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F "
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"+ =, $?, >?K >, !?>>-?= ??, I? ?
E>
"=+ F?>>, $?
E@ A??>, ED'A, F ?, F?>, GEED, G!F!, G?, E$AC', ?> ?,
!A, !EA- 1, "EA, #'!A, $> A??>, , ??? >??I > B> A??>,
A!A, ?>, >>, EC, > A??> ? !, BF, C???>, A!, E!A, A, ?
A??>, >E?>, >?>, ?, !A ?, EF,
D/: '>=, >
I/: F? ?>? (?), E? ? E>I AG. - ??: ?> ?M ( 4, 48), ? .A (
8), F ? ( 12), #I? F>= ( 40), F>? !E - !> ? ? E>I ( 56).
D+: >? ? ? > ? = ? ?> >
> > > ?> . A ? ?> E!A >? = ? ?>.
? >? ? > ?>.
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TABLE OF CONTENTS
1. INTRODUCTION 4
2. METHODOLOGY AND SCENARIOS 8
3. MARKET EVOLUTION 12
A. Historical PV market development 13
1. World 13
2. Europe 16
B. The market in Europe in 2012 and the forecast until 2017 191. Installed vs. commissioned capacity figures 19
2. Relevant European markets in 2012 20
3. Segmentation 22
4. Forecasts of PV in Europe until 2017 25
5. 2020 potential and targets in the EU 26
6. Support schemes in Europe and prospects for PV 30
C. The global market in 2012 and the forecast until 2017 31
1. Forecasts until 2017 33
2. Forecasts per segment 36
3. Future prospects for market development 39
4. PHOTOVOLTAICS IN THE ENERGY SECTOR 40
A. PV: the first new generation capacity in the European Union in 2012 41
B. PV contributes almost 30% of new generation in 2012 43
C. PV positioning in the electricity generation capacity over the last 12 years 46
5. INDUSTRY EVOLUTION 48A. Production capacity vs. actual production 50
B. Global PV production capacity outlook until 2017 52
C. Technology development 54
6. CONCLUSION 56
Glossary 58
List of figures and tables 59
EPIA GLOBAL MARKET OUTLOOK FOR PHOTOVOLTAICS 2013-2017 3
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INTRODUCTION
1
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5/60EPIA GLOBAL MARKET OUTLOOK FOR PHOTOVOLTAICS 2013-2017 5
1. INTRODUCTION
I 2012 >? ? ?> ? ? ??? () >??I, H>
= ? ? > ?> I ? ?=> = > =>=
? ? I. ? +== "' ++> >I 16 ? ? > ? > ? ? 1 G .
E I >?> =? > 53 =?> ?> ? C'2.
=I, > > = ? ?>?= , > = 31 G ? > I
?==?> ?> ? > 2012 O ?I = > ?-> I ? 2011. B
> > >= => , ?I > = >> =I.
? 2012 > >> ?> > ? = ??> =?> > ?=>
I. F? = > =? > , E?> = ? > ?= ?
? I. ? ?? ? > = ? ? E? ? ?=>
? ?> > ?I. ' ? O ?> ?=> ? ?= ?
? I ?, >> > ? I =, ?> > =? >
>I ? ?>??> O ? I > = ??? ? > .
? E?> > ? = ? > 2012, > = ? ? >H
I. ! ?> > >> >I ? 1 ?= >I ==, >?> ??>,
?>=> > > . > > >I I I
I ?= >I ? 8 E!A ?? > B > 2013.
E"IA / 2012 +=:
L A=
2017; > ?I-D> >?, ? 84 G > 2017
1 E!A >I ?> I= > ?>> ? ; =?> ? ? ? ? = ? > > > >?> > ?>>?> > ???I ?>.
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1. INTRODUCTION
A ? ?
! ?= ? 2012 > ? ? ?=> I E?R > ? >
= ?=> ? > >. !> 2011, E? ?> ? 74% ? ?R > >?>;
> 2012 >= ?> 55%. !> 2013 =? > =?I ? > I
> ? > ? ? E?. ? ?> ? > > E?R >=
> ??> ?> ? I ?> ? > ? ? I. ? ,
= > E? ?> > -> ?> > ??= ? >> ?.
B ? =? O > > O > > I. G?>
?, > ? > ?> C>, A, "> > !>. "' <
+/ ?> ? ?>> => ? > 2012 ?
?=> > I ?. ?> ? >??I, > >
I > >, =?=>= ? ?> P IQ.
=?=> > > > > I ? >/? > > I >
I ?> = ? ? ? > ?>-= ? ? >> > >>>
I=. ?- PI>= IQ > > > E ?>, >
> I > ?= => ? ?= ?>. !> =? ?>, = ?I=>
> ?> ? =? > . ? >?> = O I > >?,
=?, ? ? O >> >> ?> E!AR ? > >? I
? ?>> ?> >?> = > >. A ?> I > ?I> >? I ?I= > ?> > 2012, >> ? =>
? ?=> ?I >>. !> ?=> I, ?I=>
> = =? ?> I ? ? ? I > I I=.
"' ?> = > ?I, > 2012 >=-?> I
? > E?> >?> (E) > = ? >I > I. "' ? +> 2.6% => ? I I=. G >
= >?> > ? , = =? > > , I ? ? = > ?=> I.
? > > ?>> ?> ? ? > E? > ?> ?
?=: ?>>> ?>?= > >> ; >I ?>??>; ? =
>>; ? > ?I >I ?>=> ?> ?===> ? >
>I ? > =-> =?>. B > > ? ? , ??> ?
? ?, > ?>?>, ? ?> ? ? ? O >, >
>>I > ? ? O => ?.
=> ?> ? > ?>> ? ?, > ? ?==
?I= ? => >.
