Analysts at Deutsche Bank have predicted that the global solar PV sector will transition from a subsidized market to a sustainable market within a year, citing the arrival of “grid parity” in a number of key markets, unexpectedly strong demand and rebounding margins, reports Renew Economy.

The Deutsche Bank team said key markets such as India, China and the U.S. are experiencing strong demand and solar projects are now being developed with minimal or no incentives.

“While some risks around subsidy cuts in Japan and the UK market remain, we expect a more constructive outlook in most other emerging markets,” Deutsche Bank writes. “We see the sector transitioning from subsidised to sustainable markets in 2014.”

UPDATE: Rewritten to cite Renew Economy, which broke this story.