Good times predicted for solar PV market

Both for the next quarter in 2013 as well as for the next year 2014, the predictions for the solar PV market is very good. After experiencing huge fall in prices and also severe losses for most of the solar PV companies in 2012, Solar industry in 2013 is bouncing back with good growth of shipment and revenue. NPD Solarbuzz has reported that during third quarter of 2013 the end-market demand from the global solar PV industry reached a new Q3 record of 9 GW. This record demand is up 6% Q/Q and almost 20% Y/Y, as for Solarbuzz. NPD Solarbuzz says "This mid-year surge in new installations is almost 3 GW more than the solar PV industry has ever achieved in the past." “The record levels of mid-year demand in 2013 have been critical to the overall recovery of the solar PV sector,” added Michael Barker, senior analyst at NPD Solarbuzz. “Restored confidence in end-market growth is allowing leading solar PV manufacturers to pursue aggressive shipment strategies within both established and emerging territories, despite previous concerns that trade wars could dampen growth.” NPD Solarbuzz finds during third quarter of 2013 there were continued signs of stabilized pricing, with module ASPs decreasing by less than 1% Q/Q, compared to last year’s 12% price decline between Q2’12 and Q3’12. Combined with strong industry demand this year, end-market revenues have increased for thre...