The next two and a half years are shaping up to be one of significant transformation for the Europe photovoltaic (PV) industry, according to a new report from IHS Emerging Energy Research. European PV markets are forecasted to add as much as 15.5 gigawatts (GW) from 2010 to 2012 at an average of 5 GW per year.

As competition increases in the downstream development segment, a growing number of international suppliers are challenging the more entrenched European companies for market share.