Analysts from Luxor Research predict a 100% growth until 2018
The analysts claim PV industry will jump up to 61.7 GW, although in 2013 there was only a minor increase to 35 GW. China is ready to jump to the top and become the biggest market.
The sector has dropped since 2011, but the researchers claim that it would have a “healthy 10% compound annual growth rate.”
The investigations also show that China, Japan and India will continue from the point where Germany and Italy have left off. Moreover, the U.S is going to be the second largest market with 10.8 GW of installations in the already mentioned year. Above it will be China, leading 12.4 GW.
Luxor Research show that commercial applications will become the head segment because of the U.S. and Japan increasing markets in the rooftop installations area.
“Manufacturers’ nightmare is turning into a long-term boon for the industry. Record low prices pushed gross margins to near zero or below, but they’ve made solar installations competitive in more markets, Supply and demand will come back into balance in 2015, easing price pressure, returning manufacturers to profitability and restoring the industry to equilibrium,” announced Ed Cahill, Lux Research Associate and the lead author of the report.
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