Solar market to nearly triple by 2018 as Asia leads Europe: EPIA

Globally installed solar capacity will nearly triple over the next four years, boosted by strong growth in Asia, which dethroned Europe as the world's biggest solar market last year, according to a major industry association. 

Cumulative photovoltaic installations are seen rising to about 374 gigawatt (GW) in 2018, compared with 139 GW last year, the European Photovoltaic Industry Association (EPIA) said on Monday in its annual market report. 


The figures are based on EPIA's "medium scenario", which it says depicts the most probable market development until 2018. 

Asia is expected to account for more than 40 percent of the global total in 2018, up from about 29 percent in 2013, while Europe's share will diminish to about 35 percent, down from last year's 59 percent. 

"Europe's role as the unquestioned leader in the PV market has come to an end," EPIA said. "For the first time in more than a decade, the European PV mark .. 

Read more at:
http://economictimes.indiatimes.com/articleshow/35946012.cms?utm_source=contentofinterest&utm_medium=text&utm_campaign=cppst