Growth Opportunities in the Solar Photovoltaic Market

In calendar year 2010, total worldwide solar photovoltaic (PV) system installations topped 16,568 MW with a value of US $75 billion. The market is anticipated to grow to 33,600 MW in 2016 with a 14% CAGR over the next five years. The cumulative installation is expected to reach 190,800 MW by the end of 2016, with a value of approx

imately US $105 billion representing a CAGR of 28% during 2011–2016.

Lucintel, a leading global management consulting and market research firm analyzed the solar PV industry and present its findings in the report, “Growth Opportunities in Solar Photovoltaic Market 2011-2016: Trends, Forecasts and Market Share Analysis.”

Lucintel’s research indicates that the growing inclination toward renewable energy to reduce carbon emissions is boosting solar energy across the globe. During 2011–2016, the North American and Asia-Pacific (APAC) markets for solar PV are expected to grow significantly. Accordingly, the overall share of North America and APAC in annual PV installation is likely to increase in the coming years.

Based on revised forecasts for solar PV, China is expected to be the global leader in annual solar PV installation by 2016. Solar PV capacity installation is also likely to grow significantly in the US during 2011–2016. The annual installation of solar PV in the US is forecasted to surpass Germany by 2016 securing the second position globally, behind only China. Europe installed the largest amount of solar photovoltaic capacity in 2010, an estimated 79% of global annual installation for the year.

In this research report, Lucintel provides trend scenarios and forecast statistics for 2011–2016; details the industry’s drivers and challenges; manufacturing capacity for each node in the value chain of the solar PV industry; expansion plans; competitive analysis for solar PV; and installation of solar PV projects during 2011–2016; the report also details forecast for solar PV installation for all four global geographies—APAC, Europe, North America, and the Rest of the World.

This unique report from Lucintel can provide valuable information, insights, and tools needed to identify new growth opportunities and operate successfully in solar photovoltaic market. This report could save hundreds of hours of your own personal research time and is likely to significantly benefit you in expanding your business in this market. In today’s unsettled economy, you need every advantage that you can find to keep ahead in your business.

To make business, investment, or strategic decisions, you need timely and adequate information. This market report fulfills this core need and is an indispensable reference guide for multi-national materials suppliers, product manufacturers, investors, executives, distributors and others who are operating in solar photovoltaic Market.

Some of the features of “Growth Opportunities in Solar Photovoltaic Market 2011-2016: Trends, Forecasts and Market Share Analysis” include the following:
 

 

List of Figures

 

Chapter 1. Executive Summary

 

Figure 1.1: Porter’s Five Forces model for solar pv cell/module manufacturing industry

Chapter 2. Solar Photovoltaic Industry Background and Classifications

 

Figure 2.1: Nellis solar power plant at Nellis Air Force base in the US

Figure 2.2: Photovoltaic system “tree” in Styria, Austria

Figure 2.3: Basic solar cell construction

Figure 2.4: Photovoltaic cells, modules, and arrays

Figure 2.5: Solar parking pay station

Figure 2.6: Monocrystalline pv module

Figure 2.7: Polycrystalline pv module

Figure 2.8: Amorphous silicon PV panel

Figure 2.9: Hybrid pv module

Figure 2.10: Pole-mount pv system

Figure 2.11: Ground-mount pv system

Figure 2.12: Pitched roof mount

Figure 2.13: Fin-mount pv system

Figure 2.14: Levelized cost of energy for various sources

Figure 2.15: Average electricity generation by a 1 MW solar PV project at 22% capacity factor over 25 years

Figure 2.16: O&M cost for a 1 MW solar PV project 

Figure 2.17: Manufacturing process of c-Si PV systems

Figure 2.18: Manufacturing process of thin-film PV systems

 

Chapter 3 Global Solar PV Market Analysis 2010

 

Figure 3.1: Regional cumulative electric generation capacities in GW –2010

Figure 3.2: APAC cumulative electric generation capacity by source at the end of 2010

Figure 3.3: NA cumulative electric generation capacity by source at the end of 2010

Figure 3.4: Europe cumulative electric generation capacity by source at the end of 2010

Figure 3.5: ROW cumulative electric generation capacity by source at the end of 2010

Figure 3.6: Global cumulative electric generation capacities by sources at the end of 2010

Figure 3.7: Regional breakdown of annual solar PV installation in 2010

Figure 3.8: Breakdown of solar PV installed by country in 2010

Figure 3.9: Reductions in FITs for solar PV systems in Germany

Figure 3.10: Monthly installations of solar PV in Germany in 2010 (MWp)

Figure 3.11: Annual solar PV installations in Germany by system sizes – 2010

Figure 3.12: Breakdown of annual installation of solar PV in Italy by system sizes – 2010

Figure 3.13: Share of solar PV capacity in total electricity generation capacities in Czech Republic (2010)

Figure 3.14: Reductions in FITs for solar PV in Czech Republic – 2011

Figure 3.15: Reductions in green bonus for solar PV in Czech Republic – 2011

Figure 3.16: FITs for solar PV generated electricity in Japan (Nov. 2009–Apr. 2011)

Figure 3.17: Quarterly installations of solar PV in Japan for 2010

Figure 3.18: Split of annual solar PV installation in Japan by application – 2010

