News EPIA: Global PV market growth to recover in 2014

On May 9th, 2012, the European Photovoltaic Industry Association (EPIA, Brussels, Belgium) announced the release of its latest annual report on actual and projected growth in European and global solar photovoltaic (PV) markets.

Global market outlook for photovoltaics until 2016 states that future market growth will depend strongly upon national policy decisions, estimating that the global PV market will grow to between 38.8 GW and 77.3 GW in 2016. The report predicts relatively flat growth in global PV markets in 2012 and 2013 due to reductions in European subsidy programs, estimating global PV markets between 20 GW and 40-41 GW in size both years.