The world is still combating Covid-19, with Europe now impacted by a second wave of the virus. While the market reported delays for a few projects, the impacts on the PV sector remain unclear. But if the world fails to curb the Covid-19’s spread, governments may be forced to reintroduce strict measures, thereby sapping PV demand. PV InfoLink’s Mars Chang expects module demand to hit 126 GW by the end of this year.
Analysts have observed rising demand amid rumors of stock shortages. Meanwhile, the price of mono cells fell further, although not far enough as far as the big beasts of the PERC module jungle are concerned.
Analysts at PV InfoLink said the number of markets open to new technologies such as half-cut and shingled panels is constantly rising. Australia, Japan, Spain, the UAE and Brazil were cited as the hottest markets for Chinese “special modules”. Total annual production in China for half-cut modules, which are set to increase their market share this year, should reach around 20 GW.
The big manufacturers turned their Chinese new year production efforts to higher efficiency products but order volumes for standard cells fell during India’s peak PV season, according to PV Info Link.
According to the Taiwanese analysts, JA Solar was number two, followed by Hanwha Q-Cells and Trina Solar in joint third. The ten largest module makers met around 70% of demand, with 66 GW of shipments.
Although the investment bank says large manufacturers will suffer from continuing panel price falls, developers will be able to take advantage and experts predict a resurgence in the global market next year.
According to EnergyTrend and PV Info Link, the downward spiral of prices along the PV value chain has come to a halt. Nonetheless, by bringing together the two pieces of recent market analysis, regional and value chain variations can be observed.
That would mean a market increase of around 25% on this year. Demand is predicted to become particularly strong in the second half of the year.
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