International PV market to significantly grow

Forecasts also show that the U.S., Japan, China and Italy are on their way to becoming leading markets within the international solar energy industry. Germany has, however, retained primary position.

Meanwhile, it has been reported that installations which are not connected to the power grid are growing, particularly in Africa, Asia and Latin America.

According to a statement released ahead of the Intersolar Europe trade show, due to start this Wednesday, the international PV market forecast from market research company iSuppli predicts a global expansion in PV of around 13.5 gigawatts (GW) for this year. With a total capacity of almost 10 GW though and a capacity increase of 3.8 GW in 2009, Germany is maintaining its position as the leading PV market.

iSuppli said that Germany will continue to lead the growth of the European market in the coming years, despite cuts to solar energy feed-in tariffs. Italy, the U.S. and Japan are currently on their way to becoming gigawatt markets. Large PV markets are also forming in France, China, Spain, Belgium and the Canadian province of Ontario, with a capacity of between 300 and 600 megawatts.