Growing global PV market close to 50 GW in 2015
The PV Market Alliance has announced the release of its annual Global PV Market Report.
According to the PV Market Alliance, global PV markets will grow this year close to 50 GW, fuelled, as in 2014, mainly by growth in China, Japan, the USA and some emerging countries. European markets are expected to stabilize after the steep decline observed since 2011, while India's potential will start to impact the global market.
Market development up to 2020 is affected by a significant level of uncertainty but is likely to grow up to 70 GW and possibly 90 GW in the most optimistic scenario.
The PV Market Alliance, established in late 2014, groups recognized regional PV experts from China, Europe, Japan, Latin America and the US, covering the global PV market.
In addition, the PVMA received support from renewable organisations such as Solar Power Europe (formerly EPIA), Solar United, Bridge to India, Enerplan (France), Gunder (Turkey), PV Poland and UNEF (Spain).
Combining an intimate knowledge of the market with advanced understanding of policy developments in both established and emerging PV markets, the PVMA's report constitutes one of the most reliable global PV market analysis available to date and provides a comprehensive framework from where to understand PV market developments worldwide.