Monday 23 March 2015, Amsterdam
The new report recognizes the following companies as the key players in the Global Solar Photovoltaic (PV) Market: First Solar Inc., Suntech Power Holdings Co. Ltd., Trina Solar Ltd. and Yingli Green Energy Holding Co. Ltd.
Other Prominent Vendors in the market are: Bosch Solar Energy, Canadian Solar, Dyesol, EniPower, ET Solar, E-Ton Solar Tech, Evergreen Solar, Flisom, GE Energy, Global Solar Energy, Hanwha SolarOne, Hitachi Metals America, Isofoton, JA Solar Holdings, JinkoSolar Holding, Kyocera, LDK Solar, Matrix Solar Technologies, MiaSole, Mitsubishi Electric, Moser Baer Solar, Motech Industries, Nanosolar, Primestar Solar, Q-Cells, REC Solar, ReneSola, Ritek, Sanyo Solar, Schott Solar, Schuco, Sharp Solar Energy Solutions Group, Signet Solar, Siliken and SunPower.
Commenting on the report, an analyst from the report's team said: “One of the major trends in this market is the increase in investment by various governments. Various national authorities across the globe are encouraging companies to manufacture PV modules.”
According to the report, one of the major driving factors in the market is the increase in government support. There is continuous increase in government support in terms of FIT programs, investment tax credit, and other tax benefit schemes.
Further, the report states that the seasonal fluctuations in solar power availability are a significant threat to the market vendors. This leads to an increase in demand for solar panels only during the summer season, bringing down the demand for the same during other seasons.
The study was conducted using an objective combination of primary and secondary information including inputs from key participants in the industry. The report contains a comprehensive market and vendor landscape in addition to a SWOT analysis of the key vendors.