[b]Global Solar Supply Market to grow by 37% CAGR being driven by rising demand[/b]

[b]Mumbai, India – June 9, 2014 -[/b] It is believed that the global solar module production capacity would grow at CAGR of 37%, from 12, 479 MW power in the year 2008 to 60, 585 MW by 2013-end according to the opinion of industry experts. The global solar market is witnessing economic growth due to the resurrected balance of demand and supply in the world global PV or photovoltaic segment. It is expected that the solar PV demand would again rise by end of 2014 and US would capture 61% of this world market.

This report: Highlights on 2013 Global Solar Supply Market discusses the key market driver, key players and challenges faced by this industry.

[b]Key Market Stimulants[/b]
There have been strong PV project pipelines in various nations of the world. In 2012, the global module revenues dropped by USD20 billion while in 2013 the scenario improved in 2013 as the revenues hot up by 8%.

[b]Leading Markets[/b]
US, China and Japan were amongst the key market regions where there was great demand for solar modules in 2013. These regions represented 59% of the global market. Moreover, lesser demand in US might propel the growth of this industry in China. Positive regulations implemented by certain government policies might be capable of stimulating a short-term demand in this sector. Together, France, Italy, UK, Germany comprises just 19% of the demand and Germany is the most profitable market as it has been rising to a great extent with every year. Asia is the second-largest player in terms of solar market size with capacity of 8.69GW, motivated by the economic growth of this market in China. Chinese global solar power industry grew by 70% in 2012 to 2013 defeating Italy which witnessed a decline by 50%.

[b]Market Challenges[/b]
The main challenge is restricted demand in this segment over the past few years which had resulted in over-capacity issue. Non-favorable government subsidies are also responsible for declining demand in 2013.

[b]For further insights, [/b]

Visit: - http://www.researchonglobalmarkets.com/highlights-of-2013-global-solar-supply-market.html


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