ReportsnReports.com adds Solar PV Module Value Chain - Market Size, Average Price, Market Share and Key Country Analysis to 2020 research report to its store. 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 solar PV module market 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.
The report analyzes solar PV module installed capacity; power generation; average price; global trends in market size and volume (2006-2013) for thin-film modules and across the crystalline silicon module value chain, including polysilicon, wafers, cells, and modules; major manufacturers, both globally and for eight key countries; and the global market drivers and restraints. It provides in-depth analysis of the global solar PV module market, as well as the markets in Germany, the US, China, Italy, Japan, South Korea, Taiwan and India. It covers solar PV module installations; solar PV crystalline and thin-film module market volume trends, solar PV module average price and market size trends; and crystalline and thin-film solar PV module production share by company. The report also analyses the key drivers and restraints affecting the global market.
The Evolution and Economics of Solar PV Cells is another market research report of 75 pages published in May 2014. This report says by 2013 the aggregate global installed capacity was 136,700MW, and annual growth was 37,007MW, the highest annual growth yet recorded. In 2013, the largest capacity addition, 11,300MW, was in China, followed by Europe with 10,253MW. By far the largest US market was in California, with 2,621MW of solar PV added in 2013. The largest share of the market in 2013 was taken by multicrystalline silicon cells (polycrystalline silicon), with 64% of the total, followed by conventional single crystal silicon (monocrystalline silicon) with 19%. In March 2014, German modules were priced at €0.68/W and Japanese/Korean modules at €0.69/W. The continued price difference reflects a perception that Chinese modules are less robust and reliable than their competitors, but the margin is narrowing.
According to global solar PV market 2014-2018 research report, the worldwide solar PV industry is set to grow at 20.3% CAGR during 2013-2018. The report includes the segmentation of the Global Solar PV market based on the following criteria: technology, end-user, and geography. It has been prepared based on an in-depth market analysis with inputs from industry experts. The report covers the Americas, and the APAC and EMEA regions; it also covers the Global Solar PV market landscape and its growth prospects in the coming years. The report includes a discussion of the key vendors operating in this market. Companies like First Solar, Suntech Power Holdings, Yingli Green Energy Holding, Trina Solar, Bosch Solar Energy, Canadian Solar, Dyesol, EniPower, E-Ton Solar Tech, ET Solar, Evergreen Solar, Flisom, GE Energy, Global Solar Energy, Hanwha SolarOne, Hitachi Metals America, Isofoton, JA Solar Holdings, JinkoSolar Holding, Kyocera, LDK Solar, Matrix Solar Technologies, MiaSole, Mitsubishi Electric, Moser Baer Solar, Motech Industries, Nanosolar, Primestar Solar, Q-Cells, REC Solar, ReneSola, Ritek, Sanyo Solar, Schott Solar, Schuco USA, Sharp Solar Energy Solutions Group, Signet Solar, Siliken and SunPower are discussed in this research.
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