Jan 7 2011
RNCOS has released a new market report titled ‘German Photovoltaic Market Analysis’. As per the report, Germany continued its dominance in the worldwide photovoltaic market and performed well even under economic slowdown.
Private companies’ R&D efforts, government subsidies, and reducing solar production cost have been increasing the market forecast in recent times. However, the efforts of regulators to make the industry autonomous is expected to affect the growth of cumulative PV installations market in the future. This market is expected to grow at 24.4% CAGR from 2010 to 2014.
The report states that Germany accounted for 52% of the worldwide PV deployments in 2010, and maintained its first place in the global PV market. The government is launching several programs to encourage the renewable energy market. The photovoltaic market share in renewable energy development is anticipated to increase in the next years, which will place Germany as a major investment region for international photovoltaic companies.
The photovoltaic power production cost is declining in Germany and the grid parity is feasible in the coming three to four years. These factors will further influence the photovoltaic power demand in the country during the outlook period. The report covers information and statistics on all major industry sectors such as solar parks, residential and commercial. It also offers market trends on photovoltaic power facilities, solar inverter industry and cell production.