PV Solar Munich 01-10-21- Print version.PDF

During recent years, solar electricity generation based on photovoltaics has developed into an industry at annual growth rates above 20%. Major market segments served by this industry comprise consumer applications, remote industrial systems, developing countries, and grid-connected systems. The potential in these markets supports sustained future growth, particularly for applications in developing countries and gridconnected systems in the industrial countries, where PV-generated electricity eventually will start to compete with peak grid power. Backed by price experience curves and a laboratory proven technology road map, a module turnover representing 100 billion € in 2030 and providing employment for several million people worlwide can be extrapolated. A sustainable energy contribution to the worldwide energy mix in subsequent decades is foreseen as a result of competitive PV solar electricity applications.