A new report by ResearchandMarkets, Western Balkans Solar Photovoltaic (PV) Power Market Outlook 2019-2028, indicates that the number of fully permitted and ready to build projects is promptly increasing.
Furthermore, the rooftop market segment in many countries is not developed and forecasted to score significant growth in the near future.
As 2017 and 2018 were challenging years for the photovoltaic industry, the time for making the right decisions during 2019 and the next few years is limited. A fast-changing market environment requires relevant and accurate information.
Key report findings:
- The rooftop market could at least double from 2018 to 2028 according to the optimal case scenario, while the utility-scale market could triple for this period
- Ground-mounted utility-scale PV will remain the dominant application for solar power over the 5-year span of this report. But with EVs and smart cities making stronger inroads after 2020, there is a lot of potential for rooftop solar in the mid- to long-term
- In the lead up to 2028 feed-in tariffs will continue to lose their power and will cause uncertainty to stimulate investments in photovoltaic installations, whilst grid parity, reduction of the cost of PV technology, smart grids, corporate renewable PPA’s, tenders, prosumers and net metering would be main drivers of global photovoltaic capacity development between 2019 and 2028.
The report provides 300 pages of information and in-depth analysis of the Western Balkans countries’ photovoltaic market. The aim of the report is to bring clear and concise insights, to help investors, manufacturers and service providers in their decision making the process.
This market report is available for download here.
Image credit: ERA Portal Austria