2008-10-10 13:09:32 - Report Buyer, the online destination for business intelligence for major industry sectors, has added a new report analysing the worldwide market for solar residential systems.

'Worldwide Solar Residential Panel: Market Shares, Strategies, and Forecasts 2008 to 2014', which is available at www.reportbuyer.com/go/WIN00050 reports that residential solar markets at $2.5 billion in 2007 are anticipated to reach $39.3 billion by 2014.

The report shows that growth is a result of using residential solar systems to power hybrid and all electric vehicles. Units rose

from 74 million solar panels in 2007 to 25.6 billion units in 2014. Growth comes not only because solar power is the cheapest power source which it will be in many cases, but because it fulfils a variety of convenience needs, not the least of which is a way to attack global warming. Every large enterprise has adopted a green strategy in response to public demand for better energy solutions.

Authors of the report highlight solar is perceived as the best, perhaps the only widespread solution to global warming. Every large enterprise has adopted a social responsibility strategy that makes a nod toward solving the issues of global warming and embraces renewable energy.

They further note that solar energy is a clean, reusable and affordable solution that is increasingly being recognised as the leading alternative energy source for the 21st century.

While hybrid solutions are anticipated to evolve with wind, geothermal, and nuclear solutions, evolving as well, solar looks to be a dominant technology. The solar panel size is a trade-off between the amount of money wanted to invest and the amount of electricity needed to produce. A typical US home uses 13,000kWh per year or 5kWp.

The report 'Worldwide Solar Residential Panel: Market Shares, Strategies, and Forecasts 2008 to 2014' is available from Report Buyer at: www.reportbuyer.com/energy_utilities/alternative_energy/worldwid ..

Report Buyer product ID: WIN00050

About Report Buyer.

Report Buyer (www.reportbuyer.com/energy_utilities/index.html) is a UK-based independent online store supplying business information. The website now carries over 85,000 business information products, including market reports, studies, books and events. Subscribers receive a free monthly newsletter and email alerts on new titles in their areas of interest. A regularly updated blog provides information on the latest market trends.