Photovoltaic Markets Surge to Forefront Amidst Efforts to Locate Viable Renewable Energy Sources, Notes Frost & Sullivan
By Frost Sullivan, PRNEWednesday, September 1, 2010
LONDON, September 2, 2010 - Rising concerns about the need to reduce CO2 emissions and increase the
use of renewable energy sources worldwide will stimulate the global
photovoltaic market. Feed-in tariffs and politically backed targets boosting
renewable energy use will provide further impetus to the photovoltaic market.
This, in turn, will have a positive ripple effect on the demand for
photovoltaic materials. Despite turmoil in the global economy, the
photovoltaic materials markets experienced only a temporary slide in demand
in 2009, with the overall outlook remaining optimistic.
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New analysis from Frost & Sullivan (www.chemicals.frost.com),
Strategic Analysis of the Global Photovoltaic Materials Markets, finds that
the relevant markets generated revenues of US$1.34 billion in 2009 and
estimates this to reach US$1.60 billion in 2010. The study covers the
following application sectors: encapsulants, frontsheet, backsheet and
anti-reflection coating. The research also includes the following product
types: EVA, PVB, silicones and ionomers as encapsulants; low-iron, patterned
and coated glasses and polymers including PVDF, PVF and ECTFE as frontsheet
materials; PVDF, PET, PVF, EPDM, EVA and glass as backsheet materials; and
elemental oxides as anti-reflection coatings.
"With rising awareness about green trends, the future lies in
technologies that offer enhanced energy efficient solutions at a low-cost,"
notes Frost & Sullivan Research Analyst Gaurav Vyas. "Manufacturers who offer
products with optimum performance while remaining price-oriented are poised
to gain substantial market share."
Efforts are underway to generate power from renewable sources and protect
the environment. In this context, photovoltaic technology is considered to be
the most viable solution. Moreover, it is highly competitive in terms of the
infrastructure it requires to function. These factors underline the market
development.
"It is important for companies to provide innovative, customised and
comprehensive solutions that can improve the efficiency of photovoltaic
modules," advises Vyas. "At the same time, market participants need to
maintain a cost-conscious approach to product development."
If you are interested in more information on this study, please e-mail
Monika Kwiecinska, Corporate Communications, at monika.kwiecinska@frost.com,
with your full name, company name, title, telephone number, company e-mail
address, company website, city, state and country.
Strategic Analysis of the Global Photovoltaic Materials Markets is part
of the Chemicals & Materials Growth Partnership Services programme, which
also includes research in the following markets: Materials for Energy
Efficient Buildings in North America and Chemicals and Materials in Advanced
Glazing Systems - Strategic Analysis of the European Market. All research
services included in subscriptions provide detailed market opportunities and
industry trends that have been evaluated following extensive interviews with
market participants.
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Strategic Analysis of the Global Photovoltaic Materials Markets M5AA Contact: Monika Kwiecinska Corporate Communications - Europe P: +48-22-390-4127 F: +48-22-390-4160 E: monika.kwiecinska@frost.com www.frost.com
Monika Kwiecinska, Corporate Communications - Europe, Frost & Sullivan, +48-22-390-4127, fax, +48-22-390-4160, monika.kwiecinska at frost.com
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