Solar Power Photovoltaic Market $50.6bn in 2011

Monday 18 July 2011, Amsterdam

Global demand for energy is rising at a rapid pace as population growth and economic prosperity is enabling developing and emerging markets to buy increasing amounts of energy consuming products. The nuclearcatastrophe in Japan has shifted the focus of economies around the globe and raised demand for alternatively sourced electricity. Meanwhile, risks of oil supply disruptions from Middle East and North African countries are at an all time high; hence the price of crude oil and related products are expected to remain high over the next few years.

Most advanced nations capable of investing in photovoltaic energy will do so, and as a result investment in photovoltaic technology will grow strongly over the forecast period. The new study on ASDReports.com has calculated the global solar power photovoltaic market to be worth $50.6bn in 2011.

The study named 'The Solar Power Photovoltaic (PV) Market 2011-2021' examines this pivotal area of the energy industry with in-depth analysis of global and national photovoltaic markets. The report provides quantified forecasts forglobal and national spending on solar power photovoltaic manufacturing over the next ten years. The report analyses a wealth of data and introduces a clearbreakdown of technologies and the direction the market is moving based on diverse factors and insight into the market, anticipating how and why the market will develop from 2011 onwards.

More information on this new study can be found on ASDReports.com, follow the link to the study named 'The Solar Power Photovoltaic (PV) Market 2011-2021' in this article.