EUPD Research: European market for private PV systems on growth path
- Admin
- Jun 25, 2024
- 1 min read
The European PV market is forecasted to grow from 65 GW to 75 GW this year and reach a total of 462 GW by 2028. Demand for private rooftop systems with up to 10 kW output is a key driver. Following the war in Ukraine, there was a noticeable increase in demand due to rising energy prices. The installation of PV home storage systems is also on the rise. EUPD Research is expecting growth rates of less than 10% in the coming years. The report highlights the competitive landscape of installers in Europe, with Germany leading in solar installers. Installers are innovating with new strategies and technologies like storage, wall boxes, and heat pumps.
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