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Solar Industry Projections - Energy of the Future?

by Rich Hessler Solar on Jul 13, 2010

What are the solar industry projections for the great solar boom in the climate-energy era? As the country begins climbing out of recession, it is going to require increasing public acceptance of solar energy to get the economic engine fired up.
Solar industry projections provide that the uneven supply and demand ratio characteristic of 2009 will be balanced out this year due to strong demand in the Asian and U.S. markets. These markets will help increase the global solar usage to 9.3 GW in 2010. This would translate into a market value of U.S. $39 billion.
Decreasing prices in solar equipment and materials should open up new markets allowing for the industry to reach a United States $77 billion value with 26.4 GW of capacity in 2015.
A huge role in the growth of the solar market will be the demand for solar technology in China. Currently, China is the largest single manufacturer of solar products in the world but not a huge buyer of them. China will have...Read More >>

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