6 EPIA GLOBAL MARKET OUTLOOK FOR PHOTOVOLTAICS 2013-2017
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1. INTRODUCTION
EPIA GLOBAL MARKET OUTLOOK FOR PHOTOVOLTAICS 2013-2017 7
? >?=?> ?>I O >> ??> ? ? =; =>
?; >?> > >I ?; > ?> ? O ? E!A =
..?/>/?>/?-=-???-?-???-2013-2017/
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METHODOLOGYAND SCENARIOS2
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9/60EPIA GLOBAL MARKET OUTLOOK FOR PHOTOVOLTAICS 2013-2017 9
2. METHODOLOGY AND SCENARIOS
I>= ? ?=> >?> > = > I >>. B > ?->>
, > = ?> ? > ?> I > >/? ?> ?>
? I =, ?> = ??> ?= =? ?=H > >
I ?. E!AR >I > > 2013, ? E?> =
> I ? =, I = I >> >?>
?= > >?-> = ? > >I >-> = > > => (>,
?== > >).
!> ?>, ?>?= >>I > E?> = > ?=
?I= ? = ?> > ?> =, =?> ?
=. ?> I ? >? ?>> > >??I >
?=> =? O ?> = ?=> > I >? I . ??,
= = ?>R I >? ? ? ? >>> ?.
!> 2013, E!A ?= > H> -??> H ?= =?> I >
= ? >I, , >?> ??> > >I >. B ?>
?-> ? > ?>??> ? ?==>I = ??> =?, E!A
? >? ? ?=> ? =:
L B=--&= + = = = ? >? =?
>?=> ? => ? H> ? =>=, ? ?>
/=?> ? H> =. !> >?, = > ?> ? ?
>?>, = >>I ?> ?> > F-> (F) ?
L "+-D> + = ?>>?>, => ? >??> ?
? =>=, ?=> I ?> ? ? ?> =? ?
? > ?=> I. A> ? =?> >>I =>
> =>> ?>>?> ?. A? = ??= I
> ? =>= I ? > ? ?> H> ?
> >> ? ?, I > ? > ?= , =I
? B>-- >?
> ? >?, ? >I ? ?=> ? = >
?> ? . B ?> ??=- ? ?>I , >
> >?.
!> ??=- ?, ?>? ? ? >?? > ? ?
= ?=>, ?I > B>-- >? ?
?>I > ?I-D> ?> ?>. $? ? ? ? ? ? ?I ? = ?=> ?>, ? ?I.
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2. METHODOLOGY AND SCENARIOS
I> ? > >? ? > >
>? I ?>>. ?, = > I ? >?> > =
?>?> ? => >I =>. ? ? >I I= ?> ?
> ?I ?> ? , I ?>I ? I= ?>>
> ?> I. > > >?> > I= ?>> ? >
>> > ?= .
-/ > ? , I ? ?
I > =? I ? ? ? I . ?- I= > E?
?> ? > 1% ? > I, I > >> ? ? > ?
? ?. F? ?>, ?- I= ? > >? ?> > ? >
I. !> A, ?- I= > 10% ? ? = > 2009 > > >
>. !> A > #?, ?J> ? = ? ?- I > I I >
?>I > >? ?> > ? > I > ? ?>. !> ?>
!>, ?=> ? > ?=> I ? ?> I ?= I I=
> =?- ?>. !> >??> ? ?>- ? ?- >?> ? =?
? ? E?.
AC-DC =: += > -> (DC) I; I I= ?> >>->
(AC) I. ? ?> ? > I= I ?>> DC ?, ?= ? AC
?. =? > > = > ? >I ? > DC-AC ?>?> >
>, ? >?>-?= . ? > I ?
I >?> ? ? > ?=I ? ? , ?>>?> .
?, > ? ?> ?> AC ?, ? ? DC ? >=.
A ? > ?>? > > DC ?, I ??> =
?> AC ?. !> , ? > ?>?> =. !> E?, >
> ?I.
10 EPIA GLOBAL MARKET OUTLOOK FOR PHOTOVOLTAICS 2013-2017
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MARKETEVOLUTION3
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3. MARKET EVOLUTION
A. HISTORICAL PV MARKET DEVELOPMENT
>??I ?> ? = O > > ?>?=
= O > ?> I ? ?=> =? ? ? ? >?> ? ?. A ?
? > 2011, ? = , I ?> > 2012 I ? ?
> 2011.
A > ? 2009, ?R = > I ?> 24 G. '> I
40.7 G > > ? 2011 71.1 G. I 2012, ,
? A (2.4 G) > !> (1.2 G) O ?>I I = ? >?=?
?>; ?> ?= > ?> A, E, ? E A >
$> A= ?> > ? > ?=>. E> ?, = > I? E? 30 G ? 2012, =?>> ?>?> >> > E? >
? ? > > =? ?I > > I ?>=?>.
ROW
MEA
China
AmericasAPAC
Europe
Total
751
n/a
19
146355
129
1,400
807
n/ a
24
178
495
262
1,765
887
n/ a
42
225686
396
2,235
964
n/a
52
290916
598
2,820
993
1
62
3941,198
1,305
3,952
1,003
1
70
5011,500
2,289
5,364
1,108
1
80
6501,825
3,281
6,946
1,150
2
100
8632,096
5,310
9,521
1,226
3
140
1,2092,631
11,020
16,229
1,306
25
300
1,7523,373
16,850
23,605
1,590
71
800
2,7804,956
30,472
40,670
2,098
192
3,300
4,9597,628
52,884
71,061
2,098
601
8,300
8,71712,397
70,043
102,156
F/= 1 - E>=
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3. MARKET EVOLUTION
14 EPIA GLOBAL MARKET OUTLOOK FOR PHOTOVOLTAICS 2013-2017
E?R = ? I ? : ?= > >> = ? > 1 G
> 2003 ? = ? ? 13.6 G > 2010 > 22.4 G > 2011 O > > ? ?>?=
=> > I> ? ???> ? > ?= ?>. B ? ?=> ?
2011, > I H>?> ? > !I > > ? >?> > G=>I,
>? > 2012 > = > ?> ? 17.2 G. F? = > 12 I,
= > E? > = ? > ?>> I.
E> ?, > 2012 = > E? > H H?>. ?, ?
I > ?>>> I= ? >> ?> ?>I, ?= >?> ?= 2010
>? ?>> > 2011 > > > 2012. > = ?> =
?>.
