European Photovoltaic Association will release 2015-2019 global PV market outlook

The photovoltaic industry is booming around the world. The European Photovoltaic Industry Association (EPIA) will provide the latest data on the PV market and the outlook for the industry at the beginning of this year's Intersolar Europe Conference. With the support of Intersolar Europe, the “2015-2019 Global PV Market Outlook” report will be released on June 9, 2015. In addition, visitors to Intersolar Europe 2015, held in Messe München, Germany, on June 10-12, will receive information on the current and future development of the solar industry.

According to the EPIA, more than 40 GW of photovoltaic (PV) power generation systems were installed worldwide in 2014. With these systems, the total installed capacity in the world reached approximately 177 GW last year. China is in a leading position in the rapid development of solar energy, followed by Japan and the United States. According to the association's forecast, in the next five years, the total installed capacity of photovoltaic solar energy may triple, reaching 550 GW. The “2015-2019 Global PV Market Outlook” report details the development direction of the market. The report will be released on June 9th during the opening ceremony of the IntersolarEurope conference.

According to the EPIA, the installed capacity of the European market last year was about 7 GW. With the accumulation of expertise in the field over the past few decades, Europe remains an extremely important part of the PV industry, and it is currently used in the global expansion process. Many exhibitors at this trade fair will prove this and share their basic knowledge at the Intersolar Europe conference.

Future prospects of the photovoltaic market

Through this “Global PV Market Outlook” report, EPIA will lay an important foundation for future decisions at IntersolarEurope. The report assesses the global solar market and looks ahead to the future of the next five years. As part of the IntersolarEurope conference, reports for Africa, Asia, Europe, the Middle East and the Americas will be presented at five “Global PV Markets” conferences.

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