Europe > Western Europe > European Union > EPIA, area to produce 7-10% of world photovoltaic energy in 2018

European Union: EPIA, area to produce 7-10% of world photovoltaic energy in 2018

2014/06/09

Photovoltaic energy is growing in the Middle East and North Africa and is showing great potential someday, according to a study published on Friday by the European Photovoltaic Industry Association (EPIA) analyzing the sector's world perspectives until 2018.

If in Europe - next the boom recorded in 2011 with Italy and Germany as protagonists - there has been an inversion in the trend over the last year with fewer new systems, the opposite trend has been registered in MENA nations. Percentages remain low here compared to the Old Continent but the trend is growing, the research noted. The MENA market today makes up for approximately 2-4% of the world market but is expected to grow to 7-10% by 2018.

Increase in Europe is proportionally slower and less significant than expected, with a 25% increase estimate over the next four years (from today's 21%).

''In 2011, 74% of new installations of photovoltaic systems in the world was in Europe, 55% in 2012 and 29% in 2013'', researchers explained.

The opposite trend recorded on the two shores of the Mediterranean is marked as well from this perspective. The % of systems present in Europe compared to the rest of the world will go down from today's 50-51% to 36-37% in 2018.

The MENA region should go from its current 1-3% to 5%.

The photovoltaic market will be driven by energy request, the study said, and if request in Europe is ''stagnating'', ''the same does not apply for the rest of the world''. Over the next four years, the fastest increase in this sector will be registered in China and South-East Asia, followed by Latin America, MENA nations and India, according to the statement.

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