OILPRICE reveals the ten largest markets for photovoltaic (PV) solar power based on the number of global installations.

Global solar PV installations are expected to reach 24 GW this year, up from 19 GW in 2010, according to a new report from IMS Research.

Italy has overtaken Germany as the largest market for PV installations with capacity expected to reach almost 7 GW. Italy accounts for 28% of global installations while Germany is close behind with 23%.  Together they account for one-half of the world’s installations.

However, the growing markets are Asia and the United States.

American and Asian markets will account for 85 percent of the global growth installations in 2011 and are expected to continue to lead through 2012.

The graph at the top of this post identifies the primary markets for PV solar.

 

 

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