Worldwide distributed solar PV market to surge through 2015
During that period, the cleantech market intelligence firm anticipates that total installed capacity of distributed PV will rise from 9.5 gigawatts (GW) to more than 15 GW.
The market is dominated by residential and commercial grid-connected PV systems as the installed price of solar energy continues to fall and end-user demand rises, said Pike.
Senior analyst Peter Asmus said: â€œConsumer and commercial demand for distributed solar systems is growing as the cost of PV modules has continued its steady descent. Combined with innovative financing and leasing options, third-party and utility ownership models, and highly-effective feed-in-tariff programs, solar PV is expanding faster than most expected.â€
Mr Asmus adds that demand for such systems is concentrated in regions with favorable financial incentives, including Germany, Italy, France, the Czech Republic, the US (led by California), and Canada (led by Ontario).
The research firmâ€™s analysis indicates that Europe will continue to be the largest regional market for distributed solar PV over the next several years, but China and Indiaâ€™s growing economies and high percentages of population without access to reliable electricity represent large market opportunities.
â€œTodayâ€™s solar PV market is all about cost, which is good for consumers and installers, but brutal for manufacturers. We expect that costs will continue their rapid decline as Chinese crystalline silicon manufacturers gain market share and efficiency continues to increase for thin-film technologies,â€ says Mr Asmus.
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