Indian Solar Market to Reach 4 GW in 2013; Deutsche Bank

Thursday, January 10, 2013 0 comments

Analyst's at Deutsche Bank lead by Vishal Shah, has come up with a New Prediction on Solar market for 2013. They Predict the Total Global Solar installations is expected to grow 22 percent to 33.4 gigawatts in 2013.

They Noted that though the current global Solar Power house like Germany and Italy are showing signs of a back down, Countries like India, China and the U.S. are showing high glimpses for future growth

Chinese and Indian Market's expected to grow more than Double the size in 2013:

Vishal Shah predicts that The Chinese market which installed over 4 GW last year will more than double to 10 gigawatts and the Indian market will more than triple to reach 4 gigawatts and the U.S. will rise 29 percent to 4.5 gigawatts. 

German and Italian Market will dip more than Half:

Vishal Predicts more than half demand cut in mature Solar Markets like Germany and Italy, which were the Largest and third largest markets in 2012.The Declines of these Markets will be offset-ted by the growth shown by Indian, Chinese and the U.S. Markets.
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