Although there are some concerns about the financial crisis, political change in the USA is seen as a key moment for the US PV-market. Manufacturers even predict an enormous growth of the market, which should become the biggest in the world.
These are some of the results of the new VEND consulting study. Basis for the study are surveys at the SOLAR POWER international 08 in San Diego. Especially manufacturers took part in the study, and responded to the questions, which show the latest developments in the PV-market.
Valuable information could be generated from personal discussions and specific expert interviews, carried out at the exhibition. Some of the findings generated by the VEND consultants are:
The majority of the exhibitors agreed, that the US solar market has a large growth potential, which could even be accelerated by a possible change of the US political direction.
According to the findings at the “Intersolar” in Munich earlier this year, exhibitors of the “Solar Power International 08” reckon that thin film modules will be subject to huge market growth in the upcoming years. Nevertheless, this market area still requires detailed research regarding market development and technology.
However, the forecasted decline in silicon prices could have a negative impact on the success of thin film modules, as it will lead to a shrinking cost advantage compared to the more efficient normal rigid silicon modules.
Moreover, it was discovered, that risks and possible mid- to long-term product problems facing the industry sector are widely unknown. The long warranty periods (up to 25 years) for solar modules, for instance, could lead to major financial and corporate image problems due to the lack of long term experiences.
These, as well as further topics are currently investigated in the above mentioned market survey. For the results of the study and additional information regarding the area of solar power, please do not hesitate to contact Frank Muehlmann or Madlen Schwing to receive a result report of the study as well as further information on our competencies in the area of Renewable energies.
For detailed results as well as further information and the price of the study please ask Dr. Alexander Brem.