• 2008 PV installation in Korea recorded 274MW in total which grew 6 times Y/Y
• Total global installations were 5.5GW which grew 2.3 times from 2.4GW in 2007
• Kenny Kim, VP at Displaybank, will be presenting the market analysis and forecast at "2009 Photovoltaic Technology Education Seminar" on March 12, 2009

2008 Global PV Facility Installation (Provisional Sum)

(Source: Displaybank, Korea Photovoltaic Industry and Market Trend)

Korea's 2008 PV facility installation volume had increased 6 times and accounted for the fourth largest market worldwide. Displaybank, a market research company specialized in Photovoltaic & Display industry (CEO: Peter Kwon, www.displaybank.com), had analyzed the 2008 global PV installation volume by region. According to the result, Korea had recorded 274MW total and accounted for the fourth largest market. Spain accounted for the largest market (2,281MW) and it was followed by Germany (1,532MW) and the U.S. (333MW).

Displaybank said the total 2008 global PV facility installation volume was 5.5GW which recorded about USD 21 billion when converted to a price. This corresponds to 2.3 times of the total 2007 installation volume which was about 2.4GW. Spain showed the largest PV installation volume worldwide in 2008 supported by the government subsidy policy. However, it is projected to record a radical decline in the installation volume in 2009 compared to 2008 as the support limit is reduced to 500MW. 

Kenny Kim, Vice-President at Displaybank, said that "the total volume of solar cell produced by Korean solar cell makers in 2008 recorded only about 60MW that most of Korea's installation volume, 274MW, was analyzed to be imported from Europe, U.S., and Japan. In addition, Korea has about 200MW left in the government's power generation margin and it is expected to be exhausted in 2009". He also said, "the Korean PV industry expects the government to additionally expand subsidies and related industry support in order to promote continuous advancement of the industry". 

Displaybank plans to hold "2009 Photovoltaic Technology Education Seminar" for specialist training on March 12 and share the detailed 2008 PV market analysis along with the 2009 forecast.

Annexed data: 2008 Global PV Facility Installation (Provisional Sum)

Rank	Country	Installation Volume (MW)	Market Share	Price (Module Based) US$ Mil.
1	Spain	2,281	41.3%	8,782
2	Germany	1,532	27.8%	5,822
3	USA	332	6.0%	1,262
4	South Korea	274	5.0%	986
5	Japan	226	4.1%	835
6	Italy	162	2.9%	583
7	France	95	1.7%	352
8	Greece	66	1.2%	244
9	China	69	1.3%	235
10	Portugal	42	0.8%	155
11	India	32	0.6%	118
	Others	409	7.4%	1,534
	Total	5,520	100.00%	20,908

กก(Source: Korea Photovoltaic and Market Trend Report, Displaybank, March 2009)