F? > = > 13 I, G ? ?> ? >I 21.3 G, ? ?- ? ? = > I.
= ?? I F> (1.1 G), A > !> (? ? 1 G ) > >
#>?= (925 ). ?=> ? F>, !> > > #>?= (#) >I
=? ?= ? H?>. >I ? = ? ? >> ?=>.
?>I, E? ?? I A-"++ (A"AC) /, > ?> ? "> > C>
> #?, A, > > >. > ?> !
?> I ?> A. E, E > ? A (EA) ?>
> > ?> ? == =. ? ? ?> > ? A=> A, I => ? >>I > ?=> I > >=?
? ?- > ? >?> > 2013 > .
ROW
MEA
China
Americas
APAC
Europe
Total
88
n/a
19
24
117
56
30 3
56
n/ a
5
32
140
133
36 5
80
n/ a
19
47
191
135
47 1
77
n/ a
10
66
230
202
58 4
29
1
10
104
282
707
1,133
10
n/ a
8
106
303
984
1,411
105
n/ a
10
150
324
992
1,582
42
1
20
213
271
2,028
2,575
76
1
40
346
535
5,710
6,708
80
22
160
543
742
5,830
7,376
284
46
500
1,029
1,583
13,622
17,064
508
121
2,500
2,179
2,672
22,411
30,391
-*
410
5,000
3,758
4,769
17,159
31,095
F/= 2 - E>=
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0.
1
0.
30.
5
0.
324
22
138
31
0.
8
1
6
22
55
9
5
105
1
Americas
Braz
il
Cana
da
Chile
Mex
ico
Peru
USA
Market
2011
5 297
4 7 0 1,8
67
Cumulative
2011
5 497
4 23
0 4,4
31
Market
2012
12
268
2 15
15
3,3
46
Cumulative
2012
17
765
6 38
15
7,7
77
W/habitant
20
12
0.1
220.3
0.3
0.5
24
F/= 3 - G "' ? ()
100-150 W/habitant
50-100 W/habitant
10-50 W/habitant
0-10 W/habitant
N/ A
Legend
APAC
Aus
tra
lia
India
Japan
Korea
Ma
lays
ia
Ta
iwan
Tha
ilan
d
Market
2011
837
190
1,2
96
157
0.9
70
121
Cumulative
2011
1,4
12
225
4,9
14
812
14
102
149
Market
2012
1,0
00
980
2,0
00
252
22
104
210
Cumulative
2012
2,4
12
1.2
05
6,9
14
1,0
64
36
206
359
W/habitant
2012
105
1 55
22
1 9 5
China
Market
2011
2,5
00
Cumulative
2011
3,3
00
Market
2012
5,0
00
Cumulative
2012
8,3
00
W/habitant
2012
6
MEA
Isra
el
South
Africa
Market
2011
120
1
Cum
ulative
2011
190
1
Market
2012
60
40
Cumulative
2012
250
41
W/habitant
2012
31
0.8
EU
27
M
arket
2011
22
,117
Cumulative
2011
52
,428
Market
2012
16
,672
Cumulative
2012
69
,100
W/habitant
2012
138
EPIA GLOBAL MARKET OUTLOOK FOR PHOTOVOLTAICS 2013-2017 15
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2. Europe
E?R = ?=> ? ?> > I I,
G=>I ?> ?>> ?===> ?= ?I= ? ? ?=> ? .
3. MARKET EVOLUTION
16 EPIA GLOBAL MARKET OUTLOOK FOR PHOTOVOLTAICS 2013-2017
A > ??= > 2008, G=>I ?>I > = > 2009, > ?>>I
E?> ? ? =. > > > ? ?>> ?
? >> ? I ? ?> ??= H> > 2008. ?
? > > 2010, G=>I ?> >> >?> >=, > !I >
CJ > ? ? ? 3.8 G ? I=. A > > > CJ ,
? = ?=> > ? ??= > ?> I > > >H, ?
?= ?>>?> >I ? > ?I= ?>> ? ? ?
=. !> 2011, ?=> ??= ? !IR ?>>?> > G=>IR >?> > ? ?. F>R ? > 2011 I ? ?>>?> ? ? > >
2010 > ?>>I > 2012, F> = > ?> H. !> 2012, ? I
? G=>I ? E?> = ? ?> ? 17.2 G, 11 G ?=>
?= ?>I > !I ?>. B> ?, #, G, B > B= ?
? = ?=>.
F/= 4 - E>=
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3. MARKET EVOLUTION
EPIA GLOBAL MARKET OUTLOOK FOR PHOTOVOLTAICS 2013-2017 17
F/= 5 - E>=, ?> ?>, >? I > E? > = ? >?> > C> ? >
I ? ?=>. A ?= A, ? ? ? ? > = ?
=, ? > =>I ?> => > ?>.
F? =? , ?=> ? > >? ??> ?>?= ?=>:
A > ?? > 'ECD ?> (E?, ? A=, ">, A ), ?
=> ?>. ? ?, B!C ? ?, C> > !> ? I ? BJ
> ?I ? . A ? ?> ?=> , ? ?= ?-=
?> > ? A.
