Solar Photovoltaic Demand in 2012 Falls Short of 30 GW Mark

Annual growth rate declines to ten-year low as industry prepares for emerging markets to drive new opportunities.

Solar photovoltaic (PV) demand for 2012 reached just 29.0 GW, an increase of only 5% year-over-year compared to 27.7 GW in 2011, according to findings within the upcoming NPD Solarbuzz Marketbuzz report. This is the first time in a decade that year-over-year market growth in the PV industry has been less than 10%.