NEW YORK, Sept. 18, 2012 /PRNewswire/ -- Reportlinker.com announces that a new market research report is available in its catalogue:
Global Markets and Technologies for Photovoltaic Systemshttp://www.reportlinker.com/p0969861/Global-Markets-and-Technologies-for-Photovoltaic-Systems.html#utm_source=prnewswire&utm_medium=pr&utm_campaign=Solar_Photovoltaic
Use this report to:
l Receive information on the current status of the global market for photovoltaics.l Learn about the PV industry on a global basis, including manufacturing capacity and consumption by various regional markets.l Learn more about market impact from sources such as the surge in global demand for energy, incentives for solar sales and installations, and declining costs of photovoltaics.l Assess growth potential over the next five years and the future direction of the PV market.
Highlights
- Global revenues from solar cells and modules totaled nearly $38.7 billion in 2011 and should decline to $28.6 billion in 2012. Total revenues are expected to reach $78.1 billion in 2017after increasing at a five-year compound annual growth rate (CAGR) of 22.3%.- Europe holds the largest share of the market and should increase from nearly $16.7 billion in 2012 to $35.1 billion in 2017, a CAGR of 16.1%.- Asia is expected to increase from nearly $8 billion in 2012 to $27 billion in 2017, a CAGR of27.6%.
Introduction & Scope
BCC Research's goal in conducting this study was to determine the current status of the global market for photovoltaics (PV) and then to assess its growth potential over a five-year period from 2012 to 2017. We last studied this industry in 2010 and were particularly interested in the impact on the market of the surging global demand forenergy, improvements in solar PV technology, declining costs of photovoltaics and the impact of climate change on renewable energy sources.We were also interested in the impact of incentives on solar sales and installations.Our key objective was to present a comprehensive analysis of the current market for PV and its future direction.
BCC Research also wanted to further investigate the niche concentrated photovoltaic
(CPV) market due to its strong showing in the U.S. market, in part to see if its American
success would be replicated elsewhere.
We also wished to examine the progress of the building integrated photovoltaics (BIPV)market, which we last looked at in January of 2011. This is justified due to the veryhigh CAGR percentage we assigned to growth through 2016 and assumptions we madeabout the recovery of construction following the protracted financial recession startingin 2008.
REASONS FOR DOING THIS STUDY
Modern PV technology dates back to the 1950s and the advent of the space program inthe 1960s, but the concerted effort to develop this technology for industry andconsumer use began during the oil embargoes of the 1970s. However, the eventualstabilization of oil prices had a dampening effect on investment, tax credits andgovernment funding for research and development.
Companies in the PV business have focused on reaching grid parity—where electricity
generated by solar power is equal to or below the cost of electricity from competing
sources—as a way to broaden the scope of PV. Nations and individual states began to
offer serious incentives such as tariffs and tax credits for solar customers.
Consequently, we were interested in looking at this industry once again to chart its
potential.
Since 1978, the installed cost of solar electricity has charted a downward path stronglyreminiscent of declines in the cost/performance ratios found for computer memory andMIPS (million instructions per second, a common metric for performance in thecomputer industry). From $5/kwh in 1978, the cost of electricity generated by solarpower has dropped to $0.20/kwh in 2010. A simple extension of this curve would bringthe cost of electricity delivered by solar sources to parity with other generating sourcesby 2015. Although few believe the performance of solar power improvements canmatch the dramatic improvements in computer technology, it has only to continue forthree more years to make an impact on the marketplace. A lot is riding on theshort-term performance of solar power and many are keenly interested in the results.
INTENDED AUDIENCE
In this PV study, we present current and emerging technologies, details of the industrystructure (e.g., the leading players in equipment and materials) and analyze thecompetitive environment, major applications, current and future markets, growthfactors and details of cells and modules shipments for 2011, 2012 and 2017. Thisstudy will be of interest to those who manufacture solar cells, modules, inverters,racking mounts, tracking systems, polysilicon and interconnection materials, as well asthose involved in the sale and distribution of concentrated photovoltaic systems andbuilding integrated photovoltaic systems. It will also be of interest to those companiesengaged in nanotechnology and materials for flexible substrates.
In addition, utility companies, construction firms, regulators, legislators and policy
advocates will find its contents to be of value.
Not covered in this report are subsectors that are unquestionably a part of solar powerbut do not use photovoltaics, such as concentrating solar thermal systems, solar waterheaters and the like.
SCOPE OF REPORT
The scope of this study encompasses the major PV technologies: monocrystallinesilicon, multicrystalline silicon, thin films (e.g., amorphous silicon, cadmium telluride,copper indium diselenide), compound semiconductor materials (e.g., gallium arsenide)and emerging approaches such as nanostructured films, dye- sensitized solar cells andorganic technologies. BCC Research analyzes each technology, examines its currentand potential efficiency, assesses the current market status of each, examines itsfuture market impact and presents shipments of PV cells and their values for 2011,2012 and 2017.
Various technical issues are discussed and a thorough economic analysis of each
technology and its impact on future growth is presented. We also look at polysilicon,
building integrated photovoltaic markets (BIPV) and concentrated photovoltaics (CPV)
at a higher level with the goal of helping readers understand their relationship to the
PV market.
