PV shipments rebound in ‘Q2 but seasonal growth slows, says IMS Research

Facebook
Twitter
LinkedIn
Reddit
Email

PV shipments which include solar modules and inverters in IMS Research’s latest assessment of the PV industry have rebounded strongly in the second quarter of 2009, with over 1GW of PV shipments. However, for the first six months of 2009, shipments were down 34% compared to the same period last year. The collapse of the Spanish market was at the root of the decline, the market research firm said.

“Although shipments were sequentially up by more than 80% in Q2, year-to-date sales and shipments are still considerably down on 2008, commented Ash Sharma, Research Director at IMS Research “In addition, the PV market is strongly seasonal, and Q2 is typically much stronger than Q1. However, in 2007 and 2008, Q2’s sequential growth was somewhat lower, at 75% and 57% respectively.”

This article requires Premium SubscriptionBasic (FREE) Subscription

Try Premium for just $1

  • Full premium access for the first month at only $1
  • Converts to an annual rate after 30 days unless cancelled
  • Cancel anytime during the trial period

Premium Benefits

  • Expert industry analysis and interviews
  • Digital access to PV Tech Power journal
  • Exclusive event discounts

Or get the full Premium subscription right away

Or continue reading this article for free

However, Sharma is still forecasting that new PV installations will be 25% down on 2008, with approximately 4.5GW installed.

Read Next

October 15, 2025
Independent power producer (IPP) Geronimo has begun construction on it’s150MW solar project in Illinois and commissioned the 125MW PV project in Michigan.
October 15, 2025
Ciel & Terre has launched a new floating PV structure designed to address the increasingly large scale of floating solar projects.
October 15, 2025
Indian module manufacturer Saatvik Green Energy, through its subsidiary Saatvik Solar Industries, has secured solar PV module orders worth INR6.89 billion (US$78 million).
October 15, 2025
The Australian government has approved the 141MW Forbes Solar Farm Project in New South Wales in just 19 days, marking one of the fastest environmental approvals on record in the country.
October 15, 2025
Australia has opened registrations for Capacity Investment Scheme (CIS) Tender 7, which targets 5GW of renewable energy generation capacity across the National Electricity Market (NEM).
October 14, 2025
The curtailment of solar PV and wind capacity in Chile has reached 3.2TWh as of August 2025, a slight increase from the same period in 2024.

Subscribe to Newsletter

Upcoming Events

Solar Media Events
October 21, 2025
New York, USA
Solar Media Events
November 25, 2025
Warsaw, Poland
Solar Media Events
December 2, 2025
Málaga, Spain
Solar Media Events
February 3, 2026
London, UK