--- title: Long-Term Growth in the Photovoltaic (PV) Industry description: SEMI has released a policy white paper discussing the long-term growth of the PV (solar) industry. image: https://www.cimetrix.com/hs-fs/file-14038410-jpg/images/pv_decreasing_cost-resized-600.jpg --- [![Cimetrix-PDF-combined-logo](https://www.cimetrix.com/hs-fs/hubfs/logos/Cimetrix-PDF-combined-logo.png?width=361&height=100&name=Cimetrix-PDF-combined-logo.png "Cimetrix-PDF-combined-logo")](https://www.cimetrix.com) [English](https://www.cimetrix.com/) - [한국어](https://www.cimetrix.com/kr) - [日本語](https://www.cimetrix.com/jp) - [中文简体](https://www.cimetrix.com/cn) - [中文繁體](https://www.cimetrix.com/tw) - [ Products ** ](https://www.cimetrix.com/blog/bid/84061/long-term-growth-in-the-photovoltaic-pv-industry#) #### [Smart Connected Equipment](https://www.cimetrix.com/equipment) - ##### Connectivity - [CIM300](https://www.cimetrix.com/cim300) - [CIMConnect](https://www.cimetrix.com/cimconnect) - [CIMPortal Plus](https://www.cimetrix.com/cimportal) - ##### Control - [CIMControlFramework](https://www.cimetrix.com/cimcontrolframework) - #### [Smart Connected Factory](https://www.cimetrix.com/factory) - [Sapience](https://www.cimetrix.com/sapience) - #### [Utilities](https://www.cimetrix.com/utilities) - [ECCEPlus](https://www.cimetrix.com/ecce) - [EquipmentTest](https://www.cimetrix.com/equipmenttest) - [EDATester](https://www.cimetrix.com/edatester) ##### Schedule a Demo Today! 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The basis for the discussion is that the SEMI PV Group believes that solar is at the beginning of a long growth cycle. Indeed, it is easy to understand the huge growth potential for solar. First, there is a rapid decline in the cost of generating solar power, as the paper explains (see Figure 1). ![PV Decreasing Cost resized 600](https://www.cimetrix.com/hs-fs/file-14038410-jpg/images/pv_decreasing_cost-resized-600.jpg) ***Figure 1.*** This cost decline is one factor in the rapid increase in demand forecasted by the International Energy Agency (see Figure 2).   ![PV Industry Growth Forecast](https://www.cimetrix.com/hs-fs/file-14038422-jpg/images/pv_growth_rate-resized-600.jpg) ***Figure 2.*** Second, the U.S. and many other countries are seeking alternatives to petroleum as a primary energy source. As Bettina Weiss, executive director, SEMI Photovoltaics Business Unit, stated in the announcement of the white paper “Despite a significant contraction in the global PV market this year, solar is at the beginning of long-term growth cycle and will be a major contributor to energy independence and help the U.S. to break from its reliance on fossil fuels.”   We at Cimetrix are seeing an increased interest in the PV2 standard. Companies want to know how they should use the interface standard as they develop new equipment for the solar industry. We have updated our ***Cimetrix Introduction to SEMI Standards: PV2 (PVECI)*** white paper to provide a tutorial for anyone who wants to know more about the standard.  Topics: [Photovoltaic/PV Standards](https://www.cimetrix.com/blog/topic/photovoltaic-pv-standards) Posted by [Cimetrix](https://www.cimetrix.com/blog/author/cimetrix) on Apr 13, 2012 9:01:00 AM ![](https://www.cimetrix.com/hubfs/logos/C_Logo_Vertical_300x300.png) ### Subscribe to Blog Updates ### Follow Me ### Recent Posts ### Posts by Topic - [Doing Business with Cimetrix (164)](https://www.cimetrix.com/blog/topic/doing-business-with-cimetrix) - [Industry Highlights (114)](https://www.cimetrix.com/blog/topic/industry-highlights) - [Smart Manufacturing/Industry 4.0 (103)](https://www.cimetrix.com/blog/topic/smart-manufacturing-industry-4-0) - [Semiconductor Industry (95)](https://www.cimetrix.com/blog/topic/semiconductor-industry) - [Events (89)](https://www.cimetrix.com/blog/topic/events) - [Cimetrix Products (69)](https://www.cimetrix.com/blog/topic/cimetrix-products) - 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