Solar Industry To Hit US $77B in 2015

March 09, 2010

As the books close on what was a turbulent 2009 for the solar industry, Lux Research said that the solar market will soon see the lopsided supply and demand that characterized much of the last year return to equilibrium. According to the new report Solar's Shakeout: Europe Loses Leadership as China Rises," strong demand growth in Asia and the U.S. will push the market to 9.3 GW in 2010, hitting a dollar value of US $39 billion. Building from there, continuing price reductions for all types of solar technology are expected to open new markets and help the solar industry reach $77 billion in revenue and 26.4 GW in capacity by 2015.

Reprinted from Renewable Energy World