Photovoltaic cell shipments to grow 38 through 2015

MarketResearch.com has announced the addition of BCC Research’s new report “Photovoltaics: Global Markets and Technologies” to their collection of Energy market reports. The report includes shipments (in MW) in 2010 and forecast, materials values (in USD million), and estimated CAGR.

January 19, 2011 – Marketwire — MarketResearch.com has announced the addition of BCC Research’s new report “Photovoltaics: Global Markets and Technologies” to their collection of Energy market reports. The report includes shipments (in MW) in 2010 and forecast, materials values (in USD million), and estimated CAGR.

Global shipments of photovoltaic cells/modules reached 11,102 megawatts (MW) in 2010, and are expected to reach 55,621MW by 2015, a compound annual growth rate (CAGR) of 38%. Also read: PV set to ride out the downturn, says iSuppli

The value of materials was estimated at $21.8 million in 2009 and $26.5 million in 2010. Improved manufacturing methods and efficiencies will reduce the actual quantities of materials used in solar cells and the value of materials will grow at a compound annual growth rate (CAGR) of 12.3% through 2015 to reach a value of $47 million.

The value of global module shipments was estimated at $32.4 million in 2009 and $41.2 million in 2010. The value of shipments will grow at a compound annual growth rate (CAGR) of 13.6% from 2010 to 2015 because of economies of scale and more efficient PV production methods, reaching a value of nearly $78 million.

For more information, visit http://www.marketresearch.com/product/display.asp?ProductID=6003177

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