Solar energy booms as shipments continue to grow

August 16, 2013 0 By Stephen Vagus

Report shows that solar energy continues to expand as photovoltaic module shipment soars

NPD Solarbuzz, a research and analysis firm focused on the solar energy sector, has released its latest edition of the “Module Tracker Quarterly” report. The report shows that solar energy has made significant progress this year, especially where the shipment of photovoltaic modules is concerned. Globally, solar energy is becoming a very popular subject. Many countries are turning to the power of the sun for economic benefit while others do so to mitigate the impact that emissions may be having of the environment.

Shipments grow by 21% over 2012 levels

The report shows that photovoltaic modules shipments for the second quarter of 2013 surpassed 5.8 gigawatts. This is a 21% increase over the shipments recorded in the second quarter of 2012. The report suggests that the world’s largest photovoltaic module manufacturers are producing products at a rapid pace, deploying these modules to promising markets around the world where the demand for solar energy is soaring. Chinese manufacturers currently hold a significant lead over those in other countries.

Solar Energy ProgressChina remains ahead in terms of manufacture

NPD Solarbuzz estimates that several Chinese manufacturers may have beaten previously establish shipment records this year despite a turbulent trade dispute between their home country and the European Union. Even at the height of this dispute, China was able to inundate several markets with photovoltaic modules and make serious renovations to its domestic solar energy industry. Other manufacturers, such as First Solar, have been able to find success in markets beyond Europe and Asia. In the case of First Solar, which is based in the U.S., the rising demand for solar energy has paved the way for promising projects located in Australia.

Shipments expected to continue growing as solar energy becomes more popular

As solar energy continues to grow in popularity, shipments of photovoltaic modules are likely to increase over time. The technology behind these modules is evolving at a rapid pace, which has lead to a variety of photovoltaic systems being released to the global market. This diversity has provided many consumers and businesses with a multitude of options when it comes to their interest in adopting solar energy.