Solar PV Market in Asia 2015-2019
About Solar PV
PV is a method of generating electricity through the conversion of solar radiation using semiconductors that exhibit the PV effect. PV power generation uses solar panels composed of several solar cells containing a PV material. Materials presently used for PV include mono-c-Si, poly-c-Si, a-Si, CdTe, and copper indium gallium selenide/sulfide. The conventional way of power generation through fossil fuels is continuously depleting and also causes environmental damage. Therefore, eco-friendly renewable methods of power generation such as PV have become popular over the last decade. PV power is generated by the mono-c-Si method, which is the most efficient and least expensive approach. PV power is a good option because its source, solar energy, is free, and even the maintenance cost is negligible.
TechNavio's analysts forecast the Solar PV market in Asia to grow at a CAGR of 23.7 percent over the period 2014-2019.
Covered in this Report
This report covers the present scenario and the growth prospects of the Solar PV market in Asia for the period 2015-2019. To calculate the market size, the report considers the cumulative installed capacity of solar PV in the following Asian countries:
TechNavio Announces the Publication of its Research Report – Solar PV Market in Asia 2015-2019
TechNavio recognizes the following companies as the key players in the Solar PV Market in Asia: AU Optronics Corp (BenQ Solar), Hangzhou First PV Material Co., Panasonic Corp., Sharp Corp., Shunfeng Photovoltaic International Ltd. and SunEdison.
Other Prominent Vendors in the market are: Hanwha Solarone, JA Solar, Jinko Solar, Kyocera, Trina Solar and Yingli Green Energy.
Commenting on the report, an analyst from TechNavio’s team said: “One of the major trends in this market is the increase in awareness about the technology. Various national authorities across the globe are encouraging companies to manufacture PV modules.”
According to the report, one of the major drivers of this market is the increase in government support. There has been a continuous increase in government support in terms of FIT and PPA. Moreover, there are several other factors that are driving the growth of this market.
Further, the report states that the uncertainty in policies is a significant threat to market vendors. This leads to delays in project approvals resulting in increased costs and installation time.
AU Optronics (BenQ Solar), Hangzhou First PV Material, Panasonic , Sharp , Shunfeng Photovoltaic International , SunEdison , Hanwha Solarone, JA Solar, Jinko Solar, Kyocera, Trina Solar, Yingli Green Energy
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