Global solar panels market on 15.3% growth track
BUSINESS
By BiztechAfrica - Aug. 21, 2012, 9:26 a.m.
Analysts at Infiniti Research forecast that the global solar panels market is estimated to grow at a CAGR of 15.3% over the period 2011-2015.
One of the key factors contributing to this market growth is functional and technological advancement. The Global Solar Panels market has also been witnessing the entry of new competitors with competitive advantages. However, the seasonal fluctuation of solar power availability could pose a challenge to the growth of this market.
According to a report titled Global Solar Panels Market 2011-2015, the progression of technology in the solar photovoltaic (PV) industry is driving the growth of the Global Solar Panels market.
Commenting on the report, an analyst from Infiniti said: "The increase in R&D was another major prevailing trend in the global solar panels market. In addition to reduction in policies, there were also favourable policies and procedures that existed for boosting the global solar panels market."
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