In this report, we analyze the PV industry on a global basis, including manufacturingcapacity and consumption by various regional markets. We examine governmentfunding and support, industry involvement, standards, the environmental impact ofsolar energy and the impact of incentives to use PV. We also discuss the potential forapplications—both grid-connected and standalone. Projections of cell and moduleshipments by major applications are also presented for the five years covered in our
METHODOLOGY
Both primary and secondary research methodologies were used in preparing thisstudy. BCC Research presents an analysis for each PV technology of the number ofcells, measured in megawatts, shipped in 2011. Our estimated values are whatmanufacturers have paid in undepreciated dollars. Then, based on our interviews, weanalyze the potential for each technology and forecast shipments for 2012 and 2017.We also analyze the cost of manufacturing the cells and modules and present anestimated value of shipments over the forecast period. We do the same analysis forkey materials used in PV technology.This report covers the broader manufacturing of photovoltaic solar cells and modulesas well concentrated photovoltaic power (CPV). In addition, we also look at buildingintegrated photovoltaics (BIPV), at polysilicon, the feedstock for PV, as well as thecomponents comprising the balance of systems (BOS) for solar systems.Depth of coverage is not uniform. PV manufacturing will be covered in depth, BIPV andCPV from a broader perspective and polysilicon and BOS in enough detail to show theireffects on market conditions and dynamics.We look at these sectors globally and segment them into North American, European,Asian and Emerging Country regional markets.
INFORMATION SOURCES
BCC Research surveyed approximately 23 companies to obtain data for this study.Included were manufacturers of PV cells and modules, arrays and supportingequipment, as well as manufacturers of PV-related materials such as silicon and glass.We also spoke with companies developing solar cells based on thin films anddevelopers of concentrated photovoltaic and building integrated photovoltaic systems.We also compiled data from current financial and trade information and governmentsources.
ANALYST'S CREDENTIALS
Thomas Fuller has been a market research analyst for 16 years and has publishednumerous reports on technology products and market issues, including several recentreports for BCC Research. Fuller has broad experience in covering regulatory andconsumer issues. He is the author of a book on climate change, and his work onbibliometrics is frequently cited in books and magazines.
TABLE OF CONTENTSREASONS FOR DOING THIS STUDY 1
INTENDED AUDIENCE 1
SCOPE OF REPORT 2
METHODOLOGY 2
INFORMATION SOURCES 3
ANALYST'S CREDENTIALS 3
RELATED BCC REPORTS 3
BCC ONLINE SERVICES 3
DISCLAIMER 4
CHAPTER 2 SUMMARY 6SUMMARY TABLE GLOBAL MARKET FOR SOLAR CELL AND MODULE REVENUES, BYREGION, THROUGH 2017 ($ MILLIONS) 6SUMMARY FIGURE GLOBAL MARKET FOR SOLAR CELL AND MODULE REVENUES BYREGION, 2012 AND 2017 ($ MILLIONS) 7DISCUSSION 7CONCENTRATED PHOTOVOLTAICS (CPV) 9BUILDING INTEGRATED PHOTOVOLTAICS (BIPV) 9POLYSILICON 10BALANCE OF SYSTEMS (BOS) 10Inverters 11Rack mounting systems 11CHAPTER 3 OVERVIEW 13PHOTOVOLTAIC CELLS AND MODULES 13BACKGROUND 13State of the Sector 13INDUSTRY VIEWS 15CONCENTRATED PHOTOVOLTAICS (CPV) 15BUILDING INTEGRATED PHOTOVOLTAICS (BIPV) 17POLYSILICON 19BALANCE OF SYSTEMS 19RACK MOUNTS 20CHAPTER 4 GLOBAL PHOTOVOLTAIC MARKET 23SOLAR CELLS AND MODULE SHIPMENTS 23TABLE 1 GLOBAL PHOTOVOLTAIC MARKET, MODULE SHIPMENTS