On the back of decreasing photovoltaic module inventories, IHS has forecast that module production will increase by 18% in 2013 to reach over 37 GW. This is in comparison to growth of just 8% from 2011 to 2012, or 31.6 GW; 31% from 2010 to 2011; and 104% from 2009 to 2010.
In its IHS Solar Integrated PV Market Tracker Q1 ’13, the research company further believes that the original equipment manufacturer (OEM) sector will grow "at an above-average rate," as suppliers seek to reduce costs. In 2012, IHS reports, OEM shipments increased by 51%, in comparison to total shipment growth of 21%.
"By working with an experienced contract-manufacturing partner, companies can cut costs by 10 to 15 percent," commented Jon-Frederick Campos, solar financial analyst at IHS. He added, "Contract manufacturing can help to optimize the supply chain and solve many of the production problems with which PV suppliers are struggling."
PV module producers
IHS has additionally published the top ten photovoltaic module suppliers by production (see table below). As in its module rankings by merchant shipments China-based Yingli Green Energy tops the charts, with production reaching 1.95 GW in 2012. It is followed by U.S. thin film manufacturer First Solar at 1.9 GW and Chinas Trina Solar at 1.7 GW.
Yingli Green Energy Holdings Co. Ltd
First Solar Inc.
Trina Solar Limited
Suntech Power Holdings Co. Ltd
Canadian Solar Inc.
JA Solar Holdings Co. Ltd
Flextronics International Ltd
JinkoSolar Holding Co. Ltd
Hanwha SolarOne Co. Ltd