Figure 3.19: Annual market share of solar PV module manufacturers – 2010

Figure 3.20: Annual market share of solar PV inverter manufacturers in terms of MW shipments

Figure 3.21: Annual share of polysilicon manufacturing capacity – 2010

Figure 3.22: Top 10 PV cell/module manufacturers based on manufacturing capacity – 2010

Figure 3.23: Investment in PV cell/module manufacturing capacities geographically

Figure 3.24: Solar PV cell manufacturing capacities of leading players (2009–2011)

Figure 3.25: Solar PV module manufacturing capacities of leading players (2009–2011)

 

Chapter 4 Solar Photovoltaic Market Trend 2005–2010

 

Figure 4.1: Annual installation of solar PV globally during 2005–2010 (MW)

Figure 4.2: Cumulative installation of solar PV globally during 2005–2010 (MW)

Figure 4.3: Trend of annual installation of solar PV in Germany during 2005–2010 (MW) 

Figure 4.4: Proportions of solar PV capacity additions in net annual electric capacity additions in Germany (2005–2010)

Figure 4.5: Trend of cumulative installation of solar PV in Germany during 2005–2010 (MW)

Figure 4.6: Trend of annual installation of solar PV in Italy during 2005–2010 (MW)

Figure 4.7: Proportions of solar PV capacity additions in net annual electric capacity additions in Italy (2005–2010)

Figure 4.8: Trend of cumulative installation of solar PV in Italy during 2005–2010 (MW)

Figure 4.9: Trend of annual installation of solar PV in Czech Republic during 2005–2010 (MW)

Figure 4.10: Proportions of solar PV capacity additions in net annual electric capacity additions in Czech Republic (2005–2010)

Figure 4.11: Trend of cumulative installation of solar PV in Czech Republic during 2005–2010 (MW)

Figure 4.12: Trend of annual installation of solar PV in Japan during 2005–2010 (MW) 

Figure 4.13: Proportions of solar PV capacity additions in net annual electric capacity additions in Japan (2005–2010)

Figure 4.14: Trend of cumulative installation of solar PV in Japan during 2005–2010 (MW)

Figure 4.15: Trend of annual installation of solar PV in US during 2005–2010 (MW)

Figure 4.16: Proportions of solar PV capacity additions in net annual electric capacity additions in the US (2005–2010)

Figure 4.17: Trend of cumulative solar PV installation in the US during 2005–2010 (MW)

Figure 4.18: Drivers and challenges for solar PV market development

 

Chapter 5 Solar PV Market Forecast 2011–2016

 

Figure 5.1: Forecast for annual solar PV installation globally during 2011–2016

Figure 5.2: Forecast for cumulative installation of solar PV globally during 2011–2016

Figure 5.3: Forecast for annual solar PV installation by geographic region (2011–2016)

Figure 5.4: Share of Europe in annual solar PV installation globally (2011–2016)

Figure 5.5: Share of NA in annual solar PV installation globally (2011–2016)

Figure 5.6: Share of APAC in annual solar PV installation globally (2011–2016)

Figure 5.7: Share of ROW in annual solar PV installation globally (2011–2016)

Figure 5.8: Forecast of annual solar PV installation in Germany during 2011–2016

Figure 5.9: Forecast of cumulative solar PV installation in Germany during 2011–2016

Figure 5.10: Forecast of solar PV annual installation in Italy during 2011–2016

Figure 5.11: Forecast of cumulative installation of solar PV in Italy during 2011–2016

Figure 5.12: Forecast of annual solar PV installation in US during 2011–2016

Figure 5.13: Forecast of cumulative solar PV installation in US during 2011–2016

Figure 5.14: Forecast of annual solar PV installation in Japan during 2011–2016

Figure 5.15: Forecast of cumulative solar PV capacity installation in Japan during 2011–2016

Figure 5.16: Forecast of annual solar PV installation in China during 2011–2016

Figure 5.17: Forecast of cumulative solar PV installation in China during 2011–2016

 

Chapter 6 Emerging Trends and Growth Opportunities in Solar PV Market

 

Figure 6.1: Emerging trends in solar PV market

Figure 6.2: Growth matrix for solar PV market in Germany, Italy, Japan, US, and China (2016)

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

List of Tables

 

 

Table 1.1: Global solar PV market parameters and attributes

Table 2.1: Vertical integration analysis of the leading players in PV manufacturing

Table 3.1: Feed-in premiums per KWh (in US$) for rooftop solar PV systems in Italy, 

June 2011–December 2012 

Table 3.2:Feed-in premiums per KWh (in US$) for ground-mounted solar PV systems in Italy June 2011–December 2012

Table 3.3: Budget cap for large PV plants June 2011–December 2012

Table 3.4:FITs for solar PV systems in Italy January 2013–June 2013 in US$ per KWh

Table 3.5:Degressions in FITs for solar PV systems in Italy July 2013–July 2016

Table 3.6: Budget cap for solar PV plants during 2013–2016 in Italy

Table 3.7: Presence of RPS, goals, set-asides, and credit multipliers in various states in US

 

Table 4.1: FITs for solar PV in Italy during 2010

Table 4.2: FITs for solar PV in Czech Republic during 2010

Table 4.3: FITs for solar PV in Japan

 

Table 5.1: German solar PV degression for 2012