DuPont expects its photovoltaics sales to grow by over 50% within 2010 as a result of strong market demand for new PV installations in Europe, North America and Asia. The company expects its sales PV sales to exceed US$1 billion in 2011, setting a new goal to exceed US$2 billion in sales by 2014.
“Our focus on delivering materials innovations that are essential to the photovoltaic industry’s future growth is paying off for our customers and for DuPont,” said David Miller, president of DuPont Electronics & Communications. “We not only have the materials that provide superior performance and reliability to photovoltaic modules, but also the ability to match those products to the specific, individual needs of our customers and we are aggressively expanding to supply those materials in the volumes required by this high growth industry.”
DuPont sales to the PV market exceeded US$550 million in 2009, which is an increase of over 25% from 2009. The company’s growth is supported by new innovations that improve module efficiency and lifetime, and enable new PV technologies and applications.
“We have seen strong demand that has led us to continue our trend of growing faster than the market due to several successful new product introductions and share gains based on a strong portfolio of materials-based offerings to global leading photovoltaic cell and module manufacturers,” said Miller.
“We expect our growth momentum to continue because materials innovations are essential to delivering improved efficiency, longer lifetimes, and lower overall system costs to consumers.”