Featured in Turkey – 04-2014

Poised for strong demand growth

Global PV demand analysis: The PV industry, after disappointing end market demand growth in 2012 and a prolonged period of shakeout lasting over eight quarters, saw significant global demand growth in 2013 and is now in a position to continue on this path over the next five years, explains Michael Barker, Senior Analyst at NPD Solarbuzz.

The global PV end market demand exceeded 37 GW in 2013, with an annual growth of over 20% providing a strong return to growth compared to 2012, when the PV industry saw year-on-year growth of only 10% (the lowest annual growth rate in a decade). Global demand is being led by China, Japan, and the …

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