27% Annual Growth Seen for Global Solar Cell Market
by Yukiko Kanou, Nikkei Electronics, Aug 19, 2008
Source: TechOn /
http://techon.nikkeibp.co.jp/english/NEWS_EN/20080819/156577/
The global solar cell market will grow at an annual rate of 27% on average until 2012 to ¥4.6751 trillion (approx US$42.5 billion), 3.9 times larger than in 2007, according to the survey conducted by Fuji Keizai Co Ltd. The solar cell market was ¥1.2008 trillion (approx US$10.9 billion) in 2007. Polycrystalline silicon solar cells accounted for nearly 90% of the market in 2007, but the presence of solar cells that use a small amount of silicon or no silicon at all will strengthen, Fuji Keizai said. The focus will be placed on thin-film silicon, CIGS and CdTe (cadmium telluride) thin-film solar cells, in particular, according to the company. (more…)