Heliovolt
Market

The market for photovoltaic modules is large (over $3B in 2004) and growing (at 33%+ per year for the last 5 years).

It can be segmented by use into the "on-grid" and "off-grid" segments.

World PV Market

The Consumer Electronics arena is relatively small today (less than 15% of $3B) but is expected to experience significant growth if lower manufacturing costs can be reached to serve the developing low price "disposable electronics" market. The Power Generation arena is 85% or more of the $2B PV module market, but less than 0.5% of the overall electrical power generation market. Even though it is already large, this PV market is also expected to experience significant growth if lower manufacturing costs can be reached to make solar electricity more competitive with fossil fuel generation. These two arenas have very different needs, and it will take very different products to succeed in each. HelioVolt's primary target market is Power Generation.