According to Marketbuzz 2014 report, we can see a unique trend that shows the shift of PV market demand away from Europe and towards Asia. Japan, China, and Thailand nominated as a fastest growing PV markets in 2013. Each market more than doubling their end market demand levels over the previous year. Three of the top European markets including Germany, Italy and France saw end market levels decline in 2013.
Please refer Annual Growth Rates in 2013 and 2013 market size and forecast 2014 growth rates.
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| 2013 Annual Growth Rate |
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| 2013 Annual Growth Rate |
China and Japan were the largest PV markets and grew the most by far in 2013. You can also see Asia will be further aided by growth in the Indian and Thai markets.
While this type of analysis can be used to identify growth markets and understand the underlying factors driving these markets. The PV industry has emerged from a challenging transition. But continued growth in major PV markets is leading to renewed optimism in all segments of the industry.
