Photovoltaic Market in APAC 2010–2014 by InfinitiResearch

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									2014-2014   Photovoltaics Market in APAC




                               technavio insights
2014-2014              Photovoltaics Market in APAC




            CONTENTS


            01. Executive Summary ..............................................1

            02. Introduction ...........................................................2

            03. Market Coverage .................................................4

            04. Market Landscape ................................................5

            05. Vendor Landscape ...............................................7

            06. Market Growth Drivers ..........................................9
            07. Market Challenges .............................................11

            08. Market Trends ......................................................13

            09. Key Vendor Analysis ...........................................15
            09.1 Trina Solar Ltd. ...................................................................... 15

            09.2 Sharp Corp. .......................................................................... 17

            09.3 JA Solar Holdings Co. Ltd. .................................................. 19

            09.4 Suntech Power Holdings Co. Ltd. ..................................... 21

            09.5 Yingli Green Energy Holding Co. Ltd. ............................... 23

            10. Other Reports in this Series .................................25




2014-2014                                                         Photovoltaics Market in APAC
2014-2014          Photovoltaics Market in APAC




            EXHIBITS

            Exhibit 1: Photovoltaics Market in the APAC Region 2010–
                       2014 (US$ billion) ...................................................................6

            Exhibit 2: Photovoltaics Market in the APAC Region by
                       Vendor Segmentation 2010 ................................................8




2014-2014                                                        Photovoltaics Market in APAC
Photovoltaics Market in APAC                                                                      1

      01. Executive Summary
                             2010: US$7.9 billion
        Market Size
                             2014: US$19.3 billion

        Growth Rate          25 percent CAGR

        Key Geography        APAC

                             Power Utilities
        Key Customer
                             Commercial Customers
        Segments
                             Residential Customers

                             Increase in Incentives Provided Through Feed-in Tariff (FIT)
                             Entry of APAC-based Manufacturers into the Market in Europe
        Trends
                             Reduction in Installation Cost of Photovoltaic Panels
                             Increase in Solar Energy Consumption

                             Government Initiatives in the APAC Region
                             Concern about Reducing Harmful Emissions during Power
        Drivers              Generation
                             Durability of Photovoltaics
                             Functional and Technological Advancements

                             Domination of Coal Usage in the APAC Region
                             Problem in Balancing Surface Temperature of PV Panel
        Challenges
                             Low Conversion Efficiency
                             Resistance from Power Utilities

                             Reduction in Carbon Dioxide Emission
                             Ability to Meet Growing Power Demand
                             More Reliable Power Grid
        Key Customer Needs   Reduction in Power Cuts and Blackouts
                             Increased Conversion Efficiency of Solar PV Panels
                             Maximum Utilization of Free and Abundant Solar Energy for
                             Energy Generation

                             Trina Solar Ltd.
                             Sharp Corp.
                             JA Solar Holdings Co. Ltd.
        Key Vendors          Suntech Power Holdings Co. Ltd.
                             Kyocera Solar Inc.
                             Motech Solar
                             Yingli Green Energy Holding Co. Ltd.




2014-2014                                                              Photovoltaics Market in APAC
Photovoltaics Market in APAC                                                                                    2

      02. Introduction
      Photovoltaic (PV) is a method that uses solar energy to generate electricity. PV uses
      semiconductors that transfer solar radiation into direct current. A major component of PV is the
      solar panels, which are made of solar cells such as thin film solar PV cells and crystalline solar PV
      cells. At present, crystalline solar PV cells are being used in over 80 percent of all solar PV panels.
      The various materials used in PV are amorphous silicon, monocrystalline silicon, polycrystalline
      silicon, copper indium gallium selenide/sulfide, and cadmium telluride. More than 100 countries
      used solar PV in 2010, which will increase the growth of the PV market in the APAC region.

      The PV market in the APAC region is likely to experience rapid growth during the period 2010–
      2014. One of the reasons for this rapid growth is the number of incentives provided by
      government in various countries of the APAC region. The PV market in the APAC region is
      currently growing at a CAGR of 25 percent. The market is fragmented; it
								
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