While news is spreading that our beloved Philippines including Israel, Canada and South Africa will be the next emerging market for solar photovoltaics (PV) market, Italy is set to beome the largest in the world. It has already installed three times the volume of the current global leader, Germany in the first half of the year.
In 2010, it was Germany which has the biggest market in the world which is approximately 50% of the global market last year due to the installed power of almost eight gigawatts of new solar PV power.
Countries included in the top ten were Czech Republic (1,151,000 kW of Solar PV power installed in 2010), Japan (990,979 kW), the US (918,000 kW), France (719,000 kW), China (400,000 kW), Spain (392,000 kW), Australia (383,300 kW) and Belgium (357,860 kW).
The above ranking however will change specially when when the government is reducing the amount of financial incentives available for solar PV power and renewable energy developments, example of which is the Czech Republic. Japan however may inch up due to the Fukushima disaster earlier this year.
The Philippines also has a big chance of getting on in the top 10 due to massive government support on renewable energy development. Actually we need to be faster as China and India are also set to become major players. India has introduced National Solar Mission and China recently announced its own feed-in tariff system.
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