Global Sources
EE Times-Asia
Stay in touch with EE Times Asia
EE Times-Asia > Power/Alternative Energy
Power/Alternative Energy??

Solar PV installation hits 6.43GW record in 2009

Posted: 22 Mar 2010 ?? ?Print Version ?Bookmark and Share

Keywords:solar cell? photovoltaic? PV installation?

Major PV markets by country in 2009

Solar photovoltaic installations has achieved record high of 6.43GW in 2009a 6 percent y-on-y growth, according to the latest Marketbuzz 2010 Report from Solarbuzz, an international solar energy market research and consulting company, and a division of The NPD Group. In addition, the company reported that the PV industry generated $38 billion in global revenues in 2009, while successfully raising more than $13.5 billion in equity and debt, up 8 percent on the prior year.

According to the company's Marketbuzz 2010 Report, European countries accounted for 4.75GW, or 74 percent of world demand in 2009. The top three countries in Europe were Germany, Italy and Czech Republic, which collectively accounted for 4.07GW. All three countries experienced soaring demand with Italy becoming the second largest market in the world. In contrast, Spain demand in 2009 collapsed to just 4 percent of its prior year level. The third largest market in the world was the United States, which grew 36 percent to 485MW. Following closely behind was a rejuvenated Japan, ranked fourth and growing 109 percent y-on-y.

Worldwide solar cell production reached a consolidated figure of 9.34GW in 2009, up from 6.85GW a year earlier, with thin film production accounting for 18 percent of that total. China and Taiwan production continued to build share and now accounts for 49 percent of global cell production. Of total European demand, net cell imports accounted for 74 percent of the total.

The top seven polysilicon manufacturers had 114,500 tons per annum of capacity in 2009, up 92 percent y-on-y, while the top eight wafer manufacturers accounted for 32.9 percent of global wafer capacity in 2009.

Solar cell production exceeding the market demand caused the weighted crystalline silicon module price average for 2009 to crash 38 percent from the prior year level. This reduction in crystalline silicon prices also had the effect of eroding their percentage premium to thin film factory gate pricing.

Looking forward, the industry will return to high growth in 2010 and over the next five years. Even in the slowest growth scenario, the global market will be 2.5x its current size by 2014. Using the fastest growth forecast, annual industry revenues would approach $100 billion by 2014.

"Industry performance in 2009 was remarkable in that it managed to more than fully replace the 2.3GW demand gap caused by the change in policy in Spain," remarked Craig Stevens, president of Solarbuzz. "Looking forward, the industry will see a return to high growth, but in a low margin environment. Our analysis demonstrates that a wide range of start-up markets will help offset a slowdown in German demand in the second half of 2010."

Article Comments - Solar PV installation hits 6.43GW re...
*? You can enter [0] more charecters.
*Verify code:


Visit Asia Webinars to learn about the latest in technology and get practical design tips.

Back to Top