Asia Pacific Is the Next Photovoltaics (PV) Industry Epicentre


Source: Marketwire

ROCKVILLE, MD -- (Marketwire) -- 10/12/11 -- has announced the addition of the new report 'Global Solar Photovoltaic Market Outlook to 2015 - Asia Pacific the Next Epicentre in PV Industry,' to their collection of Energy market reports. For more information, visit

This report offers a comprehensive analysis of the Solar PV industry across the globe. It includes a detailed analysis of the global chapter with further analysis on solar PV market in various regions such as Europe, Asia Pacific and North America. The report also covers in-depth analysis on 12 major countries across the globe such as Germany, Spain, Italy, Czech Republic, France, Japan, Australia, China, South Korea, Taiwan, Canada and the US.

Apart from China and India which are targeted as the upcoming market in the region, the rest of the countries in the region are in a different phase of growth with regards to the development of the solar photovoltaic market. For instance Taiwan is one of the countries which is in the forefront of the production of PV products and has increased the number of installations, whereas in Japan, the solar photovoltaic market is in the declining stage.

During the period from 2006-2010, the annual installations have increased at a CAGR of 57.3%.The installations over the years have increased from 333 MW in 2006 to 967 MW in 2009. The year 2010, was a phenomenal year for this industry with an increase of more than 100% compared to the previous year. The annual PV installations jumped from 967 MW in 2009 to 2,036 MW in 2010.

Japan's solar PV segment is an export-oriented market. The country exported 58.1% of its solar cells and modules production to overseas countries such as Germany, Spain and others. The proportion of its production shipped to overseas countries has reduced over time with several other emerging Asian Pacific countries such as China and Taiwan providing stiff competition to the country. About 41.9% of the production of solar cells and modules were utilized domestically for residential, commercial and consumer purposes.

Rural electrification was the largest application of PV systems in China. Almost 50% of solar PV installations are utilized for electrifying the rural areas. With more emphasis by government on the BIPV segment, its share of 17.5% in 2010 is likely to increase in the coming years. Communication and Industrial Applications, Small solar PV appliances and ground based large scale PV power plants are other segments where PV installed capacity are utilized.

Taiwan is only behind China in terms of production of silicon PV cells worldwide. The two together held a market share of nearly 60%. The country has a stable supply chain network with products ranging from various silicon products to solar modules. The country has emerged as one of the manufacturing centres for PV products, especially in Asia Pacific region.

For more information, visit

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