GLOBAL SOLAR SUPPLY-DEMAND BALANCING AT LOWER PRICES

Solar PV Industry to Transition to Supply-Driven Market in 2014…Solar PV costs and prices have fallen dramatically, leading to a more balanced supply-demand picture

March 4, 2014 (SolarBuzz)

"Over the past three years, solar photovoltaic (PV) installed system prices, module prices, and module production costs have all fallen by more than 50%, while a shakeout of uncompetitive PV cell manufacturers has caused the number of suppliers to decline from 250 in 2010 to 150 in 2013…[As a result] PV demand will continue to grow and the solar industry will shift from a demand-constrained market into a classic supply-driven market in 2014…The demand-constrained environment of the past few years was a catalyst behind the industry’s over-capacity and over-supply problems that hindered capacity utilization rates, and resulted in capital expenditure declining to an eight-year low in 2013. Demand during 2013 was driven primarily by the booming Asian market, led by China and Japan, which are the top two markets globally. Adding in the United States, the third largest market, the top three countries accounted for almost 60% of total annual demand in 2013…” click here for more

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