MUNICH, GERMANY--(Business Wire) May 29, 2015 -- Photovoltaics are booming worldwide. The latest figures for the photovoltaic market and the prospects for the industry are presented by the European Photovoltaic Industry Association (EPIA) at the start of this year's Intersolar Europe Conference. The report “Global Market Outlook for Photovoltaics 2015-2019” will be published with the support of Intersolar Europe on 9 June 2015. In addition, visitors to the Intersolar Europe 2015 stand at the Messe München, Germany from June 10 to 12 can obtain information on current and future developments in the solar industry.

According to the EPIA, more than 40 gigawatts (GW) of PV power systems were installed worldwide in 2014, with which the global total capacity reached approximately 177 GW last year. The leader in the solar boom is China, followed by Japan and the United States. In five short years, according to the forecast by the association, the total capacity could triple to 550 GW. How the markets will develop in detail is shown in the “Global Market Outlook for Photovoltaics 2015-2019”. The report will be presented on June 9 during the opening session of the Intersolar Europe Conference.

On the European market the installation was at around 7 GW last year according to the EPIA. Europe remains an extremely important player in the field of photovoltaics, as great expertise has been developed over the past decades, an expertise which is now employed in its global expansion. Many exhibitors at the trade fair will demonstrate this, and share their fundamental know-how at the Intersolar Europe Conference.

A look into the future of PV markets

With the ‘Global Market Outlook for Photovoltaics’, the EPIA presents an important foundation for future decisions at Intersolar Europe. The report evaluates the global solar markets and provides an outlook on the developments within the next five years. As part of the Intersolar Europe Conference, the results of the reports for Africa, Asia, Europe, the Middle East and the Americas will be presented in five “Global PV Markets” sessions.