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

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

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

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