30 Sep '13, 7am

Emerging solar markets set for rapid installation expansion through ...: The market in Thailand has already ta...

Emerging solar markets set for rapid installation expansion through 2017, says IMS Research Press release, September 30; Alex Wolfgram, DIGITIMES [Monday 30 September 2013] 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 2012-2017. Annual installations in these emerging countries are expected to increase to 10.9GW in 2017, expanding at a CAGR of 38% from 2.2GW in 2012. In contrast, the overall global market will expand at a CAGR of only 13% during the same period. The emerging markets will account for 19% of global installations in 2017, up from just 7% in 2012. "Across the world, new markets for solar PV are emerging, propelled by government incentives, including tenders for large-scale contracts, feed-in-tar...

Full article: http://www.digitimes.com/news/a20130930PR200.html

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