What is photovoltaics and how do they work?
Solar energy
is considered to be one of the most abundantly available renewable energy
resources in the region and is observing remarkable growth potential. The
increasing focus toward sustainable development, along with a move toward
minimizing carbon and greenhouse gas emissions is acting as an impetus for the
growth of the market.
Further, the
socioeconomic set-up for large-scale renewable energy projects is also
influenced by several variables such as GDP, value addition, welfare,
employment, and available infrastructures. Solar energy has brought significant
changes to energy usage patterns, from being an alternative source of energy to
becoming a primary source of energy for power generation. It is quite evitable
with the growing research and development activities focused on the increased
production of solar energy, coupled with positive government initiatives and
decreasing costs of photovoltaic equipment, in the Asian countries which, in
turn, has led to the growth of the photovoltaic market.
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| Photovoltaics Market |
The market for
global photovoltaic is concentrated with some very well-established players.
Some of the key players in the global photovoltaic market are Mitsubishi
Electric Corporation, Panasonic Corporation, Kaneka Corporation, Kyocera
Corporation, Sharp Corporation, JA Solar Co., Ltd, Renesola Co. Ltd, Trina
Solar, Jinko Solar and Shunfeng International Clean Energy Co., Ltd.
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