Solar Market Poised For Growth
August 25th, 2014 by Rebecca Norman
A recent report from Lux Research indicated that the solar industry is currently being led by China and is expected to grow 75% to 65.6 GWp in 2019.
“With solar now fairly common in most parts of the world, it reaps the rewards of direct incentives but also faces uncertainty due to pressure on trade activity with China,” said Matthew Feinstein, Lux Research senior analyst and the lead author of the report titled, “Solar Market Size Update 2014: Reform for the Long Haul.”
Three key findings on solar industry’s growth trajectory:
- Growth is fastest in the Americas
- Cost cuts will be sustained
- X-Si remains the technology of choice