Solarbuzz, the market research group which focuses on solar photovoltaic (pv) has released its UK pv market 2010 report and highlights strong growth potential for the year ahead. Indicating the link between the market and the feed-in tariff legislation, Solarbuzz predict that 2011 will see a surge in solar pv installation as investors look to tap into the government’s tariff scheme.
With a focus on such factors as market segmentation, market size and tariff rates the report has highlighted the continuing growth of the infant solar pv market in the UK. Alan Turner of Solarbuzz said,
“The early entrance of big name brands are helping to lend public confidence to what is generally a poorly understood renewable energy source in the UK,”
The Solarbuzz market report has highlighted the following trends for solar pv:
- The south east accounts for 45 per cent of residential solar pv installations in the US
- 2011 solar pv figures will be hugely impacted by emerging agricultural and industrial projects
- Big name brands entering the solar pv market will easily meet the growing demand for solar installations