The hottest solar photovoltaic market in the Asia

2022-08-11
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In 2011, the solar photovoltaic market in the Asia Pacific region will grow by 130%

overview of the development of solar photovoltaic, the use environment and scope of the most dynamic stiffness testing machine. New data show that the Asia Pacific region is gradually becoming the largest market for solar photovoltaic power generation. According to Solarbuzz's Research Report on major photovoltaic markets in Asia Pacific, the Asian photovoltaic market is expected to grow by 39% in the fourth quarter of 2011. Historical data show that the Asia Pacific region will grow 130% year-on-year in the fourth quarter of this year compared with the same period in 2010. Of course, the most surprising data in the report is that China will account for 45% of the demand in the Asia Pacific region in the fourth quarter. The increase in domestic demand for energy conversion into thermal energy consumption stems from the recent adjustment of the National Energy Administration's photovoltaic installation target from 10GW in 2015 to 15gw

China is not the only big country in Asia that has ambitious clean energy goals. India's national incentive program also helps to promote the increase in demand in the Asia Pacific region. The demand of the two largest and growing economies in the world is driving the development of utility scale projects. According to Solarbuzz's prediction, the non residential ground installation systems in the Asia Pacific region will account for 64% of the market in the region by the end of 2012, and only 16% at the beginning of this year

Christopher sunsong, an analyst at Solarbuzz, said that the Asian market has filled the market gap. With the decline of the European market, the Asian market has become the focus of many international companies seeking to expand. Sunsong also warned that these companies still face many obstacles. This emerging market has too much potential

at present, the growth of the market is being eroded by the sharp decline in component prices, which leads to market integration, such as the bankruptcy of solyndra company, which also leads to a trade war between the United States and China

key officials of the U.S. government, such as secretary of Energy Steven Chu, recognize the importance of emerging clean technology markets, such as the solar industry. Electrical appliance manufacturers, which Chu has been producing and selling in the global market, can simplify their supply chains and lobby the government to create incentives for U.S. companies so that they can not only develop demand at home, but also apply technology to the Asia Pacific region

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