According to a solar overview from JP Morgan, the U.S. market will reach 1.6 gigawatts in 2011, compared with a market of 1.35 gigawatts in Germany in 2012. The research firm also expects Greece, South Korea and Italy to grow quickly.
According to a chart in the June report, which in turn cited Marketbuzz and Wall Street research, the U.S. market is projected to grow from an estimated 617 megawatts of new photovoltaic installations this year to 617 megawatts in 2009, 1.02 gigawatts (thousands of megawatts) in 2010 and 1.63 gigawatts in 2011.
The third largest market by this time will be South Korea with 957 megawatts of capacity. In terms of market growth, the fastest growing market is expected to be Greece (135% growth), followed by South Korea (89%), and then Italy (65%). In spite of faster growth, Italy’s market will be smaller than that of Spain in 2012, according to the chart, which shows Italy at 404 megawatts and Spain at 450 megawatts.
– from www.greentechmedia.com