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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Secondly, the price decreases that have brought PV close to grid parity in several countries have encouraged new investors. PV is now a mature technology that is rapidly approaching grid parity. But the financial crisis and competition with other energy sources have put pressure on policy makers to streamline the incentives for PV.
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The market is expanding every year, with new countries joining progressively. In the so-called Sunbelt countries, decreasing prices are bringing PV closer to grid parity and helping spread awareness of its potential.
Three main factors have driven the spectacular growth enjoyed by PV in recent years: PV has proven itself to be a reliable and safe energy source in all regions of the world. 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.
Trends Scenarios Policies Database. Firstly, renewable energy is no longer considered a curiosity. Three main factors have driven the spectacular growth enjoyed by PV in recent years:.
Global Market Outlook for Photovoltaics until
In the rest of the world, the leading countries continue to be those that started installing PV even before the EU. With between and GW of PV systems likely to be installed inthe forecasts are promising.
The future of the PV market remains bright in the EU and the rest of the world.
That growth has proved to be sustainable, allowing the industry to develop at a stable rate. The total installed PV capacity in the world has multiplied by a factor of 27, from 1.
The time has come for reasonable support schemes in line with price evolution. In the coming months and years EPIA will support the adaptation of support schemes to prices.
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. But until grid parity is reached, the PV industry is committed to ensuring the best possible use of support schemes.
But what about the future of PV market development?