Europe to lose role in driving global PE market
More than 31GW of new solar photovoltaic (PV) capacity was installed across the world in 2012, according to a new report from the European Photovoltaic Industry Association (EPIA).
However, the results of 2012 and the forecast for the coming years show that Europe’s leading role in driving the global PV market is coming to an end.
In 2011, Europe accounted for more than 70 per cent of the world’s new PV installations; in 2012 this number was around 55 per cent. In 2013 it is almost certain that the majority of new PV capacity in the world will be installed outside of Europe.
EPIA’s new report, Global Market Outlook for Photovoltaics 2013-2017, assesses the European and global markets for PV in 2012, and makes forecasts for the next five years.
In a statement, Winfried Hoffmann, EPIA president said, ‘The results of 2012 signal a turning point that will have profound implications in the coming years.
‘The global PV market is shifting from one driven mostly by Europe to one that also depends on countries around the world with varying degrees of solar potential and the political will to exploit it.
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