Global PV market demand will continue to grow rapidly

Despite the challenges of economic environment changes and subsidy policy adjustments, it is expected that global PV market demand in all regions will maintain rapid growth in 2010. According to the latest PV market analysis report released by Solarbuzz, a world-renowned solar energy research institute, there will be 9 countries in the world with more than 250MW of solar installations in 2010, compared with more than 250MW in 6 countries in 2009. Solarbuzz analyzed the high growth of these regions mainly from strong government support and increased consumer demand.

“The uncertainty of the economic situation, the diversity of subsidies and the variability of subsidy policies have created a difference in demand growth in the regional PV market,” said Craig Stevens, president of Solarbuzz. “Although subsidy policies and economic conditions have many challenges, the supply of PV markets is almost It's hard to keep up with the growth of demand."

The report believes that Germany leads the global solar demand market, while Italy, the Czech Republic and France are expected to continue to grow. Germany still leads the global demand market in 2010. Despite this, the upcoming policy changes, including the second consecutive subsidy rate reduction in the next seven months, will increase the efforts of other manufacturers to develop other markets. Solarbuzz believes that although the European economy is in crisis, European PV markets such as Italy, the Czech Republic, Belgium and France will grow rapidly this year, and Italy, the Czech Republic and France will have a market demand of 3GW this year. At the same time, Spain will rebound from the continued weakening demand in the past two years due to policy adjustments.

Solarbuzz said in the report that Italy, the Czech Republic, the United States and Japan are capable of achieving 1 GW of PV installations in a single year, and the recent addition of subsidies to Japan and the United States has made these two markets grow faster. The US market, through the American Recovery and Reinvestment Act (American Recovery and Reinvestment Act), including tax incentives, electricity price buybacks, short-term financing and other multiple policies, has enabled the United States to have the potential for market multiplication in 2010. In addition, the California Public Utilities Project and other states on the Renewable Energy Act will create a larger market.

In emerging regions, orders for PV projects in China and India indicate that these two countries will be important production bases in the next two years. China has nearly 100 planned installation plans and orders of up to 18.6GW, while India will also contribute 4.8GW.

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