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50
11
196
70
0.1
0.2
0.4
1
0.3
2
0.1
59
29
16
0.02
22
2
97
95
2
53
0.1
8
0.04
Au st ri a
Belgium
Bulgaria
Croatia
Cyprus
Czech Republic
Denmark
Estonia
Finland
France
Germany
Greece
Hungary
Ireland
Italy
Latvia
Market
2011
92
996
105
0
3
6
10
0.1
1
1,756
7,485
426
3
3
9,454
0.2
Cumulative
2011
188
2,051
141
0
9
1,959
16
0.2
1
2,924
24,807
624
4
3
12,923
0.2
Market
2012
230
599
767
0.2
0
113
378
0
0
1,079
7,604
912
0
0
3,438
0.4
Cumulative
2012
418
2,650
908
0.2
9
2,072
394
0.2
1
4,003
32,411
1,536
4
3
16,361
1
W/habitant
2012
50
241
123
0.04
11
196
70
0.1
0.2
61
398
144
0.4
1
273
0.3
Lithuania
Luxembourg
Malta
Netherlands
Norway
Poland
Portugal
Romania
Slovakia
Slovenia
Spain
Sweden
Switzerland
Turk ey
Ukraine
United Kingdom
Market
2011
0.1
5
10
58
0
1
47
2
321
46
472
4
105
1
188
813
Cumulative
2011
0.3
30
12
141
0.1
3
195
4
508
81
4,889
11
216
7
191
904
Market
2012
6
0
0
125
0
4
49
26
15
117
276
8
200
2
182
925
Cumulative
2012
6
30
12
266
0.1
7
244
30
523
198
5,166
19
416
9
373
1,829
W/habitant
2012
2
59
29
16
0.02
0.1
22
2
95
97
110
2
53
0.1
8
29
F/= 6 - E= "' ? ()
>450 W/habitant
300-450 W/habitant
150-300 W/habitant
100-150 W/habitant
50-100 W/habitant
10-50 W/habitant
0-10 W/habitant
N/A
Legend
18 EPIA GLOBAL MARKET OUTLOOK FOR PHOTOVOLTAICS 2013-2017
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3. MARKET EVOLUTION
EPIA GLOBAL MARKET OUTLOOK FOR PHOTOVOLTAICS 2013-2017 19
B. THE MARKET IN EUROPE IN 2012 AND THE FORECAST UNTIL 2017
=? > 17 G ? > I > 2012 (?= ? 22.4 G > 2011), E?
> = I ? 70 G. = ?=> > =>I I
? =: G=>I > !I. F> ? ?= ? > 2011 (
> I >= ? >?> => ? ?>>). # =? =
?> 925 ? I= > > ?>> > 2012. G (912 ) > B (
767 ) ??= > 2012. ? ?> ?> > B= (599 ),
?> ?> ?> = =? > > I 269 . H ? =, D>=
(378 ) =? ? 2012 > ? >-=> I=, ?? I > (276 ),
A (230 ) > J> (200 ).
1. Installed vs. commissioned capacity figures
=? = ? > >?> , E!A ? >I -?>>
(P?==?> I=Q). >? =???I ? ?>> >?>
> =? ? ? ? I= ?>> ? . !>?> >> ?
>I (I => ? I=), -?>>?> =? >
> ?>> >> ? > I =H (> H> > F).
2012 ?> ? E!AR PG? '?? ? ???Q ? ? > >?> > ?>>?> >? >, > > >? > F>, B=
> !I > > I. ? >= > ?>=, E?> => ? I=
? I = 5 G > 2010. !> ? ?= 13 G ?>> > 2010 >
E?, ? > ?= 18 G ? >?> (> => ? I=).
!> 2011, ? > ?>I 16.9 G > ? 22.4 G O ?=I >> >?>
? = ??> > ? ? I.
!> 2012, = H> ?I > > >?> >
?==?>>. !> G=>I, ?> ? P?== ?==?>>Q ? I= O >
? ?> I= >? I > ? ?>> O ? => ? 3
G ? > D= 2011 > G=>I >? I ?>>, ?> 2011 ?>>?>
>> 2012 ?>. I > G=>I > ? 2012 >? => >?> >= ? 3 G I ?> > 2011. D>> ?> ? I
?>, > I = ? I.
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3. MARKET EVOLUTION
20 EPIA GLOBAL MARKET OUTLOOK FOR PHOTOVOLTAICS 2013-2017
F+ ? =?> E?> ?> > 2012, > > ? ?I >
? >I > ?>> > 2012 ?> = ?>?> ?= > >?>.
1.08 G ? > 2012, ?>I ?=> ? ? ?> > ? 2011
> ? 1.76 G. ?>=> >I ? > ?> 1 G ? I,
?>> ?> = ?=> => >>.
2. Relevant European markets in 2012
> ? > E?R = > 2012 ? >?> ; =
??> I > ?= ?> ?>I ? >?. E> > G, > = I
? ? ??>, ? ?I > > ?> ?= >?. G=>I
> ?> I ?I 7.4-7.6 G ? ?>>?>, > ? ?
> I > ?>I ? ? 32.4 G. ?=> I ? ??>
> = I>=, 2012 ?> I ?=> ->. R $ C?
? EI ($C'E) >? ? > ? I, > > > ?==
=> > G=>I, ?=> > I > I -?>=?> >
?>I F. A?, ? == 7.5 G ?>> > 2011 > 3 G
I > ? > > D= 2011, ?>I II ?>> > ? 2012; > ? ?, >? I ?>> ? 7.5 G. A =? ?
G=>IR = > =?> ? ?> ?> 5-6 G I, ?=
?>=> H?>.
!> I> ? > 2012. >> ?= =?
??= > > 2011, 9.45 G. B G=>I > 2011, =>I I= ?>>
? > !I I I > > > ? 2010. >= >
> >I> = ?= > >?> ?> ? ; > , !> = ?
? 4-5 G > 2010, 6-7 G > 2011 > ?> 3.5 G > 2012. A ? 2011, !>
= > ? > => . > >> ? F,
!> = H> >?> ? ?-F > =>I H.
F/= 7 - E= "' < < 2012 (; %)
Rest of Europe (751; 4%)
Switzerland (200; 1%)
Austria (230; 1%)Spain (276; 2%)
Denmark (378; 2%)
Belgium (599; 4%)Bulgaria (767; 5%)
Greece (912; 5%)
United Kingdom (925; 6%)
France (1,079; 6%)
Germany (7,604; 44%)
Italy (3,438; 20%)
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3. MARKET EVOLUTION
EPIA GLOBAL MARKET OUTLOOK FOR PHOTOVOLTAICS 2013-2017 21
!> &K, > 925 > 2012, ?>-= ? => ? >
= ? >? ? =. G+ > =? 1 G (912 ),
? ? ?>I I > H=I ?>, > 2013 ? ?? I
=? ?>?>. B=/ H> ??= > 2012, 767 > ?
