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China, India Emerge as Most Promising High-Growth Markets for Solar
Japan, U.K., France, and South Korea also offer attractive landscape and large addressable markets, according to Lux Research’s analysis of policy and market drivers
BOSTON, MA – February 12, 2013 – Global policy changes and the crystalline silicon module price crash have brought the solar industry to a pivotal point from which it must transform and thrive in a cost-conscious environment, targeting high-growth markets such as China and India, says Lux Research.
“While some historically strong demand markets will continue to pay dividends, the real winners going forward will need to make a few well-informed bets,” said Matt Feinstein, Lux Research Analyst and the lead author of the report titled, “Past is Prologue: Market Selection Strategy in a New Solar Policy Environment.”
“Successful players will anchor business in key developed regions like the U.S., Europe, Japan, and China, and place informed bets in markets like South/Central America, the Middle East, and Africa, through new offices or partnerships,” he added.
Lux Research analyzed the risk vs. reward, based on policy and market factors, for both distributed and utility-scale solar in countries around the world. Among their findings:
The report, titled “Past is Prologue: Market Selection Strategy in a New Solar Policy Environment,” is part of the Lux Research Solar Systems Intelligence service.
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Lux Research provides strategic advice and ongoing intelligence for emerging technologies. Leaders in business, finance and government rely on us to help them make informed strategic decisions. Through our unique research approach focused on primary research and our extensive global network, we deliver insight, connections and competitive advantage to our clients. Visit www.luxresearchinc.com for more information.