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Mar 12th, 2014
 
Global PV market continues to grow
 
According to preliminary figures gathered by the European Photovoltaic Industry Association (EPIA) and presented during its 9th Market Workshop in Brussels, the world added at least 37 GW of new PV capacity in 2013.
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In 2013, new PV installation capacity reached 37 GW, which represents a 35% increase compared to the year before

The global PV cumulative installed capacity reached an impressive 136.7 GW at the end of last year, which represents a 35% increase compared to the year before.

These globally positive figures result from a much qualified situation at regional level, with Europe losing its leading role in the PV market in 2013. While it concentrated more than 70% of the world’s new PV installations in 2011 and still around 59% a year later, with more than 10 GW of new capacity installed in 2013, Europe only accounted for 28% of the world’s market.

Dynamic Asian markets, led by China and Japan (around 11.3 GW and 6.9 GW respectively), partially explain this trend reversal, as the Asia-Pacific region represented 57% of last year’s global market. Such trend is expected to continue, with China experiencing a robust and sustained growth which should enable the country to remain the number-one market in the coming years.


 
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