PV Industry

Competition among the major manufacturers has become increasingly intense, with new players entering the market as the potential for PV opens up. The worldwide photovoltaic industry, particularly in Europe, the USA, China and Japan, is investing heavily in new production facilities and technologies. At the same time, political support for the development of solar electricity has led to far-reaching promotional frameworks being put in place in a number of countries, notably Germany, Spain, Italy, France, South Korea and the US.

The German market in particular has consistently performed at the upper limit of its projected expansion rate. Other countries outside the OECD nations are also showing their determination to develop a solar-powered future. This clear commercial and political commitment to the expansion of the PV industry means that the current surge of activity in the solar electricity sector represents merely a foretaste of the massive transformation and expansion expected to occur over the coming decades.