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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But until grid parity is reached, the PV industry is committed to ensuring the best possible use of support schemes. Three main factors have driven the pphotovoltaics growth enjoyed by PV in recent years: Trends Scenarios Policies Database. PV has proven itself to be a reliable and safe energy source in all regions of the world.
Global market outlook for photovoltaics until
The total installed PV capacity in the world has multiplied by a factor of 27, from 1. In the rest of the world, the leading countries continue to be those that started installing PV even before the EU. Secondly, the price decreases that have brought PV close to grid parity in several countries have encouraged new investors. 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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Firstly, renewable energy is no longer considered a curiosity. The future of the PV market remains bright in the EU and the rest of the world. In the so-called Sunbelt countries, decreasing prices are bringing PV closer to grid parity and helping spread awareness of its potential. Uncertain times are causing governments everywhere to rethink the future of their energy outloook, creating new opportunities for a competitive, safe and reliable electricity source such as PV.
The market is expanding every ojtlook, with new countries joining progressively. With between and GW of PV systems likely to be installed 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.
But what about the future of PV market development? The time has come for reasonable support schemes in line with price evolution. PV is now a mature technology that is rapidly approaching grid parity.
Three main factors have driven the spectacular growth enjoyed by PV in recent years:. That growth has proved to be sustainable, allowing the industry to develop at a stable rate.
In the coming months and years EPIA will support the adaptation of support schemes to prices.