AND VALUES, THROUGH2017 ($ MILLIONS/MEGAWATTS) 23FIGURE 1 GLOBAL PHOTOVOLTAIC MARKET, MODULE SHIPMENTS AND REVENUES2011-2017 ($ MILLIONS/MEGAWATTS) 23CAPACITY UTILIZATION 24TABLE 2 CAPACITY AND UTILIZATION FIGURES FOR THE PV MODULE MANUFACTURINGSECTOR AT A GLANCE, 2011 (MW) 25SOLAR INSTALLATION: TOP 10 COUNTRIES 25TABLE 3 TOP 10 COUNTRIES FOR SOLAR INSTALLATIONS, 2011 (MEGAWATTS/%) 25FIGURE 2 TOP 10 COUNTRIES FOR SOLAR INSTALLATIONS, 2011 (MEGAWATTS) 26FUTURE DEVELOPMENTS 27SUBSIDIES 27IMPACT OF NONSOLAR FACTORS ON THE GLOBAL MARKETPLACE 28Increasing Availability of Natural Gas 28The Drive for Grid Parity 29SOLAR EXPENDITURE IN PERSPECTIVE 30THE MANUFACTURERS' STORY 31TABLE 4 GLOBAL MANUFACTURER PERFORMANCE AND PROFITABILITY, SELECTEDCOMPANIES, 2009-2011 ($ MILLIONS/MEGAWATTS SHIPPED) 32Company Failures and Underperformance 33TABLE 5 LIST OF SOLAR COMPANY FAILURES, 2011 AND 2012 33DIFFICULTIES EXIST IN BIPV, CPV AND POLYSILICON 34GLOBAL MARKET FOR CONCENTRATED PHOTOVOLTAICS (CPV) 35TABLE 6 GLOBAL CONCENTRATED PHOTOVOLTAIC (CPV) MARKET, MODULE SHIPMENTSAND VALUES, THROUGH 2017 ($ MILLIONS/MEGAWATTS) 35FIGURE 3 GLOBAL CONCENTRATED PHOTOVOLTAIC (CPV) MARKET, MODULE SHIPMENTSAND VALUES, 2011-2017 ($ MILLIONS/MEGAWATTS) 35TABLE 7 GLOBAL CPV MARKET 36FIGURE 4 GLOBAL CPV MARKET (TOTAL MW) 36Changing of the Guard 37TABLE 8 MARKET SHARE BY MW, CONCENTRATED PHOTOVOLTAIC POWER 37GLOBAL MARKET FOR BUILDING INTEGRATED PHOTOVOLTAICS (BIPV) 37TABLE 9 GLOBAL BUILDING INTEGRATED PHOTOVOLTAIC MARKET, MODULE SHIPMENTSAND VALUES, THROUGH 2017 ($ MILLIONS/MEGAWATTS) 38FIGURE 5 GLOBAL BUILDING INTEGRATED PHOTOVOLTAIC MARKET, MODULE SHIPMENTSAND VALUES, 2011-2017 ($ MILLIONS/MEGAWATTS) 38Leading Markets and Market Leaders 38TABLE 10 GLOBAL BIPV MARKET BY SEGMENT, 2011 (MW/%) 39FIGURE 6 SEGMENT BREAKDOWN OF GLOBAL BIPV MARKET 2011 (MW) 39TABLE 11 GLOBAL BUILDING INTEGRATED PHOTOVOLTAIC MARKET, MODULE SHIPMENTSAND VALUES, THROUGH 2017 ($ MILLIONS,/MEGAWATTS) 40TABLE 12 BUILDING INTEGRATED PHOTOVOLTAICS BY REGION, 2011 (MEGAWATTS) 40TABLE 13 SELECTED BIPV ROOFING MANUFACTURERS 40Definitional Issues 42The Business Case for BIPV 42SEGMENTATION 43Roofing 43PV Shading, Curtains and Facades 44PV Windows 45Polysilicon 45CHAPTER 5 THE EUROPEAN MARKET FOR PHOTOVOLTAICS, CONCENTRATEDPHOTOVOLTAICS (CPV) AND BUILDING INTEGRATED PHOTOVOLTAICS (BIPV) 47OVERALL MARKET 47TABLE 14 EUROPEAN MARKET FOR SOLAR CELLS AND MODULES, THROUGH 2017 ($MILLIONS) 47FIGURE 7 EUROPEAN MARKET FOR SOLAR CELLS AND MODULES, 2011-2017 ($ MILLIONS) 48TABLE 15 EUROPEAN SOLAR INSTALLATIONS BY COUNTRY, 2010 AND 2011 (MEGAWATTS) 48TABLE 16 RESIDENTIAL ELECTRICITY PRICES IN EUROPE (PRICE PER KILOWATT HOUR INEUROS AND $USD) 49OUTLOOK FOR EUROPE 50TABLE 17 EUROPEAN MARKET FOR SOLAR CELL AND MODULE INSTALLATIONS, BYCOUNTRY, THROUGH 2017 (MEGAWATTS AND CAGR%) 51European Market for Concentrated Photovoltaics (CPV) 51TABLE 18 EUROPEAN CPV MARKET AT A GLANCE 51European Market for Building Integrated Photovoltaics (BIPV) 52TABLE 19 EUROPEAN BUILDING INTEGRATED PHOTOVOLTAICS BREAKDOWN, 2011(MEGAWATTS) 52FIGURE 8 EUROPEAN BUILDING INTEGRATED PHOTOVOLTAICS BREAKDOWN, 2011(MEGAWATTS) 52TABLE 20 EUROPEAN BUILDING INTEGRATED PHOTOVOLTAIC MARKET, MODULESHIPMENTS AND VALUES, THROUGH 2017 ($ MILLIONS, MEGAWATTS) 53GERMANY 53TABLE 21 GERMAN MARKET FOR SOLAR CELL AND MODULE INSTALLATIONS, THROUGH2017 (MEGAWATTS) 54GERMAN MANUFACTURING 54GERMAN INSTALLATIONS 55EXCERPTS OF GERMAN NEWS 55ITALY 56TABLE 22 ITALIAN MARKET FOR SOLAR CELL AND MODULE INSTALLATIONS, THROUGH2017 (MEGAWATTS) 56CONTO ENERGIA 57ITALIAN MANUFACTURING 57ITALIAN INSTALLATIONS 