Solar Photovoltaic Global Market Trends

Solar Photovoltaic Global Market Trends

Solar Photovoltaic Global Market Trends

Photovoltaic production has been doubling every two years, increasing by an average of 48% each year since 2002, making it the world's fastest-growing energy technology. Roughly 90% of this generating capacity consists of grid-tied electrical systems. Such installations may be ground-mounted (and sometimes integrated with farming and grazing) or built into the roof or walls of a building, known as Building Integrated Photovoltaic or BIPV for short. ( http://www.bharatbook.com/detail.asp?id=136085&rt=Solar-Photovoltaic-Global-Market-Trends.html )

Financial incentives, such as preferential feed-in tariffs for solar-generated electricity, and net metering, have supported solar PV installations in many countries including Germany, Japan, and the United States.

Solar power is the technology of obtaining usable energy from the light of the Sun. Solar energy has been used in many traditional technologies for centuries and has come into widespread use where other power supplies are absent, such as in remote locations and in space.

Photovoltaics (PV) is the field of technology and research related to the application of solar cells for energy by converting sunlight directly into electricity. Due to the growing demand for clean sources of energy, the manufacture of solar cells and photovoltaic arrays has expanded dramatically in recent years.

While solar cells have been around for many years now, it is only recently that the advances made in technology have made it possible for researchers to make solar cells more efficient.

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