Solar PV industry stops hurtling-down and starts growing

In the year 2012, solar PV industry has undergone severe losses, many companies are in the State of closure. There was so much over supply, the market has pushed into severe losses. But by mid 2013, there are clear signals of industry recovery. Market researcher NPD Solarbuzz has reported huge demand in China and Japan. NPD Solarbuzz forecasts solar photovoltaic (PV) demand from China and Japan during 2H’13 to reach 9 GW, representing an increase of 100% compared to 1H’13 and 70% compared to 2H’12. Overall, PV demand from the Asia Pacific (APAC) region will exceed 16 GW during 2013, up 90% Y/Y, and will account for over 40% of global PV demand this year, as per NPD Solarbuzz. “The record level of PV shipments to China and Japan coincides with corporate margins returning to positive territory and the final shakeout phase of uncompetitive manufacturers nearing completion,” according to Finlay Colville, vice president at NPD Solarbuzz. “Having entered 2013 with a highly cautious outlook, tier-one suppliers are poised to exit the year with restored confidence, ahead of optimistic shipment and margin guidance for 2014.” The other market study highlights by NPD Solarbuzz includes: China is forecast to become the top country for PV deployment in 2013. During Q2’13, rooftop installation demand in China exceeded ground-mount installations for the first time, stimulated by...