Innovation Insights

Competition Heats up in the Solar Energy Sector

Written by Duncan Clark on Sep 30, 2016 10:00:00 AM

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It’s expected that solar energy will eventually become the world’s largest contributor in the production of electricity. In the near term, a recent report by Global Market Insights states that the worldwide solar energy market was worth US $65 billion in 2015, and is likely to exceed $140 billion by 2023, with more than 600 GW of power installed during the forecast period. It’s little wonder therefore that this market has received huge amounts of attention from an innovation perspective.

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Topics: IP & Innovation, Renewables, Solar