Solar power: 65 GW by 2019

Over the last few years, accompanied by a decrease in prices, production of solar energy increased significantly. Moreover, according to forecasts of Lux Research, the volume of solar power in the world will grow annually by 8.3% - from 37.5 GW in 2013 to 65.6 GW in 2019. Overall, from 2013 to 2019 the global solar market will grow by 75%.

According to the research Lux Research, the further development of global solar energy market is characterized by the following features:
1 The fastest development takes place in the Americas where the annual growth rate is 16.3%. North and South America will be exposed to the strongest increase in the installation of solar systems, whose number increased three times: from 5.3 GW in 2013 to 15.4 GW in 2019. United States, where the output of solar energy will increase from 4.7 GW in 2013 to 11.7 GW in 2019, outstrip the rest of the Americas. It also expects a significant development in South America, where the output of solar energy is projected to increase tenfold to 2.5 GW in 2019. Annual growth in the Asia-Pacific region will be about 8.2%. It is in this region account for over 50% of global demand, led by China, Japan and other emerging markets.
2 Cost reduction will be stable. The additional increase in efficiency caused by a significant reduction in costs is an important factor in the sustainable development of industry and new technologies. By 2019, the system costs will drop to about $ 0.36 / W for the public and $ 0.60 / W for residential households. This would reduce overall costs by 20%.
3. X-Si technology will remain, which provide the greatest advantage: crystalline silicon (x-Si) dominated the market of solar energy by 2019, even despite the fact that there are other promising technologies that can take its place in the future. X-Si, whose share in the market totals 84.6% increase annually by 8.45% from 31.6 GW in 2013 to 55.7 GW in 2019.
As Lux Research, most analysts agree that the next few years solar energy gain momentum in its development, despite the difficulties with which it is faced.
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