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Market Research Report

Global Market Review of Solar Photovoltaic Power Generation

Published by Research Analysts Ltd.
Published March, 2009 Product code 84430
Content info 74 pages
Price
US $ 1100 PDF By E-mail (Single User License)
US $ 1760 Bundled prices (Single User License)
US $ 3300 PDF By E-mail (Single Site, Corporate License)
US $ 5280 Bundled prices (Single Site, Corporate License)


Global Market Review of Solar Photovoltaic Power Generation published by Research Analysts Ltd. in March, 2009. This report consists of 74 pages and the price starts from US $ 1100.

Introduction

Abstract

As attention is being focused on the depletion of fossil fuels and the problems of global warming, solar cells are expected to form the core of new sources of energy. A combination of government incentives, interest in investors in ' green and clean' technology coupled with growing demand from consumers for cheaper alternatives to fossil fuels have ignited a boom in all forms of solar energy.

This report is intended to provide an overview of the global solar photovoltaic power generation market, providing detailed information on the main drivers, trends, opportunities and challenges facing the sector. For instance, one of the key issues for photovoltaic market is to reduce the ratio of manufacturing cost to power output, and more specifically for solar modules, the manufacturing cost per kWh. As this report indicates, as the market and industry continues to grow and develop, such cost reductions are being achieved through improvements in technology, economies of scale and increased efficiency in all parts of the value chain.

Chapter 1 reviews solar power as an alternative source of energy, defining the elements, benefits and challenges facing the industry. Solar power is one of the cleanest electric generation sources, capable of generating electricity without air or water emissions, noise, vibration, habitat impact or waste generation.

Chapter 2 considers the market for solar photovoltaic power, defining the key processes and issues. Photovoltaic technology, such as thin film solar panels, converts sunlight into electricity. Growing concern for the climate and the need for additional energy sources have made governments around the world take measures to support investments in and use of renewable energy.

Chapter 3 considers the various market incentives and political influences. It also reviews the current market opportunities and predictions for solar photovoltaic power generation over the next few years alongside the challenges and threats the industry is facing.

Chapter 4 considers the current status and prospects of the major national solar markets, namely Germany, Spain, Japan, US, Italy, France, South Korea and India.

Chapter 5 addresses a number of issues facing the solar photovoltaic market. The solar photovoltaic market is one of fastest growing markets in the renewable energy sector. Over the next decade or so, photovoltaics is on course to become more and more cost competitive due to lower production costs and long term stable technical systems.

Chapter 6 profiles the major manufacturers of solar cells and modules, namely: Ascent Solar

Evergreen Solar Inc; First Solar; Kyocera Corporation; Mitsubishi Electric; Motech Industries; Q-Cells AG; Renewable Energy Corporation; Sanyo Electric; Sharp Corporation; SolarWorld AG; SunLink Corporation; Sunpower Corporation; Suntech Power; and United Solar.

The scope of this report:

  • Assesses the global trends in the demand for thin film photovoltaic
  • Highlights some of the major investments being made by manufacturers in terms of technology and R&D focus
  • Describes the encapsulation materials being used for solar photovoltaics, including EVA and PVB
  • Discusses the current commercial status and future viability of the photovoltaic industry
  • Reviews status and prospects of the major national solar markets
  • Profiles the major manufacturers of solar cells and modules
  • Considers market incentives, political influences, challenges and threats facing the photovoltaic industry
  • Addresses the key issues facing the photovoltaic industry
  • Although the solar power industry faces promising prospect for growth, it must address some major challenges in commercializing organic photovoltaics. The report includes comment and coverage of a range of manufacturers, setting out how they are overcoming the major hurdles to commercialization.

Table of Contents

  • List of tables
  • List of figures
  • Preface
  • Executive Summary

1: Solar power: a bright future

  • Why solar power?
  • Solar conversion process
  • Defining the elements
  • Solar power benefits
  • Challenges facing the solar power industry
  • Solar power industry value chain

2: Market overview

  • Why solar photovoltaic power?
  • Defining the elements
  • Manufacturing process
  • Product lifetime issues

3: Market analyses

  • Market incentives and political influences for Solar Photovoltaic Power Generation
  • Market competition for Solar Photovoltaic Power Generation
  • Recent technical advances for Solar Photovoltaic Power Generation
  • Market opportunities and forecasts for Solar Photovoltaic Power Generation
  • Market challenges and threats for Solar Photovoltaic (PV) Power Generation

