Japanese PV module demand booms to 2.52 GW in most recent quarter

Japan shipped a total of 2.57 GW of solar PV modules in the second quarter of the nation’s fiscal year (FY) 2014, according to figures published by the Japan Photovoltaic Energy Association (JPEA). The second quarter ended on September 30th.

This includes 48 MW of exports, leaving domestic demand at 2.52 GW. This represents a 22% increase over the year prior and a 28% gain over the previous quarter. Over the past three quarters, domestic PV module demand represented a total of 7.26 GW.

This puts estimated domestic module demand for calendar year 2014 at around 10 GW, in the middle of the range predicted by Bloomberg New Energy Finance.

Japanese companies continue to dominate shipments and were responsible for 1.83 GW of the 2.57 GW shipped. However, this does not necessarily mean that these products were made in Japan. Figures show that 1.61 GW of solar PV was produced outside the nation and imported, or 64% of total module demand.

Demand for thin-film fell sequentially to 219 MW, representing less than 10% of the total market. As in previous quarters the large majority of thin film was produced domestically, suggesting that Solar Frontier continues to dominate this portion of the market.