RNCOS Releases a New Report - Global Photovoltaic Market Forecast to 2013

RNCOS has recently added a new Market Research Report titled, “Global Photovoltaic Market Forecast to 2013” to its report gallery. The report focuses on the growing marketplace for PV industry.

Noida, India, April 07, 2010 --(PR.com)-- RNCOS has recently added a new Market Research Report titled, “Global Photovoltaic Market Forecast to 2013” to its report gallery. The dependence on fossil fuels and the associated volatility of their international prices, coupled with increasing concerns over the greenhouse gas emissions worldwide, has led to the evolution of the concept of renewable energy over the past few years. The industry has qualified as the most feasible solutions and has been increasingly gaining considerable attention among industry players all around the world. With growing demand for clean energy sources, the manufacturing and deployment of solar PV cells and photovoltaic arrays have expanded dramatically in the recent years, resulting in augmented market competition and abolishment of monopoly.

According to their latest research report “Global Photovoltaic Market Forecast to 2013”, the growth in global PV industry has been triggered by favorable government policies and billions of dollars worth of investment made in European countries, followed by Japan and the US. As a result, Europe captured close to 80% of total annual installed PV capacity in 2009, with Germany and Spain leading from the front.

The solar cell manufacturing is gaining significant momentum on the back of surging demand of PV systems installations around the world. Apart from the developments in the developed countries, some fast growing Asian economies have also shown notable improvements in overall PV industry progress. For example, China produced around 2 GW of solar cells during 2008 and a further growth, at a CAGR of above 50%, is expected to be seen in the next few years.

In their research, they have inferred that traditionally high deployment cost of PV cells had been the major hurdle for the development of global PV industry. However, with rapid technological developments in the PV industry and government initiatives, the PV production cost has considerably declined. Now, the developing countries are also taking active participation in the deployment of this technology and are considering it to reduce their dependency on fossil fuels.

The 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 installed PV capacity, annual installed PV capacity and the future market potential of the key countries, thereby helping clients to identify the factors critical to their successful market penetration and gain early entry advantages.

For Free Sample of this report visit: http://www.rncos.com/Report/IM203.htm

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About RNCOS:

RNCOS, incorporated in the year 2002, is an industry research firm. We are a team of industry experts who analyze data collected from credible sources. We provide industry insights and analysis that helps corporations to take timely and accurate business decision in today's globally competitive environment.

Shushmul Maheshwari