Chinese PV manufacturers targeting shipments to Japan, US and India - EnergyTrend

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Chinese PV manufacturers were estimated to have shipped over 6GW of PV modules to three key markets in the first half of 2015, according to Taiwan-based market research firm EnergyTrend, a division of TrendForce.

EnergyTrend said that Japan was the largest module shipment destination for Chinese PV producers in the first half of the year with shipments topping 3.9GW. 

The US was estimated to have topped 1.5GW of shipments from Chinese producers in the same period, while shipments to India reached around 900MW. This exceeded the estimated 700MW shipped to the largest market in Europe, the UK. 

According to PV Tech’s analysis of US shipments from tier-one suppliers so far reporting first half year results, Trina Solar shipped around 525MW, compared to JinkoSolar’s 284.5MW. Both companies have established manufacturing plants in South East Asia to meet growing US demand. 

“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. The support from these four regional markets will ensure fully loaded capacity for module and cell manufacturers at both the first and second tier. However, module companies will pass over China and Taiwan when setting up additional capacities because of the ongoing PV trade disputes. They will also want to be proximally near the emerging markets, so future production relocation or capacity expansion plans will take place in these countries. This wave of overseas capacity expansion will once again disrupt the supply-demand equilibrium that has been gradually formed in the recent period.”

EnergyTrend also noted that Chinese PV manufacturers exported 12GW of modules during the first half of 2015. 

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