26 Dec '13, 2pm

NPD Solarbuzz predicts 49 GW global solar PV market in 2014 #solar

In the most optimistic forecast by a major market analyst to date, NPD Solarbuzz (Santa Clara, California, U.S.) predicts that solar photovoltaic (PV) demand will increase 36% in 2014 to reach 49 GW. The company forecasts that the quarterly global PV market will grow above 12 GW for the first time in the fourth quarter of 2013, with two-thirds of demand coming from China, Japan and the United States. The company also predicts that the first quarter of 2014 will be the strongest first quarter for the industry to date. “The solar PV industry has reached a critical tipping point, with end-market demand hitting record levels almost every quarter,” said NPD Solarbuzz Vice President Finlay Colville. “This growth is being driven by leading module suppliers and project developers that returned to profitability during 2013, and which have now established highly-effective global sal...

Full article: http://www.solarserver.com/solar-magazine/solar-news/curr...

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