Over the past few years, solar subsidies have been reduced from caps to cancellations, but solar installations have continued to rise, mainly driven by increased demand from Germany. However, due to the limited cost reduction of manufacturers in the short term, demand in Germany will begin to decline. As a result, demand will shift to Asia and North America, and the solar market will grow at megawatts, but revenue will remain flat as prices drop more than sales.
However, in the next five years, the demand for solar cells will shift to a broader market. Japan, China and India will be the main force of market demand. With the support of the government, the United States will also be a heavyweight market.
According to the survey and analysis, the global solar energy market that can be connected to the grid will grow from 15.8 GW in 2010 to 201637.5 GW, with a compound annual growth rate of 15.5%. However, as the price decline will exceed sales growth, the industry’s actual income will decrease from 6.44 billion US dollars in 2010 to 5.69 billion US dollars in 2012, and it is expected to recover to 6.54 billion US dollars in 2016. â€
In 2011, markets with leading internal rates of return, such as New Jersey, Australia and Greece, were very attractive. Because of government subsidies, these markets with large returns are worth investing in developers.
In 2010, the market demand for solar photovoltaic equipment in Europe accounted for 80% of the total global demand. Since the second quarter of 2011, the demand for photovoltaic products in Europe has declined. The main reason is that many countries in Europe are considering adjusting subsidies for solar photovoltaic power generation projects. The industry has concerns about the future trend of on-grid power pricing policies. In June, the German government withdrew its proposal for a one-time subsidy reduction plan originally scheduled for March 2012. For solar power users such as homes, the German government also provides online prices for electricity purchases that are higher than the market price, which stabilizes market confidence to some extent.
In 2050, solar photovoltaic power generation will have the ability to provide one-third of the world's electricity supply. With the increasingly clear subsidy policy in Europe, nuclear power to accelerate the exit of the clean energy market and the possibility of introducing more preferential policies to encourage photovoltaic power generation, global demand for solar photovoltaic equipment is expected to increase by 30% to 50% in 2011. The growth in demand is mainly from the European region.
However, in the next five years, the demand for solar cells will shift to a broader market. Japan, China and India will be the main force of market demand. With the support of the government, the United States will also be a heavyweight market.
According to the survey and analysis, the global solar energy market that can be connected to the grid will grow from 15.8 GW in 2010 to 201637.5 GW, with a compound annual growth rate of 15.5%. However, as the price decline will exceed sales growth, the industry’s actual income will decrease from 6.44 billion US dollars in 2010 to 5.69 billion US dollars in 2012, and it is expected to recover to 6.54 billion US dollars in 2016. â€
In 2011, markets with leading internal rates of return, such as New Jersey, Australia and Greece, were very attractive. Because of government subsidies, these markets with large returns are worth investing in developers.
In 2010, the market demand for solar photovoltaic equipment in Europe accounted for 80% of the total global demand. Since the second quarter of 2011, the demand for photovoltaic products in Europe has declined. The main reason is that many countries in Europe are considering adjusting subsidies for solar photovoltaic power generation projects. The industry has concerns about the future trend of on-grid power pricing policies. In June, the German government withdrew its proposal for a one-time subsidy reduction plan originally scheduled for March 2012. For solar power users such as homes, the German government also provides online prices for electricity purchases that are higher than the market price, which stabilizes market confidence to some extent.
In 2050, solar photovoltaic power generation will have the ability to provide one-third of the world's electricity supply. With the increasingly clear subsidy policy in Europe, nuclear power to accelerate the exit of the clean energy market and the possibility of introducing more preferential policies to encourage photovoltaic power generation, global demand for solar photovoltaic equipment is expected to increase by 30% to 50% in 2011. The growth in demand is mainly from the European region.
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