The report covers information on various topics such as On-Grid and Off-Grid Cumulative and Annual Installed Capacity, PV power per capita, market segmentation, trends prevailing across the region and competitive landscape of the major players operating in the countries. The report entails the SWOT analysis of solar PV market in various countries.
The future outlook presented the base case, conservative case and aggressive case scenario factor analysis providing an insight on the prospects in the solar PV cumulative and annual installed capacity for all the countries and region. The report also includes the cause and effect relationship among the various industry factors prevailing in the solar PV market.
During the period from 2006-2010, the annual installations have increased at a CAGR of 57.3%.The installations over the years have increased from 333 MW in 2006 to 967 MW in 2009. The year 2010 was a phenomenal year for this industry with an increase of more than 100% compared to the previous year. The annual PV installations jumped from 967 MW in 2009 to 2,036 MW in 2010.
In 2010, residential, non-residential and utility were the three major types of installations taking place in the Asia Pacific region. Residential segment was the leader with a more than half the share of the PV installations. But with major thrust being given to development of solar PV technology the manufacturers are setting up huge power plants in order to generate solar PV technology at large scale and meet the high and never ending meets of the large size of population living in this region. Therefore it is expected that a major growth will be seen in the utility sector as compared to the residential sector. The share of utility sector in the total type of installations will increase to ~% by 2015 whereas the residential segment is expected to decline to ~%.
Multi-Crystalline Silicon solar cells and modules dominated the solar PV market with 52%…