Global Solar PV Market Analyzed in New GlobalData Report Now Available at MarketPublshers.com08 Feb 2013 • by Natalie Aster
LONDON - The global solar PV market witnessed tremendous growth in 2011, as annual installations surged from 16 Gigawatts (GW) in 2010 to 29 GW. During the 2012-2020 forecast period, installations of solar Photovoltaic (PV) are set to experience steady growth globally, and the cumulative installed capacity is expected to reach 329.8 GW in 2020, growing at a CAGR of 18.5% from 2011 to 2020.
Italy and Germany dominated the solar PV market in 2011 in terms of annual capacity additions. The two countries installed over 16 GW of solar PV capacity, contributing to more than half of the world’s annual capacity additions. The US also added significant solar PV capacity, forming 6.3% of global capacity additions. China, France, Japan and Australia followed closely with 5.7%, 5.5%, 4.4% and 2.5%, respectively.
China emerged to be the largest manufacturer of solar PV modules in 2011. Five of the top 10 module manufacturers were Chinese companies and produced more than 20% of the global supply of solar PV modules in 2011. Manufacturing companies based in several countries have their manufacturing plants in China due to the favorable manufacturing conditions in the country and thus have contributed significantly to the supply of modules from China.
The market research report “Solar Photovoltaic (PV), 2012 - Global Market Size, Market Share, Average Price, Regulations and Key Country Analysis to 2020” by GlobalData offers comprehensive information on and analysis of the global solar PV market. It explains the key drivers and challenges impacting the market, and also provides data regarding historic(2006-2011) and forecast(2012-2020) growth of the solar PV market, globally and in key countries – Germany, Spain, Italy, France, the US, Canada, India, China, Japan, and Australia. The country analysis sections include historic and forecast capacity and power generation; segmentation based on end user application; average installation price and market size; major module manufacturers and their market shares in the country; export and import of solar modules; and Levelized cost of energy (LCOE).
Solar Photovoltaic (PV), 2012 - Global Market Size, Market Share, Average Price, Regulations and Key Country Analysis to 2020
Published: January, 2013
Price: US$ 3,995.00
More information can be found in the report “Solar Photovoltaic (PV), 2012 - Global Market Size, Market Share, Average Price, Regulations and Key Country Analysis to 2020” by GlobalData.