PV market to contract in 2009, says IMS Research
Source: DIGITIMES, Press release; Jessie Shen, 27 March 2009
http://www.digitimes.com/news/a20090327PR201.html
The global photovoltaic (PV) market is set to contract for the first time in 2009 in terms of new installations, according to IMS Research. IMS Research’s ongoing analysis shows that although the PV market doubled in 2008 in megawatt (MW) terms, a contraction in shipments is anticipated in 2009. The contraction will be caused by the sudden drop-off in demand from Spain, with its newly implemented 500MW cap. This is likely to result in a shortfall of some 1.5-2GW in 2009. Although this will in part be counter-balanced by growth in Italy and Eastern Europe, the dramatic decline of the Spanish market will lead to an overall drop in worldwide shipments. (more…)