Abstract A new report entitled Global Solar Market Report predicts that the total revenue of the solar industry in 2020 is expected to reach US$137.02 billion, nearly double the 2013 figure of US$59.84 billion. However, compared with the solar industry in the past ten years, it’s so fast...
A recent report, the Global Solar Market Report, predicts that the total revenue of the solar industry is expected to reach $37.02 billion in 2020, nearly double the $59.84 billion in 2013. However, compared with the rapid development of the solar industry over the past decade, some analysts believe that this forecast is conservative. The report predicts that China, Japan, India and Australia are the main drivers of the solar market in the Asia Pacific region. In 2014, the market share of these countries will account for 46% of annual demand. In 2020, the installed capacity of solar energy in Germany, France, Spain, Italy and the United Kingdom is expected to reach 75 GW.
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