Perfectly in line with its last year report forecast, and short of most too optimistic expectations.
After 40 GW of PV installations in 2014, the PV Market Alliance (PVMA) recognized significant growth in 2015 with a market reaching at least 51 GW, exactly matching last year’s PVMA central scenario forecast. Strong growth was observed in all major PV markets while more emerging markets started to contribute to the global growth, PVMA, consisting of regional PV experts from China, Europe, Japan, Latin America and the U.S., notes.
- China installed in 2015 at least 15 GW, a 37% increase YoY. As anticipated, the utility-scale segment continues to dominate the market with a share of over 70% vs. distributed generation. China overtook the pole position from Germany with 43 GW installed capacity.
- Japan has installed about 10 GW of PV in 2015, with already 7.4 GW(AC) installed by the end of September under the FiT program.
- The US market grew by 56% in 2015 over 2014 to 9.8 GW, driven by ITC uncertainty and accelerated growth in the market for residential solar leases.
- Europe installed around 8.5 GW, driven primarily by a booming UK market at more than 4 GW, followed by a reduced German market at 1.4 GW.
- India confirmed its growth with 2 GW installed in 2015 and positive prospects for the coming years.
- As anticipated, a number of emerging markets on all continents started to contribute significantly to the global growth. Installations reached around 1.5 GW in other American countries and around 2.5 GW in other Asian countries, including Australia. Africa and the Middle East accounted together for about 1 GW.
These figures represent DC numbers and refer to grid connected PV systems. Figures reflecting installations or shipments of PV components can deliver slightly different results.
The “PV Market Alliance” publishes a yearly report on global PV markets. The 2016 report will be released in May 2016.