New small and medium-sized enterprises (SMEs) will enter the solar cell market in order to supply components to meet the increased demand for renewable energy, a new report has suggested.

The Frost & Sullivan report stated that "promising technologies" are predicted for the solar sector, with easy installation procedures, ease of application in remote areas and the modular nature of developments all expected to be focussed upon.

Frost & Sullivan's Asia Pacific industry analyst of energy and power systems practice Suchitra Sriram said there will also be an increase in the number of firms which deploy system integration and installation, a factor which could also shore up the strength of solar cell manufacturers.

"In the solar power market, investors are keen to take advantage of the declining prices, glut in supply and government incentives addressing this sector," Ms Sriram stated.

Dr Farooq Abdullah, union minister of new and renewable energy in India, has recently said that the country wants to become a leader in solar cell research and development because of its ideal traits such as some locations enjoying 1,800 kilowatt hours per sq m per year insolation.

 

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