Tuesday 26 June, 2018| The PV Market Alliance forecasts a 200 GW PV Market from 2022
June 20th, the PV Market Alliance (PVMA), released the third annual Global PV Market Report in which global PV markets should double during the next five years, reaching between 180 and 200 GW from 2022 in a more diversified market.
Although a significant level of uncertainty and policies changes from China Government, PVMA anticipates that market demand will remain growing due to strong develope in India, Europe, and many emerging markets on all continents.
From 2019 onwards, the market should reach the 100 GW threshold and continue growing and diversifing. Distributed generation will keep growing in share, while new market segments will start to contribute significantly: floating PV, agricultural PV, and applications for vehicles. New applications could represent up to 25% of the global PV market from 2022.
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PV Market Report from PV Market Alliance
This report constitutes one of the most reliable global PV market analyses available to date. It covers an indepth regional perspective and detailed analysis of more than 40 individual PV markets and it provides comprehensive insights allowing understanding and anticipating future PV global market developments, featuring different scenarios according to international trade and energy conditions.
PV Market Alliance was established in 2014 by groups well-known regional PV and energy experts from China, Europe, Japan, Latin America and the US.