Posted on Friday, May 14th, 2010 at 3:03 pm
According to the new report Solar’s Shakeout: Europe Loses Leadership as China Rises,” strong demand growth in Asia and the U.S. will push the market to 9.3 GW in 2010, hitting a dollar value of US $39 billion. Building from there, continuing price reductions for all types of solar technology are expected to open new markets and help the solar industry reach $77 billion in revenue and 26.4 GW in capacity by 2015. A large portion of the growth is expected to come from China, which in the last few years has become large manufacturer of solar modules and materials, but not yet a large buyer of them. Lux said it expects China to be the world’s largest solar market in 2015. The report underscores, however, that the renewed balance between supply and demand will arrive only after a wave of company failures and lower utilization rates.
