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Industry News
Market Research IndustryPike Research Solar energy market predictionsPike Research is a market research and consulting firm that focuses on analysing clean technology markets around the world. The company declares in a new white paper that solar demand will increase significantly this year. In addition, this trend has influenced which solar energy companies will end up being the leaders of the industry this year and in years to come; and which companies will experience lower profit margins and the need to possibly consolidate. The rapid growth of the solar energy revolution in 2009 changed the market to be a more competitive place for companies in the solar industry. The market saw an increase in demand due to lower costs for crystalline silicon cells and modules, which came about due to price drops of polysilicon.“The solar market is now faced with a gross oversupply of modules,” states senior analyst Dave Cavanaugh. “The industry is currently supplied by more than 190 cell and module manufacturers, making consolidation of weaker competitors an inevitable outcome.
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