Table of contents
Table of contents ................................................................................................. 2
Introduction.......................................................................................................... 3
Oversupply will start new and dynamic phase in rapidly growing solar industry ...... 3
Chapter I. The demand side in the largest PV markets ......................................... 4
The German PV market continues to grow ........................................................... 4
Moderate growth market in Japan............................................................................ 5
The huge growth potential in America ....................................................................... 6
Spain plays crucial role in worldwide growth scenarios ........................................ 8
Italy: an important new market in Europe .................................................................. 9
New emerging markets ............................................................................................. 10
Chapter II. Spectacular growth of PV industry ....................................................... 14
Spectacular growth in production capacity............................................................ 14
Rise of thin-film technology ................................................................................. 15
Chapter III - Analysis of Supply versus Demand ..................................................... 17
Are the demand and supply sides of the worldwide PV market in balance?............... 17
Oversupply ............................................................................................................ 18
Price pressure ..................................................................................................... 19
Demand from new markets .................................................................................. 20
Consolidation ......................................................................................................... 22
Bright long-term prospects ..................................................................................... 23
Grid parity within reach… .............................................................................................. 24
Conclusions ..................................................................................................... 25 | 