Asia-Pacific to dominate global PV installs in 2014, predicts Solarbuzz

Facebook
Twitter
LinkedIn
Reddit
Email

The Asia-Pacific region will account for half of all new demand for solar photovoltaic energy in 2014, according to NPD Solarbuzz.

The consultancy predicts a year-on-year growth in the APAC region of approximately one-third from 2013’s 18GW, to at least 23GW in 2014.

This article requires Premium SubscriptionBasic (FREE) Subscription

Unlock unlimited access for 12 whole months of distinctive global analysis

Photovoltaics International is now included.

  • Regular insight and analysis of the industry’s biggest developments
  • In-depth interviews with the industry’s leading figures
  • Unlimited digital access to the PV Tech Power journal catalogue
  • Unlimited digital access to the Photovoltaics International journal catalogue
  • Access to more than 1,000 technical papers
  • Discounts on Solar Media’s portfolio of events, in-person and virtual

Or continue reading this article for free

“APAC will dominate both manufacturing supply and end-market demand in 2014, with more than 80% of module production also coming from the region,” said Steven Han, analyst at NPD Solarbuzz.

“This milestone marks the final chapter in the transition from historic European domination to a new PV industry, where supply and demand from APAC will determine the basis of the 50GW global PV industry going into 2015,” he added.

Just five countries will be responsible for 95% of this demand, namely China, Japan, India, Australia and Thailand. China and Japan account for 85% by themselves but the report anticipates Thailand’s new 25% renewables target for 2021 will drive growth there.

The firm’s Asia Pacific PV Markets Quarterly report notes the efforts in China to install 8GW of its 12GW target for next year on rooftops. Despite the push for more distributed generation, NPD Solarbuzz predicts that more than half of next year’s demand will be ground-mounted.
 

Read Next

April 30, 2025
Cadmium telluride (CdTe) thin-film solar manufacturer First Solar has issued revised guidance to reflect the expected impact of the implementation of new tariffs set by Donald Trump’s administration.
April 30, 2025
QatarEnergy has inaugurated two solar projects with a capacity of 875MW, which will more than double Qatar’s installed solar capacity.
April 30, 2025
Almaden has announced plans to establish a wholly-owned subsidiary in the United Arab Emirates, via its existing subsidiary Almaden (MENA).
April 30, 2025
Stonepeak has acquired a 46.3% stake in Repsol’s 777MW solar and storage portfolio currently in operation in New Mexico and Texas.
April 30, 2025
Spanish energy utility giant Iberdrola has reported huge profits of over €2 billion in the first quarter of 2025.
April 30, 2025
Daqo New Energy has posted gross losses of US$81.5 million, and a gross margin of -65.8% in the first quarter of 2025.

Subscribe to Newsletter

Upcoming Events

Media Partners, Solar Media Events
May 7, 2025
Munich, Germany
Solar Media Events
May 21, 2025
London, UK
Solar Media Events
June 17, 2025
Napa, USA
Solar Media Events
July 1, 2025
London, UK
Solar Media Events
July 1, 2025
London, UK