NPD Solarbuzz: PV market to reach 31GW in 2013; 45% ground mounted

Share on facebook
Facebook
Share on twitter
Twitter
Share on linkedin
LinkedIn
Share on reddit
Reddit
Share on email
Email

PV demand in 2013 is expected to increase 7% year-on-year to approximately 31GW, according to the new NPD Solarbuzz Marketbuzz 2013 report.

The market research firm had previously said that PV demand in 2012 had reached 29GW.

For the first time, China is expected to become the largest market, surpassing Germany. Indeed, Asia is fast becoming the largest market, according to NPD Solarbuzz, which expects China, Japan, and India combined to account for 36% of global PV demand in 2013.

“2013 will represent another transition year, as the PV industry adjusts to softness across legacy European markets,” said Michael Barker, Senior Analyst at NPD Solarbuzz. “The Chinese end market will largely compensate for the downturn in demand from Germany, which previously led PV demand.”

As European feed-in tariffs continue to decline, demand in Europe is expected to fall significantly in 2013. The market research firm projects a 26% year-on-year decline to approximately 12GW. IN 2012 European demand was 16.48GW, almost 60% of global demand, according to NPD Solarbuzz. 

However, the growth in demand from China, Japan and India is expected finally to match demand in Europe, growing over 50% in 2013, and account for more than 11GW of PV demand. In 2012, Asia was the second strongest market, generating 8.69GW of demand.

“In 2013, we expect to see improvement in the market fundamentals that enable PV demand to return to double-digit growth,” added Barker. “Installed-system prices will continue to fall, and PV will become increasingly cost competitive across regions with high electricity rates, shortages in domestic supply, and growing renewable obligations to fulfill.”

Ground mounted growth v residential

Due primarily to regional government incentives in key markets, ground mounted PV is expected to account for 45% of global installations, while the residential market is expected to retain around 20%.

The residential market is being actively supported in countries such as Japan, Germany, Australia, Italy and the UK, which are expected to account for three-quarters of all residential PV installations this year.

Overall, the top 10 PV territories are expected to account for 83% of global PV demand in 2013.

Micro-markets

The market research firm warned that fragmentation of the supply chain for PV modules and balance-of-systems components is expected to continue across a range of addressable markets due to shifts in geographic access, new and ongoing import trade barriers and changes in PV application segments.

“Global trade wars and excessive local manufacturing capacity levels will create micro-environments for PV supply and demand, with each PV supplier serving only a subset of the 31GW demand total,” noted Barker.

In a new guest blog from Finlay Colville, Vice President of NPD Solarbuzz, Colville details the significant changes in regional markets as the micro-market phenomenon gains momentum.

11 May 2021
Join this Talesun Solar webinar focused on providing an insight into the company’s next-generation series of large-area, high-efficiency PERC (Passivated Emitter Rear Cell) modules. These are available in both monofacial (‘BiStar’) and bifacial (‘BiPro’) formats, using 182mm half-cut cells in 144 and 156 cell configurations and provide up to 590Wp performance with efficiencies of up to 21.2%.
11 May 2021
Green Hydrogen: always the future never the now? Join us on 11-12 & 18-19 May for a fresh look at what’s fast becoming a reality. Governments across the world have put hydrogen at the centre of their decarbonisation plans with billions of dollars allocated to stimulating the market and whilst individual strategies will differ, the theme is the same: green hydrogen is the fuel of the future. Its role goes beyond energy use and there is already an active off-take market. From the perspective of renewable generators, hydrogen can play a pivotal role in enabling unsubsidised projects to work in a low power price environment and provide another business model in areas where the grid is congested. Hydrogen could also be the driver of a new wave of renewable installations as countries’ hydrogen plans hinge on new capacity being available.
26 May 2021
Tara Doyle and Tristan Erion-Lorico of PV Evolution Labs (PVEL), will share this year’s top-performing modules and discuss key findings from PVEL’s PQP testing. Join us to explore which find out which new Top Performer category can affect project value by more than $100,000 – and which test resulted in >20% degradation.
15 June 2021
Looking at the drivers and dynamics of utility scale solar in the UK over the next five years. This event will consider the immediate challenges as we enter the build phase in the UK market where we could see as much as 3GW deployed in 2021 alone! What developments will continue the growth of 100MW+ sites and what impact will government policy have on the rate of deployment in the UK? Join leading developers and manufacturers shaping the direction of one of Europe’s most active markets and hear from speakers with a history of influencing innovation and change.
6 July 2021
Explore in depth the opportunities of the different countries via case studies, business and financial models that will foster growth in the region with particular focus on Thailand, Philippines, Indonesia, Taiwan, Korea, Cambodia, Singapore, Malaysia & Vietnam.
13 July 2021
Energy Next is a new industry exhibition focusing on the latest renewable energy and energy efficiency technology, which will be held for the first time in 2021 in Sydney, Australia alongside the Clean Energy Council’s Australian Clean Energy Summit, the peak gathering of leaders driving Australia's energy transformation. Organised by the same people behind Australia’s largest clean energy event, All-Energy Australia, Energy Next will give visitors two days of access to key suppliers in the industry, free-to-attend professional development and industry workshops, and networking opportunities to better understand clean energy issues and solutions and learn about the latest developments in this transformational, dynamic sector.

Read Next

May 5, 2021
Europe’s solar industry has lauded the inclusion of a commitment to "re-ignite" Europe's solar manufacturing sector within the European Commission’s refreshed industrial strategy.
May 5, 2021
A round-up of news from the US solar sector, including updates from the Department of Energy, private equity firm American Securities, and Indiana developer Hoosier.
May 5, 2021
New solar and wind assets in the US are now cheaper to operate than nearly 80% of existing coal-fired generators in the country and could replace the asset class while delivering numerous benefits to consumers, a report has found.
May 5, 2021
Governments worldwide must ensure that there are sufficient raw materials available to solar and energy storage developers to safeguard the energy transition.
May 5, 2021
The Australian Renewable Energy Agency (ARENA) has selected three commercial-scale green hydrogen projects that will share in AU$103 million (US$79.7 million) of funding to support their development.
May 5, 2021
SHV Energy, a Netherlands-based liquified petroleum gas (LPG) distributor, has acquired a majority stake in Indian solar developer SunSource Energy.

Subscribe to Newsletter

Upcoming Events

Solar Media Events
May 11, 2021
Upcoming Webinars
May 26, 2021
Session 1 - 7:00 AM (BST) | Session 2 - 5:00 PM (BST)
Solar Media Events
June 15, 2021
Solar Media Events
July 6, 2021