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Global Market Outlook for Photovoltaics 2014-2018

The "Global Market Outlook for Photovoltaics 2014-2018" includes PV market figures for 2013 and makes forecasts for the next five years for global and European markets. The PV market has grown over the past decade at a remarkable rate - even during dificult economic times - and is becoming a major source of power generation for the world.

2013 was another record year for PV installations with at least 38.4 GW of newly-added capacity around the globe and 11 GW in Europe.
The most important fact from 2013 is a rapid develpment of PV in Asia combined with a sharp drop of installations in Europe.

The report’s major findings include:

  • At least 38.4 GW of PV systems were installed globally in 2013, up from 30 GW in 2012; PV remains, after hydro and wind power, the third most important renewable energy source in terms of globally installed capacity
  • Almost 11 GW of PV capacity were connected to the grid in Europe in 2013, compared to 17.7 GW in 2012 and more than 22.4 GW in 2011
  • For the first time since 2003 Europe lost its leadership to Asia in terms of new installations
  • China was the top market in 2013 with 11.8 GW of which 500 MW represent off-grid systems. Statistics released in May 2014 report that the country may have installed an additional 1.1 GW on top of the 11.8 GW estimated by EPIA. Since it is unsure whether these installations were connected to the grid EPIA did not take them into account. China was followed by Japan with 6.9 GW and the USA with 4.8 GW.
  • Germany was the top European market with 3.3 GW. Several other European markets exceeded the one GW mark: the UK (1.5 GW), Italy (1.4 GW), Romania (1.1 GW) and Greece (1.04 GW)
  • Several European markets that performed well in the past went down in 2013, a consequence of political decisions to reduce PV incentives, Belgian installations went from 600 megawatts (MW) to 215 MW, French went from 1,115 MW to 613 MW, and Danish went down from 300 to around 200 MW
  • Aside from the significant decline in Germany and Italy, the size of the remaining European PV market was stable, with around 6 GW per year in the last three years
  • Outside Europe, several markets continued to grow at a reasonable pace: India with 1,115 MW, Korea with 442 MW, Thailand with 317 MW, Canada with 444 MW and many others

Download the Global Market Outlook for Photovoltaics 2014-2018

Exclusive for EPIA Members!

EPIA Members can access the following extra content (after log-in to the Members Area):

  • Presentation of the Main Findings of the report

  • All figures and tables of the report

  • All historical and forecast data - country by country, region by region

  • Detailed EU analysis by country - incl. historical market, policy context, forecast and market segmentation

  • Overview of Support Schemes in Europe

Solar irradiation world map provided by GeoModel Solar:

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EPIA Report
Global Market Outlook for Photovoltaics 2014-2018

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