NovAccess Global Inc (XSNX)

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Unlimited Market Potential The solar panel, or photovoltaic (PV), industry has been growing at a compound annual rate of 35% from 2000-2009, in spite of the global recession. In the middle of a global recession, PV installations grew by 73% in 2010, and by 65% in 2011.(4) The industry generated $82 billion in revenues in 2010 and is projected to grow to $100 billion per year in 2014.(1) At this astounding growth rate, solar power still accounts for less than 1% of global electricity generation. Clearly, the market is vast and with enormous potential.

Consider the following:

Total worldwide PV installation was 64.5 Gigawatt (GW) in 2011 and is projected to grow to 330 GW in 2020.(4)
The US solar market is one of the fastest growing, 30% annually in 2013, with a projected 1 million installations by 2016.(5)
Solar is predicted to be the fast growing market in the world for the next 25–50 years.(3)
The Department of Energy predicts that as the cost per watt of solar systems declines, the levels of market penetration will change dramatically. The figure below shows how much of American electricity will come from PV over the years at various cost per watt levels.