Solar power is a growth industry. More and more photovoltaic (PV) cells are visible on rooftops every day. Large projects are starting across the world and research continues to search for ways to make PV cells faster, cheaper and more efficient. But exactly how big is the global solar cell market? Just how big is this thing going to get?
According to a recent report released by Global Industry Analysts, the global market for solar cells and modules is forecast to reach $89.8 billion by the year 2017. The market’s main drivers, according to GIA, are ever-rising energy needs, surging electricity costs, and growing need for feasible green and sustainable energy. Additionally, government support for solar power, emergence of novel solar PV technologies, and robust demand from developing countries will bolster the market in the years to come.
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