IHS: PV installs reached 32GW in 2012 and 35GW forecasted for 2013

Share on facebook
Facebook
Share on twitter
Twitter
Share on linkedin
LinkedIn
Share on reddit
Reddit
Share on email
Email

Global PV installations hit 32GW in 2012, up from 28GW in 2011, according to the latest figures from market research firm, IHS. Growth is also expected in 2013 but restricted to only a 3GW rise to 35GW.

However, falling Average Selling Price's (ASP's)  over the last two-years are set to continue in 2013. ASP decline has had a significant impact on industry revenue. According to IHS, industry revenue—measured as the system price multiplied by total gigawatts installed is expected will decline to an estimated US$75 billion in 2013, down from US$77 billion in 2012.  PV industry revenue was said to have peaked in 2011 at US$94 billion.

Yet IHS said that industry revenue would expand in the double digit range from 2014 to 2016, reaching as much as US$115 billion by 2016.

Ash Sharma, director of syndicated solar research for IHS said, “The conflicting trend of growing PV installation volumes accompanied on the other hand by falling revenues will challenge solar companies to continue to reduce their cost structures. While solar installations have grown every single year without fail since we started analyzing the industry in 2006—and will continue to do so until at least 2017—the picture is much more sobering when one looks at industry revenue, especially as PV component prices continue downward. And installation growth, although positive, is also slowing, further affecting the industry’s overall top line.”

Regional shifts

IHS noted that a major regional shift in PV demand was occurring and that the industry was becoming truly global. Europe was said to have accounted for more than 80 percent of solar demand in 2010, declining to 53% in 2012, and forecast to slide further this year to only 39% of the global market.  Not surprisingly, Asia and in particular China is on track to replace Europe as the world’s largest source of solar installations in the coming years.

“Historically, solar companies could rely on Germany and a few other European countries to support their business,” added Sharma. “But these same companies need to now quickly accelerate their entrance into emerging markets around the world.”

IHS expects Germany to fall to third place in 2013, behind China and the United States. Japan and Italy follow in fourth and fifth, respectively.

Geographic fragmentation is also expected to escalate this year. The market research firm noted that the top 5 countries by installations accounted for nearly 75% of total solar demand in 2012, but is expected to decline to 65% in 2013. 
 

26 May 2021
Tara Doyle and Tristan Erion-Lorico of PV Evolution Labs (PVEL), will share this year’s top-performing modules and discuss key findings from PVEL’s PQP testing. Join us to explore which find out which new Top Performer category can affect project value by more than $100,000 – and which test resulted in >20% degradation.
15 June 2021
Looking at the drivers and dynamics of utility scale solar in the UK over the next five years. This event will consider the immediate challenges as we enter the build phase in the UK market where we could see as much as 3GW deployed in 2021 alone! What developments will continue the growth of 100MW+ sites and what impact will government policy have on the rate of deployment in the UK? Join leading developers and manufacturers shaping the direction of one of Europe’s most active markets and hear from speakers with a history of influencing innovation and change.
6 July 2021
Explore in depth the opportunities of the different countries via case studies, business and financial models that will foster growth in the region with particular focus on Thailand, Philippines, Indonesia, Taiwan, Korea, Cambodia, Singapore, Malaysia & Vietnam.
13 July 2021
Energy Next is a new industry exhibition focusing on the latest renewable energy and energy efficiency technology, which will be held for the first time in 2021 in Sydney, Australia alongside the Clean Energy Council’s Australian Clean Energy Summit, the peak gathering of leaders driving Australia's energy transformation. Organised by the same people behind Australia’s largest clean energy event, All-Energy Australia, Energy Next will give visitors two days of access to key suppliers in the industry, free-to-attend professional development and industry workshops, and networking opportunities to better understand clean energy issues and solutions and learn about the latest developments in this transformational, dynamic sector.
24 August 2021
Join us to hear directly from the CTOs and heads-of-research from the top-20 cell/wafer producers to the PV industry today. You'll find out which companies are investing and what technologies and cell architectures are being primed for multi-GW production and gather key market intel around wafer supplier trends for cell manufacturing, including which format/wafer-size is likely to dominate 3-5 years out.
25 August 2021
The Intersolar Summit Brasil Nordeste takes place in Fortaleza, Brazil. It addresses leading local and international experts on solar power and renewable energy in the region. The Summit’s mission is to provide in-depth education, enable high-quality networking opportunities, expand the use of PV technologies at regional and national level and strengthen the local PV industry. The Intersolar Summit Brasil Nordeste is organized by Intersolar South America - Latin America’s largest exhibition and conference for the solar industry: Solar Promotion International GmbH, Pforzheim, Freiburg Management and Marketing International GmbH (FMMI) and Aranda Eventos & Congressos Ltda, São Paulo as co-organizer.

Read Next

May 14, 2021
The PV industry “must remain vigilant” across its supply chain in meeting global human rights standards, trade association SolarPower Europe has said in a new sustainability report.
May 14, 2021
The American Council on Renewable Energy (ACORE) has said that a proposed transmission investment tax credit (ITC) in the US could spur US$15.3 billion of fresh investment in clean energy and enable an extra 42GW of wind and solar capacity to come online.
PV Tech Premium
May 14, 2021
While foreign investors are said to be flocking to Greece’s solar sector, project developers are struggling with headwinds in the form of grid access challenges and local resistance to new renewables plants. Jules Scully looks at how these hurdles are affecting PV deployment in the country.
May 14, 2021
Renewable energy company and Solar Module Super League (SMSL) member Canadian Solar has invested in UK-based battery storage software company Habitat Energy.
May 14, 2021
Commercial operations have started at a 50MW solar power plant in the Philippines after construction was disrupted by the COVID-19 pandemic last year.
May 13, 2021
Solar developer Lightsource BP has been granted planning approval to develop a 400MWdc solar farm in New South Wales Australia.

Subscribe to Newsletter

Upcoming Events

Upcoming Webinars
May 26, 2021
Session 1 - 7:00 AM (BST) | Session 2 - 5:00 PM (BST)
Solar Media Events
June 15, 2021
Solar Media Events
July 6, 2021
Solar Media Events
August 24, 2021