Taipei, Wednesday, December 7, 2016 01:55 (GMT+8)
mostly cloudy
Taipei
21°C
PV 2012 - Expectations for the global solar market
Chiheng Liang, DIGITIMES Research, Taipei [Friday 13 April 2012]
Registration required (free) to purchase. Please sign in if you wish to continue.
The solar market saw solar prices dropped drastically due to oversupply in 2011 and most solar firms across the supply chain suffered losses. Nevertheless, a significant drop in prices for solar PV systems stimulated new demand and total global installations still reached 26.1GW, a 30% growth on year. With growth is expected to slow to 9.4% this year, Digitimes Research examines the changing policies and demand trends in multiple solar markets, as well as providing a financial analysis of the concerns affecting the supply chain.
Abstract
Global solar PV installations, 2008-2015 (GW)

The solar market saw solar prices dropped drastically due to oversupply in 2011 and most solar firms across the supply chain suffered losses. Nevertheless, a significant drop in prices for solar PV systems stimulated new demand. Though the Europe market was plagued by a debt crisis, total global installations still reached 26.1GW, a 30% growth on year, and showed that demand was not as low as the market believed.

As for 2012, governments in Europe have been reconsidering solar incentive policies and plan to make cuts to subsidies. Major solar markets such as Germany, Italy, and France all face dwindling demand. However, many new markets such as Japan, China, India and the US have emerged due to cost reductions to the solar PV systems. Strong demand from these new markets may offset the impact of the dwindling markets in Europe. Digitimes Research estimates the 2012 solar market will experience installation growth of 9.4%, reaching 28.5GW.

Capacity expansions taken up by the solar firms in recent years have caused supply to significantly exceed demand. Hence, despite a continued increase in demand, the industry will likely continue to suffer due to oversupply. Price increases will not be easy, which means the undesirable market conditions will first impact firms that lack improved technologies and have relatively higher production costs. Asia-based firms (mainly in Greater China) will continue to increase their market share. However, the supply chain is not likely to get rid of an oversupply problem until 2014 when demand shows significant growth and excess capacity exits the market.

Table of contents
Price: NT$48,000 (approx. US$1,685)
Realtime news
  • Fitness trackers in the lead as wearable market grows 3.1% in 3Q16, says IDC

    IT + CE | 4h 33min ago

  • Camera module maker Newmax reports increased sales for November

    Mobile + telecom - Newswatch | 4h 38min ago

  • Chip demand for iPads slows

    Bits + chips | 4h 41min ago

  • Global October chip sales increase, says SIA

    Bits + chips | 4h 44min ago

  • Rugged computer device maker Getac reports strong sales for November

    IT + CE - Stockwatch | 4h 47min ago

  • Nanya posts revenue growth in November

    Bits + chips | 4h 49min ago

  • HTC sees revenues continue to drop in November

    Mobile + telecom | 4h 52min ago

  • Digitimes Research: Global tablet shipments in 4Q16 to reach 51.29 million

    IT + CE | 4h 55min ago

  • Sinbon Electronics November revenues roughly flat on month

    IT + CE | 5h 1min ago

  • Lite-On Technology sees November revenues increase

    IT + CE | 5h 3min ago

  • General Interface Solution sees decreased November revenues

    Before Going to Press | 4h 35min ago

  • Vietnam aims at 7.0%, 10.7% of total power generation for renewable energy in 2020, 2030

    Before Going to Press | 5h 18min ago

  • Local governments in China temporarily suspend PV installation applications

    Before Going to Press | 5h 19min ago

  • Darfon Electronics sees decreased November revenues

    Before Going to Press | 5h 21min ago

  • Diode maker Eris November revenues rise

    Before Going to Press | 5h 22min ago

  • China LED material, chip makers hike prices

    Before Going to Press | 5h 22min ago

  • Synnex Technology November revenues up on month, down on year

    Before Going to Press | 5h 23min ago

  • Digitimes Research: Global digital gaming market to reach US$99.6 billion in 2016

    Before Going to Press | 5h 25min ago

  • TSMC to build new plant for 5nm and newer processes

    Before Going to Press | 5h 27min ago

  • TSMC orders equipment for NT$13.5 billion

    Before Going to Press | 5h 28min ago

Pause
 | 
View more

Taiwan server shipment forecast and industry analysis, 2017

TAIWAN MOBILE DEVICE | Nov 28, 10:20

According to surveys and analyses conducted by Digitimes Research, revenues generated from sales of server motherboards, servers, storage systems and related network system equipment by Taiwan-based vendors will continue on an upward trend to reach NT$558.5 billion...

Taiwan server shipment forecast and industry analysis, 2016

RESEARCH EXTRAS | Apr 1, 15:47

Strong demand from the cloud computing market helped Taiwan's server shipments grow 12.5% on year to break 10 million units in 2015, accounting for 90.7% of worldwide shipments and the percentage is expected to grow to 91.1% in 2016. This Digitimes Research Special...

China smartphone AP shipment 4Q forecast

CHINA SMARTPHONE AP | Dec 2, 14:32

Digitimes Research estimates shipments of AP for smartphones and tablet PC in China in the fourth quarter of 2016 will show a growth of 11.6% on quarter.

Taiwan handsets - 3Q 2016

TAIWAN MOBILE DEVICE | Nov 30, 14:14

Taiwan handset makers had a disappointing third quarter in 2016 as a result of decreased ODM orders and low-than-expected performances of Taiwan's brand vendors.

Taiwan LCD TVs – 3Q 2016

TAIWAN DISPLAY SYSTEM | Nov 28, 14:17

Taiwan LCD TV makers saw some impacts from panel shortages in the third quarter of 2016, but their shipments still managed to achieve significant growth thanks to demand from the North America market.

Advantest
Display panels for wearable devices
The transition to 4k TV - UHD TV market forecast, 2014-2017
  • Wireless broadband developments in Southeast Asia markets

    As of 2013, the 10 ASEAN nations had a total of over 700 million mobile subscriptions, with the CAGR from 2003-2013 reaching 24%. This Digitimes Research Special Report analyzes the various mobile broadband markets in ASEAN and looks at the respective trends in 4G LTE development for those markets.

  • 2015 global tablet demand forecast

    This Digitimes Research Special Report provides a 2015 forecast for the global tablet market and analyzes the strategies of key market players such as Google, Apple, Intel, and Microsoft.

  • 2015 China smartphone panel trend forecast

    This Digitimes Research Special Report analyzes the strategies of key China-based major panel makers BOE, Tianma and IVO for attacking the different market segments through technology and pricing, and their relationship to local vendors Huawei, Lenovo, ZTE, Xiaomi and Coolpad.