IEA PVPS Report: A Snapshot of Global PV Markets 2014

IEA PVPS has distinguished itself throughout the years by producing unbiased reports on the development of PV all over the world, based on information from official government bodies and reliable industry sources. This third edition of the “Snapshot of Global PV Markets” aims at providing preliminary information about how the PV market developed in the last year.

In 2014, the PV market experienced a new year of development, with a limited expansion globally. However, the limited growth hides many contrasted developments in various regions. Firstly, the stabilisation of the Chinese PV market with more than 10 GW and secondly, the rapid growth of the Japanese PV market which reached more than 9,7 GW, confirm Asia as the first world region for PV.

Next to these two giants, other markets have confirmed their maturity: Australia, Korea, Thailand or Taiwan are now established PV markets. Many others are also showing signs of possible rapid PV development in the coming years, such as Malaysia and the Philippines. On the other hand, India’s installation number above 600 MW contrasts slightly with the country’s positive policy tone towards PV.