MarketsandMarkets: Global Solar Energy Market Will Reach $75.2 Billion With Annual Installations Reaching 227 GW by 2016
DALLAS, August 31, 2011 /PRNewswire/ –
According to a new market research report, “Solar Power Market by PV,
CSP Technologies by Installations, Price, Cost, Trade Trends & Global
Forecasts (2011 – 2016)
published by MarketsandMarkets (http://www.marketsandmarkets.com), global
solar energy market will grow from around $39.6 billion in 2011 to $75.2
billion in 2016 with a compound annual growth rate of 13.7% during the same
Browse 169 market data tables/figures and in-depth TOC on Solar Power
[http://www.marketsandmarkets.com/Market-Reports/solar-energy-298.html ] by
PV, CSP Technologies by Installations, Price, Cost, Trade Trends & Global
Forecasts (2011 – 2016), an extensive report with 463 pages. Early buyers
will receive 10% customization on reports
Increasing environmental concerns such as green house gas emission,
growing energy consumption especially from emerging countries, increasing
investment in renewable energies, and low operating and maintenance cost of
solar power plants put the world at cumulatively 40.7 GW of solar
photovoltaic and concentrated thermal power installed capacity at the end of
2010. In 2010, estimated market size for photovoltaic and concentrated solar
thermal technologies was $36.6 billion.
North America is the fastest growing market and will grow by a CAGR of
30.7% in annual installation during 2011 – 2016. By 2016, the solar energy
[http://www.marketsandmarkets.com/Market-Reports/solar-energy-298.html ] in
North America will be at 5.1 GW of annual installations with an estimated
market size of $14.8 billion. The growth of North America is led by the
U.S.; where both photovoltaic (PV) and concentrated solar thermal (CST/CSP)
solar power technologies are getting investments. Asia-Pacific is the second
fastest growing market, only after North America; which will grow by a CAGR
of 20.5% in annual installations during 2011 – 2016. The region’s growth
will be pushed by increasing installations in China.
The report “Solar Power Market by PV, CSP Technologies by Installations,
Price, Cost, Trade Trends & Global Forecasts (2011 – 2016)” segments the
global solar energy market by technology/type and region. It also focuses on
cost analysis, price and margin trends, market share analysis, and market
metrics like drivers, restraints and opportunities. With 160 market
tables/figures, it breaks and forecasts the market in every possible way.
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