PV market size to reach 16,3 GW in 2010

The global market for PV-solar cells will reach 16,3 GW in 2010, compared to 7,2 GW in 2009, in other words, a triple digit growth rate. For 2011 a more moderate growth of 25% is forecasted. The main markets will shift from Germany, Czech Republic and France to Italy, the US, China, Canada, India and other smaller markets in the EU and Asia. Furthermore, panel prices are estimated to drop 15% over the course of 2011. Source: Solarbuzz, the information consultant for the solar industry.