Domestic PV demand in China grew to 2.75-GW in 2011, according to the latest research in the
Solarbuzz Marketbuzz report, making it the third largest PV market globally in 2011, with Germany (7.5-GW) and Italy (6.8-GW) taking the top spots. With significant uncertainty over policy and demand in these countries, however, NPD Solarbuzz analyst Ray Lian believes China could become the world’s largest PV market in 2012.
Writing in
his blog, Lian said: “Latest forecasts from Solarbuzz suggest that the PV market in China will almost double in 2012, to around 5-GW, with an upside potential to exceed 6-GW.