WHERE SOLAR IS COMING ON

Emerging Solar Markets Set for Rapid Installation Expansion Through 2017

September 26, 2013, (IHS Inc.)

“The next big opportunity for growth in the global solar business lies in small, emerging markets where photovoltaic (PV) installations are forecast to rise at about triple the global average during the period from 2012 through 2017…to 10.9 gigawatts (GW) in 2017, expanding at a compound annual growth rate (CAGR) of 38 percent from 2.2 GW in 2012…[while] the overall global market will expand at a CAGR of only 13 percent during the same period. The emerging markets will account for 19 percent of global installations in 2017, up from just 7 percent in 2012…Thailand and Turkey are expected to become the largest markets…Poland, Turkey and Russia are all rolling out support schemes…Ukraine and Romania already install PV systems at a rapid pace…[and] the Netherlands, Switzerland and Denmark are set to continue…IHS expects South Africa, Israel and Saudi Arabia to drive PV additions in the Africa-Middle East region…Chile, Brazil and Mexico will fuel demand in Latin America. In Asia-Pacific, PV demand is dominated by Thailand and South Korea…” click here for more

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