PV Market Data Updates
The PV Market Alliance estimates photovoltaic installations of 40 to 42 GW in 2014 after final numbers for 2013 were revised down to 37 GW.
After 37 GW of PV installations in 2013 (below the 40 GW figure announced earlier due to lower final Chinese figures), 2014 experienced a moderate growth with a market stabilizing above 40 GW and up to 42 GW, depending on actual Q4 installations. Emerging business models that engage electricity consumers are driving a resurgence of distributed generation PV installations worldwide even as utility scale deployment continues to drive installations. Strong progress was observed in several regions, including Asia, North and Latin America and South Africa.