Connect with us

Hi, what are you looking for?


Clean Power

NPD Solarbuzz Predict Massive 49 GW Solar PV Demand for 2014

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


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.”

Sign up for daily news updates from CleanTechnica on email. Or follow us on Google News!

Have a tip for CleanTechnica, want to advertise, or want to suggest a guest for our CleanTech Talk podcast? Contact us here.

Former Tesla Battery Expert Leading Lyten Into New Lithium-Sulfur Battery Era — Podcast:

I don't like paywalls. You don't like paywalls. Who likes paywalls? Here at CleanTechnica, we implemented a limited paywall for a while, but it always felt wrong — and it was always tough to decide what we should put behind there. In theory, your most exclusive and best content goes behind a paywall. But then fewer people read it! We just don't like paywalls, and so we've decided to ditch ours. Unfortunately, the media business is still a tough, cut-throat business with tiny margins. It's a never-ending Olympic challenge to stay above water or even perhaps — gasp — grow. So ...
If you like what we do and want to support us, please chip in a bit monthly via PayPal or Patreon to help our team do what we do! Thank you!
Written By

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 (, and can be found writing articles for a variety of other sites. Check me out at for more.


You May Also Like


Originally posted on EVANNEX. By Charles Morris In this day and age, just about everyone who’s paying attention — even stalwarts of the auto and oil...

Clean Power

This year is the start of another key period in China’s development of its solar PV market, IHS Markit reports. 2021 is the first year...

Clean Power

Global corporate funding in the solar power sector grew by $11.7 billion, or 24%, in 2020 compared to 2019 — despite the coronavirus pandemic.

Air Quality

People who don't follow cleantech, or individual cleantech industries, think that solar, wind, and batteries are sort of small, niche markets. Actually, these have...

Copyright © 2023 CleanTechnica. The content produced by this site is for entertainment purposes only. Opinions and comments published on this site may not be sanctioned by and do not necessarily represent the views of CleanTechnica, its owners, sponsors, affiliates, or subsidiaries.