ENGLAND: Shipments of solar power (PV) equipment grew by 81 percent in the second quarter of 2009 from the first, according to latest analysis from IMS Research, indicating the worst of the industry’s downturn may now be over.
Latest quarterly data from IMS Research, which tracks PV inverter and module shipments, revealed that in spite of the difficulties the industry is facing, over 1GW of PV equipment was shipped by manufacturers in Q209.
However, for the first six months of 2009, shipments were still 34 percent down compared to the same period last year, mainly due to the sudden implosion of the Spanish market.
Research Director, Ash Sharma commented: “Although shipments were sequentially up by more than 80 percent in Q2, year-to-date sales and shipments are still considerably down on 2008. In addition, the PV market is strongly seasonal, and Q2 is typically much stronger than Q1. However, in 2007 and 2008, Q2’s sequential growth was somewhat lower, at 75 percent and 57 percent, respectively.”
Sharma continued: “Trading conditions were reported to have been very tough in Q1, however it now appears we are starting to turn a corner with more customers coming back to PV.
“In spite of this, large-scale PV plants are suffering in Europe due to difficulties in obtaining financing. Much hope is now being placed on newer markets, particularly the US and China, which are showing very promising signs. The US market is now being led by cash-rich utilities that are announcing multi-MW investments almost every week.”
Although the market is up in Q2, IMS Research still projects new installations will be 25 percent down on 2008, with around 4.5GW of new PV capacity added.
Showing posts with label Global PV market. Show all posts
Showing posts with label Global PV market. Show all posts
Tuesday, August 25, 2009
Friday, July 31, 2009
Global PV market forecast to 2013
DUBLIN, IRELAND: Research and Markets has announced the addition of the "Global Photovoltaic Market Forecast to 2013" report to its offering.
The high volatility of oil prices, coupled with increasing concerns over the CO2 emissions worldwide, has led to the evolution of renewable energy concept over the past few years.
Use of solar photovoltaic (PV) among others, has emerged as the most appropriate solutions and has continuously been gaining considerable attention among industry players all across the globe. With the growing demand for clean energy sources, the manufacturing and deployment of solar PV cells and photovoltaic arrays have expanded dramatically in the recent years.
According to our latest research report, "Global Photovoltaic Market Forecast to 2013," the global PV industry has been propelled by the consistent efforts and investment from European countries, followed by Japan and the US. As a result, the cumulative PV installed capacity in Europe surpassed 9 GW in 2008, with Germany and Spain collectively accounting for more than 90 percent of the total capacity as of the end of 2008.
The increasing demand for PV system installations has also led to the rapid development of solar cell manufacturing worldwide. In this regard, countries in the Asia-Pacific region, such as China and Taiwan, have gained significant traction in recent years.
China, for instance, produced over 2 GW of solar cells during 2008, and is forecasted to see a CAGR of more than 50 percent in the next few years. We have also found that traditionally, high cost of deploying PV cells had been the major roadblock for the development of the global PV industry.
However, with the constantly declining cost of PV production, the industry is set to pave the way for the deployment of this technology, mainly in the developing economies.
The high volatility of oil prices, coupled with increasing concerns over the CO2 emissions worldwide, has led to the evolution of renewable energy concept over the past few years.
Use of solar photovoltaic (PV) among others, has emerged as the most appropriate solutions and has continuously been gaining considerable attention among industry players all across the globe. With the growing demand for clean energy sources, the manufacturing and deployment of solar PV cells and photovoltaic arrays have expanded dramatically in the recent years.
According to our latest research report, "Global Photovoltaic Market Forecast to 2013," the global PV industry has been propelled by the consistent efforts and investment from European countries, followed by Japan and the US. As a result, the cumulative PV installed capacity in Europe surpassed 9 GW in 2008, with Germany and Spain collectively accounting for more than 90 percent of the total capacity as of the end of 2008.
The increasing demand for PV system installations has also led to the rapid development of solar cell manufacturing worldwide. In this regard, countries in the Asia-Pacific region, such as China and Taiwan, have gained significant traction in recent years.
China, for instance, produced over 2 GW of solar cells during 2008, and is forecasted to see a CAGR of more than 50 percent in the next few years. We have also found that traditionally, high cost of deploying PV cells had been the major roadblock for the development of the global PV industry.
However, with the constantly declining cost of PV production, the industry is set to pave the way for the deployment of this technology, mainly in the developing economies.
Subscribe to:
Posts (Atom)
