North American Solar Photovoltaic (PV) Market Worth $5,778.9 Million by 2018

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Worlds 1st Real Time Market Intelligence
MicroMarket Monitor
North American Solar Photovoltaic Market
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The market for solar power across the globe is
increasing tremendously. It can be attributed to
the various factors such as global environmental
concerns, security regarding future energy
supply, increasing investment in clean energy,
and low operating cost of a solar power plant.
Solar PV, a part of solar power, is experiencing
the highest rate of innovations and price
reduction among all the solar technologies.
Certain trends observed past few years in solar
PV technologies are reduction of costs and
prices, increase in global market share
percentage of manufacturers from China, reduction
in profit margin, and vertical integration of PV
components especially by players of China. China
has become the largest PV exporter. The total
market size of solar PV is expected to reach
79,249.6 million by 2018, at a CAGR of 11.7
between 2014 and 2018.
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The North American market has a share of around
6 of the global solar PV market. The total
revenue generated by the North American market is
2,874.8 million in 2013, which is expected to
grow at a highest CAGR of 15 from 2014 to 2018,
to reach 5,778.9 million by 2018. Increased
environmental concerns and growing energy
consumption are driving the growth of solar PV
market in this region. U.S. is the major market
in the North American solar PV market. It
accounts for around 89 share of the North
American solar PV market in 2013. Browse through
the market data tables, figures and detailed ToC
on the North America Solar Photovoltaic
Market. http//www.micromarketmonitor.com/market/
north-america-solar-photovoltaic-pv-4944369644.htm
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Asia-Pacific Solar Photovoltaic (PV) Market

• The Asia-Pacific market had a share of around
  10 of the global solar PV market. The total
  revenue generated by the Asia-Pacific market is
  4,631.5 million in 2013, which is expected to
  grow at a moderate CAGR of 11.1 from 2014 to
  2018 to reach 7,841.6 million by 2018. Growing
  energy consumption and low operating and
  maintenance cost are driving the growth of solar
  PV market in this region. China and Japan are the
  major market in the Asia-Pacific solar PV market.
  It accounts for around 71 share of the
  Asia-Pacific solar PV market in 2013.
• http//www.micromarketmonitor.com/market/asia-paci
  fic-solar-photovoltaic-pv-5981964117.html

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European Solar Photovoltaic (PV) Market

• The European market has the largest share of
  around 82 of the global solar PV market. The
  total revenue generated by the European market is
  38,388.4 million in 2013, which is expected to
  grow at a highest CAGR of 10.7 from 2014 to 2018
  to reach 63,886.4 million by 2018. Growing
  environmental concerns and increasing investment
  in clean energy are driving the growth of solar
  PV market in this region. Germany is the major
  market in the European solar PV market followed
  by Italy. It accounts for around 72 share of the
  European solar PV market in 2013.
• http//www.micromarketmonitor.com/market/europe-so
  lar-photovoltaic-pv-7881896094.html

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