Manufacturing Industry
Solar energy demand rising.(In The News)
Roofing Siding Insulation, February, 2007
Demand for photovoltaic modules is expected to more than triple from 2005 levels by 2010, to 531 megawatts, valued at $1.3 billion, according to "Solar Energy Products," a new study from The Freedonia Group, Inc., a Cleveland-based industry market research firm. Advances will be driven by the falling price of solar power, which stems from technological innovations, growing economies of scale and a rising level of government tax incentives and rebates at both the state and federal levels.
However, if these incentives are scaled back or withdrawn prematurely, it would negatively affect solar energy product demand, the report stated. Gains will also be spurred by consumer interest in renewable energy sources and concern about the volatility of oil and other...
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