4: National markets

  • Major national solar markets:
  • Germany, Solar Markets:
    • present
    • future
  • Spain, Solar Markets:
    • present
    • future
  • Japan, Solar Markets:
    • present
    • future
  • United States, Solar Markets:
    • present
    • future
  • Other key national solar markets:
    • France, Solar Markets
    • India, Solar Markets
    • Italy, Solar Markets
    • South Korea, Solar Markets
  • Case studies:
    • “Supplying solar photovoltaic electricity generating systems to developing countries”
    • “First Solar power plant for the Papal State”

5: Market prospects

  • What are the prospects for the solar PV module market?
  • When will grid parity in Europe be achieved?
  • What will be the impact on the solar energy market of the change in subsidy policies?
  • What will be the impact on the solar PV following the expansion of incentive policy-oriented leadership?
  • What are the opportunities for the glass industry?
  • What is the long-term challenge of the solar energy sector?
  • What will be the impact of the current global financial crisis?

6: Major manufacturers of solar cells and modules

  • Ascent Solar
  • Bosch
  • Evergreen Solar Inc
  • First Solar
  • Kyocera Corporation
  • Mitsubishi Electric
  • Motech Industries
  • Q-Cells AG
  • Renewable Energy Corporation
  • Sanyo Electric
  • Sharp Corporation
  • SolarWorld AG
  • SunLink Corporation
  • Sunpower Corporation
  • Suntech Power
  • United Solar

Glossary of terms

List of tables

  • Table 1: Technologies used in the solar power industry
  • Table 2: Historical development of cumulative installed global and EU photovoltaic capacity, 1998 - 2007, MWp
  • Table 3: Global annual market (MWp) and annual growth rate of photovoltaic industry in main markets, 2006 - 2012
  • Table 4: Global cumulative photovoltaic capacity assuming a pessimistic-driven scenario, 2001 - 2012, GWp
  • Table 5: Pessimistic market forecast for the major global photovoltaic markets, Germany, Spain, Italy, Greece, France, Portugal, US, China, Japan, South Korea, India and the Rest of the World, 2006 - 2012, MWp
  • Table 6: Policy-driven market forecast for the major global photovoltaic markets, Germany, Spain, Italy, Greece, France, Portugal, US, China, Japan, South Korea, India and the Rest of the World, 2006 - 2012, MWp
  • Table 7: Mitsubishi Electric' s current and projected growth of annual production capacity for photovoltaic cells and modules, 2003 - 2012, MW
  • Table 8: Sanyo' s solar production capacity, 2007 - 2009
  • Table 9: Q-Cells key figures, 2002 - 2007
  • Table 10: Sharp Corp' s cumulative solar cell production volume, 1998 - 2007

List of figures

  • Figure 1: The roof of the Stillwell Avenue Metro Station in New York is home to the world' s largest building-integrated solar plant with thin film modules
  • Figure 2: A photovoltaic unit from RWE Schott Solar on the roof of a single-family house
    • In 2008, Europe' s first commercial solar thermal parabolic trough power plant went on-stream near Granada, Spain
  • Figure 3: Europe' s first Plus Energy housing estate in Weiz, Austria runs on solar technology from Schott
  • Figure 4: Ersol Solar Energy AG' s manufacturing capacity in Arnstadt, Germany is being extended

Press Release

SOLAR PHOTOVOLTAIC MARKET FORTUNES ECLIPSED BY GLOBAL FINANICAL CRISIS

April 20th, 2009

Despite early market growth predictions, the global financial crisis has cast a shadow over the solar power sector. Research Analysts new report, Global Market Review of Solar Photovoltaic Power Generation, predicts an eventful few years in this sector of the renewable energy industry. While generating capacity will increase, there is some uncertainty in the industry regarding the pace of growth.

What is clear, though, is that solar power investments will be affected by the cost and availability of financing. The current crisis is impacting the short-term availability of finance with a knock-on effect on demand for photovoltaic power. Consequently, the established market leaders are restructuring their capital expenditure and optimising credit facilities. Meanwhile, a number of players from other industrial sectors are entering the solar industry, including Intel, GE, Hewlett Packard, Samsung, LG and Bosch.

As the market continues to grow - albeit at a slightly slower pace than in recent years -- cost reductions will be achieved through improvements in technology, economies of scale and increased efficiency in all parts of the value chain. The report shows the ways in which the major players are preparing to extend their global reach by looking at new countries to establish operations beyond the main photovoltaic markets in Germany, Spain, Japan and California.

Yet the solar photovoltaic power industry still faces a number of challenges. Solar energy is unable to compete with fossil-based energy sources. One of the key issues for the photovoltaic market is therefore to match the price of photovoltaic energy to traditional sources within the next few years. The report shows how grid parity will be reached progressively from 2010 onwards in several European countries; Italy will blaze the trail, closely followed by Spain and then Germany.

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