57EXCERPTS OF ITALIAN NEWS 58FRANCE 58TABLE 23 FRENCH MARKET FOR SOLAR CELL AND MODULE INSTALLATIONS, THROUGH2017 (MEGAWATTS) 58FRENCH MANUFACTURING 59FRENCH INSTALLATIONS 59EXCERPTS OF FRENCH NEWS 59UNITED KINGDOM 59TABLE 24 U.K. MARKET FOR SOLAR CELL AND MODULE INSTALLATIONS, THROUGH 2017(MEGAWATTS) 60U.K. MANUFACTURING 60U.K. INSTALLATIONS 60EXCERPTS OF U.K. NEWS 61BELGIUM 61TABLE 25 BELGIAN MARKET FOR SOLAR CELL AND MODULE INSTALLATIONS, THROUGH2017 (MEGAWATTS) 62BELGIAN MANUFACTURING 62BELGIAN INSTALLATIONS 62EXCERPTS OF BELGIAN NEWS 62REST OF EUROPE 62TABLE 26 THE REST OF THE EUROPEAN MARKET FOR SOLAR CELL AND MODULEINSTALLATIONS, THROUGH 2017 (MEGAWATTS) 63MANUFACTURING 63INSTALLATIONS 63NEWS EXCERPTS 64EUROPE'S FINANCIAL CRISIS 64CHAPTER 6 THE NORTH AMERICAN MARKET FOR PHOTOVOLTAIC MODULES,CONCENTRATED PHOTOVOLTAICS AND BUILDING INTEGRATED PHOTOVOLTAICS 68NORTH AMERICAN MARKET 68TABLE 27 NORTH AMERICAN MARKET FOR SOLAR MODULE INSTALLATIONS, BYGEOGRAPHICAL AREA, THROUGH 2017 (MEGAWATTS) 68NORTH AMERICAN MARKET FOR CONCENTRATED PHOTOVOLTAICS (CPV) 68TABLE 28 NORTH AMERICAN CPV MARKET AT A GLANCE 68NORTH AMERICAN MARKET FOR BUILDING INTEGRATED PHOTOVOLTAICS (BIPV) 69TABLE 29 BUILDING INTEGRATED PHOTOVOLTAICS BY PRODUCT SEGMENT, 2011(MEGAWATTS) 69FIGURE 9 BUILDING INTEGRATED PHOTOVOLTAICS BY PRODUCT SEGMENT, 2011(MEGAWATTS) 69TABLE 30 GLOBAL BUILDING INTEGRATED PHOTOVOLTAIC MARKET, MODULE SHIPMENTSAND VALUES, THROUGH 2017 (MEGAWATTS) 70UNITED STATES 70TABLE 31 U.S. PHOTOVOLTAIC MODULE INSTALLATIONS, THROUGH 2017 (MEGAWATTSINSTALLED/$ MILLIONS) 71TABLE 32 U.S. PHOTOVOLTAIC INSTALLATIONS BY MARKET, 2010 AND 2011 (MEGAWATTS) 71U.S. POLYSILICON 71U.S. WAFERS 72U.S. SOLAR CELLS 72U.S. MODULES 72U.S. MARKET FOR CONCENTRATED PHOTOVOLTAICS (CPV) 72U.S. MARKET FOR BUILDING INTEGRATED PHOTOVOLTAICS (BIPV) 73CANADA 73TABLE 33 CANADIAN PHOTOVOLTAIC MODULE INSTALLATIONS, THROUGH 2017(MEGAWATTS INSTALLED/$ MILLIONS) 74MEXICO 74TABLE 34 MEXICAN PHOTOVOLTAIC MODULE INSTALLATIONS, THROUGH 2017(MEGAWATTS INSTALLED/$ MILLIONS) 74MEXICAN MARKET FOR CONCENTRATED PHOTOVOLTAICS 75CHAPTER 7 THE ASIAN MARKET FOR PHOTOVOLTAICS 77ASIAN MARKET 77TABLE 35 ASIAN PHOTOVOLTAIC MODULE INSTALLATIONS, THROUGH 2017(MEGAWATTS/$ MILLIONS) 77TABLE 36 ASIAN MARKET FOR PV MODULE SHIPMENTS BY COUNTRY, THROUGH 2017(MEGAWATTS) 78TABLE 37 ASIAN PV INSTALLATIONS BY COUNTRY AND GLOBAL MARKET SHARE, 2011(MEGAWATTS/%) 78TABLE 38 ASIAN MANUFACTURERS AND GLOBAL MARKET SHARE, 2011 ($MILLIONS/MEGAWATTS/%) 79ASIAN MARKET FOR CONCENTRATED PHOTOVOLTAICS (CPV) 79TABLE 39 ASIAN CPV MARKET AT A GLANCE 79ASIAN MARKET FOR BUILDING INTEGRATED PHOTOVOLTAICS (BIPV) 80TABLE 40 ASIAN BUILDING INTEGRATED PHOTOVOLTAICS BY PRODUCT SEGMENT, 2011(MEGAWATTS) 80FIGURE 10 ASIAN BUILDING INTEGRATED PHOTOVOLTAICS BY PRODUCT SEGMENT, 2011(MEGAWATTS) 80TABLE 41 GLOBAL BUILDING INTEGRATED PHOTOVOLTAIC MARKET, MODULE SHIPMENTSAND VALUES, THROUGH 2017 (MEGAWATTS) 81PEOPLE'S REPUBLIC OF CHINA (PRC) 81TABLE 42 CHINESE MARKET FOR PV MODULE SHIPMENTS, THROUGH 2017 (MEGAWATTS) 82CHINESE POLICY 83CHINESE MODULE MANUFACTURING 83TABLE 43 CHINESE MANUFACTURERS AND GLOBAL MARKET SHARE, 2011 ($MILLIONS/MEGAWATTS) 84CHINESE POLYSILICON INDUSTRY 84BOS 85CHINESE INSTALLATIONS 85EXCERPTS OF CHINESE NEWS 85JAPAN 86TABLE 44 JAPANESE MARKET FOR PV MODULE SHIPMENTS, THROUGH 2017 (MEGAWATTS) 86TABLE 45 JAPANESE MANUFACTURERS AND GLOBAL MARKET SHARE, 2011 ($MILLIONS/MEGAWATTS) 87JAPANESE POLICY 88JAPANESE MANUFACTURING 88JAPANESE INSTALLATIONS 89EXCERPTS OF JAPANESE NEWS 89INDIA 90TABLE 46 INDIAN MARKET FOR PV MODULE SHIPMENTS, THROUGH 2017 (MEGAWATTS) 90INDIAN POLICY 91INDIAN MANUFACTURING 91TABLE 47 INDIAN MODULE MANUFACTURERS REVENUE AND SHIPMENTS, 2011 ($MILLIONS/MEGAWATTS) 92INDIAN POLYSILICON 92INDIAN INSTALLATION 92EXCERPTS OF INDIAN NEWS 93AUSTRALIA 94TABLE 48 AUSTRALIAN MARKET FOR PV MODULE SHIPMENTS, THROUGH 2017(MEGAWATTS) 95AUSTRALIAN POLICY 95AUSTRALIAN MANUFACTURING 95AUSTRALIAN INSTALLATIONS 96REST OF ASIA 96TABLE 49 THE REST OF THE ASIAN MARKET FOR PV MODULE SHIPMENTS, THROUGH 2017(MEGAWATTS) 96SOUTH KOREA 96THAILAND 97OTHER 97EXCERPTS FROM NEWS REPORTS 97CHAPTER 8 THE MARKET FOR PHOTOVOLTAICS IN EMERGING COUNTRIES 99EMERGING COUNTRIES MARKETS 99TABLE 50 THE MARKET FOR PV MODULE SHIPMENTS IN EMERGING COUNTRIES, BYREGION, THROUGH 2017 (MEGAWATTS) 99BACKGROUND 99TABLE 51 SELECTED EMERGING COUNTRIES AT GRID PARITY 100TABLE 52 EMERGING COUNTRIES WITH HIGH PER CAPITA ENERGY CONSUMPTION, 2006 100TABLE 53 EMERGING COUNTRIES WITH LOW PER CAPITA ENERGY CONSUMPTION, 2006(MBTU) 101SMALL SCALE SOLUTION 101RURAL ELECTRIFICATION PROGRAMS 102SOLAR PLANTS THE MORE COMMON MODEL 102MARKETS FOR CONCENTRATED PHOTOVOLTAICS (CPV) IN EMERGING MARKETS 103TABLE 54 THE CPV MARKET IN EMERGING COUNTRIES AT A GLANCE (MW) 103THE MARKET FOR BUILDING INTEGRATED PHOTOVOLTAICS IN EMERGINGCOUNTRIES 103TABLE 55 BUILDING INTEGRATED PHOTOVOLTAICS BY PRODUCT SECTOR, 2011(MEGAWATTS) 103FIGURE 11 BUILDING INTEGRATED PHOTOVOLTAICS BY PRODUCT SECTOR, 2011(MEGAWATTS) 103TABLE 56 GLOBAL BUILDING INTEGRATED PHOTOVOLTAIC MARKET, MODULE SHIPMENTSAND VALUES, THROUGH 2017 (MEGAWATTS) 104MIDDLE EAST AND NORTHERN AFRICA (MENA) 104TABLE 57 MIDDLE EASTERN AND NORTH AFRICAN MARKET FOR PV MODULE SHIPMENTS,THROUGH 2017 (MEGAWATTS) 105TABLE 58 MAJOR PROJECTS ANNOUNCED FOR MIDDLE EAST/NORTH AFRICA 105MEGAPROJECTS 105Desertec 106Masdar 106The Rest of MENA 107LATIN AMERICA 107TABLE 59 LATIN AMERICAN MARKET FOR PV MODULE SHIPMENTS THROUGH 2017(MEGAWATTS) 108SUB-SAHARAN AFRICA 109TABLE 60 SUB-SAHARAN AFRICAN MARKET FOR PV MODULE SHIPMENTS, THROUGH 2017(MEGAWATTS) 109CHAPTER 9 THE ROLE OF GOVERNMENT IN SOLAR POWER 112INTERNATIONAL SUPPORT FOR SOLAR POWER 112BROAD COMMITMENTS TO ENVIRONMENTAL MEASURES 112TABLE 61 ENVIRONMENTAL COMMITMENTS, SELECTED COUNTRIES 112Feed-in Tariffs (FITs) 113TABLE 62 FEED-IN TARIFF RATES, SELECTED JURISDICTIONS 114Renewable Portfolio Standards (RPS) 115Power Purchase Agreement (PPA) 115Production Tax Credits (PTC) 116MULTINATIONAL AND NATIONAL REGULATORS 116UNITED NATIONS ENVIRONMENT PROGRAMME (UNEP) 116DIVISION OF EARLY WARNING AND ASSESSMENT (DEWA) 117DIVISION OF ENVIRONMENTAL POLICY DIVISION OF TECHNOLOGY, INDUSTRYAND ECONOMICS (DTIE) 118DIVISION OF POLICY DEVELOPMENT AND LAW (DPDL) 118DIVISION OF ENVIRONMENTAL POLICY IMPLEMENTATION (DEPI) 119DIVISION OF REGIONAL COOPERATION (DRC) 119DIVISION OF ENVIRONMENTAL CONVENTIONS (DEC) 120UNEP/GEF 120UNEP GOVERNING BODIES 120UNEP PARTNERSHIPS 120UNEP SCIENTIFIC ADVISORY GROUPS 121THE ECOSYSTEM CONSERVATION GROUP (ECG) 121Renewable Energy 122Energy Efficiency 122Transport — Sustainable Mobility 123Global Initiative on Promoting Bus Rapid Transit (BRT) systems 123Alternative fuels 123Roundtable of Sustainable Biofuels (RSB) 123International Resource Panel 123Promoting Vehicles' Energy Efficiency 124Bioenergy 124Intergovernmental Panel on Climate Change (IPCC) 124IPCC Energy 125Development of New Scenarios 125THE ROLE OF GOVERNMENT IN NORTH AMERICAN PV MARKETS 126U.S. 126TABLE 63 RENEWABLE PORTFOLIO STANDARDS AND DEADLINES FOR ACHIEVEMENT 126The Solar America (SAI) Initiative 128ARRA 128CANADA 129Alberta 130British Columbia 130Saskatchewan 131Ontario 131Nova Scotia and