In the report, issued by Lux Researchs Solar System Intelligence and Solar Components Intelligence teams, the analysts note that the whole industry is on the way to a prompt recovery and a number of early movers have already made strategic moves into key areas like system deployment or balance of systems technologies for the resurgence.
The total module capacity will be brought down to 58 GW in two years time, thanks to the bankruptcies of uncompetitive players and a healthy capacity expansion carried out under financial constraints. The growth of emerging markets like China will raise the global demand from 31 GW in 2012 to 52 GW in 2015. Meanwhile, the module glut will be reduced from 100% in 2012 to 12%.
The report also reveals that companies like BASF and Johnson Controls have already got themselves prepared for the coming pickup by leveraging existing technologies or market platforms. ABBs purchase of Power-One was also given as an example for the growing interest in acquisitions. Lux Research highlights that due to the increased number of partnerships and acquisitions, the cost of entry will be driven up.
Commenting on the future moves of the stakeholders, the report says the surviving stakeholders will invest in technologies to ensure efficient production and the long-term health of the companies. The fields of investment will include the advanced crystalline silicon cell technologies, hybrid photovoltaic/thermal cogeneration systems and the coating technologies for high class modules.
This content is protected by copyright and may not be reused. If you want to cooperate with us and would like to reuse some of our content, please contact: editors@pv-magazine.com.
By submitting this form you agree to pv magazine using your data for the purposes of publishing your comment.
Your personal data will only be disclosed or otherwise transmitted to third parties for the purposes of spam filtering or if this is necessary for technical maintenance of the website. Any other transfer to third parties will not take place unless this is justified on the basis of applicable data protection regulations or if pv magazine is legally obliged to do so.
You may revoke this consent at any time with effect for the future, in which case your personal data will be deleted immediately. Otherwise, your data will be deleted if pv magazine has processed your request or the purpose of data storage is fulfilled.
Further information on data privacy can be found in our Data Protection Policy.