?>=> ? = ? ? = ?; > 2013 ?>IR
= =? ?I ? ?> >>I. B/= > > 599
( ?>R = 269 > > => ?>I), > ?>H ? ?> ?
?>> ? ? ? ? =. ? ? I ? = > 2013. D
?> ? ? I 378 , ??= ? ? > 2013. A= 230 > $? =>I ? = ?=>,
> >= I ? =? = ?.
?= ?>, >?I ", ? H?> > 2012 > ? ? 2013 =>
. !> $, ?>=> =? > >H =??= ?> F, ?I> =>
? =; ?>I 276 ?>> ? > 2012 > ?>I, ?
=?> E?> . ?>-H >-=> = > >? >
? ? , > ?>=>R ? > >? ??=.
& H> = ? > 2011 =? 190 ?>>, > ?I ?
?=> ? ? I ? > I ?> ?=>I. !> 2012, 182 >
> > ?> => >>. C+ #=+ >I > 113 , =?
=?> => > H I ?= ??=> ? 2009 > 2010. $>,
H> ??= > ? 2011 > = ? 2012, > ?> ?
?>I = = > $> ?> >, = ? 117 . #
? > > ?> > = > 2012 ? ?>I 26 ? ?>
=>I H = ? ? > 2013.
#= => ? ?>I = > > ?> ? =.
$? I ?= = > > ? >> ? > ?.
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3. MARKET EVOLUTION
22 EPIA GLOBAL MARKET OUTLOOK FOR PHOTOVOLTAICS 2013-2017
3. Segmentation.
E?> = => ?>?, =>?> ?= ?> ?>I ?
>?. = =>?> > ? > =?> ?>-=?> I=,
?== > > ??? ?> > > ?>. =>?> >?
?> ? > J, > J ? I= I > ?>
? ? =, ?>I I ?>I. !> >, ?== => ?
> ?= > => >? ?>I ?> ? I= J ? > ?
>? ( ? ?>) > = ? I = ?.
= ?> > ? > > ?== > > =>, ?>
? I ?>.
=>?> > E? => ?I > 2012 ?= ? 2011. B > >
> > ?I =?, ?>-=?> => ?I > ?>I >
E? > 2013. ' ? = > E? ?>> > ?== >
> ??? =>; > ?>>, ?> ?> ??> ?
=?. > => ? I > ?= ?>, B=, G
> #.
F/= 8 - E= "' < /
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3. MARKET EVOLUTION
EPIA GLOBAL MARKET OUTLOOK FOR PHOTOVOLTAICS 2013-2017 23
F/= 9 - E= "' < /
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?- ?> => ? ?>> ?=>?> ? = (G=>I,
!I, F>, #).
3. MARKET EVOLUTION
24 EPIA GLOBAL MARKET OUTLOOK FOR PHOTOVOLTAICS 2013-2017
F/= 11 - 5 E=
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3. MARKET EVOLUTION
EPIA GLOBAL MARKET OUTLOOK FOR PHOTOVOLTAICS 2013-2017 25
4. Forecasts of PV in Europe until 2017
C?>> >I ?>> I=, 2012 ? = > > E? > 2000, =>I
? > ? ??= > !> = ( ?R > 2011) ?
E?> = . !I H> =? ?> = > 2011, =
? ?= 2010 ? 2012 ? H> ?. ', ? E?>
= >> ? ?=> I. ? ?= F ?== ?= =
?> > 2013, > ? => = > E? ? ? >I =? >. G> >
?>?>, ?-= ? ? E?> = > ? >>. !>
B>-- >?, ? ? ?= ?I= ? , >?> ? > ?
>H ? ? I. !> ?I-D> >?, = ? > 2013 > ? > ?=
2014 ?>, > I ?> ?=> ? > => = > E?.
F/= 15 - E= = "' < + =
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3. MARKET EVOLUTION
5. 2020 potential and targets in the EU
" ? 12% ? E I => I 2020.
> ? 390 G ? = I I 2020
1 ? ?> ?>I I 2020. !> ?> ? >? > ?>,
>> ?> ? = ? > >? > ? E!A > ?>> ? ? >
?=> ? ?I = > > =?. A ??>>
> >> = ?> ?= >? > 2020 > > ?= ? IR =
J. !> ?> >?= > > ?> H >>?>. ' E = > ? , >? >I >.
26 EPIA GLOBAL MARKET OUTLOOK FOR PHOTOVOLTAICS 2013-2017
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3. MARKET EVOLUTION
EPIA GLOBAL MARKET OUTLOOK FOR PHOTOVOLTAICS 2013-2017 27
"
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3. MARKET EVOLUTION
!.
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3. MARKET EVOLUTION
" >Q ? EA.
EPIA GLOBAL MARKET OUTLOOK FOR PHOTOVOLTAICS 2013-2017 29
B=--&= + ? > 2017 ? > 4%
(C?>>> >R B> >?) >? ? I . > >
=?=> ?= ? E!A ?, = ? ? >? 4%
I 2020. , ?? ?> ? H 4-5% >?> ? ? >
> ? ? .
"+-D> + ? > 2017 =? > > A >? >
> PC?>>> >Q. ! ? ? ? 8% ? I => I 2020. >? ?
> 8% I 2020 ?? ?> > > > ?= = H?>, > 12% ?
= > I ? > >>, > ?=> > =>I
?> > = =>. ! ?I 12% >? >? ?> ??> > ?
=>? = ?=>, >? I ? > E? ? = >.
!#EA" > 2009 ?= I ? ?IR =. A ?= > G=>I >
G, = ??> > =? ?> ? I ? ?> >. F H?> I
> > ? >?>, G=>I > !I ?=>> =. !> E ?,
EA >=I ? 2015 > > >? ?>. H> ?
I >= = ?=> > 2010, 2011 > > > 2012 ??.
"=< ,
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3. MARKET EVOLUTION
6. Support schemes in Europe and prospects for PV
3 - E= "' =< + < ( 2013 ?>I O >> ??> ? ? =; =>
?; >?> > >I ?; > ?> ? O ? E!A =
..?/>/?>/?-=-???-?-???-2013-2017/
" > 2013. EH> ?> => = ?.
