The European solar market is set to stabilise in the final quarter of 2013 as it recovers from 18 months of turmoil, according to the latest data from the consultancy NPD Solarbuzz.
Its latest European quarterly report predicts that quarterly PV demand will show a very modest increase in Q4 2013 following a string of declines.
The firm predicts this stability will continue into 2014 with quarterly demand remaining at a steady level of around 2.5GW.
“Following consecutive quarterly market declines going back to the start of 2012, solar PV demand from Europe is forecast to stabilise over the next three quarters,” said Susanne von Aichberger, analyst at NPD Solarbuzz.
“The downturn in the European solar PV industry has now bottomed out, with the quarterly demand volatility of the past soon to be replaced by more stable end-market dynamics,” added von Aichberger.
The European market has been battered in recent years with the combination of the downturn, the Eurozone crisis and the uncertainty generated by the anti-dumping trade dispute all taking their toll.
The UK, France, Italy and Germany are expected to lead the modest recovery.