DUBLIN--(BUSINESS WIRE)--Research and Markets (http://www.researchandmarkets.com/research/db8dkq/growth) has announced the addition of the "Growth Opportunities in Solar Photovoltaic Operation and Maintenance Market: 2012-2017" report to their offering.
The global solar photovoltaic (PV) operation and maintenance (O&M) market, which experienced robust growth in 2011, is expected to continue growing rapidly and reach approximately $18.4 billion in 2017 with a CAGR of approximately 43% over the next five years (2012-2017).
This research indicates that the growing interest of nations in developing clean energy is expected to drive more and more installations of solar PVs across the globe, thereby providing an impetus to the global solar PV O&M market. The crystalline O&M market is expected to capture three-fourths of the market size while the thin-film O&M is forecast to account for the rest. As noted in the study, the provision of extended warranty options for a nominal charge by the original equipment manufacturers is affecting the growth of the solar PV O&M market. The fragmented installation base creates hurdles for proper O&M services due to the limitation in geographic reach of service providers. The major portion of the solar PV O&M market is driven by the balance of systems and not by PV modules. As such, increasing efficiency of PV modules (crystalline as well as thin-films) adversely affects the O&M market, as these require smaller areas of land with a decreased balance of system components.
The report, which provides trend scenarios and forecast statistics for 2012-2017, details industry drivers and challenges; analyzes the global solar PV operation and maintenance market for 2011; and highlights global solar PV capacity installation trends and forecast, also describes growth opportunities and emerging trends in solar PV O&M market, and more.
This unique report will provide you with valuable information, insights, and tools needed to identify new growth opportunities and operate your business successfully in this market. This report will save hundreds of hours of your own personal research time and will significantly benefit you in expanding your business in this market. In today's stringent economy, you need every advantage that you can find.
For more information visit http://www.researchandmarkets.com/research/db8dkq/growth
About Research and Markets
Research and Markets is the world's leading source for international market research reports and market data. We provide you with the latest data on international and regional markets, key industries, the top companies, new products and the latest trends.
