Decreasing Prices Favor Solar Panel Market, According to OMR Report Available at MarketPublishers.com12 Apr 2017 • by Natalie Aster
LONDON – The world’s market for solar panels is set to showcase substantial growth in the coming years. This is the result of the rising interest in renewable energy globally and the increasing support from governments.
The decreasing prices for solar modules also favorably impact the market. In China, for instance, the lowest reported cost of the in-house solar module production stood at 0.37 USD per W.
Region-wise, APAC is predicted to demonstrate the highest growth in the offing due to the presence of forces supporting the growth.
In China, the local solar PV stood at 10.6 GW as of 2014, and it reached 15.5 GW a year later. In the same year, Germany (a used-to-be leader in the installed solar power capacity space) was dethroned by China. As of late 2015, China had the installed capacity of 43.5 GW. Japan is the number three in the global solar capacity list. Japan and China held a total share of more than 50% of new solar grid-connections.
North America is one of leading players globally, and the US leads the local race Its grid-connected capacity stood at 7.3 GW in 2015.
First Solar Inc, Goal Zero Corporation, and AGL Solar Energy are some of top companies globally.
Insightful research report “Global Solar Panel Market Research and Analysis, 2015-2022” worked out by Orion Market Research Private Limited (OMR) offers a comprehensive discussion of the world’s solar panel market. The study provides a 360-degree overview of the marketplace.
It casts light on factors that encourage change and analyzes opportunities of the global space. The report scrutinizes market segments’ performance and investigates the competitive landscape.
The research study covers major regional and country markets in detail. It comprises detailed profiles of companies, too. The future outlook for the marketplace is also available in the research report.
More in-demand studies by OMR can be found at its page.