Source: IMS Research (acquired by IHS)
Whilst only 90 MW are estimated to be installed in 2012, installations are predicted to increase rapidly over the next four years.
IMS Research estimates there could be more than 15 million 12 V lithium-ion batteries produced in 2022.
The IHS Solar Emerging Markets Study is the first report to provide an in-depth analysis into the growth potential of emerging markets in Asia Pacific, Latin America, Middle-East, Africa and ‘emerging Europe.’
Investment continues to recover following the economic downturn, during which many projects were either postponed or cancelled altogether, with industrial capital expenditure forecast to grow by 6.8% from 2011 to 2012.