Total cumulative (PV) installations in Southeast Asia are forecast to reach almost 5-GW by 2016, according to the latest report from
IMS Research and, perhaps more illuminating, is that Indonesia is predicted to become the fastest-growing market in the region, overtaking Thailand as it installs close to 1-GW of new capacity.
The report, which analyses the PV markets in Thailand, Malaysia, Indonesia, Vietnam, Singapore and Philippines, reveals that the region will grow at 50 percent per year on average over the next five years. Installations have previously been dominated by Thailand, however, other regions are also forecast to quickly and account for significant share of the market.