16 August 2011: Germany was by far the world’s largest PV market in 2010, with almost eight gigawatts of new installed solar PV power. In one year, Germany has seen roughly 50 million square metres covered by about 40 million solar panels.
According to Solarplaza´s overview of the world’s biggest PV markets , more cumulative solar power has been installed in Belgium than in the whole of China. The German market in 2010 accounted for 50% of the world market. It was three times bigger than the number two: Italy. Both markets have a feed-in tariff providing financial incentives for consumers and business customers installing a solar power system.
The rapidly growing international solar industry leads to decreasing prices for module and turnkey systems. The overview of the world’s 10 biggest PV markets shows that all markets are still driven by financial support programmes. This situation is likely to change in the coming years. Support programmes are being reduced, and force the industry to lower their costs and prices. On the other hand, more solar PV markets are emerging. And the strongly reduced module prices – more than 60% in three years – will make solar competitive soon in more of the sunny countries such as India, the USA, the Middle East and China. These markets have a huge potential and are climbing in Solarplaza´s overview of the world’s biggest PV markets.
For How Long will Germany Remain the World’s Largest PV Market?