David Kirkpatrick

October 2, 2008

Solar market growing rapidly

Filed under: Business, Science, Technology — Tags: , , , , — David Kirkpatrick @ 9:29 am

From KurzweilAI.net — According to a Lux Research report the solar industry figures to hit $100B in five years.

Solar Market Reaches $100 Billion In 2013
KurzweilAI.net, Oct. 2, 2008

Solar is poised for continued impressive growth, with new installations primed to increase nearly five-fold from 2008 to 2013. Starting in 2009, however, supply will exceed demand, leading to price decreases.

According to the new report from Lux Research entitled “Solar State of the Market Q3 2008: The Rocky Road to $100 Billion,” this change will transform the solar industry, creating a market where sales grow dramatically, but it is increasingly difficult for companies to profit.