Global Solar Power Industry announces demand is anticipated to nearly double between 2010 and 2013, reaching 19.3 gigawatts

Friday, Jan 25, 2013

Research and Markets (http://www.researchandmarkets.com/research/5rcgh5/global_solar) has announced the addition of the "Global Solar Power Industry" report to their offering.

The global solar energy market has undergone a dramatic transformation over the past two years, driven by a new abundance of polysilicon, the effects of the worldwide financial crisis, and the plunging price of solar modules. The worldwide demand is anticipated to nearly double between 2010 and 2013, reaching 19.3 gigawatts by the end of that period. In this market environment, some of the key differentiators that will determine success for solar suppliers will include cost per watt, module efficiency, presence in key growth markets, supply chain integration, and availability of financing.

The industry has shifted from supply-constrained to demand-driven, and a few strong companies have been able to strengthen their revenues and market share based on a low cost per watt combined with high module efficiency. The solar industry has been preoccupied with Italy. For about last couple of months, the Italian market boomed, driven by a feed-in tariff guaranteeing a minimum price for solar electricity for 20 years.

The technologies used to collect and store solar energy are constantly evolving, allowing for increased efficiency and cost effectiveness. These top ten stock listed solar companies continue to promote growth and meet the challenge of providing sustained profitability to their investors head on.

Source: Business Wire