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The Adoption of Solar Energy Has a Simple Market Driving Force

11-13-2008 02:39 PM CET | Energy & Environment

Press release from: Electronics.ca Publications

ELECTRONICS.CA PUBLICATIONS, the electronics industry market research and knowledge network, announces the availability of a new report entitled "Worldwide Solar Technology Market Shares Forecasts, and Strategies, 2008-2014".

If people do not adopt solar energy, the planet will become unfit for human habitation. The fossil fuels are warming the planet at an exponentially increasing rate that makes life unsustainable if something does not change. Global warming drives solar markets.

Efficiency of different solar technologies is improving rapidly. Innovation is occurring all over the world. Even German medium-sized companies are actively contributing when it comes to exploring new markets for PV production plants. The single most significant economic factor driving adoption of solar initiatives is the prospect of carbon use surcharges. As coal, gas, and oil usage are taxed to help prevent pollution and stimulate use of renewable energy sources, solar energy becomes more attractive to the utility grid electricity providers. The environmental impact of energy use choices promises to be an ongoing factor in energy grid supply.

Solar is perceived as the best, perhaps the only widespread solution to global warming. Every large enterprise has adopted a social responsibility strategy that makes a nod toward solving the issues of global warming and embraces renewable energy. Every person in the world is aware of the problems that global warming is bringing.

Utility vendor electricity solar equipment markets at $10 billion in 2007 are anticipated to reach $78.7 billion by 2014. Growth is a result of using utility electricity solar systems to power the grid. With .3% of the grid powered by solar in 2007, huge growth is set to occur as 6% of the grid power is anticipated to come from solar by 2014, with rapid shifts to solar energy after that. This will come through massive trillion dollar investments in grid capable solar energy systems that are financed throughout the life of the solar installation.

Growth comes not only because solar power is the cheapest power source which it will be in many cases, but because it fulfills a variety of convenience needs, not the least of which is a way to attack global warming. Every large enterprise has adopted a green strategy in response to public demand for better energy solutions.

Details of the new report can be found on Electronics.ca Publications' web site: http://www.electronics.ca/reports/power_pv/solartechnology.html

Electronics.ca Publications is a world-class research network and publishing company whose focus is technology and market research for the electronics industry. Our network spans dozens of areas of electronics expertise, and taps the knowledge of researchers and analysts internationally. We deliver critical information on the semiconductor, advanced materials, nanotechnology, electronics manufacturing, wireless technology and converging markets.

Contact Information
Electronics.ca Publications
Chiaki Sadanaga
Communications Manager
+1 514 429 1520
pr@electronics.ca

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