C>> >?>=> ? > ? > > ? ?. ? ? ?
=>. => => ?. ? ?. ? > F> ? >
?= => ? =>> =. !> ?>, I > 2012, > ? ?= ? =.
I > > ?>=> F > 2012 ?=> ? ? >? >
? I = C?. !>=> >?>=> I >.
F = ? I = ?> (< 30 ), > = =. C ??> ? F. I ?>
?I> ?= ?>>?> ?, >> ??. ? > 2010, >??> H > 2013. G ?? ?> > >>.
-=> > ?> > ?= 2012. ? = H > > = ? I EC. $?
? ? =? ?= II ? ?I >-=>; ? ?> ? =>.
C F ??> > 2013 ? I= ? 100 . !=? >>I ?> >> = ? I=.
D?> ? II ? >>> ? 2013, ? ?>I >? > ? ?.
A ?I> ?= ?>>?> ? . >> ? = ?=> ? ?>? ?. ? =>
? > .
C F ??> > 2013. ?> ?> I- >?> ? =. F ?> I =>
? ? I?> 2013 > >> ? ? ? F, >> ?I. = >
> => ?. ?=> ?= ?? ? >> > ? ? ? ? ? E.
C F ??> > 2013. ?== ? ? ? =. A >> >?>=> =>
?=> ? > ?. > ? ? - >. $>> ? > ? ?J>
> A 2012, ? H?> ? > 4 2012, I ? ?R I=>.
F = > A 2012 ? = ? ?> ? ? I= ?. ? I >>
(?I =-2013). >> ? = ?=> ? ?>? ? >??> ? .!=?> => ?. ? ? >> , > ? = ?>?>.
-=> > I ?> ? > = ? ? I ? > >=>
>. A ? ? = ? ? I > > =>.
F > G> C = > ?> ? ? I; ?> ?> ? , ?I
> 2014. ? ? >? ?>> ? ? ?= ?>=> ?>.
C F ??> ? = - ? ==-J = =>. F>> => = ?. A=>
? = ? = =>. ? I ? =>. C?=> > > => >
, ? = ? ? ??> ? ? = >II.
F? ?>?> ? - I=, ? H ? > . !=? >?>=>
> 2012. F ? =- I= >> ?. C? ? > ? = ? >? =I.
I ? F > I => . ? ?I H ?= >I >=>. '>?> ? ?
? =- I= ? ? I > ? 2013.
? ? ?J> >>> ? 2012 > >? >?. ' > I =
(=-?>-? ) ?> >I > ?=>. -=> = ?> . F ? >
>>>I ?= ? = (-?>=?> ? ?== I= -?>=?> ,
> ? ?> I =), > > > ?I =?. I > ? =>
?. >I = ? I- => ? >>, >? >> ?=> ? .
C F ??> > 2013. EH > ? ? I. $?> > ?I > .
? => I ? > >.
-=> = ? I= ? 500 . $- ? H ? ? > 2013. A=>
? >. ? ? > 2013 ? 2014.
D ?> ? F > 2012. ? = I >?. G> C (GC) = ?
I= H ? ? > F ? =- >?>. C > > =>
?. ? ? ?=> ?>.
G
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3. MARKET EVOLUTION
EPIA GLOBAL MARKET OUTLOOK FOR PHOTOVOLTAICS 2013-2017 31
C. THE GLOBAL MARKET IN 2012 AND FORECAST UNTIL 2017
E? ?=> ? = ? I ? ? I
?> ? ?. I = ?=> E= ? >I =>,
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3. MARKET EVOLUTION
32 EPIA GLOBAL MARKET OUTLOOK FOR PHOTOVOLTAICS 2013-2017
! =?> ? >? C> = ? > = ? ? > I > 2012,
? A > ">, ? ? ?> ? ?=>.
F/= 19 - G "' +== ?> ? ? > I ?>. ' E?, =
->; ?> ?> , ?? I > => ?>I
=. EH ? A> ??= > 2011 > 2012, = => > ?>? > =?
?>. ?> ?I >,
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3. MARKET EVOLUTION
1. Forecasts until 2017
!> B>-- >?, H ? ? = ? E? >? I ?
?=> >? ? ??> ? = > E? > ? ?=> I.
= > > =? = > > , I > E?. B > >
>?, ? = ? 48 G > 2017.
!> 2012, > ? I= > = >?> ?=>
? > ? !> =. B > > >>I > =>> => ?
>I, I ? =? => > ?> ?> > ?=> I O
=?> ? I= > ?>> ? > = ? . > >
> >?> ? > = I ? = ?=>. B >I ? H>
= ? ? =? > ? > 2012, ? ?I > >I O ? = > > ?> ? ?I= >
?= ?>. I ? "' +-> =, ?
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3. MARKET EVOLUTION
34 EPIA GLOBAL MARKET OUTLOOK FOR PHOTOVOLTAICS 2013-2017
??> ? >H I > =>I ?> ?=> > E? > I ?
?I= ? =>> = ?>?> > . I
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3. MARKET EVOLUTION
EPIA GLOBAL MARKET OUTLOOK FOR PHOTOVOLTAICS 2013-2017 35
> ? 100-G = > = ? = ? I > 2012 > =?
=> ? >I > I. D>> ?> ?>?> ? B>--
>?, 200 G = ? > > 2014 > 2016, > ?I-D>
>?, =? > 420 G ? I= ? ?>> ? ? >H I.
F/= 22 - G "' +== + =
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3. MARKET EVOLUTION
2. Forecasts per segment
!> 2012 ??? => > ?> 22 G ? ? >?>, I-
?> =? > 9 G. B =>?> > ?=> I.
?=> ? > > =, E"IA @+< + =
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3. MARKET EVOLUTION
EPIA GLOBAL MARKET OUTLOOK FOR PHOTOVOLTAICS 2013-2017 37
A ?> , I- => H ? > > E? > ??=
> A= > A >> C>. !> ? >?, AAC ?> >> C> ?
