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New “PV Market Alliance” announces lower than expected 2014 market for solar PV

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.

  • Although new policies designed to favour distributed solar PV over utility-scale have yet to bear fruit, China managed to maintain its global pole position as the largest market with 10.5 to 12 GW depending on last quarter performance, after 2013 figures were revised downwards to 9.5 GW,
  • Japan continued to install PV at an accelerated speed, with above 9 GW installed,
  • Momentum continues in the US market that saw around 6 GW of demand in 2014,
  • European markets declined for the third year in a row to around 7 GW, with UK and Germany leading the pace, followed by France,
  • Six emerging markets (South Africa, India, Thailand, Chile, Mexico and Turkey) contributed together to around 3 GW in 2014.

The “PV Market Alliance” publishes a yearly report on global PV markets. The first report will be released in Q2, 2015.

The “PV Market Alliance” groups:

US market data are provided by SPV Market Research, San José – CA, USA  


PV Market Alliance 2015

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