Connect with us

Hi, what are you looking for?


Clean Power

Significant Growth In Solar Panel Market In 2014, According To Bloomberg

The solar panel market is expected to see significant growth in 2014, according to a recent report from Bloomberg. In particular, the market leaders are expected to see greatly boosted shipments — the expectation being about 52% more panels shipped than on 2013.

Altogether, the market will see an increase less than the percentage increase seen by the market leaders, but still notable — up from 40.3 GW in 2013 to (a predicted) 52 GW in 2014. Bloomberg’s predictions match closely with other projections from market research firms, so we imagine it will be close to accurate.

Image Credit: Steve Jurvetson (CC BY 2.0 license)

Image Credit: Steve Jurvetson (CC BY 2.0 license) 


The largest markets for installation will (unsurprisingly) be the American, Chinese, and Japanese ones — at a predicted 5.6 GW, 14 GW, and 11.9 GW, respectively.

Sustainnovate provides more:

Solar power is growing fast in all of these markets as well as others. Each has its own benefits, but the underlying theme is that the falling cost of solar panels makes them more and more competitive. Nonetheless, incentives are still critical to much of the growth in leading nations.

China provides incentives for solar power installations of all sizes. Japan similarly offers a range of feed-in tariffs for solar power projects. However, Japan’s incentives are especially good for the rooftop solar market, while China is installing a lot more utility-scale solar power. In the US, tax credits and rebates are driving much of the growth, but other incentives in particular states help too. Furthermore, the simple policy of net metering and solar’s competitiveness against retail electricity is important to the growth.

As far as the coming years, 2015 is likely to see even higher numbers — owing to the fact that solar panel prices are still continuing to fall, at the same time as the bottom line of the manufacturers is returning to the black. All signs seem to be pointing up.

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!
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.

Written By

James Ayre's background is predominantly in geopolitics and history, but he has an obsessive interest in pretty much everything. After an early life spent in the Imperial Free City of Dortmund, James followed the river Ruhr to Cofbuokheim, where he attended the University of Astnide. And where he also briefly considered entering the coal mining business. He currently writes for a living, on a broad variety of subjects, ranging from science, to politics, to military history, to renewable energy.


You May Also Like


The tipping point for the electric car revolution in the United States has already happened, according to the latest study.

Fossil Fuels

As the cost of capital goes up, the prospects for fossil fuel projects go down.


Tesla's China sales in April are as expected.

Clean Power

A recent article at Bloomberg gives readers a really cool set of infographics showing how much energy EVs could save the US economy. They...

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.