Japanese PV Market Got the Biggest Drop in Second Quarter

According to the latest number released by Japan Photovoltaic Energy Association (JPEA), the Japanese PV market in the first quarter of this year went down by 32 percent from the previous quarter.  This is perhaps the biggest dip in the history in Japan PV market.

The market size during the quarter between April and June 2014 was 1.88 gigawatt (GW).

Many industry participants speculate that the market decline was due to the sales tax increase (effective of April 2014) and there was the great number of rush installations to avoid the sales tax increase during the quarter between January and March 2014.

In terms of end-user applications, the residential segment declined by 26% from the previous quarter and the non-residential segment went down by 34%