PV PRICES TO REBOUND IN 2015

Solar Photovoltaic Module Revenues to Rebound to $32 Billion by 2017… Downturn expected until 2014, recovery forecast from 2015 onward.

April 22, 2013 (SolarBuzz)

“Solar photovoltaic (PV) industry module revenues are forecast to decline 20% in 2013 to $20.5 billion from $25.5 billion in 2012. While revenues will remain below 2012 levels during 2013 and 2014, they are set to increase from 2015 onward. According to the NPD Solarbuzz Marketbuzz 2013 report, PV module revenue is expected to reach $32 billion by 2017.

“Confidence in the solar PV industry was severely damaged in 2012, as module average selling prices (ASPs) declined approximately 50% Y/Y, while end-market demand grew only 5%. This mismatch placed extreme pressure on the solar PV manufacturing sector, which had expanded its capacity during 2010 and 2011 to potentially supply 45 GW to an end-market that reached only 29 GW in 2012…”

click to enlarge

“…[O]ver-capacity and declining revenues…[sent share] values of several publicly listed PV companies…close to delisting levels, operating losses have been reported in the hundreds of millions of dollars per quarter, and many manufacturers are continuing to file for insolvency…

“NPD Solarbuzz predicts further consolidation in the solar PV manufacturing sector through 2014, providing opportunities for market share gains. Module ASPs will continue to decline at a slower rate than in the last two years, which will provide an opportunity for leading module suppliers to implement cost reduction steps and create a profitable environment when the end-market demand approaches 46 GW in 2015…”

Tweet