? > I- ?>, ? A=.
MEA
China
Americas
APACEurope
Total
47
2,500
1,872
3,22513,977
21,622
150
3,000
2,710
3,780
7,680
17,310
200
3,500
3,050
4,5006,980
18,230
250
4,000
3,980
5,7307,460
21,420
410
4,000
5,070
6,2908,370
24,140
480
5,000
5,750
6,8508,920
27,000
362
2,500
1,886
1,5443,182
9,473
510
3,000
3,010
1,9502,030
10,500
720
3,500
3,610
2,4402,310
12,570
1,050
4,000
4,810
2,9302,620
15,410
1,490
4,000
6,140
3,2203,340
18,180
1,920
5,000
6,980
3,5103,890
21,300
F/= 26 - G
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3. MARKET EVOLUTION
38 EPIA GLOBAL MARKET OUTLOOK FOR PHOTOVOLTAICS 2013-2017
!> ??? =>, E? ? ?> ? 30 ? 40% ? ? =, AAC
?> >> C> > 40-42% > ?=> I.
MEA
China
Americas
APAC
Europe
Total
47
2,500
1,872
3,225
13,977
21,622
330
5,000
3,830
6,990
13,270
29,430
600
5,000
4,170
8,090
13,800
31,650
650
5,500
5,660
9,460
15,880
37,150
980
6,000
6,960
11,250
18,140
43,330
1,220
7,500
7,490
12,600
19,190
48,000
362
2,500
1,886
1,544
3,182
9,473
1,170
5,000
4,260
3,600
3,510
17,530
2,100
5,000
4,930
4,390
4,560
20,980
2,750
5,500
6,840
4,830
5,570
25,490
3,520
6,000
8,430
5,750
7,240
30,940
4,830
7,500
9,100
6,450
8,360
36,240
F/= 27 - G
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3. MARKET EVOLUTION
EPIA GLOBAL MARKET OUTLOOK FOR PHOTOVOLTAICS 2013-2017 39
3. Future prospects for market development
!> 2010 > 2011 E!A P>?> > ?> ? ???Q ?, =>
> I ? ?=> ? ? > ? =. ?=> ?
= ?> ? ? ? : > ? ? ?>I >
> ? ?>I ? >?. ?>I > ? >? > >
I, I ? ? => =?>. > 2010, ??> =
> H> ?= = ?=>: C>, A, !>, !. ?
H ? ? > 2013 > 2014: H?, ? A, C.
F/= 28 - "'
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PHOTOVOLTAICSIN THE ENERGYSECTOR4
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4. PHOTOVOLTAICS IN THE ENERGY SECTOR
A. PV: THE FIRST NEW GENERATION CAPACITY
IN THE EUROPEAN UNION IN 2012
F? ?> I > ? > ?> = > ?I, "' 2012 ? > ?=> ? ? > ?==?>> >
E?. G > 2010, =? > 20 G >I ?>> ? , ? >
? I > 10 G > 2011 > ? 10 G ? > >?> > 2012.
!>> ?==?>> ( => => > ? ? ), ? >?>
?= ? I 5 G > 2012. A ? ??> ?, > > ?>>?>,
>. ?> I ? >, ? > ? > ?==?> =?
> >I >. F ? ? =? > 2012, ?? I ? > >. ?>I ? ?
I I ? > 2012 > > .
F/= 29 - "? /
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4. PHOTOVOLTAICS IN THE ENERGY SECTOR
F 30 ? I > > > ?> ? ?I ?
>?>: ??? >?> (I- ) ? .
'>? >, => > =?> ? ? > I >?>, I > ?>
?> ?? > ??> ? ?=, =? > 1 G
> > ?==?>.
42 EPIA GLOBAL MARKET OUTLOOK FOR PHOTOVOLTAICS 2013-2017
F/= 30 - !< ? /
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4. PHOTOVOLTAICS IN THE ENERGY SECTOR
B. PV CONTRIBUTES ALMOST 30% OF NEW GENERATION IN 2012
!> = ? I ??> ?=> ?= > >? ?>> > 2012, ?= ?>,
? >, > ? > 2011. D ? ?> ? ?
?= ? > > , ?> ? ?> 19 ? > I > ?=
??> I, ?= ? 29 ?= > > >?> > 15 ?= ? >
>>> > 3,000 ? I.
EPIA GLOBAL MARKET OUTLOOK FOR PHOTOVOLTAICS 2013-2017 43
F/= 31 - I 3,000 ? I > ?
> ? ??> ; I ? I = > E? > 2011
> 2012. ? >>, >I ? I > > > >?> > 2012
?> 2011 ?> > >? I ? ?=> ? ?==?>> ?
>, ? > ? ? > > 2012. "' +
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4. PHOTOVOLTAICS IN THE ENERGY SECTOR
44 EPIA GLOBAL MARKET OUTLOOK FOR PHOTOVOLTAICS 2013-2017
B ?> I > > ?>> ? > ? 2012, "' + +=
=/ 2.6%
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4. PHOTOVOLTAICS IN THE ENERGY SECTOR
"' > ? =>=> ? I
I=. F 33 ?= ? ?>?> ? ? I => (
=> ?) > =H== >>>? ?>?> ? ? ?>. =H== ?
? ? ? I > ?= ? ? =?=>. !> G=>I 45%
> I >= ? 20-25% > ? > ?>.
> ? I= ??, ? > ? >I ? ? ?
? > =?> ? I >? . > ?>> >
??> ? - >?> > ? > > PC?>>> >Q I
I E!A > = 2012.
EPIA GLOBAL MARKET OUTLOOK FOR PHOTOVOLTAICS 2013-2017 45
F/= 33 - A= >/ @=
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C. PV POSITIONING IN THE ELECTRICITY GENERATION
CAPACITY OVER THE LAST 12 YEARS
4. PHOTOVOLTAICS IN THE ENERGY SECTOR
46 EPIA GLOBAL MARKET OUTLOOK FOR PHOTOVOLTAICS 2013-2017
$??> > > 2000, ??>> > E? =? I, >> ?>
> >. 1.2% ? ? =>. G> = ? E? > ?,
? > ?=> I ? = > > E?> ?>.
