PV Market forecasts a 200 GW from 2022
Global PV markets should double during the next five years, reaching between 180 and 200 GW from 2022 in a more diversified market.
Although a significant level of uncertainty prevails, the current transition period in China will not produce significant effects after 2020 and the PV market will continue its solid growth.
The market will continue to diversify, with distributed applications growing in share, while new market segments will start to contribute significantly: floating PV, agricultural PV, but also BIPV and VIPV (PV for vehicles) will complement the existing ground-mounted and BAPV plants. Off-grid will remain marginal in volume while large-scale off-grid will grow, especially in Africa. New applications could represent up to 25% of the global PV market from 2022.
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