A PR Newswire post this week reports that the solar market is surging. Around the world, people are becoming more concerned about CO2 emissions and the need to increase reliance on renewable energy resources. In addition, government tax incentives and feed-in tariffs are fueling the demand for solar photovoltaic (PV) products and materials. As reported in the article:
Despite turmoil in the global economy, the photovoltaic materials markets experienced only a temporary slide in demand in 2009, with the overall outlook remaining optimistic.
Frost & Sullivan (http://www.chemicals.frost.com) published a report entitled Strategic Analysis of the Global Photovoltaic Materials Markets, which found that solar markets generated revenues of $1.34 billion in 2009. Projections for 2010 are that revenues could reach $1.60 billion. The study covers the following application sectors: encapsulants, frontsheet, backsheet and anti-reflection coating. The research also includes the following product types: EVA, PVB, silicones and ionomers as encapsulants; low-iron, patterned and coated glasses and polymers including PVDF, PVF and ECTFE as frontsheet materials; PVDF, PET, PVF, EPDM, EVA and glass as backsheet materials; and elemental oxides as anti-reflection coatings.
What is it about photovoltaic products that give consumers confidence to invest in the renewable energy technology? According to a Frost & Sullivan Research Analyst:
“With rising awareness about green trends, the future lies in technologies that offer enhanced energy efficient solutions at a low-cost. Manufacturers who offer products with optimum performance while remaining price-oriented are poised to gain substantial market share.”
In short, the solar market is surging in large part because photovoltaic technology is reliable, efficient, affordable and can help minimize carbon emissions.
If you are interested in more information on this study, please e-mail Monika Kwiecinska, Corporate Communications, at firstname.lastname@example.org, with your full name, company name, title, telephone number, company e-mail address, company website, city, state and country.