The latest data shows that Asia has become the core area of solar photovoltaic power generation. According to research report about major PV market in the Asia-Pacific from Solarbuzz, it is expected PV market growth in the fourth quarter of Asia in 2011 is 39%. Asia will surge 130% year this year than in the fourth quarter over the same period in 2010. Of course, the most striking data report is China will account for 45% of demand in Asia at the fourth quarter. National Energy Board adjusted installation from 10GW in 2015 to 15 GW, this is one of the reasons for increased demand from China.China is not the only big country to implement goals of clean energy, India's national incentive program also helps to promote the increased demand of Asia-Pacific region. Two of the world's largest growing economy, both countries are driving the demand for utility-scale projects to move forward. According to predicts from Solarbuzz, at the end of 2012 the mounted system of Asia-Pacific non-residential ground will account for 64% of the market area, in the beginning of this year, it only accounted 16% of this part. An analyst of Solarbuzz said that the Asian market fills the vacancies in the market, with the decline of European market, many of the Asian market has become the focus of international companies seeking to expand. But these companies also face many obstacles, this emerging market is of much potential. The growth of the market is being eroded rapidly by falling component prices,falling prices led to market integration, such as Solyndra's bankruptcy, which led to the trade war between U.S. and China.The U.S. government's principal officials, such as Energy Secretary Steven Chu, recognize emerging clean technology markets, such as the importance of solar wind energy and other industries. Steven Chu has been lobbying the government to create incentives for American companies, making them develop not only in the domestic,technology can also be applied in the Asia Pacific region. |
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China's solar PV Market Accounts For 45% Share Of Asia