IMS Research predicts utility-scale PV market will surge dramatically in 2011

Share on facebook
Share on twitter
Share on linkedin
Share on reddit
Share on email

According to the latest report from IMS Research, the utility-scale PV market is set to surge in 2011, growing as much as five times faster than the rest of the industry. This high demand predicted for next year supports First Solar's recent decision to make significant increases to its production capacity expansion plans for the next two years, suggesting that the dominating thin-film supplier's production capacity will reach over 2.7GW by the end of 2012 at current line run rates. However, given its history of improving throughput, IMS Research estimates that its capacity could in fact reach over 3GW by then.

While the research analysis firm is predicting a positive 2011 for First Solar, it doesn't hold out the same hope for its competitors, who may be facing slowing demand as the German market begins to taper off. “If we look back to early 2009, while the rest of the industry experienced a stagnating market and slow demand from many countries, First Solar bucked the industry trend, significantly increasing capacity and more than doubling its shipments, increasing its market share (in MW) to 10.7%, from 6.9% in 2008,” outlined the report.

“However, in 2010, while its crystalline competitors' capacity has been added at a frantic pace, First Solar has added just one extra line and has remained capacity constrained throughout the year. As a result, although total PV installations are forecast to double in 2010, First Solar's shipments are predicted to grow by just 25%, causing its market share to shrink to around 8%,” according to IMS Research's latest estimates.

PV research analyst Sam Wilkinson said, “While much of the industry has indicated uncertainty and a possible reduction in demand in 2011 with Germany's small commercial segment likely to decrease the most in MW terms, First Solar is expecting an increase in demand for its products and a need to accelerate capacity expansions.”

“While it wasn't fully able to benefit from the booming German market which has so far favoured rooftop installations, it is now likely to see robust demand from large plants in Europe as well as its own enormous utility-scale pipeline in North America,” added Wilkinson. “IMS Research forecasts significant growth for First Solar's primary market–utility-scale PV installations–in 2011, with these systems projected to grow five-times faster than the rest of the market.”

Assuming demand remains high enough to keep the additional lines highly utilized, these capacity expansions will also aid First Solar in reducing its costs even further beyond its competitors. Already the market leader in reducing module costs, the U.S. supplier announced that it had achieved a record low of $0.74/W in Q2'10. With high demand and tight supply currently maintaining high upstream prices for crystalline PV module prices, First Solar looks ideally poised to regain market share in 2011.

19 July 2022
As New South Wales is gearing up to become a renewable energy superpower, an exciting clean energy event is coming to Sydney. Energy Next is a free-to-attend industry event focusing on the latest renewable energy and energy management technologies, which will be held from 19-20 July 2022 at the ICC Sydney in Darling Harbour. Organised by the same people behind the country’s largest clean energy event, All-Energy Australia, Energy Next will bring a quality exhibition and technical session series to NSW. Energy Next will also host the Clean Energy Council’s Solar Masterclass with a program developed for solar designers and installers. Across two days, Energy Next will provide an extensive exhibition, workshops and networking opportunities for those working in the renewable energy industry to meet with leading suppliers, discover the latest technologies and gain an understanding of how to successfully launch new clean energy projects.
21 July 2022
The rooftop solar PV market is set for significant growth, but installers are being held back by complicated design software that is slow, cumbersome and fails to take into account rooftop shading, module compatibility and energy storage. Huawei’s SmartDesign 2.0 is a web-based PV and energy storage system tool that promises to solve all of those issues, and much more. This webinar will provide a live demonstration of the SmartDeisgn 2.0 tool, showing how installers can quickly complete Huawei PV & ESS system designs and assemble a professional report with 3D site view for potential customers, streamlining the design and sales service.
23 August 2022
Intersolar South America, South America’s largest exhibition and conference for the solar industry, takes place at the Expo Center Norte in São Paulo, Brazil, on August 23–25, 2022, and has a focus on the areas of photovoltaics, PV production and solar thermal technologies. At the accompanying Intersolar South America Conference, renowned experts shed light on hot topics in the solar industry. In 2021 – despite the Covid-19 pandemic – Intersolar South America welcomed more than 28,000 visitors and over 1,000 conference attendees over 3 days. 200+ providers showcased their products. Combining local and international expertise, Intersolar South America brings together the PV and solar thermal sector to discuss the current status and strategic trends for Latin American PV markets, as well as technology innovations and new business opportunities. Overall, distributed generation is still driving momentum in the Brazilian market.
6 September 2022
Intersolar Mexico sits at the cross-section of photovoltaics, solar heating & cooling technologies, and energy storage. The event serves as the industry’s go-to source for invaluable technology trends and premier B2B contacts in the promising Mexican solar market. From September 6–8, 2022 Intersolar Mexico together with the co-located The GREEN Expo® and Aquatech Mexico will take place in Centro Citibanamex, Mexico City.
19 September 2022
RE+ 2022 is the umbrella event that includes SPI, ESI, RE+ Power, and RE+ Infrastructure. As North America's largest renewable energy event, it's a catalyst for industry innovation that's supercharging business growth in the clean energy economy.
20 September 2022
From source to generation, from grid to consumer, the boundaries of the sector are blurring and this evolution is being shaped by established players, external disruptors, innovative start-ups and the increasingly engaged end-user. Enlit Asia is the unifying brand for POWERGEN Asia and Asian Utility Week, showcases expert knowledge, innovative solutions and foresight from industry leaders, coherent with Asian strategy to achieve a smooth transition towards a low carbon energy supply. This year, Enlit Asia will be co-located with Sustainable Energy Technology Asia (SETA) & Solar & Storage Asia (SSA).

Read Next

June 30, 2022
Investor CleanCapital has acquired renewable energy developer BQ Energy, adding 300MW of late-stage solar development to its pipeline.
PV Tech Premium
June 30, 2022
US authorities’ move to require documentation showing the source of quartzite in solar module imports should come as no surprise, experts have said, amid suggestions most companies will be able to overcome the latest hurdle that threatens to delay shipments.
June 30, 2022
The solar industry supply chain’s jitters continued this week after polysilicon prices hit another high, driving silicon wafer prices further upward too.
June 30, 2022
Voltalia has started the development of a cluster of solar PV projects in Brazil with a planned combined capacity of 1.5GW.
June 30, 2022
The Australian Energy Market Operator (AEMO) has revealed its 2022 Integrated System Plan (ISP), laying out a 30-year roadmap that plots the transition to net-zero and identifies upcoming investments in the National Electricity Market (NEM), which covers the populous south and east of the country.
June 30, 2022
D.E. Shaw Renewables Investments (DESRI) has secured up to US$400 million in new capital finance to support its US renewables strategy.

Subscribe to Newsletter

Upcoming Events

Solar Media Events
October 4, 2022
New York, USA
Solar Media Events
October 11, 2022
Virtual event