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The Use of Photovoltaic is Set to Be a Major Source of Electricity for European Countries in the Coming Years

Posted on: Wednesday, 8 March 2006, 06:00 CST

Research and Markets (http://www.researchandmarkets.com/reports/c20335) has announced the addition of Year 2010: Photovoltaic Industry and European Union to their offering.

The market research report "Year 2010: Photovoltaic Industry and European Union" gives a comprehensive analysis of the photovoltaic (PV) industry and its impact on the European Union. The report also looks into the use of photovoltaic as a major source of electricity for the European countries in the coming years. Projections are made till the year 2010. Europe's photovoltaic sector has become very advanced and many policies are being designed to make sure that there is sustained and secure supply of energy as well as reduction in the greenhouse gases.

The global PV market as well as the European market has remarkably grown with an average of approximately 35% in the last five years. In 2004, 562 MWp were installed for electricity generation in Europe alone. As far as manufacture of the photovoltaic cells is concerned, almost half of them, approximately 47.9%, were manufactured in Japan. Europe comes second with 26.5% of the world production share. United States is third with 14.3%. Europe aims to follow the Japanese model and grow within the next 20 years to become the largest producer and consumer of photovoltaic cells.

The European Union's approach is to fulfill its target of generating 3GWp (Glendale water and power units) of renewable photovoltaic electricity by 2010. For achieving the target, the European Commission has built the Community Strategy and Action Plan on Renewable Sources of Energy; with its help the Union aims to achieve the target by 2008. The EU needs to have a common vision and strategy for becoming the biggest producer and consumer of photovoltaic technologies.

This report gives an overview of the world photovoltaic market and the targets of the European Union in concern with that. The major EU PV markets are discussed along with the major market players and their strategies/technologies. The main countries that have PV development support plans are mentioned in the report. Complete market dynamics of the terrestrial photovoltaic sector like the technology, segmentation, and region break-up are discussed.

Emerging solar technologies that include printable and dye cells are analyzed along with other renewable sources of energy. The government support, standards, and environmental conditions are also discussed along with the projections till the year 2010.

Report Highlights:

-- Major market trends in the EU photovoltaic industry.

-- Sales growth rate for the PV market.

-- Revenues by PV technology.

- Regional revenue breakdown.

-- Analysis of potential for applications, both grid-connected and stand-alone.

-- Examination of government funding and support, industry involvement, standards, and solar energy's environmental impact.

-- Barriers to the widespread use of photovoltaic cells in Europe.

-- Strategic action plan for Europe.

-- Current and Proposed projects in EU PV industry.

For more information visit http://www.researchandmarkets.com/reports/c20335

Source: Business Wire

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