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PV to Reach $155B in 2018

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BOSTON, May 22, 2013 — The solar photovoltaic (PV) market is on the path to recovery, expecting to reach $155 billion in 2018, according to market analyst firm Lux Research. The “Market Size Update 2013: Return to Equilibrium” report forecasts industry growth to reach 35 GW in 2013 before rapidly ramping to 61.7 GW in 2018. The report predicts that the US, China, Japan and India will take over from Germany and Italy to lead the new market, in which commercial and utility-scale solar will dominate. “Manufacturers’ nightmare is turning into a long-term boon for the industry,”...Read full article

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    Published: May 2013
    AmericasAsia-PacificBusinessChinaEd CahillenergyEuropeGermanygreen photonicsIndiaItalyJapanLCOELux ResearchMassachusettsMiddle EastPV marketsolar photovoltaic marketUSutility-scale solar

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