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100% increase in Asian PV demand

Solar photovoltaic (PV) demand from China and Japan during the second half of 2013 is forecast to reach 9 GW, representing an increase of 100% compared to the first half and 70% compared to the second half of 2013, says a new NPD Solarbuzz report.

Overall, PV demand from the Asia Pacific (APAC) region will exceed 16 GW during 2013, up 90% year on year, and will account for over 40% of global PV demand this year, according to findings in the new NPD Solarbuzz Asia Pacific Major PV Markets Quarterly.

“The record level of PV shipments to China and Japan coincides with corporate margins returning to positive territory and the final shakeout phase of uncompetitive manufacturers nearing completion,” said Finlay Colville, vice president at NPD Solarbuzz. “Having entered 2013 with a highly cautious outlook, tier-one suppliers are poised to exit the year with restored confidence, ahead of optimistic shipment and margin guidance for 2014.”

China is forecast to become the top country for PV deployment in 2013, while Japan continues to be the most active PV market this year, with growth of 150% in 2013 compared to the prior calendar year and a forecast of over 5 GW in the pipeline for installations before the end of the second quarter 2014. 

“End-market growth in China and Japan has become essential to support domestic manufacturers and project developers, in addition to contributing to renewable targets,” added Colville. “However, we do not yet know how far the subsidies will be reduced during 2014 or how much capacity can be added before market caps on annual PV installations will become necessary.”

 

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Photovoltaics (PV)  •  Policy, investment and markets  •  Solar electricity

 

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