From 2% to 36%: the global PV usher outbreak!

           According to GTM's latest report "Global PV demand outlook," added the 2015 global PV installed capacity will reach 55GW, an increase of 36% over the previous year, the growth rate is much greater than 2% in 2014.

 

If the 2014 report called "transition year", 2015 will be a remarkable year. This year, due to China's pull, the Asia-Pacific region will account for more than half of new PV capacity worldwide. Europe will turn upward trend; in North America, mainly the United States will also continue year after year of growth.

 

"China has become the world's largest photovoltaic market, the new tariff and subsidy" Five-Year Plan "ambitious solar energy goals, to consolidate this position," GTM Research Institute for Solar Energy analysts, reports Adam James wrote. GTM 2015 Asia-Pacific new 30GW of PV capacity in China will account for 14GW.

 

Europe since 2004 - the period since 2011 in a leadership position, its share of the global market continues to decline. However, GTM Research Institute expects its share to as low as 21% this year, and grow again in 2016. By 2020, the European new PV installed capacity will reach 42GW, accounting for 31% of the global market.

 

US PV market this year will be the third-largest market, behind only China and Japan. GTM Research Institute predicted the United States this year will add 8GW, accounting for 14% of the global market.

 

Today, the prosperity of the global PV market is still largely dependent on policy driven. However, as costs continue to decline, we are gradually entering an era in the economy to win, solar photovoltaic market is becoming increasingly market-oriented competition. The report also noted that there will be a new country to join.

 

"Global PV territory most significant change is the addition of the regional emerging markets, such as Latin America, Africa, the Middle East, they will lower the 1% share, up to about 17% after five years." James said.

 

"Our core argument is that solar PV is to grow exponentially by 2020, photovoltaic power generation will account for about half of annual new installations." James said, "Although solar photovoltaic everywhere in the world, but a few key driving factor is particularly important, including the outbreak of large-scale development of emerging market demand, the development of European grid parity, as well as China and India and other developing countries the resources distributed roof. "

 

By 2020, GTM Research Institute predicted that the new annual solar PV market installed capacity will reach 135GW.

 

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