According to the latest research that despite Europe solar industry is facing hard condition, the region still gets the lion's share o of the global PV business with 70% in 2011.
There are 15 major global solar markets and nine of them are in Europe. Europe PV installed capacity will reach 15.7GW this year which is three quarters of global market. Worldwide installed capacity predicted to exceeded 22.2GW. There two largest solar markets in the region will be Germany and Italy with 9.4GW and 3.9GW respectively.
By contrast, the third largest market--America will reach 2.1GW on PV installed capacity in 2011, said the research of iSuppli firm.
Although European market accounts for the percentage of 70.7 in 2011, it is lower than last year with 78.1 percent and 12.3 GW. The growth rate will also slow down to 27.5 percent this year from 120.3 percent of last year, especially because of bad news and uncertainty for a few European markets, the whole European PV market will be weakened in 2011.
With regard to Europe market, the most outstanding market is Italy whose growth rate will higher than expectation. By the reason of increasing capacity and best investment conditions, the entire installed capacity will reach 5GW in Italy this year. Ironically, the government seems not have full enthusiasm about solar industry. The Italy government hints that from March 9, 2011, government will start to reduce the PV financial support and complete the whole cut plan in six months.
Germany market is featured by uncertainty compared to Italy. It is anticipated to lower FIT and capital support later this year causing the market in slow growth. Presently, despite Germany is leading the global PV industry and expected to reach the peak in four years, by 2015 the capacity will be 5GW lower than the level of 2010.
The analysis of IHS iSuppli shows that Spain, France and the Czech Republic are issuing policies to dampen investors' enthusiasm on solar energy. Look forward to the future, America will be the largest solar market and Germany will be in the second place. The related integrated circuit is LA1826.
There are 15 major global solar markets and nine of them are in Europe. Europe PV installed capacity will reach 15.7GW this year which is three quarters of global market. Worldwide installed capacity predicted to exceeded 22.2GW. There two largest solar markets in the region will be Germany and Italy with 9.4GW and 3.9GW respectively.
By contrast, the third largest market--America will reach 2.1GW on PV installed capacity in 2011, said the research of iSuppli firm.
Although European market accounts for the percentage of 70.7 in 2011, it is lower than last year with 78.1 percent and 12.3 GW. The growth rate will also slow down to 27.5 percent this year from 120.3 percent of last year, especially because of bad news and uncertainty for a few European markets, the whole European PV market will be weakened in 2011.
With regard to Europe market, the most outstanding market is Italy whose growth rate will higher than expectation. By the reason of increasing capacity and best investment conditions, the entire installed capacity will reach 5GW in Italy this year. Ironically, the government seems not have full enthusiasm about solar industry. The Italy government hints that from March 9, 2011, government will start to reduce the PV financial support and complete the whole cut plan in six months.
Germany market is featured by uncertainty compared to Italy. It is anticipated to lower FIT and capital support later this year causing the market in slow growth. Presently, despite Germany is leading the global PV industry and expected to reach the peak in four years, by 2015 the capacity will be 5GW lower than the level of 2010.
The analysis of IHS iSuppli shows that Spain, France and the Czech Republic are issuing policies to dampen investors' enthusiasm on solar energy. Look forward to the future, America will be the largest solar market and Germany will be in the second place. The related integrated circuit is LA1826.
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