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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.

The future of the PV market remains bright in the EU and the rest of the world. But the financial crisis and competition with other energy sources have put pressure on policy makers to streamline the incentives for PV. 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.

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PV is now a mature technology that is rapidly approaching grid parity.

Global market outlook for photovoltaics until

That growth has proved to be sustainable, allowing the industry to develop at a stable rate. With between and GW of PV systems likely to be installed inthe forecasts are unfil. Three main factors have driven the spectacular growth enjoyed by PV in recent years:.

Three main factors have driven the spectacular growth enjoyed by PV in recent years: The market is expanding every year, with glogal countries joining progressively. PV has proven itself to be a reliable and safe energy source in all regions of the world.

The total installed PV capacity in the world has multiplied by a factor of 27, from 1. But what about the future of PV market development?

Global Market Outlook for Photovoltaics until

Firstly, renewable energy is no longer considered a curiosity. The time has come for reasonable support schemes in line with price evolution. In the coming months and gloval EPIA will support the adaptation of support schemes to prices. 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 until grid parity is reached, the PV industry is committed to ensuring the best possible use maroet support schemes. Trends Scenarios Policies Database.

In the so-called Sunbelt countries, decreasing prices are bringing PV closer to grid parity and helping spread awareness of its potential. In the rest of the world, the leading countries continue to be those that started installing PV even before the EU.