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Examine the Developments in Worldwide Solar Residential Panel Market Shares, Strategies, and Forecasts 2008 to 2014

Posted on: Thursday, 2 October 2008, 06:00 CDT

Research and Markets (http://www.researchandmarkets.com/research/cbf2f1/worldwide_solar_re) has announced the addition of WinterGreen Research, Inc.'s new report "Worldwide Solar Residential Panel Market Shares, Strategies, and Forecasts 2008 to 2014" to their offering.

Adoption of solar energy has a simple market driving force. If people do not adopt solar energy, the planet will become unfit for human habitation. The fossil fuels are warming the planet at an increasing rate that makes life unsustainable if something does not change.

Global warming drives solar markets. Solar is perceived as the best, perhaps the only widespread solution to global warming. Every large enterprise has adopted a social responsibility strategy that makes a nod toward solving the issues of global warming and embraces renewable energy. Every person in the world is aware of the problems that global warming is bringing.

High growth is forecast for residential solar markets as solar moves to take on a measurable supply of world energy. As penetration from .3% of the world energy supply raises to over 15% in five years, residential uses of solar energy will represent a significant part of the growth. Residential solar energy represents a measure of energy independence for every household, used as hybrid systems independently of, but not completely in place of traditional grid electricity.

It is not economical to put solar generated electricity back on the grid, instead it will be used from batteries where the electricity is stored for later use. Solar systems will initially be used for lighting and charging hybrid and electric vehicles. Traditional grid electricity will only slowly be replaced. Grid hybrid electricity solutions will persist for a long time.

Demand for energy is accelerating as more of the world becomes developed. Developing countries are anticipated to double the worlds demand for energy in the next thirty years. Energy creation is becoming a central environmental issue with air quality, water quality, and flooding because of global warming having implications for the entire world.

Solar energy is a clean, reusable and affordable solution that is increasingly being recognized as the leading alternative energy source for the 21st century. While hybrid solutions are anticipated to evolve with wind, geothermal, and nuclear solutions, evolving as well, solar looks to be a dominant technology. The solar panel size is a trade-off between the amount of money wanted to invest and the amount of electricity needed to produce. A typical US home uses 13,000kWh per year or 5kWp.

On average, the sun radiates 2.6 gigawatts (GW) of energy onto a square mile of the earth's surface, and the most suitable way to harvest that light depends on two factors: cost and the available real estate. It does not matter that thin film solar panels are not more than 10% efficient initially, the roof of the home is not doing anything else except sit there. The sides of the home, the back fence can be used to collect solar energy and that energy can be stored for later use in vehicles and lighting.

This market segmentation is anticipated to shift as the thin film solar panels become commercially viable. The thin film solar panels will be used initially in utility applications, but also in residential applications for fueling motor vehicles. The ability to store energy from solar panels makes them a viable alternative to gasoline. The lithium and lithium ion batteries are a very dense energy storage medium providing incentive for people to put in a modest amount of thin film battery banks recharged by solar panels.

This is the 388th report in a series of market research reports that provide forecasts in communications, telecommunications, the internet, computer, software, and telephone equipment. The project leaders take direct responsibility for writing and preparing each report. They have significant experience preparing industry studies. Forecasts are based on primary research and proprietary data bases. Forecasts reflect analysis of the market trends in the segment and related segments. Unit and dollar shipments are analyzed through consideration of dollar volume of each market participation in the segment. Market share analysis includes conversations with key customers of products, industry segment leaders, marketing directors, distributors, leading market participants, and companies seeking to develop measurable market share. Over 200 in-depth interviews are conducted for each report with a broad range of key participants and opinion leaders in the market segment.

Key Topics:

-- Residential Solar

-- Photovoltaics

-- Solar Power Systems Convert Sunlight Into Electricity

-- On Grid Solar Electric Systems

-- Off Grid Residential Solar Electric Systems

-- Solar Power System

-- Pv System Integration

-- Solar Electric Basics

-- Polysilicon

-- Stand Alone Pv Systems

-- Backup Power Solar

-- Thin Film Hybrid Systems

-- PV Cells

-- PV Modules

-- Bipv

-- On Grid Solar Applications

-- On Grid Residential Solar

-- Off Grid Residential Solar

-- Global Warming Drives Solar Energy Adoption

-- Solar Market Forecasts

-- Solar Market Shares

-- Residential Solar Market Forecasts

Some of the Companies Mentioned: (For more companies please follow the link provided)

-- Sharp Solar

-- Schott

-- Q-Cells

-- Kyocera

-- BP Solar

-- First Solar

-- AES

-- Akuo Energy

-- Colorado Instruments / SolarWorld

-- Concentrix

-- Cypress Semiconductor / Sunpower

-- Dyesol Limited

-- Evergreen Solar

-- Flisom

-- GE

-- Global Solar Energy

-- Hitachi America Ltd.

-- Hoku Scientific

-- Isofoton

-- Kyocera

-- LDK Solar Co LTD

-- Mitsubishi

For more information visit http://www.researchandmarkets.com/research/cbf2f1/worldwide_solar_re.

Source: Business Wire

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