Asia-Pacific to account for 90.4% of the world's solar module production in 2014 ----China led both the demand and supply sides of global solar photovoltaic market in 2013, claiming 65% slice, says GlobalData.
After proving itself as the global solar module production leader in 2013, the Asia-Pacific (APAC) region will continue to hold this position in 2014 with a massive 90.4% of the world's module production, says research and consulting firm GlobalData.
According to Ankit Mathur, GlobalData's Project Manager for Alternative Energy, China led both the demand and supply sides of the global solar photovoltaic market in 2013, claiming a significant 65% slice. This contrasts highly with the US and Europe, which claimed respective market shares of just 2% and 3%. China and Japan have predominantly been known as the hubs for module manufacturing, and China enjoyed a landslide victory in terms of crystalline module production in 2013, after it won a significant 70.4% of the global market.
The announcement of anti-dumping duties on Chinese module manufacturers, which export solar modules to European markets, has diverted their focus away from exports to increasing sales activities in the fast-growing domestic market. It will be a huge solar PV market demand in China in the future.
PV Guangzhou, the annual event in August, is the best platform for both domestic and overseas companies to seek business opportunities and further development in South China. Up to now, it has attracted many famous Solar PV cells/modules design and manufacture enterprises booked booths on PV Guangzhou 2014. Such as Bluetech Solar Power Co.,Ltd, Canadian Solar, CSG PVTech Co., Ltd, Guizhou Symbiotic Technology Co., Ltd, Jin Qu Optical (Shanghai) Co., Ltd, Qinyihe Aluminum Products Co., Ltd, Shenzhen JCN New Energy Technology Co., Ltd, ZenithSolar Technological Co., Ltd, etc and so on.