DUBLIN--(BUSINESS WIRE)--Research and Markets (http://www.researchandmarkets.com/research/62nw56/asiapacific) has announced the addition of the "Asia-Pacific Solar Photovoltaic Market Outlook to 2030 - Installed Capacity, Market Size, Risk Analysis, Market Saturation and Company Profiles" report to their offering.
The Asia-Pacific (APAC) solar photovoltaic (PV) module market value is forecast to show modest growth by the end of next year, jumping from $6.7 billion in 2012 to $8.6 billion by 2015, at a Compound Annual Growth Rate (CAGR) of 7.9%
The APAC region's solar PV installed capacity is also expected to increase over the coming years, from 19.6 Gigawatts (GW) in 2012 to 420.6 GW by 2030, at a CAGR of 18.6%. In 2013, China and Japan led the region with a combined total of 77% of its solar PV installed capacity.
Prasad Tanikella, Senior Report Analyst covering Alternative Energy, says: Governments in the region are promoting solar PV through various long-terms policies, financial incentives, subsidies and tax benefits. The strong commitment from APAC's countries towards the development of solar energy has led to many research and development initiatives and increased solar power plant installations, which will drive future market growth.
APAC is also the world leader for solar energy systems manufacturing, with Japan, China and Taiwan being three of the largest solar PV cell producers.
Tanikella continues: With favorable conditions contributing to a thriving manufacturing industry, China continued to be the world's largest manufacturer of solar modules for the sixth consecutive year in 2013.
Domestically available polysilicon, a favorable regulatory environment and an easily available and inexpensive labor force have allowed companies, such as Yingli Green Energy, Canadian Solar Inc., Trina Solar, LDK Solar and Suntech Power Holdings Co., to lead solar module production with annual capacities of over 1,000 megawatts each, the analyst concludes.
This report provides in-depth analysis on the solar photovoltaic module market in the Asia-Pacific region as a whole and its key countries: China, Japan and South Korea. It provides historical data from 2010 and forecast data up to 2030 on installed capacity and power generation.
Key Topics Covered:
List of Tables
List of Figures
Introduction
Solar Photovoltaic Market Outlook, Global
Solar Photovoltaic Market Outlook, Asia-Pacific, 2010-2030
Solar Photovoltaic Market Outlook, China, 2010-2030
Solar Photovoltaic Market Outlook, Japan, 2010-2030
Solar Photovoltaic Market Outlook, South Korea, 2010-2030
Competitiveness of Solar Photovoltaic against Other Power Sources
Solar Photovoltaic - Risk Analysis
Solar Photovoltaic Market Saturation
Solar Photovoltaic Market Outlook, Company Profiles
Appendix
Companies Mentioned
Hanergy Holding Group Ltd,
Yingli Green Energy Holding Company Limited
Solar Frontier KK,
TSMC Solar Ltd,
Hanwha Q Cells GmbH,
Avancis GmbH & Co. KG,
Ascent Solar Technologies Inc.,
First Solar Inc.,
Sharp Corporation,
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