Abstract
Solar energy accounts for a relatively small share in the global electricity
production, but the prospects for its share increasing in the coming years are
very high. Photovoltaic cells or PV cells are used to directly convert solar
energy to electricity by photoelectric effect. Two main types of photovoltaic
technologies include crystalline silicon and thin film, out of which
crystalline silicon is the most widely used one. Past five years have
witnessed tremendous increase in the PV installations worldwide, mainly due to
the initiatives taken by the government to promote renewable energy, like
Feed-in-Tariffs.
Europe is the largest PV market, followed by Japan and the US. Country wise,
Germany is the leading player in the PV market. Although China does not have
significant share in the PV installations presently, its share is expected to
increase in the coming years. At the same time, China leads the market in
terms of production, followed by Japan and Taiwan. The reason for China being
the largest PV producer is the cost competitiveness enjoyed by PV
manufacturers in China.
In future, the PV market is expected to enjoy growth in the emerging markets
including China, India, Australia and South Africa. Also, the Sunbelt
countries, where the solar irradiation is very high, have great potential
which is largely untapped. Two such countries offering growth opportunities,
China and India are also being profiled in the report.
Due to the solar energy having minimal environmental impact, and the
increasing governmental initiatives, the PV industry is likely to boost up in
the coming years. PV energy is very expensive and therefore, efforts are being
made on making it more affordable. With the increasing population, the
renewable energy sources (including photovoltaic solar energy) are expected to
fulfill the increasing energy requirements of the future.
The present report analyzes the global PV market and the three leading
regional markets, Europe, US and Japan. The trends, drivers and key issues of
the PV industry are also discussed. Four leading players Suntech Power, First
Solar, Trina Solar and Q-Cells have been profiled in the report.
By combining SPSS Inc.' s data integration and analysis capabilities with our
relevant findings, we have predicted the future growth of the industry. We
employed various significant variables that have an impact on this industry
and created regression models with SPSS Base to determine the future direction
of the industry. Before deploying the regression model, the relationship
between several independent or predictor variables and the dependent variable
was analyzed using standard SPSS output, including charts, tables and tests.
Table of Contents
1. Photovoltaic Cells
- 1.1. Introduction
- 1.2. Value chain analysis
2. Solar PV Cells Market
- 2.1. Global Market-An Overview
- 2.1.1. Cumulative PV Installation
- 2.1.2. Annual PV Installation
- 2.1.3. Regional Breakdown
- 2.2. Worldwide PV Production
- 2.2.1. Annual PV Production
- 2.2.2. Regional Breakdown
- 2.3. Market Segments
- 2.3.1. Production of Crystalline Silicon
- 2.3.2. Production of Thin Film
- 2.3.3. Regional Breakdown
3. Regional Analysis of PV Market
- 3.1. European PV Market
- 3.1.1. Cumulative PV Installation
- 3.1.2. Annual PV Installation
- 3.1.3. Regional Breakdown
- 3.1.4. Germany
- 3.1.5. Italy
- 3.1.6. Spain
- 3.1.7. Czech
- 3.1.8. Belgium
- 3.2. US PV Market
- 3.2.1. Overview
- 3.2.2. PV Installation
- 3.2.3. PV Cell Shipment Revenue
4. Potential Opportunities
- 4.1. Growth in Emerging Markets
- 4.2. Potential of Sunbelt Countries
5. Market Dynamics
- 5.1. Key Trends
- 5.1.1. Patent Applications in PV Industry
- 5.1.2. Efficiency Level of Commercial PV Technology
- 5.1.3. Worldwide Silicon Shipments
- 5.2. Growth Drivers
- 5.2.1. Minimal Environmental Impact
- 5.2.2. Increasing Population
- 5.2.3. Rising Energy Demand
- 5.2.4. Favoring Polysilicon Prices
- 5.2.5. Encouragement of Incentives
6. Key Issues and Challenges
- 6.1. Threat of Substitutes
- 6.2. High Installation Costs
7. Competitive Landscape
- 7.1. Market Share
- 7.2. Companies in Value Chain
- 7.3. R&D Cost Comparison
8. Company Profiles
- 8.1. Suntech Power
- 8.1.1. Business Description
- 8.1.2. Key Financials
- 8.1.3. Significant Developments
- 8.1.4. Installation of Highest Solar Power Plant
- 8.1.5. Second Shift at Arizona Plant
- 8.2. First Solar Inc.
