Global PV Market Set to Take Off

The rapid growth in the solar photovoltaic (PV) industry could lead to an oversupply situation in the short term, but could also lead to grid parity for PV in three to four years, opening many new doors for the industry. That is according to a new report from SolarPlaza.

The report gives an overview of the market forces that are currently driving the global demand for solar power and discusses the probability and consequences of the possible oversupply situation. The first part of the report looks at demand dynamics in the world’s major PV markets. Government policies will come into play as Germany, Spain and the U.S. face uncertainties regarding their respective subsidy programs.

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