EPIA revises solar market growth for 2009: global installs reached 7.2GW
May 7, 2010 - Mark Osborne - pv-tech.org
Preliminary 2009 market figures issued in March, 2010 by the European Photovoltaic
Industry Association (EPIA) showed that installations had increased by 6.4GW,
however in newly revised final figures, installations increased to at least
7.2GW in 2009. The PV market therefore grew by almost 15% in 2009 compared
to 2008 and the total cumulative power installed in the World increased by
45% to 22.9 GW.
Not surprisingly the German market was a key catalyst for growth last year,
which increased from 2 GW in 2008 to around 3.8 GW installed in 2009, representing
more than 52% of the World PV market.
Revised figures from Italy also helped push 2009 installed figures to nearly
1GW more than the preliminary figures issued in March. Installations in Italy
reached 720MW, up significantly from 338MW in 2008.
Other European countries also experienced good growth in 2009. Czech Republic
and Belgium saw installations of 411MW and 292MW, respectively. France followed
with 185MW installed in 2009, with an additional 100MW installed but not
yet connected to the grid, according to the EPIA.
The market also developed significantly outside Europe with 484 MW installed
in Japan and 477 MW (including 40 MW of off-grid applications) in the U.S.A.
However, the EPIA forecast for new emerging markets such as the UK may be
overly conservative. The trade association noted that it expected the UK
market to reach between 20 and 40 MW in 2010 on a ‘moderate’ analysis.
Market research firm iSuppli Corp is currently estimating installations
could reach 100MW in the UK in 2010.
2010 market forecast
The EPIA is projecting that strong growth is set to continue in 2010. Despite
concerns over the impact the German feed-in tariff reductions will have,
Germany is still expected to retain its number one position with up to 4.5GW
installed this year.
Overall, installations could reach 12.7GW, a 76% increase over 2009.