Mai / Epia. Global Market Outlook for Photovoltaics until A solar industry briefing giving useful informations and figures on added and cumulated . 3. The EPIA Global Market Outlook for Photovoltaics (PV) from to is a key publication for the PV sector. Based on an internal analysis of market data. C. The global market in and the forecast until 31 EPIA • GLOBAL MARKET OUTLOOK FOR PHOTOVOLTAICS • 3 onwards, driven by the approaching competitiveness of PV and emerging markets in Europe.
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The total installed PV capacity in the world has multiplied by a factor of 27, from 1.
Global Market Outlook for Photovoltaics until
That growth has proved to be sustainable, allowing the industry to develop at a stable rate. Three main factors have driven the spectacular growth enjoyed by PV in recent years:. The EU, having overtaken Japan, is now the clear leader in terms of market and total installed capacity – thanks largely to German initiatives that have in turn helped create global momentum.
In the rest of the world, the leading countries continue to be those that started installing PV even before the EU. The market is expanding every year, with new countries joining progressively. In the so-called Sunbelt countries, decreasing prices glbal bringing PV closer to grid parity and helping spread awareness of its potential.
Global market outlook for photovoltaics until
But what about the future of PV market development? With between and GW of PV systems likely to be markeet inthe forecasts are promising. But the financial crisis and competition with other energy sources have put pressure on policy makers to streamline the incentives for PV.
PV is now a mature technology that is rapidly approaching grid parity.
The time has come for reasonable support schemes in marrket with price evolution. In the coming months and years EPIA will support the adaptation of support schemes to prices.
But until grid parity is reached, the PV industry is committed to ensuring the best possible use of support schemes. The future of the PV market remains bright in the EU and the rest of the world.
Uncertain times are causing governments everywhere to rethink the future of their energy mix, creating new opportunities for a competitive, safe and reliable electricity source such as PV.
Trends Scenarios Policies Database.
Three main factors have driven the spectacular growth enjoyed by PV in recent years: Firstly, renewable energy is no longer considered a curiosity. PV has proven itself to be a reliable and safe 20115 source in all regions of the world.
Secondly, the price decreases that have brought PV close to grid parity in several countries have encouraged new investors.