Photovoltaics - A high potential market opportunity (2005-2010)

Abstract

RNCOS' report " Photovoltaics - A high potential market opportunity (2005-2010) " provides extensive research and objective analysis of Photovoltaic technology. This report helps clients to analyze the leading-edge opportunities critical to the success of Photovoltaic industry worldwide. Detailed data and analysis will help potential investors to navigate through the evolving market of Photovoltaics (PV).

Global PV Market

Photovoltaic industry recorded an annual growth rate of 25-30% during the last decade. Investment in photovoltaics exceeded US$ 1 Billion during the year 2005. Photovoltaic market also raised US$ 1.8 Billion from capital market in the same year. Japan & Germany are the largest producers as well as consumers of PV. It also covers the PV market for US, Europe and other emerging countries.

Key Findings

Silicon based PV system, outperforming thin film based photovoltaic systems, is accountable for almost 90% of the PV market.
US photovoltaic has been losing it market share over the past few years. During the last decade US accounted for 44% of the global photovoltaic market. In 2005, the share of US came down to 7% primarily due to government negligence.
Declining cost of PV provides hordes of opportunities for the deployment of this technology mainly in developing low cost economies such as India and China where population is highly cost conscious.
The Greenpeace/EPIA scenario shows that by 2025 PV systems could be generating approximately 589 terawatt hours of electricity around the world.

Key Issues and Facts Analyzed

Opportunities that exist in the Photovoltaic industry.
Impact of the government support programs on the overall industry.
What are the various application areas for PV technology?
Potential emerging photovoltaic markets.
Drivers for photovoltaic market.
Analysis of the major players in the industry.

Key Players Analyzed

This section provides an overview of the key facts and commercialization phase strategies adopted by key players like Sharp, Kyocera, BP Solar, Shell Solar, Q-cells, Scohtt Solar, SolarWorld, Motech etc.

Research Methodology Used

Information Sources

Information in this report has been sourced from namely Books, Newspapers, Trade Journals, and White papers, Industry portals, Government Agencies, Trade associations, Monitoring Industry News and developments, and through access to more than 3000 paid databases.

Analysis Methods

The methods used to analyze the facts and figures in this report include: Ratio Analysis, Historical Trend Analysis, Linear Regression Analysis using software tools, Judgmental Forecasting and Cause and Effect Analysis.

1. Analyst View

2. Research Overview

3. PV Technology

3.1 Photovoltaic Basics
- 3.1.1 Photovoltaic Systems
  - 3.1.1.1 Grid-Connected (Utility-Interactive) Photovoltaic Systems
  - 3.1.1.2 Stand-Alone Photovoltaic Systems
    - 3.1.1.2.1 Autonomous Systems
    - 3.1.1.2.2 Hybrid Systems
- 3.1.2 PV Devices
  - 3.1.2.1 Solar Cell Materials
    - 3.1.2.1.1 Silicon
      - 3.1.2.1.1.1 Single-Crystal Silicon
      - 3.1.2.1.1.2 Multicrystalline Silicon
      - 3.1.2.1.1.3 Amorphous Silicon
    - 3.1.2.1.2 Polycrystalline Thin Films
      - 3.1.2.1.2.1 Copper Indium Diselenide (CIS)
      - 3.1.2.1.2.2 Cadmium Telluride (CdTe)
      - 3.1.2.1.2.3 Thin-Film Silicon
    - 3.1.2.1.3 Single-Crystalline Thin Films
  - 3.1.2.2 Solar Cell Structures
    - 3.1.2.2.1 Homojunction Device
    - 3.1.2.2.2 Heterojunction Device
    - 3.1.2.2.3 p-i-n and n-i-p Devices
    - 3.1.2.2.4 Multijunction Devices
- 3.1.3 Applications
  - 3.1.3.1 Applications on the Basis of Markets
    - 3.1.3.1.1 Off-grid Domestic Systems
    - 3.1.3.1.2 Off-grid Non-domestic Systems
    - 3.1.3.1.3 Grid-connected Distributed Systems
    - 3.1.3.1.4 Grid-connected Centralized Systems
  - 3.1.3.2 Common Applications
    - 3.1.3.2.1 PV for Cottages and Residences
    - 3.1.3.2.2 PV for Mobile and Recreational Applications
    - 3.1.3.2.3 PV in Agriculture
  - 3.1.3.3 PV for Other Applications

4. PV Industry Performance

4.1 PV Industry Structure
4.2 Global PV Market, 2025
- 4.2.1 PV Production
- 4.2.2 PV Installations
- 4.2.3 Regional Market Share
- 4.2.4 Competitive Landscape

5. PV Industry by Countries

5.1 Asia-Pacific
- 5.1.1 Japan
- 5.1.2 Australia
- 5.1.3 China
- 5.1.4 Korea
- 5.1.5 India
- 5.1.6 Thailand
5.2 America
- 5.2.1 US
- 5.2.2 Canada
- 5.2.3 Mexico
- 5.2.4 Brazil
5.3 Europe
- 5.3.1 Germany
- 5.3.2 Netherlands
- 5.3.3 Spain
- 5.3.4 Italy
- 5.3.5 France
- 5.3.6 UK
- 5.3.7 Finland
- 5.3.8 Austria
- 5.3.9 Future Projection for European PV Market, 2010

6. Industry Analysis

6.1 PV Market Growth Drivers
6.2 Opportunities
- 6.2.1 PV Share in Global Energy Demand
- 6.2.2 Declining PV Costs
- 6.2.3 New Market Opportunities
- 6.2.4 Potential Renewable Energy Use
6.3 Challenges
- 6.3.1 Limited Silicon Supply
6.4 Future Outlook

