Greentech Lead America: According to a recent report from
Research and Markets and TechNavio, the progression of technology in the solar
photovoltaic (PV) industry is driving the growth of the Global Solar Panels
market.
The “Global Solar Panels Market
2011-2015” report also stated that seasonal fluctuation of
solar power availability proves to be a major threat to market vendors.
According to TechNavio, “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 favorable policies and procedures
that existed for boosting the Global Solar Panels market.”
Earlier Greentech Lead reported that in 2011 solar
power dominated all the investment in global renewable energy industry.
Solar power accounted for 49 percent of the total $209
billion investments. The once dominant wind sector claimed 34 percent.
Biopower, geothermal and small hydro investments made up the remaining 17
percent on the same period.
Over the first three months of 2012 U.S. PV market
saw record installations of 506 MW, more than any other first quarter on
record. Strong growth in the commercial market segment has fueled this
record growth. This quarter’s activity brings the total amount of solar PV
across America to 4,427 MW.
editor@greentechlead.com