Market Research Reports, Inc. has announced the addition of “Solar PV Module Value Chain - Market Size, Average Price, Market Share and Key Country Analysis to 2020” research report to their offering.
Lewes, DE -- (SBWIRE) -- 11/03/2014 -- Global Installed Solar PV Module Capacity will Grow until 2020 but with Small Annual Additions -
Solar module installations witnessed immense growth during the 2006-2013 period, with an average year-on-year growth rate of more than 50% from 2008 to 2013. Annual installations increased from 1.43 Gigawatts (GW) in 2006 to 37.70 GW in 2013 with increasing economies of scale, emerging technologies, and policy-based governmental and institutional support for the industry. However, the growth in 2012 was much lower than the growth in the preceding years; for the industry started to adjust away from the initial spur and support from the governments of some key geographies for the industry was reduced or eliminated. In 2012, annual installation totaled 28.53 GW, compared with the 30.83 GW installed in 2011.
Global annual installations increased considerably to 37.70 GW in 2013, due to a rise in installations in China, Japan, the US and India. From 2014 to 2020, average annual additions of around 40 GW is expected.
China Continues to be Largest Producer of Solar PV Modules
In 2013, 70.9% of the crystalline modules produced globally were from China. Being a manufacturing hub with favorable conditions for the manufacturing industry, China has continued for the seventh consecutive year being the world’s largest solar module manufacturer. In 2013, 26.46 GW’s worth of modules was produced in China. With domestically available polysilicon, a favorable regulatory environment, and easily available inexpensive labor force, the China-based companies GCL Solar Energy Technology, Yingli Green Energy, LDK Solar, Trina Solar and Jinko Solar have been leading crystalline solar module production, with annual production capacities of over 1,000 Megawatts (MW) each.
Japan is a distant second to China in the solar Photovoltaic (PV) market with a 9% share of global production, manufacturing 3.72 GW of modules in 2013. Japan has continued leading thin-film module production for the third consecutive year. It accounted for 28.9% of global thin-film module production in 2013. South Korea and Taiwan, which are focusing on streamlining their semiconductor manufacturing industry, were the third and fourth largest solar module manufacturers in 2013. The US and Germany followed, with a 2.4% and 2.3% share, respectively.
Supply-Demand Imbalance may Cause Either Oversupply, Harming Module Manufacturers, or Undersupply, Affecting Project Proponents
In the initial years of the solar power boom of 2000 to 2005, the demand for modules increased sharply, leading to a hike in silicon prices and a subsequent hike in crystalline module prices. This affected the financial viability of solar power generation in several countries to the extent that the adoption of less efficient thin-film modules proved to be more profitable with the then-existing tariffs and incentives. However, to cater to this increased demand, the polysilicon industry and the crystalline module industry moved toward a mass production regime and increased production capacity far beyond the demand that arose in the subsequent years. This led to an oversupply and a sharp fall in prices, which in turn led to several manufacturers of crystalline silicon and thin-film modules incurring losses.
In 2013, the global annual module manufacturing capacity was over 55 GW, while the demand in 2012 was 36 GW, rendering close to half of the installed production capacity dormant. This caused losses and insolvency for several companies. It is clear that the module market is highly competitive, and, to survive, a manufacturer has to consistently deliver products with the optimal balance of efficiency and price.
Spanning over 201 pages, “Solar PV Module Value Chain - Market Size, Average Price, Market Share and Key Country Analysis to 2020” report covering the Introduction, Solar PV Modules Market, Global, Solar PV Module Market, Germany, Solar PV Module Market, US, Solar PV Module Market, Italy, Solar PV Module Market, China, Solar PV Module Market, Japan, Solar PV Module Market, South Korea, Solar PV Module Market, Taiwan, Solar PV Module Market, India, Appendix.
Know more about this report at – http://www.marketresearchreports.com/globaldata/solar-pv-module-value-chain-market-size-average-price-market-share-and-key-country
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