29 Jan '12, 3pm

Asian Solar Panel Market Surges in 2011 - Appliance Magazine

Japan, rebuilding from the March 2011 earthquake and tsunami, is seeing strong growth in its residential-dominant photovoltaic (PV) solar market. The photovoltaic (PV) solar markets in the Asia Pacific region overall are exceeding expectations, with 2.8 GW of capacity installed in the fourth quarter of 2011, for a 2011 total of 6 GW, according to the latest data from NPD Solarbuzz. The Asia Pacific PV market grew 165% from 2010 to 2011 and the research firm expects the market to grow 40% more in 2012. In Japan - where residential installations make up 70% of the market – installations grew 30% in 2011 to 1.2 GW. The research firm expects the market in Japan to grow 40% more in 2012. China grew 500% from 2010 to 2011, and in 2011 accounted for 48% of Asia Pacific installed capacity - 2.9 GW. In India installations were up 125% in the fourth quarter of 2011 and the research ...

Full article: http://www.appliancemagazine.com/news.php?article=1553914...

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