Global PV Market Will Experience Strong Demand In Second Half Of 2015

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The global PV market is expected to continue witnessing strong demand in the second half of 2015, according to new analysis by EnergyTrend.

Specifically, EnergyTrend — a division of TrendForce — expects that, with India as the fastest growing PV market, replacing the UK as one of the top three export markets for Chinese-made solar PV modules, China’s PV export industry can expect similarly strong demand from both within-country, and internationally, in Japan, the US, and India.


“Going into the second half of 2015, the global PV market will continue to witness strong demand driven by China, the U.S., Japan and India,” said Corrine Lin, analyst for EnergyTrend. Furthermore, these four markets — which made up over 6 GW of the total 12 GW that China’s solar PV industry exported in the first six months of 2015 — will ensure that global capacity for module and cell manufacturers is fully loaded through the rest of the year, in both the first and second tier of manufacturers.

EnergyTrend points out, however, that future manufacturing capacity expansion will take place outside of China and Taiwan, due to the currently ongoing trade disputes. Furthermore, any such expansion is likely to be developed in proximity to emerging markets, which will make up a lions’ share of future solar PV development, which EnergyTrend believes “will once again disrupt the supply-demand equilibrium that has been gradually formed in the recent period.”

Probably the most obvious sign of this trend is the current rush to set up production capacity inside of India to take advantage of the phenomenal wealth of opportunity that is being created by the central government’s plans to develop increasingly large shares of solar PV capacity over the next decade.

All information courtesy of EnergyTrend

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Joshua S Hill

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7 thoughts on “Global PV Market Will Experience Strong Demand In Second Half Of 2015

  • Glad to see manufacturing is moving to India. “If our money is good enough to buy it, our people are good enough to make it” is as true for PVs as for cars. I don’t care where the corporate headquarters are but large scale production should benefit consumers in the purchasing country both with the product and the jobs it creates for a “win-win” situation. No one can argue that Indian workers make too much for profitability.

    • PV is going to become less and less labor intensive I think in the next decade the labor component is going to look more like steel manufacture or glass production. Their will alot of capital investment in research expensive machinery and raw materials and less in labor to for the finished product.

      • I completely agree. And that R&D and robotic expertise needs to be developed in India using Indian’s as well as Elsewhere using Elsewhere-ians.

        • If that’s cost effective then the market will find it’s way their. I think it will resemble other heavy industries and location to component resources and efficient transportation networks will trump all other factors. Steel and other metal product as well as basic manufactured goods act more like commodities and are transported around the world instead of serving local markets. I think PV production will be the same.

  • Glad to see too world improvements for PV…that is unless you live in the rate structure, debate torn U.S. The battle of wealthy energy companies against roof top solar has it’s path to gold scenario forged through state PUC’s. The energy power brokers are about to hit net meter customers with byzantine rates structures, punitive base pricing and a fog of fairness issues pitting the “haves’ vs the “have-nots” Nevada is about to lose our battle against Warren Buffett’s NV Energy.

    For we U.S. citizens even paying attention, it is more than obvious almost all energy company battles are being pitched this way throughout the country. Unfortunately, the majority numbers will always have political sway and, in this case, be on the side of penalizing roof top solar.

    • I share your anger and disgust. It will slow things down now but ultimately they are just building up a reservoir of angry ratepayers who will jump at going off-grid when batteries get cheap enough.

  • Isn’t the map a little bit outdated? With soviet union and GDR? 8)

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