F/= 34 - !< /
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INDUSTRYEVOLUTION5
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5. INDUSTRY EVOLUTION
!> 2012, >I > > ? >> ?, ?, = > >I
? > > ?> ? >. !=?> => ,
? ? > >, ?> > ?>>I
>>I ??>. ? = >?>=> > E? ? =>I =?> I
? ? >.
? = I ? =>I > ?>H ? ??> ?I. >I I
> > => I I ??> I ? > ?
> =? ?>I ?, ? > ?I-> =>. D ?= ?
=/?=?>> ? > > => >
=> > I ? =? ? > 2011 ?>>. !> 2012? >, =, ? >> = ?> I =>I >
I C> = ?.
F 35 ??> ? ? =? I (? ??>) > => (?
) > 2000. = > ?>I > 2003, ??> = => >I
?> . ?, ?= 2004 > ??=> =, E? = => =?
=>I ?= A> ?>. , . =+
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5. INDUSTRY EVOLUTION
50 EPIA GLOBAL MARKET OUTLOOK FOR PHOTOVOLTAICS 2013-2017
A. PRODUCTION CAPACITY VS. ACTUAL PRODUCTION
#/ >I ?> ?> ? 2012.
F 36 > ?> ? ? ??> I (? ) ? ?I?>,
, - > =? > > F= (F) =? ? 2012. >> >
> ??> ?= ?>, =I> > ?> .
?> ? ??> => > > = = ? ?> ? 2011 >
> > . ?, > =?> ?> => >> >>
?> I ? ? > ??> > >. !> ?, >I =>
?> > A. E+ ?, +-$ +, +-$ = C ? +
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5. INDUSTRY EVOLUTION
EPIA GLOBAL MARKET OUTLOOK FOR PHOTOVOLTAICS 2013-2017 51
F/= 36 - G "' ++. =+
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5. INDUSTRY EVOLUTION
F/= 38 - "' CAG# = = ? > > =? ? ? I>= > >>
= > >I ?=> >. ?, E!A I ?
?= > =? > > > > I, ?> I ?= ??=->- I
> > == > => > ??>, > ? ?I ? =
?=> > >?.
F 37 ? ? ?I > ?I?> ? > H> ?> >
> ?I?> H> > 2012. > >>? ?>>
?= =? >, > =? > ? E?> ?>> ?
I > > ? => ? >.
F 38 ? ? >H I >? =? > ? H
=> >??, I> ?> (-) > F, ?>>. A I ?
H ? - =>I ? >>I ? =?? ?> (-) >??, ? ? = I ?> 3% > 2017. ?> ? > CAG ?
=? >I ? - > ?=?> ??> ? C== (C) > C?
!>= G= > (C!G), => = ? F =? > ? 10% ?>
=? .
A?, > C?>> ??? (C) ? > > =
> > ?=> I, =>I ? ?=> > > ?> > A,
>I ? C >I ? ?. ' => >?? '> ???
(') > > = > ? > > ??>
I I =. ?= >? ?> 300 ? ? ' > ? ? 1 G ?
II ??> I ?I > 2017. B ? ? >I > ?
>??I, ? I ? >?= ' >? ?=? ? H> >??.
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F/= 39 - "' = =+ 2012 56.5 G >> =?
>??. ? I ? ? ?>>?I, > ? ? ?> 6% >
2017: > ? -?> =, ??> I ? ? ? 75 G > 2017.
< +-$ ??I > ? ?
H> > ?> I > C> > AAC ?>, ? - >??.
? ??> ? ? - >?? ? ? => ? >??I > ?=>
I. C? ?> > ? > ?> > =? $C'E ? >
>?> ? H> > > >I I , => - ? I
>=> > I = ?>?>.
A
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5. INDUSTRY EVOLUTION
C"', HC"', + / /
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CONCLUSION
6
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57/60EPIA GLOBAL MARKET OUTLOOK FOR PHOTOVOLTAICS 2013-2017 57
A ? > ?> ?> ?> ? I> ? ? ?> > ? ? H? .
? = =? ? = > ? > 2013 => ?>: ?>?= ?> >
E? = =? >? =? I ? ? =. A 15 G ?> > E? ?
> ? = I ? 35 G, >> ?> ?> ? => =. B ?
= > E? =? I ??> => > I > => ? ?=?>>,
=> 2013 I ? ?=>. #?
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A ? ? - 50 =
?> (J) ? E?, C>, E "> =?> ? > 60 = ?> ? A,
">, BJ. ? ? = ?> ?= DC ( ?) ? AC > ? >.
C+ I= (.. >?) > > >
? ? > I >? .
D+< C=< (DC): E > ? ?>I > ?> ?>. ? ? DC >
>?=I ?> ? AC > ? >.
D+ / , > = => >
?>I, > ? ?>-= > >> (?>> >, >, ? >
?>) ? I I ?= >?> ? ?>-= ? ? >
?>I ? > ? ? .
F- (F): ?I =>= > I ?>=> ? ?=? >=> >
E (.. >??I). > F = > I ? ? ?>-=
?> > > H =?> ? =?>I ? =, I I I ?
(>?> ? ?), ? >I >? . F II ? = ,
?> >> > > >I ??>.
G C?>=> ? ? > ? (>)
I > ?= E . G> > ? ?= I
? > ?>= ?? ? ?> ? ?>=> > I.
I ? ? ?? ?
> I >? . ! ? >? ?> ?>> I ( ?).
!< ?> = ? I ?>= ? I
I > = ? I ? I I= ? > ? ? = (I
?> I).
$-+=I > ? I ? ? I /?>= ? ?
I ? = ??> (?>- ?>=?>), >>>?I.
58 EPIA GLOBAL MARKET OUTLOOK FOR PHOTOVOLTAICS 2013-2017
GLOSSARY
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F/= 1 E>==< + =.
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N
E(!A.9.C.2.
D4?>>F
9B?>=>
D
4
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