House Tablet

Find The Best Solar Deals In Australia

  • 3 Free, No Obligation, Solar Quotes
  • From Fully Qualified Installers
  • With 1000’s of Customer Reviews
  • Competing for Your Business
Finn Peacock Caricature

Ready for some quotes? Enter your postcode now

Global solar PV market - 2013 predictions

12th Apr 2013

As demonstrated by the increasing amount of dialogue between the two nations, Australia and China's involvement with one another's renewable energy efforts is progressively growing and taking on a greater significance.

Consequently, China's own clean energy and energy efficiency measures are of interest and importance to us here in Australia.

There is much insight to be gained from keeping an eye on their developments since the nations are now working so closely together, especially in the realm of solar power.

For instance, in the first quarter of 2013, seasonality and policy incentive deadlines from the end-market in China drove global solar PV demand down to 6.2 GW, which is 23 per cent down quarter-over-quarter, according for the latest NPD Solarbuzz Quarterly report.

This shows how China's demand for solar PV can have a truly global effect, reaching far and wide and of course to Australia.

NPD Solarbuzz predicts that over the next four quarters, China will account for over 20 per cent of global PV market demand, somewhere between 0.9 and 3.6 GW.

However, its capricious demand cycles are something to remain aware of, and will likely prove challenging for some PV manufacturers.

"Chinese solar PV demand was the key global driver at the end of 2012, which helped to deplete upstream inventory levels that had accumulated over previous quarters," said Michael Barker, senior analyst at NPD Solarbuzz.

"However, extreme swings in PV demand from China over the next year will make capacity utilization and inventory control particularly challenging. At the same time, demand from other global PV markets is beginning to offer predictable quarterly demand levels that are essential for long-term planning."

Germany, Italy, France and the UK are nations to watch as they are set to lead solar PV demand in Europe over the next four quarters, totalling over 65 per cent of regional PV demand.

The US and Japan will also be strong markets, with Japan ruling the first half of the year and the US set to lead the second with market demand.

Middle Eastern, Southeast Asian the rest-of-world (ROW) nations including Australia will remain stable in their demand over the next four quarters with demand between 2.5 to 3.6 GW in each quarter.

The NPD Solarbuzz report also predicts that volatile demand swings will hamper the growth of the solar PV industry over the next year, particularly striking suppliers relying upon China as the ruling end-market for shipments.

More stable quarterly demand trends will be observed in Europe, Japan and the US, making it easier for suppliers focusing on these regions.

Posted by Mike Peacock

Solar Power News Categories

Government Rebate & Regulations
Solar Power & Technology

More Solar Power & Technology

Australia to be a part of huge Asian renewable energy growth
SunPower steps up to make solar more affordable
Canberra makes strides toward carbon neutrality
GTM puts solar's massive growth in perspective
Examining Australia's falling solar PV rooftop prices
Australia's shift toward renewable energy picks up the pace
Australia shines at solar decathlon
University of Queensland tapped as lead researcher on massive solar project
100 per cent renewable energy is possible in 10 years, environmental group says
Climate Commission releases report on solar progress
Aussie government actually shows spine for solar power
Be gone, skeptics: One million solar installations and counting
Australia embarks on its greatest solar journey ever
Australia looks to solar thermal for commercial success
Solar power helps King Island reach 100% sustainability
Australians 'heavy supporters of solar power'
Mildura solar plant officially unveiled
Solar power trumps other renewables in Australian minds
Sunshine Coast solar farm "fantastic initiative"
Sunshine Coast cashes in on namesake with solar plans
Energy storage 'could maximise solar power utility'
Solar powered family car - a world first?
Code of conduct for solar installers in the works
'Stop punishing households' for solar PV
Australian solar companies 'adjusting well'
Australian mining 'next solar frontier'
"Rooftop revolution" underway across Australia
Global PV market emerging from sluggish period
Royalla solar farm receives final approval
Leadership challenge a "debacle" for Australian solar power
Solar power giving global renewables a helping hand
Australia's largest CPV solar power plant up and running
Renewable energy misinformation "staggering"
CEC: Don't underestimate consumer desire for solar
Setting energy efficient examples on TV
Solar PV brightening up household bills
World's largest solar powered boat on the move
Climate change is heating up
The global solar power shift
New solar tech win for NSW
Industry orgs praise City of Sydney solar efforts
Clean Energy Council supports Regional Renewables scheme
Asian nations emerging as PV leaders
Solar PV demand continues to grow
Regional areas of Australia to receive more renewables
Australia's significant renewable energy growth
Solar panel reprieve for Queensland
New funding for solar research
Find love with sustainable speed dating
New Victorian solar power deal