March 05, 2014
Wellesley, Mass., March 5, 2014 – BCC Research (www.bccresearch.com) reveals in its new report, GLOBAL MARKETS FOR ALTERNATIVE SOLAR PHOTOVOLTAIC TECHNOLOGIES, the global market for alternative solar technologies is expectedto grow to more than $22.8 billion by 2018, with a five-year compound annual growth rate (CAGR) of 10.5%.
Next-generation solar technologies, including organic photovoltaics (OPVs), multi-junction photovoltaics (MJPVs) and concentrating photovoltaics (CPVs), are starting to enter their commercial viability stage. Over the next five years, OPVs are expected to reach $149 million in 2018, registering a 75.3% CAGR. Meanwhile, MJPVs and CPVs are projected to grow to $1.8 billion, at a 42.8% CAGR.
Alternative solar technologies represent a significant and growing opportunity in markets around the world. According to BCC Research, the cadmium-telluride (CdTE) and Copper-Indium-Gallium-(di)Selenide (CIGS) markets will maintain healthy growth rates of just under 10% annually with much more significant market sizes of about $7.9 billion and nearly $12.7 billion, respectively, by the end of 2018.
"A key component of the most successful alternative solar technologies firms’ strategies from 2013 through 2018 will include concerted efforts to develop business opportunities in the emerging and frontier economies located outside of North America, Western Europe, Japan, and Australia," says BCC Research energy analyst Bryan Boots. "While growth will be strong in these regions, even greater growth opportunities may be found in regions such as Latin America & the Caribbean, and Africa & the Middle East."
GLOBAL MARKETS FOR ALTERNATIVE SOLAR PHOTOVOLTAIC TECHNOLOGIES provides a detailed breakdown and analysis of the global markets for alternative solar technologies by geography, technology and application. This technical market research report also includes a review of the different technologies currently in commercial use; a review of early-stage technologies that are beginning to see transfer from research to commercialization; a sketch of the industry’s current structure, including competitive and regulatory analysis within this context; and major factors impelling and impeding global growth. It also defines how alternative solar technologies fit into the broader global solar PV market, the global renewable energies market, the global electric energy market, and the global energy market.
While this report contains a significant amount of technical information due to the inherent nature of the subject and thus provides information valuable to engineers and scientists, it is primarily aimed at business professionals in fields related to alternative solar technologies.
Editors and reporters, who wish to speak with the analyst, should contact Steven Cumming at steven.cumming@bccresearch.com.
Alternative Photovoltaic Solar Cell Technologies: Global Markets( EGY123A )
Publish Date: Feb 2014
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