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Green energy demand drives photovoltaic sector

Posted: 06 Sep 2010 ?? ?Print Version ?Bookmark and Share

Keywords:photovoltaic market? renewable energy? green energy? strategic analysis?

The growing demand for green energy will cause a surge in the photovoltaic sector, says Frost & Sullivan. Political pressure is rising to reduce carbon emissions and promote use of renewable energy sources worldwide, auguring well for photovoltaic materials suppliers.

This is good news for the market, which experienced a temporary slide in demand in 2009.

New analysis from Frost & Sullivan Strategic Analysis of the global photovoltaic materials markets fshows that the relevant markets generated revenues of $1.34 billion in 2009, and estimates this to reach $1.60 billion in 2010.

Frost & Sullivan research analyst, Gaurav Vyas says, "With rising awareness about green trends, the future lies in technologies that offer enhanced energy efficient solutions at a low-cost." He adds, "Manufacturers who offer products with optimum performance while remaining price-oriented are poised to gain substantial market share."

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