, each installation of solar system will help avoid generating harmful pollutants that spoils the environment.
 
“Photovoltaic Industry Analysis and Forecast” provides comprehensive analysis on the rapidly growing PV industry at global and regional level. It gives detailed analysis on some of the key aspects of the industry, including current market trends, evolving market and growth prospects. The report also provides detailed data on fund allocated to PV, cumulative PV capacity, and annual installed PV capacity etc. The report enables clients to identify the driving forces of PV industry coupled with elaborate information on future opportunities critical for the success of the PV industry. The research report also gives forecast on solar market by region and globally and cumulative PV installed capacity. 

For more information visit: http://www.rncos.com/Report/IM084.htm


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