Monday, July 8, 2013

Breakdown of Solar Demand in Q1 & Q2 2013

According to NPD Solarbuzz analyst Michael Barker, Germany, China, Japan, and the US accounts for more than 60 percent of solar demand in the first half of 2013. China and Japan alone are responsible for 45 percent of global demand in the second half, up from just 10% three years ago.

According to the quarterly report from NPD Solarbuzz, nearly half of the demand in the first half came from large-scale utility and commercial ground-mount applications, with just 20 percent from residential rooftops. The rest of solar demand came from non-residential rooftop installations like businesses and off-grid applications.

“The solar PV industry continues to transition from a European-dominated environment to a global market, with a wide range of countries contributing to growth in the overall PV market,” said Michael Barker, Senior Analyst at NPD Solarbuzz. “Until this transition phase is completed, however, the PV industry remains highly dependent on a small group of countries currently at the multi-GW level.”

Click here for the complete NDP Solarbuzz Quarterly report.

© 2013, Richard Matthews. All rights reserved.

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