Prince Edward Island 132MEXICO 132REGULATION OF BIPV PRODUCTS 133REGULATORY REGIMES PERTINENT TO BIPV PROJECTS 133EUROPE 133ASIA 135Japan 135South Korea 135Malaysia 135Singapore 135China 136India 136Australia 136NORTH AMERICA 137Canada 137United States 137THE ROLE OF THE GOVERNMENT IN THE EUROPEAN MARKET FOR PHOTOVOLTAICS 138CE MARKING 138PV-TRAC 138GERMANY'S NATIONAL PROGRAM 140EUROPEAN PHOTOVOLTAIC INDUSTRY ASSOCIATION 140EUROPEAN COMMISSION 141SMART GRIDS 141EXECUTIVE AGENCY FOR COMPETITIVENESS AND INNOVATION (EACI) 142CHAPTER 10 MERGERS AND ACQUISITIONS 145CHAPTER 11 TECHNOLOGIES COVERED IN THIS REPORT 149PHOTOVOLTAICS 149TABLE 64 MAJOR PHOTOVOLTAIC TECHNOLOGIES 149MODULE TYPES 150TABLE 65 MARKET SHARE, MODULE TYPES, 2011 (%) 151FIGURE 12 MARKET SHARE, MODULE TYPES, 2011 ($ MILLIONS) 151TABLE 66 PRICE COMPARISON BY MODULE TYPE PLUS TREND, 2012 (€/WP/%) 152First Solar and Thin Film Quality 152BALANCE OF SYSTEMS 153Inverters 154Module Frames 154Interconnections 154Encapsulation 154OTHER COSTS 155Permitting 155Installation 156PV Applications 157TABLE 67 KEY APPLICATIONS OF PHOTOVOLTAICS 157CONCENTRATED PHOTOVOLTAICS (CPV) 157BUILDING INTEGRATED PHOTOVOLTAICS (BIPV) 158BIPV Rooftops 159Solar Shingles 159Roof Tiles 159Metal Seam Roofing 160BIPV Glazing 160BIPV Challenges and Component Availability 162Fluctuations in Availability and Price 162A-Si BIPV Challenges and Compatibility 163CdTe BIPV Challenges and Compatibility 163Cigs Challenges and Compatibility 163DSC BIPV Challenges and Compatibility 164OPV BIPV Challenges and Compatibility 164CHAPTER 12 TECHNOLOGY AND INNOVATION 166TECHNOLOGY 166INNOVATION 166SOLAR LEASING 167PURCHASE POWER AGREEMENTS 167PATENTS 167TABLE 68 BIBLIOMETRIC VIEW OF INNOVATION TRENDS IN SOLAR SECTOR, 2009–2012 168TABLE 69 SELECTED OUT-OF-SECTOR COMPANIES AND SOLAR-RELATED PATENTS,2011–2012 168TABLE 70 PATENT ACTIVITY BY SELECTED COMPANIES, 2011–2012 169CHAPTER 13 COMPANY PROFILES 1723S PHOTOVOLTAICS 172AMONIX COMPANY 172NEWS 173ASCENT SOLAR 173NEWS 173CANADIAN SOLAR INC. 174NEWS 174COGENTRIX ENERGY LLC 175NEWS 175CONERGY AG 175NEWS 176COOPER B-LINE 176NEWS 176DAQO NEW ENERGY 177NEWS 177DOW CHEMICAL COMPANY 177NEWS 178DYESOL 178NEWS 179EMCORE 179NEWS 180ENPHASE 180NEWS 180FIRST SOLAR. INC. 181NEWS 181GCL-POLY 182NEWS 182GENERAL ELECTRIC COMPANY 183NEWS 183GUASCOR FOTON 183NEWS 184HANWHA SOLARONE 184NEWS 184HEMLOCK SEMICONDUCTOR CORPORATION 185NEWS 185HILTI CORPORATION 185NEWS 186INDOSOLAR LIMITED 186NEWS 186JA SOLAR PV TECHNOLOGY CO. LTD. 187NEWS 187JINKO SOLAR 188NEWS 188KACO NEW ENERGY GMBH 188NEWS 189KCC CORPORATION 189NEWS 190KYOCERA 190NEWS 191LDK SOLAR 192NEWS 192LUMETA INC 193NEWS 193MAGE SUNOVATION GMBH 193NEWS 194MEMC 194NEWS 194MIASOLE 195NEWS 195MITSUBISHI ELECTRIC CORP 195MOSER BAER SOLAR 196NEWS 196MOTECH INDUSTRIES 196NEWS 197OCI 197NEWS 198ONYX SOLAR ENERGY 198NEWS 199POWER-ONE 199NEWS 199PYTHAGORAS SOLAR 199NEWS 200RENEWABLE ENERGY CORPORATION (REC) 200NEWS 200ST. GOBAIN 201NEWS 201SANYO SOLAR USA (PANASONIC CORPORATION) 202NEWS 203SATCON TECHNOLOGY CORPORATION 203NEWS 203SCHNEIDER ELECTRIC 204NEWS 204SCHOTT SOLAR AG 204NEWS 205SHARP CORPORATION 206NEWS 206SIEMENS 207NEWS 207SILEX SYSTEMS 208NEWS 208SMA SOLAR TECHNOLOGY AG 208NEWS 209SOITEC 209NEWS 210SOLAR CENTURY 210NEWS 210SOLAR FABRIK AG 211NEWS 211SOLAR FRAMEWORKS CO. 211NEWS 212SOLAR FRONTIER 212NEWS 212SOLARWORLD 212NEWS 213SOLFOCUS, INC. 213NEWS 214SUNPOWER CORPORATION 214SUNTECH 214SUNTECH AMERICA 215NEWS 215SUNTRIX 216NEWS 216TATA BP SOLAR 216NEWS 217TOKUYAMA CORPORATION 217NEWS 218TRINA SOLAR LIMITED 218NEWS 219WACKER CHEMIE AG 220NEWS 220XUNLIGHT CORPORATION 221NEWS 221YINGLI SOLAR 221NEWS 222
