TrendForce Predict 2015 Worldwide Solar Demand to Grow 16.5%, Emerging Markets Growth to Surpass 40%

TrendForce Predict 2015 Worldwide Solar Demand to Grow 16.5%, Emerging Markets Growth to Surpass 40%

The worldwide solar market demand in 2014 was approximately at 44GW, even though the China market did not perform as well as expectations, due to the continuous growth in Japan and the U.S. market, the supply and demand remained stable. At the end of 2014, the overall supply chain maintained a solid utilization rate, while China’s tier-one module manufacturers also continued to break shipment records.

File Photo

File Photo

Jason Huang, Research Manager at EnergyTrend, a research division of TrendForce, indicates that the 2015 worldwide solar demand is projected at 51.4GW, with the key markets remaining in China, United States, and Japan, taking up 57% of the overall share, yet it is slightly lower than that of 2014. The rise of the emerging markets (the solar installation countries that are out of top 10) has begun to appear starting the second half of 2014. In 2015, the growth momentum of the emerging markets will become more apparent, and the overall demand will surpass 10GW.
2015 Solar Market’s 5 Major Trends

Source: TrendForce

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