Asian Green Technology Holdings Report: Malaysia Could Be the Second Largest Photovoltaic Producer

Online, October 26, 2010 (Newswire.com) - Joining the trend of a greener Asia, Malaysia has aspirations to become the world's second largest producer of solar cells behind china by 2020. Currently China and Germany hold the number 1 and 2 spots, but Malaysia intends to increase its market share to 17% of the global market by 2020 edging out Germany.

Because of Malaysia's strong semiconductor industry they are well positioned to accomplish this goal. Photovoltaic cells demand a lot of silicon, and in order to accomplish 17% market saturation by 2020, they will need to increase their silicon production by 23 times and their solar cell production by 10 times.

Projections estimate that the solar market will continue to grow by approximately 30% per year through 2015 and then 25% per year through 2020 to achieve a 5% share of the total renewable energy market.

Today less than 50% of the global photovoltaic production is supplied from the Asia-Pacific region. By 2020 nearly western competitors will have lost significant market share and nearly 80% of the global supply will originate from China, Malaysia, India, Japan, and the rest of Asia.