Solar Market to Reach $70 Billion by 2013

According to SRI Consulting's latest report, the global solar market will double in 2013, reaching 70 billion U.S. dollars. Due to the volatility of oil prices in recent years and the effects of global warming, renewable energy development has been increasingly widespread support, the company explained. The first and second generation of photovoltaic cells require different forms of silicon, very little of the transition metal elements, as well as non-metallic elements. Thereby increasing the price of silicon material. The third and fourth generation of technology to focus on organic polymer and nano-materials, thereby reducing production costs.

"Organic photovoltaic cells research in recent years has made tremendous progress. The conversion efficiency has been more than 5%. Of course, commercial silicon cells are still the main market, because its conversion efficiency has exceeded 25%."

SRIC's report examined the photovoltaic industry in new equipment. From raw materials to final production, the field of solar energy has a very great opportunity, and is increasing at an alarming pace. Organic battery manufacturers are now actively seeking cooperation with the electronics companies.

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