The global market for solar energy

Frost & Sullivan, a Mountain View, Calif.-based growth consulting firm, estimates that global solar market revenues will grow between 2014 and 2020 despite the economic uncertainty in the global markets. A number of government sponsored initiatives are expected to boost the proportion of energy coming from “green sources” and political willingness will also be a key driver of this market. With climate change high on the agenda for most governments, renewable energy has come to the forefront as one of the solutions proposed to combat global warming. Incentive mechanisms are also an important factor encouraging investments for the growth of the solar power market.