LIST OF TABLES
SUMMARY TABLE GLOBAL MARKET FOR SOLAR CELL AND MODULE REVENUES, BY REGION,THROUGH 2017 ($ MILLIONS) 6TABLE 1 GLOBAL PHOTOVOLTAIC MARKET, MODULE SHIPMENTS AND VALUES, THROUGH2017 ($ MILLIONS/MEGAWATTS) 23TABLE 2 CAPACITY AND UTILIZATION FIGURES FOR THE PV MODULE MANUFACTURINGSECTOR AT A GLANCE, 2011 (MW) 25TABLE 3 TOP 10 COUNTRIES FOR SOLAR INSTALLATIONS, 2011 (MEGAWATTS/%) 25TABLE 4 GLOBAL MANUFACTURER PERFORMANCE AND PROFITABILITY, SELECTEDCOMPANIES, 2009-2011 ($ MILLIONS/MEGAWATTS SHIPPED) 32TABLE 5 LIST OF SOLAR COMPANY FAILURES, 2011 AND 2012 33TABLE 6 GLOBAL CONCENTRATED PHOTOVOLTAIC (CPV) MARKET, MODULE SHIPMENTSAND VALUES, THROUGH 2017 ($ MILLIONS/MEGAWATTS) 35TABLE 7 GLOBAL CPV MARKET 36TABLE 8 MARKET SHARE BY MW, CONCENTRATED PHOTOVOLTAIC POWER 37TABLE 9 GLOBAL BUILDING INTEGRATED PHOTOVOLTAIC MARKET, MODULE SHIPMENTSAND VALUES, THROUGH 2017 ($ MILLIONS/MEGAWATTS) 38TABLE 10 GLOBAL BIPV MARKET BY SEGMENT, 2011 (MW/%) 39TABLE 11 GLOBAL BUILDING INTEGRATED PHOTOVOLTAIC MARKET, MODULE SHIPMENTSAND VALUES, THROUGH 2017 ($ MILLIONS,/MEGAWATTS) 40TABLE 12 BUILDING INTEGRATED PHOTOVOLTAICS BY REGION, 2011 (MEGAWATTS) 40TABLE 13 SELECTED BIPV ROOFING MANUFACTURERS 40TABLE 14 EUROPEAN MARKET FOR SOLAR CELLS AND MODULES, THROUGH 2017 ($MILLIONS) 47TABLE 15 EUROPEAN SOLAR INSTALLATIONS BY COUNTRY, 2010 AND 2011 (MEGAWATTS) 48TABLE 16 RESIDENTIAL ELECTRICITY PRICES IN EUROPE (PRICE PER KILOWATT HOUR INEUROS AND $USD) 49TABLE 17 EUROPEAN MARKET FOR SOLAR CELL AND MODULE INSTALLATIONS, BYCOUNTRY, THROUGH 2017 (MEGAWATTS AND CAGR%) 51TABLE 18 EUROPEAN CPV MARKET AT A GLANCE 51TABLE 19 EUROPEAN BUILDING INTEGRATED PHOTOVOLTAICS BREAKDOWN, 2011(MEGAWATTS) 52TABLE 20 EUROPEAN BUILDING INTEGRATED PHOTOVOLTAIC MARKET, MODULESHIPMENTS AND VALUES, THROUGH 2017 ($ MILLIONS, MEGAWATTS) 53TABLE 21 GERMAN MARKET FOR SOLAR CELL AND MODULE INSTALLATIONS, THROUGH2017 (MEGAWATTS) 54TABLE 22 ITALIAN MARKET FOR SOLAR CELL AND MODULE INSTALLATIONS, THROUGH2017 (MEGAWATTS) 56TABLE 23 FRENCH MARKET FOR SOLAR CELL AND MODULE INSTALLATIONS, THROUGH2017 (MEGAWATTS) 58TABLE 24 U.K. MARKET FOR SOLAR CELL AND MODULE INSTALLATIONS, THROUGH 2017(MEGAWATTS) 60TABLE 25 BELGIAN MARKET FOR SOLAR CELL AND MODULE INSTALLATIONS, THROUGH2017 (MEGAWATTS) 62TABLE 26 THE REST OF THE EUROPEAN MARKET FOR SOLAR CELL AND MODULEINSTALLATIONS, THROUGH 2017 (MEGAWATTS) 63TABLE 27 NORTH AMERICAN MARKET FOR SOLAR MODULE INSTALLATIONS, BYGEOGRAPHICAL AREA, THROUGH 2017 (MEGAWATTS) 68TABLE 28 NORTH AMERICAN CPV MARKET AT A GLANCE 68TABLE 29 BUILDING INTEGRATED PHOTOVOLTAICS BY PRODUCT SEGMENT, 2011(MEGAWATTS) 69EGY014H - Global Markets and Technologies for Photovoltaic SystemsCopyright © BCC Research, Wellesley MA USA, Website: www.bccresearch.comTABLE HEADING PAGE NO.TABLE 30 GLOBAL BUILDING INTEGRATED PHOTOVOLTAIC MARKET, MODULE SHIPMENTSAND VALUES, THROUGH 2017 (MEGAWATTS) 70TABLE 31 U.S. PHOTOVOLTAIC MODULE INSTALLATIONS, THROUGH 2017 (MEGAWATTSINSTALLED/$ MILLIONS) 71TABLE 32 U.S. PHOTOVOLTAIC INSTALLATIONS BY MARKET, 2010 AND 2011 (MEGAWATTS) 71TABLE 33 CANADIAN PHOTOVOLTAIC MODULE INSTALLATIONS, THROUGH 2017(MEGAWATTS INSTALLED/$ MILLIONS) 74TABLE 34 MEXICAN PHOTOVOLTAIC MODULE INSTALLATIONS, THROUGH 2017(MEGAWATTS INSTALLED/$ MILLIONS) 74TABLE 35 ASIAN PHOTOVOLTAIC MODULE INSTALLATIONS, THROUGH 2017 (MEGAWATTS/$MILLIONS) 77TABLE 36 ASIAN MARKET FOR PV MODULE SHIPMENTS BY COUNTRY, THROUGH 2017(MEGAWATTS) 78TABLE 37 ASIAN PV INSTALLATIONS BY COUNTRY AND GLOBAL MARKET SHARE, 2011(MEGAWATTS/%) 78TABLE 38 ASIAN MANUFACTURERS AND GLOBAL MARKET