Solar PV price declines will outpace demand growth, analysts say.

“The global solar market for grid-connected systems will grow from 15.8 GW in 2010 to 37.5 GW in 2016, a compound annual growth rate of 15.5 percent,” says Lux Research Analyst Matt Feinstein. “However, price declines will outpace volume increases, at least at first. The industry will actually shrink on a revenue basis from $64.4 billion in 2010 to $56.9 billion in 2012.” Eight countries will be at grid parity, in the residential sector, by 2016.