Photovoltaic Markets Surge to Forefront Amidst Efforts to Locate Viable Renewable Energy Sources, Notes Frost & Sullivan

LONDON, Sept. 2 /PRNewswire/ -- Rising concerns about the need to reduce CO2 emissions and increase the use of renewable energy sources worldwide will stimulate the global photovoltaic market. Feed-in tariffs and politically backed targets boosting renewable energy use will provide further impetus to the photovoltaic market. This, in turn, will have a positive ripple effect on the demand for photovoltaic materials. Despite turmoil in the global economy, the photovoltaic materials markets experienced only a temporary slide in demand in 2009, with the overall outlook remaining optimistic.

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New analysis from Frost & Sullivan (http://www.chemicals.frost.com), Strategic Analysis of the Global Photovoltaic Materials Markets, finds that the relevant markets generated revenues of $1.34 billion in 2009 and estimates this to reach $1.60 billion in 2010. The study covers the following application sectors: encapsulants, frontsheet, backsheet and anti-reflection coating. The research also includes the following product types: EVA, PVB, silicones and ionomers as encapsulants; low-iron, patterned and coated glasses and polymers including PVDF, PVF and ECTFE as frontsheet materials; PVDF, PET, PVF, EPDM, EVA and glass as backsheet materials; and elemental oxides as anti-reflection coatings.

"With rising awareness about green trends, the future lies in technologies that offer enhanced energy efficient solutions at a low-cost," notes Frost & Sullivan Research Analyst Gaurav Vyas. "Manufacturers who offer products with optimum performance while remaining price-oriented are poised to gain substantial market share."

Efforts are underway to generate power from renewable sources and protect the environment. In this context, photovoltaic technology is considered to be the most viable solution. Moreover, it is highly competitive in terms of the infrastructure it requires to function. These factors underline the market development.

"It is important for companies to provide innovative, customised and comprehensive solutions that can improve the efficiency of photovoltaic modules," advises Vyas. "At the same time, market participants need to maintain a cost-conscious approach to product development."

If you are interested in more information on this study, please e-mail Monika Kwiecinska, Corporate Communications, at [email protected], with your full name, company name, title, telephone number, company e-mail address, company website, city, state and country.

Strategic Analysis of the Global Photovoltaic Materials Markets is part of the Chemicals & Materials Growth Partnership Services programme, which also includes research in the following markets: Materials for Energy Efficient Buildings in North America and Chemicals and Materials in Advanced Glazing Systems - Strategic Analysis of the European Market. All research services included in subscriptions provide detailed market opportunities and industry trends that have been evaluated following extensive interviews with market participants.

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SOURCE Frost & Sullivan