Modular growth: New report predicts global module shipments to exceed 43GW by 2015

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

IDC Energy Insights has released its findings for the PV module market over the next four years. The firm’s encouraging figures are forecasting that on a global scale, PV module shipments will rise from their current 22.7GW level (2011) to 43.8GW in 2015.

This rise, coupled with the ongoing decline in module prices, greatly revised subsidies in some markets and adoption of aggressive targets by large markets like China and India, means an interesting few years ahead for the PV industry.

Unpredictable government decisions regarding subsidies and policy could well be a major disadvantage for some countries, but the emergence of several multi-gigawatt markets means that these governmental decisions will have a minimal effect on the global PV industry as a whole.

IDC Energy Insights’ Worldwide Quarterly Photovoltaic Module Tracker report also claims that a major shift in the global market rankings is underway. The Asia/Pacific region – including Japan – looks on track to grow from 22.9% of global module shipments in 2011 to 49.3% in 2015. And Europe, recipient of around 66.4% of PV shipments in 2011, will decline to a mere 38.7% in 2015.

“Over the past year China has moved its solar energy target from 5GW in 2015 to 10GW, and there is discussion that the next five-year plan set to publish in 2012 will again raise the bar,” said Ryan Reith, program manager, IDC Energy Insights Tracker products.

“While Chinese solar manufacturers have been feeling the heat about the generous state loans they have been given access to, which many believe is a cause for the rapidly declining module prices, the notion that a great domestic opportunity lies ahead is unquestioned,” he continued. “The fact that seven out of the top 11 module manufacturers are Chinese companies means the fight for domestic projects will undoubtedly be a good one.”

19 July 2022
Free webinar - Hear an updated and live talk that was first delivered by PV Tech's Head of Research, Dr Finlay Colville at the PV ModuleTech conference in Napa on 15 June 2022: - The PV industry has moved beyond its legacy supply/demand dynamics: why has this happened? - ASPs can’t go down globally in the near to mid-term: why is this the case? - Is there new capacity coming to the rescue? - Has China’s polysilicon industry become a new PV pricing cartel? - Making products & deploying domestically in a TW annual landscape: how can the U.S. really do this in practice? - The real PV technology roadmap: why do only 2% of producers matter today?
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.
20 July 2022
Join us for this free webinar on 20th July as Finlay Colville, Head of Research at Solar Media, provides a detailed update on the UK's solar industry today: Where is growth coming from, how much deployment is likely over the next 12-18 months? The large-scale solar farm pipeline at 40 GW and still going up – how much is getting built today? Commercial rooftops - the big story of UK solar in 2022; but is this just the tip of the iceberg? Why are PV module prices going up? What will happen in the next couple of years? The era of PV modules at 500 Watts and above: what is driving this?
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.
27 July 2022
The corporate renewable market is growing rapidly driven by increasing focus on decarbonisation and sustainability. There are several procurement options already popular today – open access, rooftop solar, RECs and green tariffs. Some new procurement routes as well as technologies are emerging – VPPA, storage, round-the-clock PPAs etc. Each procurement option comes with unique benefits and challenges related to policy and regulatory framework, commercial feasibility, contractual terms, execution and operational aspects. This programme is designed to empower business managers with adequate knowledge and skills to analyse different procurement options and develop an optimal roadmap based on their individual needs. The programme will be conducted by BRIDGE TO INDIA team supported by leading experts from the renewable energy industry.
27 July 2022
As solar PV projects embrace large-format and bifacial PV modules, inverters are evolving to deliver benefits across all three main LCOE variables, namely Capex, Opex and yield. However, asset operators are also demanding more oversight of the health of their projects, in turn demanding even more from modern inverter technology. This webinar will discuss how modern solar inverters have evolved to keep pace with PV module technology, providing real-life examples of how GoodWe has solved challenges for solar project developers and asset managers.

Read Next

PV Tech Premium
July 6, 2022
The company behind a renewables project that will feature 7GW of solar PV and 5GW / 20GWh of battery storage in Morocco is progressing with offshore surveying for four high-voltage direct current (HVDC) cables that will eventually connect the installation exclusively to the UK.
July 6, 2022
Energy major Shell will start constructing a renewable hydrogen plant in the Netherlands that it said will be the largest project of its kind in Europe when operational in 2025.
July 6, 2022
US power distribution company Entergy Arkansas has issued a request for proposals (RfP) for 1GW of solar and wind resources.
PV Tech Premium
July 6, 2022
Mark Osborne assesses solar research and development spends of the last decade, contextualising the industry’s current transition to TOPCon and how it has been driven.
July 6, 2022
Polish developer R.Power is seeking a primary equity capital raise to fund its future growth plans in several European countries.
July 6, 2022
US PV developer Birch Creek Development has increased its existing credit facility with debt financing provider Fundamental Renewables to US$250 million to pursue its 5GW solar pipeline in the US and support its module procurement strategy.

Subscribe to Newsletter

Upcoming Events

Upcoming Webinars
July 19, 2022
Free Webinar - 10am and 6pm BST
Upcoming Webinars
July 27, 2022
9am (UTC +2) / 3pm (UTC +8)
Solar Media Events
October 4, 2022
New York, USA