In recent years, the global solar market has looked a lot like a monarchy, with Europe reigning as king of installations.
But Europe is quickly losing its crown as the industry\’s playing field levels, bringing a more diversified set of markets around the world.
Between 2006 and 2011, Europe represented more than 70 percent of global solar installations. In the period 2008-2010, the region made up roughly 85 percent of installations. But subsidy reform and high rates of solar penetration are slowing deployment there, while other regions start picking up the pace.
\”That kind of dominance is a thing of the past,\” said Adam James, GTM Research\’s global demand analyst. \”Demand is becoming more diffused globally.\”