Asia-Pacific’s PV energy demand is rising

Will exceed Europe’s this year.

News site EnergyTrend reports that due to high growth potential in China and Japan's domestic market, it is estimated Asia’s market demand will still be much higher than other markets. Emerging markets in Asia will maintain high stable growth, especially after a two-year preparation phase. In Asia-Pacific, Japan and China had the highest PV energy demand in 2013.

Demand in Japan this year soared two to three times compared to 2012. India and Australia have become the primary regions for stable development in Asia-Pacific, while emerging Asia market will require one to two years to develop. Countries including Thailand, Malaysia, Indonesia and Philippines have good solar energy potential. PV energy demands emerging markets in the Asia-Pacific region will soar at an compound annual growth rate of 33.8% before 2017, and will become a major pillar for Asia-Pacific PV energy market development.