Asia key to 2014 PV forecasts

With less than two weeks left in 2013, analysts are cementing their optimistic predictions for PV installations in the new year, with Asia set to emerge once and for all as the new global demand driver.

The world will add 40GW-45GW of new PV in 2014, sparking a resurgence in spending on PV production tools, says market researcher IHS.

That compares to the 37GW or so likely added in 2013, up from 7.3GW just five years ago.

Critically, more than half of 2014 demand will come from the Asia-Pacific region, with 2013 representing the “final chapter in the transition from historic European domination”, says Steven Han, an analyst with rival research firm NPD Solarbuzz.

The APAC region will add 23GW of PV next year – more than half of it in ground-mount installations – Log in to read complete article.

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