PV market evolution until 2020: The long quest for competitive PV

Published: September 1, 2015

By Gaëtan Masson, Becquerel Institute, Brussels, Belgium

The global PV capacity reached 177GW at the end of 2014, and by 2020 the PV Market Alliance forecasts that 630GW of PV could be installed. The entire value chain of the PV industry needs accurate data and a clear vision of how markets could develop in the future in order to avoid repeating past mistakes, and especially the damaging price war that led to a dramatic industry consolidation. The question of PV market evolution will be acute in 2015 and 2017, which will represent the next two important milestones for PV development: for the first time in years, the PV industry could approach its production capacity limits.

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