SolarBuzz: PV-Supply/Demand to be balance restored to second half of 2012
Santa Clara, USA - The leading metrics influencing PV industry supply and demand (module production, supply and market-demand) are forecast to come to within 8% of the second-half market demand of 17.2 GW, according to recent findings in the latest NPD Solarbuzz Quarterly report.
This follows two years of turbulent over-capacity, over-supply, and inventory build in both the upstream and downstream segments of the value-chain. According to Michael Barker, Analyst at NPD Solarbuzz, “The PV industry has been suffering from a significant imbalance between supply and demand for over 18 months, causing severe price erosion and reducing corporate margins. However, confidence in strong market demand during 2H’12, together with prudent capacity utilization, will provide PV market leaders with increased visibility ahead of 2013 strategic planning.”
Global PV demand for 2012 is forecast to exceed 30 GW (up 8% Y/Y), driven by strong Q4’12 pull from emerging Asia Pacific regions, in particular China. With a 2H’12 demand of over 5 GW, the growth of the domestic Chinese market will provide welcome relief for Chinese c-Si manufacturers, more than offsetting any impacts from the recent US Department of Commerce (DoC) ruling or potential ‘anti-dumping’ filings within Europe, says SolarBuzz.