News Article
PV Passes 4Gw
According to a new report the photovoltaic market passed 4 Gigawatt level in 2008
The capacity of photovoltaic modules (panels) sold in 2008 exceeded 4.9 gigawatts, a nearly 25 percent increase over 2007, according to a report by Electronic Trend Publications. This market is tipped to grow to more than 15 gigawatts in 2013 and to 44 gigawatts by 2023, and be a leading vertical market for product assembly for both OEMs and CMs.
Recent research by ETP on the photovoltaic industry also found:
• The factory cost of producing photovoltaic modules was $9.8 billion in 2008 and will grow to $52 billion in 2023--a compound annual growth rate of 11.8%. This is a very healthy rate of growth given the current market for electronics products.
• Photovoltaic cell producers are looking to outsource module assembly to capable industry suppliers and electronic manufacturing service (EMS) providers. Outsourcing will grow to 4% in 2013 and 25% in 2023, as OEMs attempt to seek a competitive cost advantage.
• China became the largest producer of solar panels in 2008, as a result of aggressive marketing and production as competition in the market increases.
Recent research by ETP on the photovoltaic industry also found:
• The factory cost of producing photovoltaic modules was $9.8 billion in 2008 and will grow to $52 billion in 2023--a compound annual growth rate of 11.8%. This is a very healthy rate of growth given the current market for electronics products.
• Photovoltaic cell producers are looking to outsource module assembly to capable industry suppliers and electronic manufacturing service (EMS) providers. Outsourcing will grow to 4% in 2013 and 25% in 2023, as OEMs attempt to seek a competitive cost advantage.
• China became the largest producer of solar panels in 2008, as a result of aggressive marketing and production as competition in the market increases.
