Asia-Pacific Solar Energy Panel Market is Expected to Reach $37.8 Billion by 2020

 According to a new report by ApacMarket.com titled, "Asia-Pacific Solar Energy Panel Market - Opportunities and Forecasts, 2013 - 2020", the APAC Solar Energy Panel Market would reach $37.8 billionby 2020, registering a CAGR of 14.8% during 2014 - 2020. Solar Panels function on the process of photovoltaics (PV), which is a method of generating electricity through the conversion of sunlight through different semiconductors. The technologies used in the generation of electricity, some of which include, mono and multi crystalline silicon, thin films, hybrid and black backed panel technology comprise of different raw materials. 

Strong government support across the countries in the Asia-Pacific region holds potential opportunities for the solar panel market. The impending need for the reduction of air pollution, carbon emissions and greenhouse gases has resulted in an increased adoption of solar panels. Energy diversification in India is essential to support the country's long term growth in solar energy power sources. The ADB (Asian Development Bank) has invested an amount of $100 million to support and empower solar power developers operating in the private sector. The Asia-Pacific Solar Energy Panel market generated a revenue of $14.9 billion in the year 2013.

Technology improvements and a rise in the demand for solar PV's should present potential opportunities for this industry in the near future. Government subsidies, eco-friendly technology and the decreasing costs of raw materials are key factors that supplement the growth of this market.

Key findings of the study:

• Presently, polycrystalline holds the largest percentage share in the market as compared to monocrystalline and thin film technologies
• Roof mounted solar panels should generate considerable revenue for the solar energy panel market, by the year 2020
• The commercial sector would grow at the highest CAGR and generate a considerable revenue for the solar energy panel market by the year 2020
• China is estimated to be the maximum revenue generating country for ground mount panels

The Asia-Pacific countries are commendably promoting the clean energy concept with large scale solar installations across the region. Solar panels are rapidly gaining acceptance and are largely used in the making of rooftops, industrial parks, utility lands, and even backpacks. In what proved to be a revolutionary concept, Japan implemented large scale installations of solar panels on water bodies across the country. Japan, presently is in the process of conceptualizing the largest floating solar installation in the world that possess a capacity to generate 15,635 megawatts of energy, annually. Frequent earthquakes and the nuclear plant tragedy has gravely hampered the energy sector of Japan. Following this, Japan has strengthened its approach towards the sources and applications of renewable energy.

The impending need for clean energy favored with strong government initiatives in major countries of the Asia-Pacific, supplement the increase in adoption of solar panels in this region. Adani Enterprises Ltd. in association with the Government of Rajasthan has announced to set up India's largest solar park with a capacity to generate 10,000 MW of electricity.

The National Development and Reform Commission (NDRC) of China has set new production targets for solar capacities to reach a minimum of 70 GW by 2017. This move should remarkably boost the solar panel market in China.


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Remote Canadian Gas Play Faces Long Odds Amid Continental Glut

Nexen's 18-well pad at their Dilly Creek shale gas
facilities located in the Horn River Region of
northeastern BC. Horn River lies next to Liard Basin.

It is Canada’s second-biggest trove of natural gas – and nobody wants it.

A new study has identified an immense shale gas resource straddling the boundaries between the Northwest Territories, Yukon and British Columbia, reviving hope among northern leaders that international energy companies will resume exploration in the remote area despite sizable costs and nagging infrastructure constraints.

World Coiled Tubing Market - Emerging Trends & Growth, Industry Status, Opportunities

Allied Market Research has scheduled to publish a report titled “World Coiled Tubing Market - Opportunities and Forecast, 2014 - 2020”. The study is based on detailed market estimations of major segments, current and emerging trends, changing key market dynamics, changing competitive landscape scenario along with recent technological developments.

Nanorods Of Photocatalysts Achieve 100% Conversion From Solar Energy To Solar Fuel

There are many reasons that I love working in materials chemistry, and particularly in artificial photosynthesis – splitting water using sunlight to generate hydrogen and oxygen gases. You’ve heard me ramble on about this, my most favourite example of nature-inspired nanotechnology in previous articles to produce cheap, clean and sustainable solar fuel in the form of hydrogen from sunlight, water and some other materials, but while these are all great reasons to love it, what I love the most is how research groups working on this are obliterating the challenges posed by this technology at such a ridiculously fast pace. This is what science and engineering is all about!