The solar demand market grew to 37.5 GWp in 2013, despite global trade turmoil and continued changes to incentive programs. Though the European demand market continues to flounder, significant growth in China, along with more modest growth in the U.S. and many emerging markets, more than compensated. However, in many eyes, ongoing trade disputes between the U.S./EU and China threaten the viability of the downstream industry beyond the short term; furthermore, now that many demand markets have come “online” for solar, policymakers must determine how best to control growth going forward. Overall, the different types of energy markets, and the varying stages of maturity in those markets, will promote an extremely diverse composition – by application segment and technology – of the demand market, as it grows at a modest 8.3% compound annual growth rate (CAGR) to 65.6 GWp in 2019.
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