Navigant Research: 2013 the year global PV market stabilises

Facebook
Twitter
LinkedIn
Reddit
Email

2013 will be the year of stabilisation for the global PV market, according to clean technology market research and consultancy firm Navigant Research.

Despite trade wars and incentive cuts, further price reductions are predicted as PV is expected to be cost competitive by the end of the decade in most countries. The report, ‘Solar PV Market Forecasts’ also predicts annual PV installations are to double in capacity, from 35.6GW to 73.4GW by 2020, with annual revenue surpassing US$134 billion at that time.

This article requires Premium SubscriptionBasic (FREE) Subscription

Unlock unlimited access for 12 whole months of distinctive global analysis

Photovoltaics International is now included.

  • Regular insight and analysis of the industry’s biggest developments
  • In-depth interviews with the industry’s leading figures
  • Unlimited digital access to the PV Tech Power journal catalogue
  • Unlimited digital access to the Photovoltaics International journal catalogue
  • Access to more than 1,000 technical papers
  • Discounts on Solar Media’s portfolio of events, in-person and virtual

Or continue reading this article for free

The market will mature and develop, mainly by the growth of non-distributed solar; distributed solar is to account for less than half of all installations by 2014, and through to 2020, non-distributed solar will make up for more than half the market.

“Lower prices for solar PV modules are opening up new markets for distributed PV, while also helping the technology reach grid parity more quickly,” says Dexter Gauntlett, senior research analyst with Navigant Research.

The market will shift from Europe to the Pacific, with market opportunities noted specifically in Chile, South Africa and Saudi Arabia.

“The Asia Pacific region is expected to be the leading regional market for solar PV installations throughout the forecast period, led by China, where more than 100GW of solar PV will be deployed by 2020,” said Gauntlett.

IHS market research also recently predicted emerging markets’ installed capacity will double by 2017, with Thailand leading the pack.

Read Next

July 10, 2025
German renewables company BayWa r.e. has secured a €3 billion (US$3.5 billion) loan for 'operational initiatives and pipeline expansion.'
July 10, 2025
US renewables developer Invenergy has launched commercial operations of 250MW Fairbanks Solar Energy Center in Sullivan County, Indiana. 
July 10, 2025
US solar residential installer Sunnova has entered into a stalking horse asset purchase agreement with Omnidian for some of its assets.
July 10, 2025
A report published by the US Department of Energy (DOE) this week claims that the previous government’s support for renewable energy could cause blackouts to “increase by 100 times” by 2030.
July 10, 2025
UbiQD has signed a supply agreement with First Solar to supply its fluorescent quantum dot technology for use in the latter’s PV panels.
July 10, 2025
Copenhagen Energy has partnered with Thy-Mors Energi to set up a 100MW PV and BESS project in Ballerum, about 370km from Copenhagen. 

Subscribe to Newsletter

Upcoming Events

Media Partners, Solar Media Events
September 2, 2025
Mexico City, Mexico
Solar Media Events
September 16, 2025
Athens, Greece
Solar Media Events
September 22, 2025
Bilbao, Spain
Solar Media Events
September 30, 2025
Seattle, USA
Solar Media Events
October 1, 2025
London, UK