As reported in REnew economy, Deutsche Bank has revised upward its outlook for the global solar PV industry. The bank is predicting that the global solar market will be 45 GW by 2014. As of the start of 2013 the global solar PV industry had risen to approximately 40 GW.
Duetsche’s forecasts have been revised upward based on strong demand from Japan, US, India, and China. We are also seeing increasing solar PV demand from emerging markets like Chile, the Middle East, and South East Asia.
Deutsche Bank anticipates that we will see less supply from China because a “credit crunch” will wind down production in several second- and third-tier module suppliers. Tier 1 solar companies have already seen a 10 percent price increase since February which is expected to improve profit margins for some companies.
© 2013, Richard Matthews. All rights reserved.
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