Global market for solar cells to hit JPY10trn

Research firm Fuji Keizai has issued a report saying thatthe global market for photovoltaic cells will hit JPY10trn (US$106bn) in the next ten years, through to 2020 -- a 500% increase over current demand. The global market size in 2008 was JPY2.11trn (US$22.44bn), and although the growth rate for this year has slowed because of the economic slowdown, Fuji Keizai is predicting a strong recovery in 2010. (Source: TT commentary from nikkei.co.jp,Aug 28, 2009)