Nine countries' photovoltaic (PV) markets are forecast to exceed 250 MW in 2010, up from six countries in 2009, according to the latest PV market analysis from solar energy market research firm Solarbuzz.
High growth in some regions is attributed to strong supportive government policy and consumer demand.
“PV demand growth in each major market region is being shaped by economic uncertainty, complex and frequently changing government policies,” noted Craig Stevens, president of the market research firm. “Despite political and economic woes, PV supply is barely able to keep up with demand."
Germany still leads the global market in 2010, but impending policy changes and two successive incentive tariff reductions in the next seven months means PV firms will be seeking growth opportunities elsewhere in the next year.
Despite the economic downturn, PV markets in much of Europe – including Italy, the Czech Republic, Belgium, and France – are forecast to grow strongly in 2010. Italy, the Czech Republic, and France are expected to generate some 3 GW of demand in 2010.
Meanwhile, Spain's market is still deteriorating after two years of "catastrophic" PV policy adjustments.
Italy, the Czech Republic, the United States, and possibly even Japan could become only the third country to install 1 GW of PV in a single year. In The United States and Japan, key policy enhancements have laid the groundwork for significant PV growth.
Elements of the complex policy environment in the United States - driven by federal and state rebates, feed-in tariffs, tax incentives, net metering, grants, and other short-term funding from the American Recovery and Reinvestment Act – combine to deliver a potential doubling of the U.S. market in 2010.
Solarbuzz said PV project orders in China and India point to significant PV market growth in the next two years. Almost 100 installations are planned in China, for an unrisked order book of 18.6 GW, with 4.8 GW in the India pipeline.
to Daily News