Global market to approach 70 GW by 2020

Share

New data from an alliance of solar analysts predicts that the global PV market will approach 50 GW in 2015, growing to 70 GW in 2020. The new PV Market alliance presented the findings for the first time at Intersolar Europe.

Growth in China, Japan, the U.S. and emerging markets is set to drive the solar market to almost 50 GW of new installations in 2015. The prediction was delivered by a coalition of analyst bodies including Asia Europe Clean Energy Advisory, Becquerel Institute, Creara, RTS Corporation and SPV market research.

The European market, the analysts find, will stabilize in the near future, after the steep 2011 declines.

The PV Market Alliance worked with regional solar associations to collect its data. 40 national PV markets were analyzed in the research.

The full findings are presented in the Global PV Market Report 2015 – 2020, which will be available at the end of June.

This content is protected by copyright and may not be reused. If you want to cooperate with us and would like to reuse some of our content, please contact: editors@pv-magazine.com.

Popular content

How long do residential solar panels last?

23 July 2024 Multiple factors affect the productive lifespan of a residential solar panel. In the first part of this series, we look at the solar panels themselves...

Share

Leave a Reply

Please be mindful of our community standards.

Your email address will not be published. Required fields are marked *

By submitting this form you agree to pv magazine using your data for the purposes of publishing your comment.

Your personal data will only be disclosed or otherwise transmitted to third parties for the purposes of spam filtering or if this is necessary for technical maintenance of the website. Any other transfer to third parties will not take place unless this is justified on the basis of applicable data protection regulations or if pv magazine is legally obliged to do so.

You may revoke this consent at any time with effect for the future, in which case your personal data will be deleted immediately. Otherwise, your data will be deleted if pv magazine has processed your request or the purpose of data storage is fulfilled.

Further information on data privacy can be found in our Data Protection Policy.