First Solar and Sharp Delay Chinese Global Domination of Solar PV Industry

by Finlay Colville, Vice President,
August 22, 2013

Chinese solar photovoltaic (PV) manufacturers are now the leading module suppliers to seven of the top 10 geographic regions, based on shipment rankings for the twelve month period ending June, 30 2013.

According to the latest NPD Solarbuzz Module Tracker Quarterly report:

  • Only First Solar (with leading market-share in the U.S. and India) and Sharp (with leading share in Japan) are preventing Chinese suppliers from dominating in all global regions.
  • Up to 2005, Western and Japanese solar manufacturers dominated the supplier rankings lists within the solar PV industry.
  • Chinese Tier 1 suppliers, Yingli, Suntech, Trina, and Canadian Solar hold the leading positions across seven of the 10 key regions.
  • Within China, the largest market for 2013, Chinese suppliers command almost 100% market share. Just three companies, Yingli, Jinko Solar, and Hareon Solar have supplied over one-quarter of the modules to the Chinese market over the past twelve months.
  • Within the emerging regions of Latin America, the Middle East and Africa, and Emerging Asia, there has been strong competition from Western and Japanese suppliers, including Conergy, Sharp, REC Solar, SolarWorld, and Kyocera.
  • Other Chinese Tier 1 suppliers, Jinko Solar, Renesola, JA Solar, and Hanwha SolarOne are seeing increased market share across almost all geographic regions in 2013.

“Many Western PV suppliers are exiting the industry or filing for insolvency. Therefore, the solar industry has now become dependent on the volume of supply from China to move from a 30 GW industry to more than 50 GW over the next two years. This raises further questions over the effectiveness of domestic protectionism measures being considered within most regions or countries today.”

Figure: Solar PV Module Market Leaders in the Ten Key Geographic Regions.

Source: NPD Solarbuzz Module Tracker Quarterly report, July 2013.

 

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