New quarterly solar module shipment data from IMS Research show the PV industry has experienced four quarters of consecutive growth. Module shipments in the first quarter of 2010 were 3% higher than the previous quarter, which saw First Solar retain its leadership position and 8.4% global market share. Expanded module capacity was said to be fully utilized with soaring demand set to continue through the second quarter of the year.
“After a year of plummeting prices, Yingli Solar was able to increase its average selling price during Q1’10” commented Sam Wilkinson, research analyst with IMS Research’s PV Group. “However, whilst its average price increased almost 9% over Q4’09 measured in Euros, where it continues to ship the majority of its modules, the devaluation of the Euro meant it only realised a 2% increase in Renminbi.”
IMS Research noted that in the quarter, five of the top seven suppliers were Chinese pure-play solar companies. Trina Solar shipped more modules than Yingli Solar for the first time. The future of the Euro remains an ongoing concern for many Asian suppliers, according to the market research firm, with a further squeeze in margins likely in the second half of 2010.