Dive into the apac solar energy market for utility-scale and rooftop PV. Learn about China's dominance and the rise of floating solar and solar-plus-storage.
The sun is the most abundant energy source in Asia-Pacific. The apac solar energy market is the largest renewable energy segment, driven by falling module prices and supportive policies. The apac solar energy market for utility-scale solar farms (mounted on ground or floating on water) is the largest by capacity. The apac solar energy market for rooftop solar (residential and commercial) is also massive, especially in Australia, China, Japan, and South Korea. The apac solar energy market for floating solar (on reservoirs) is a fast-growing niche, particularly in China, South Korea, and Singapore.
Technology and Cost Trends
The broader apac renewable energy market is dominated by solar. The apac solar energy market for monocrystalline silicon panels have higher efficiency than polycrystalline. The apac solar energy market for bifacial panels (capturing light from both sides) are gaining share. The apac solar energy market for PERC (Passivated Emitter Rear Cell) technology is now standard. The apac solar energy market for solar costs have fallen dramatically, making it cheaper than coal in many countries.
Key National Markets
The apac solar energy market for China is the global leader, both in manufacturing and deployment. The apac solar energy market for India has ambitious targets (e.g., 100 GW of solar by 2022, largely achieved). The apac solar energy market for Japan was an early adopter, but market growth has slowed. The apac solar energy market for Australia has the world's highest per-capita rooftop solar. The apac solar energy market for Vietnam had a massive boom, driven by feed-in tariffs.
Solar Applications and Innovations
The apac solar energy market for agrivoltaics (solar panels combined with crops or grazing) is being piloted. The apac solar energy market for building-integrated PV (BIPV) (solar windows, facades) is a niche. The apac solar energy market for solar-plus-storage (paired with batteries) is becoming standard for new projects. The apac solar energy market for distributed solar (rooftop) is growing rapidly.
Future Outlook
Looking ahead, the apac solar energy market will see higher efficiency panels (heterojunction, TOPCon). The apac solar energy market for perovskite solar cells (emerging technology) could revolutionize the market. The apac solar energy market for recycling of solar panels (for silicon, silver, glass) will become a major industry.
Explore key developments shaping industry transformation:
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