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According to the survey, the global solar panel market in 2015 will grow by 25.
4% in terms of capacity to 54.
5GW (54,500MW) in terms of capacity, and will increase by 11.
2% from the previous year to US$119.
9 billion in terms of value.
Although there will be significant growth in capacity terms, the projected growth rate by amount is only about half that of capacity terms, or 11.
2% higher than the previous year, to $119.
9 billion
, due to the collapse in panel supply prices.
According to the study, "In order to get rid of the loss of panel manufacturing and sales business, solar panel manufacturers will enter the panel-related O&M (operation and maintenance) and power retail business, and are changing the business model of only selling panels.
"
The global solar panel market is forecast to expand to 147.
51GW (147,510MW) by capacity in 2025, but only $78.
2 billion
by value.
In addition to China and the U.
S.
, the presence in Southeast Asia, India, Africa and Oceania will also increase, and the global market is expected to grow
at an average annual rate of 10.
5% in terms of capacity between 2015 and 2025.
However, the price of solar panel supply in the market will continue to decline in the future, and will decrease
by value by an average annual rate of 4.
2% between 2015 and 2025.
According to the survey, the global solar panel market in 2015 will grow by 25.
4% in terms of capacity to 54.
5GW (54,500MW) in terms of capacity, and will increase by 11.
2% from the previous year to US$119.
9 billion in terms of value.
Although there will be significant growth in capacity terms, the projected growth rate by amount is only about half that of capacity terms, or 11.
2% higher than the previous year, to $119.
9 billion
, due to the collapse in panel supply prices.
According to the study, "In order to get rid of the loss of panel manufacturing and sales business, solar panel manufacturers will enter the panel-related O&M (operation and maintenance) and power retail business, and are changing the business model of only selling panels.
"
The global solar panel market is forecast to expand to 147.
51GW (147,510MW) by capacity in 2025, but only $78.
2 billion
by value.
In addition to China and the U.
S.
, the presence in Southeast Asia, India, Africa and Oceania will also increase, and the global market is expected to grow
at an average annual rate of 10.
5% in terms of capacity between 2015 and 2025.
However, the price of solar panel supply in the market will continue to decline in the future, and will decrease
by value by an average annual rate of 4.
2% between 2015 and 2025.