SHARE, 2011 ($MILLIONS/MEGAWATTS/%) 79TABLE 39 ASIAN CPV MARKET AT A GLANCE 79TABLE 40 ASIAN BUILDING INTEGRATED PHOTOVOLTAICS BY PRODUCT SEGMENT, 2011(MEGAWATTS) 80TABLE 41 GLOBAL BUILDING INTEGRATED PHOTOVOLTAIC MARKET, MODULE SHIPMENTSAND VALUES, THROUGH 2017 (MEGAWATTS) 81TABLE 42 CHINESE MARKET FOR PV MODULE SHIPMENTS, THROUGH 2017 (MEGAWATTS) 82TABLE 43 CHINESE MANUFACTURERS AND GLOBAL MARKET SHARE, 2011 ($MILLIONS/MEGAWATTS) 84TABLE 44 JAPANESE MARKET FOR PV MODULE SHIPMENTS, THROUGH 2017 (MEGAWATTS) 86TABLE 45 JAPANESE MANUFACTURERS AND GLOBAL MARKET SHARE, 2011 ($MILLIONS/MEGAWATTS) 87TABLE 46 INDIAN MARKET FOR PV MODULE SHIPMENTS, THROUGH 2017 (MEGAWATTS) 90TABLE 47 INDIAN MODULE MANUFACTURERS REVENUE AND SHIPMENTS, 2011 ($MILLIONS/MEGAWATTS) 92TABLE 48 AUSTRALIAN MARKET FOR PV MODULE SHIPMENTS, THROUGH 2017(MEGAWATTS) 95TABLE 49 THE REST OF THE ASIAN MARKET FOR PV MODULE SHIPMENTS, THROUGH 2017(MEGAWATTS) 96TABLE 50 THE MARKET FOR PV MODULE SHIPMENTS IN EMERGING COUNTRIES, BYREGION, THROUGH 2017 (MEGAWATTS) 99TABLE 51 SELECTED EMERGING COUNTRIES AT GRID PARITY 100TABLE 52 EMERGING COUNTRIES WITH HIGH PER CAPITA ENERGY CONSUMPTION, 2006 100TABLE 53 EMERGING COUNTRIES WITH LOW PER CAPITA ENERGY CONSUMPTION, 2006(MBTU) 101TABLE 54 THE CPV MARKET IN EMERGING COUNTRIES AT A GLANCE (MW) 103TABLE 55 BUILDING INTEGRATED PHOTOVOLTAICS BY PRODUCT SECTOR, 2011(MEGAWATTS) 103TABLE 56 GLOBAL BUILDING INTEGRATED PHOTOVOLTAIC MARKET, MODULE SHIPMENTSAND VALUES, THROUGH 2017 (MEGAWATTS) 104TABLE 57 MIDDLE EASTERN AND NORTH AFRICAN MARKET FOR PV MODULE SHIPMENTS,THROUGH 2017 (MEGAWATTS) 105TABLE 58 MAJOR PROJECTS ANNOUNCED FOR MIDDLE EAST/NORTH AFRICA 105TABLE 59 LATIN AMERICAN MARKET FOR PV MODULE SHIPMENTS THROUGH 2017(MEGAWATTS) 108TABLE 60 SUB-SAHARAN AFRICAN MARKET FOR PV MODULE SHIPMENTS, THROUGH 2017(MEGAWATTS) 109TABLE 61 ENVIRONMENTAL COMMITMENTS, SELECTED COUNTRIES 112TABLE 62 FEED-IN TARIFF RATES, SELECTED JURISDICTIONS 114TABLE 63 RENEWABLE PORTFOLIO STANDARDS AND DEADLINES FOR ACHIEVEMENT 126TABLE 64 MAJOR PHOTOVOLTAIC TECHNOLOGIES 149TABLE 65 MARKET SHARE, MODULE TYPES, 2011 (%) 151TABLE 66 PRICE COMPARISON BY MODULE TYPE PLUS TREND, 2012 (€/WP/%) 152TABLE 67 KEY APPLICATIONS OF PHOTOVOLTAICS 157TABLE 68 BIBLIOMETRIC VIEW OF INNOVATION TRENDS IN SOLAR SECTOR, 2009–2012 168TABLE 69 SELECTED OUT-OF-SECTOR COMPANIES AND SOLAR-RELATED PATENTS,2011–2012 168TABLE 70 PATENT ACTIVITY BY SELECTED COMPANIES, 2011–2012 169
LIST OF FIGURES
SUMMARY FIGURE GLOBAL MARKET FOR SOLAR CELL AND MODULE REVENUES BY REGION,2012 AND 2017 ($ MILLIONS) 7FIGURE 1 GLOBAL PHOTOVOLTAIC MARKET, MODULE SHIPMENTS AND REVENUES2011-2017 ($ MILLIONS/MEGAWATTS) 23FIGURE 2 TOP 10 COUNTRIES FOR SOLAR INSTALLATIONS, 2011 (MEGAWATTS) 26FIGURE 3 GLOBAL CONCENTRATED PHOTOVOLTAIC (CPV) MARKET, MODULE SHIPMENTSAND VALUES, 2011-2017 ($ MILLIONS/MEGAWATTS) 35FIGURE 4 GLOBAL CPV MARKET (TOTAL MW) 36FIGURE 5 GLOBAL BUILDING INTEGRATED PHOTOVOLTAIC MARKET, MODULE SHIPMENTSAND VALUES, 2011-2017 ($ MILLIONS/MEGAWATTS) 38FIGURE 6 SEGMENT BREAKDOWN OF GLOBAL BIPV MARKET 2011 (MW) 39FIGURE 7 EUROPEAN MARKET FOR SOLAR CELLS AND MODULES, 2011-2017 ($ MILLIONS) 48FIGURE 8 EUROPEAN BUILDING INTEGRATED PHOTOVOLTAICS BREAKDOWN, 2011(MEGAWATTS) 52FIGURE 9 BUILDING INTEGRATED PHOTOVOLTAICS BY PRODUCT SEGMENT, 2011(MEGAWATTS) 69FIGURE 10 ASIAN BUILDING INTEGRATED PHOTOVOLTAICS BY PRODUCT SEGMENT, 2011(MEGAWATTS) 80FIGURE 11 BUILDING INTEGRATED PHOTOVOLTAICS BY PRODUCT SECTOR, 2011(MEGAWATTS) 103FIGURE 12 MARKET SHARE, MODULE TYPES, 2011 ($ MILLIONS) 151
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