Energy needs on the global level are growing at fast pace as emerging countries have become the axis of energy demand growth. Concerns such as increasing green house emission and future energy supply security have forced governments to support renewable energies such as wind, sun, and biofuel. In the last five years, i.e. during 2005 – 2010, renewable energies grew tremendously but solar energy achieved the highest; i.e. 60% CAGR; followed by wind power with 27%, and bio-fuels with 18% CAGR.

By the end of 2010, the global solar power constituting solar photovoltaic (PV) and concentrated solar thermal (CST/CSP) technologies, cumulative installed capacity reached to 40.7 GW. The estimated market size in 2010 was $35.7 billion for photovoltaic (PV) modules and $876 for CSP systems. Development of remote regions, substitution of nuclear reactors with renewable sources and technological innovations such as space solar power generation are the main market opportunities responsible for compounded annual growth rate of 30.3% in annual solar power installations in the next five years.

The report “Global Solar Power Market by PV, CSP Technologies by Installations, Price, Cost, Trade Trends, & Forecasts (2011 – 2016)” covers all four geographical regions, i.e. Europe, America, Asia-Pacific, and rest of the world (ROW). North America is identified as the fastest growing region with of CAGR of 30.7%; followed by Asia-Pacific with 20.5% from 2011 to 2016. In “technology”, the report covers crystalline and thin film photovoltaic as well as concentrated solar thermal.

The agenda of this analyst briefing is to discuss market drivers, opportunities and burning issues for global solar energy market.

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