- 8.2.1. Business Description
- 8.2.2. Key Financials
- 8.2.3. Significant Developments
- 8.2.4. New Factory in Vietnam
- 8.2.5. Acquires Amherstburg II Solar Project
- 8.3. Trina Solar
- 8.3.1. Business Description
- 8.3.2. Key Financials
- 8.3.3. Significant Developments
- 8.3.4. Agreement with ZEP Solar
- 8.3.5. Investment in Changzhou Trina PV Plant
- 8.4. Q-Cells
- 8.4.1. Business Description
- 8.4.2. Key Financials
- 8.4.3. Significant Developments
- 8.4.4. Efficiency World Record for Thin Film Solar Module
- 8.4.5. Agreement with Sunpower Corp
- 8.4.6. Expansion into UK Solar Market
9. Market Outlook
- 9.1. Market Forecast
- 9.2. Forecast Methodology
- 9.2.1. Dependent and Independent Variables
- 9.2.2. Correlation Analysis
- 9.2.3. Regression Analysis
List of Charts
- Types of Photovoltaic Technologies
- Photovoltaic Value Chain Analysis (Crystalline Technology)
- Global Cumulative PV Power Installed (2001-2010)
- Cumulative PV Power Installed-Share by Country (2009)
- Annual PV Installations Worldwide (2001-2010)
- Annual PV Installations by Country (2009)
- Global PV Installations Breakdown by Regions (2010)
- Global Annual Photovoltaic Production (2001-2009)
- Global PV Production Share Breakdown by Country (2009)
- Cost Comparison of c-Si Modules in Different Regions
- PV Production Share by Technology (2009)
- Production of Silicon Geographic Breakdown (2009)
- Production of c-Si Cells-Geographical Breakdown (2009)
- Production of c-Si Modules-Geographic Breakdown (2009)
- Production of Thin Film (TF) Modules-Geographic Breakdown (2009)
- New Installed Electricity Capacity in the EU by Source (2009)
- Cumulative PV installations in Europe (2001-2010)
- Annual PV Installations in Europe (2001-2010)
- European PV Installations Share by Country (2009)
- PV Installations in Germany (2006-2010)
- PV Market Segmentation in Germany (2010)
- PV Installations in Italy (2006-2010)
- PV Installations in Spain (2006-2010)
- PV Installations in Czech Republic (2006-2010)
- PV Installations in Belgium (2006-2010)
- US Primary Energy Consumption Share by Sources (2009)
- US Renewable Energy Consumption Share by source (2009)
- US PV Installations (2006-2010)
- Grid-Connected PV Installations in the US (2001-2009)
- Japanese PV Installations (2001-2010)
- Chinese PV Market (2006-2009)
- Indian PV Market (2001-2009)
- Cumulative Installed PV Capacity-Share of Sunbelt Countries (2009)
- PV Patent Applications-by Company (2010)
- Greenhouse Gases Emission from Various Sources of Energy
- Global Population (2005-2014)
- Energy Consumption Worldwide (1990-2035)
- Polysilicon Spot and Contract Price Trend (2005 - 2012E)
- Feed-in-Tariffs Activity Overview
- Solar cell manufacturing Costs-Share by Process
- Global PV Producers-Market share (2010)
- Global PV Producers-Market share (2009)
- Number of Companies in Crystalline Silicon PV Value Chain (2009)
- Suntech Power Revenue (2007-2010)
- Suntech Power-Revenue Breakdown by Region (2009)
- First Solar Revenue (2008-2010)
- First Solar Revenue-Segmental Breakdown (2010)
- First Solar Revenue-Geographical Breakdown (2010)
- Trina solar Revenue (2008-2010)
- Trina Solar Revenue-Geographical Breakdown (2010)
- Q-Cells Revenue (2006-2010)
- Q-Cells Sales Breakdown by Segments (2010)
- Q-Cells Revenue-Share by Region (2010)
- Global Cumulative PV Installations (2010-2014E)
List of Tables
- PV Cell and Module Shipment Revenue by Type (2008 & 2009)
- No. of Companies in US PV Market-Grouped by Operations (2008 & 2009)
- Commercial PV Module Efficiency
- Worldwide Silicon Area Shipments and Revenue (2004-2009)
- Substitutes for Solar Power-by Application
- PV System Installation Costs (2009)
- Number of companies in Thin Film PV Value Chain (2009)
- Research and Development Costs in Major Companies (2009)
- Conversion Efficiency-by Major Companies (2009)
- Dependent & Independent Variables (2006 - 2010)
- Correlation Matrix
- Model Summary - Coefficient of Determination
- Regression Coefficients Output
