Solar PV Market - Industry Analysis , Size , Share , Growth , Trends and Forecast to 2020 | Hexa Research
Your Catalyst To a Lucrative Business
Solar PV Market - Industry Analysis , Size , Share , Growth , Trends and Forecast to 2020 | Hexa Research
“ Rapidly increasing use of renewable energy systems for commercial and residential applications coupled with low costs and efficiency of these systems are the major factors driving the global solar PV market .”
As per the findings of a study conducted by Hexa Research , the total worldwide Solar PV ( photovoltaic ) installed capacity for 2020 will be more than 480GW . Key factors contributing to growth are higher global emphasis on clean energy production coupled with governmental support in the form of beneficial policies for development of Solar PV Market . Sunbelt countries will particularly gain from regulations like Feed in Tariff which is a preferential rate program .
Hexa Research foresees falling prices of energy generated using Solar PV in future , chiefly due to huge increase in capacity , especially in China . The global Solar PV market demands that companies employ innovation and differentiation strategies as a way to grow . Alliances and partnerships are crucial for gaining competitive edge .
Browse Details of Report @ https :// www . hexaresearch . com / research-report / solar-pv-industry /
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