7. Key Players

7.1 Sharp
7.2 Kyocera
7.3 BP Solar
7.4 Shell Solar
7.5 Isofoton
7.6 Q-Cells
7.7 Schott Solar
7.8 SolarWorld
7.9 Motech
7.10 Suntech
7.11 United Solar
7.12 Kaneka Corporation
7.13 Fuji Electric
7.14 Showa Shell
7.15 DayStar

List of Figures:

Figure 4-1: Worldwide - Solar Cell Production (in MW), 2000-2005
Figure 4-2: Worldwide - Annual PV Installations (in MW), 2000-2005
Figure 4-3: Worldwide - Solar Market by Application (in MWp), 2005-2025F
Figure 4-4: Worldwide - Employment in PV Industry by Area (in Numbers), 2005-2025F
Figure 4-5: Worldwide - PV Market by Region (%), 2005
Figure 4-6: Worldwide - Forecast for PV Market Share by Region (%), 2010 & 2025
Figure 5-1: Japan - PV Market Size (in MW), 2001-2005
Figure 5-2: Japan - Average PV System Price and National Government Subsidy (in Yen/Watt), 1993-2004
Figure 5-3: China - PV Installation by Application (in MWp), 2005
Figure 5-4: US - PV Cell/Module Production (in MW), 2002-2005
Figure 5-5: Europe - PV Market (in GW), 2004 & 2005
Figure 5-6: Germany - Solar Market by Application (in MWp), 1995-2005
Figure 5-7: Spain - Cumulative Installed PV Power (in KWp), 1994-2004
Figure 5-8: Europe - PV Market Projections and Present Trend (in MWp), 2002-2004 & 2010
Figure 6-1: Worldwide - Projection for CO2 Reduction (in Million Tons), 2010, 2015, 2020 & 2025
Figure 6-2: Major Drivers for Photovoltaic Industry
Figure 6-3: Europe - PV Competitiveness (1990, 2000, 2010, 2020, 2030 & 2040)
Figure 6-4: Worldwide - Silicon Supply Demand (in Million Tons/Year), 2002-2010
Figure 7-1: Sharp - Stock Performance
Figure 7-2: Kyocera - Stock Performance
Figure 7-3: Suntech - Stock Performance
Figure 7-4: DayStar - Stock Performance

List of Tables:

Table 4-1: Worldwide - Estimated Solar Power Market (2006-2025)
Table 4-2: Worldwide - Top 10 Solar Cell Producers, 2005
Table 5-1: Japan - Projection for PV Market (2010, 2015, 2020 & 2025)
Table 5-2: Australia - Cumulative Installed PV Power by Sub-market (in KWp), 1995-2004
Table 5-3: Australia - Projection for PV Market (2010, 2015, 2020 & 2025)
Table 5-4: China - Projection for PV Market (2010, 2015, 2020 & 2025)
Table 5-5: Korea - Cumulative Installed PV Power by Sub-market (in KWp), 1995-2004
Table 5-6: India - Projection for PV Market (2010, 2015, 2020 & 2025)
Table 5-7: Thailand - Projection for PV Market (2010, 2015, 2020 & 2025)
Table 5-8: US - Projection for PV Market (2010, 2015, 2020 & 2025))
Table 5-9: Canada - Cumulative Installed PV Power Capacity (in MW), 1995-2004
Table 5-10: Mexico - Cumulative Installed PV Power by Sub-market (in KWp), 1995-2004
Table 5-11: Brazil - Projection for PV Market (2010, 2015, 2020 & 2025)
Table 5-12: Europe - PV Installed Capacity (in MW), 2005
Table 5-13: European Union & Switzerland - Support Mechanisms for Photovoltaic
Table 5-14: Germany - Feed-in Tariffs under REL (in Cents), 2004-2008E
Table 5-15: Germany - Projection for PV Market (2010, 2015, 2020 & 2025)
Table 5-16: Netherlands - Cumulative Installed PV Power by Sub-market (in KWp), 1995-2004
Table 5-17: Italy - Cumulative Installed PV Power by Sub-market (in KWp), 1995-2004
Table 5-18: France - Cumulative Installed PV Power by Sub-market (in KWp), 1995-2004
Table 5-19: UK - Cumulative Installed PV Power by Sub-market (in KWp), 1995-2004
Table 5-20: Finland - Cumulative Installed PV Power by Sub-market (in KWp), 1995-2004
Table 5-21: Austria - Cumulative Installed PV Power by Sub-market (in KWp), 1995-2004
Table 6-1: Projection for Fall in Price of PV Electricity in Selected Cities (in Cents (Euro)/KWh), 2010, 2015, 2020 & 2025
Table 6-2: Worldwide - Forecast for PV Green/EPIA Scenario (2020 & 2025)
Table 7-1: Sharp - Financial Overview (in Million US$), 2004-2006
Table 7-2: Kyocera - Financial Overview (in Million US$), 2004-2006
Table 7-3: Shell Solar - Financial Overview (in US$), 2004
Table 7-4: SolarWorld - Financial Overview, 2005
Table 7-5: Motec - Financial Overview, 2005
Table 7-6: Suntech - Financial Overview (in Million US$), 2003-2005
Table 7-7: United Solar - Financial Overview (in Million US$), 2003-2005
Table 7-8: Kaneka Corporation - Financial Overview (in Million US$), 2004-2006
Table 7-9: Fuji Electric - Financial Overview (in Million US$), 2002-2004
Table 7-10: Showa Shell - Financial Overview, 2005
Table 7-11: DayStar - Financial Overview (in Million US$), 2003-2005