Solar Industry
Solar photovoltaic (PV) demand will increase 31 GW during 2013, up 7% year-over-year (Y/Y), according to the new NPD Solarbuzz Marketbuzz 2013. For the first time, China will outpace Germany to become the leading PV consumer, while the top 10 PV territories will still account for 83% of global PV demand.
“2013 will represent another transition year, as the PV industry adjusts to softness across legacy European markets,” says 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.”
Due to further reductions in European premium incentives, demand in this region will fall to approximately 12 GW, which is a 26% Y/Y decline. In contrast, new policies across leading PV countries in the Asia-Pacific region, led by China, Japan and India, will stimulate regional growth of over 50% and account for more than 11 GW of PV demand in 2013.
If you’d like to discuss energy issues, contact Court Rich, Co-Chair of Rose Law Group’s Renewable Energy Department at crich@roselawgroup.com
