Clean Power best-solar-panels

Published on December 24th, 2013 | by Joshua S Hill

3

NPD Solarbuzz Predict Massive 49 GW Solar PV Demand for 2014

December 24th, 2013 by  

NPD Solarbuzz have released their final 2013 NPD Solarbuzz Quarterly, and they are predicting that the solar PV industry is set for “explosive growth” in 2014.

December is always the busiest time of year for analyst firms, as they look back at the year that was and forward into the year to come. We’ve already seen NPD’s predictions for the Asia-Pacific region, predicting that half of global PV demand for the world will come from that one region, while IHS and the Mercom Group both released their 2014 analyses, predicting between 40 to 45 GW to be installed worldwide in the coming year.

But I’ve been waiting for the NPD Solarbuzz report, relying on their analysis and predictions over the others.

Figure: Solar PV End-Market Demand from 2008 to 2014

131223_solar_pv_end_market_demand

Image Credit: NPD Solarbuzz Quarterly, December 2013.

NPD Solarbuzz have seen 36 GW of installation in 2013, and are predicting that number to skyrocket in 2014, jumping up to 49 GW.

“The solar PV industry has reached a critical tipping point, with end-market demand hitting record levels almost every quarter,” said Finlay Colville, vice-president at NPD Solarbuzz. “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 sales and marketing networks.”

Q4’2013 is already set to be another record breaker for the solar PV industry, breaking 12 GW for the first time ever, leading into what NPD Solarbuzz believe will be the strongest ever first-quarter. The two quarters will see almost 22 GW of solar PV installed, a figure greater than all the solar PV installations that occurred between 2005 and 2009 — a period of time deemed ‘high-growth’ at the time.

As already explained in their Asia Pacific PV Markets Quarterly report, China and Japan are set to be the front runners for installations, closely followed by the US.

Another focal point for solar industry analysts at this time of the industry’s growth is the cost per watt of silicon and non-silicon costs. NPD predict that by the end of 2014, many leading Chinese manufacturers will be reporting costs below $0.50 per watt, allowing for growth through the following year.

“Manufacturing over-capacity and pricing erosion within the PV industry was previously a key factor in limiting annual growth to 10-20% between 2011 and 2013,” added Colville. “With a more stable pricing environment and the prospects of increased end-market globalization, NPD Solarbuzz forecasts a return to annual growth above 30% for the PV industry in 2014.” 
 
Get CleanTechnica’s 1st (completely free) electric car report → “Electric Cars: What Early Adopters & First Followers Want.”
 
Keep up to date with all the hottest cleantech news by subscribing to our (free) cleantech newsletter, or keep an eye on sector-specific news by getting our (also free) solar energy newsletter, electric vehicle newsletter, or wind energy newsletter.

 

Tags: , , , , ,


About the Author

I'm a Christian, a nerd, a geek, and I believe that we're pretty quickly directing planet-Earth into hell in a handbasket! I also write for Fantasy Book Review (.co.uk), and can be found writing articles for a variety of other sites. Check me out at about.me for more.



  • jose nieves

    A 20% annual growth is fenomenal. With the official numbers now in, the total production was 37 GW. So it was like 25% growth from 2012. If we keep that 20% it could double to 74 GW in 2018. It is better to keep growing at a constant and steady pace than the typical ups and downs of Wall Street. This at the end could only means“; The death of the power utilities monopoly over people’s lives.

  • According to PVinsights, http://pvinsights.com/indexUS.php , solar energy will keep the growing momentum in 2014.

  • jburt56

    How about 100% per year growth?

Back to Top ↑
  • Advertisements

  • Top Posts & Pages

  • Cool Cleantech Events

    Low Voltage Electrification Event, April 25-27. Detroit, Michigan (US)
    Delve deep into the benefits and challenges associated with EV power supply.

    Offshore Wind Market Development USA, May 11-12, Boston, Massachusetts (US)
    Network and establish your business in one of North America’s largest energy industries.

    Energy Storage USA, June 15-16, San Diego, California (US)
    Only event in the United States focused exclusively on the commercialization of storage.

    More details are on: Cleantech Events.

  • Advertisement

  • CleanTechnica Electric Car Report

    Electric Cars Early Adopters First Followers
  • Tesla Model 3 Review by EVANNEX

    Tesla Model 3 Review from EVANNEX
  • Tesla Model 3 Exclusive Video

    Tesla Model 3 Video
  • Tesla Model 3 Exclusive Pictures

    Tesla Model 3 Video
  • Tesla Model X Review #1 (Video)

    Tesla Model X Review from new owners Zach Shahan
  • Tesla Model X Review #2 (Pictures)

    Tesla Model X Review from Kyle Field
  • Tesla Model S Long-Term Review

    Tesla Model S Long Term Review from Kyle Field
  • Nissan LEAF Long-Term Review

    Nissan LEAF Long Term Review from Cynthia Shahan
  • Interview with Michael Liebreich

    Interview with Michael Liebreich
  • Interview with Akon (Teslas & Solar)

    Interview with Akon Tesla Model S Tesla Model X Solar Power Africa
  • Interview with Dr Nawal Al-Hosany

    Interview with Dr Nawal Al-Hosany
  • Interview with Gro Brundtland

    Gro Brundtland
  • Interview with President of Iceland

    President of Iceland Ólafur Ragnar Grímsson
  • Interview with Nick Sampson

    Faraday Future VP Nick Sampson
  • Interview with Dipal Barua

    Dipal Barua 1st ZFEP WInner
  • Interview with Jonathon Porritt

    Jonathon Porritt
  • Interview with Clint Wilder

    Interview with Clint Wilder
  • Interviews with Solar Impulse Pilots

    Bertrand Piccard Andre Borschberg
  • Check out more CleanTechnica Videos.

  • Join The Solar Revolution!

    Edison-solar-energy solar-energy-spill-nice-day
  • Cost of Solar Panels

    cost-of-solar-down
  • Search the IM Network


Shares