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. 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.

Global Market Outlook for Photovoltaics until

The total installed PV capacity in the world has multiplied by a factor of globall, from 1. With between and GW of PV systems likely to be markket inthe forecasts are promising. 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.

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But what about the future of PV market development?

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. PV has proven itself to be a reliable and safe energy source in all regions of the world.

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Three main factors have driven the spectacular growth enjoyed by PV in recent years: But until grid parity is reached, the PV industry is committed to ensuring the best possible use of support schemes. But the financial crisis and competition with other energy sources have put pressure on policy makers to streamline the incentives for PV.

Firstly, renewable energy is no longer considered a curiosity. PV is now a mature technology that is rapidly approaching grid parity.

Global market outlook for photovoltaics until

In the so-called Sunbelt countries, decreasing prices are bringing PV closer to grid parity and helping spread awareness of its potential. The future of the PV market remains bright in the EU and the rest of the world.

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That growth has proved to be sustainable, allowing the industry to develop at a stable rate. 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. Three main factors have driven the spectacular growth enjoyed by PV in recent years:.