The industry continues to face a serious threat of overcapacity.
San Francisco, CA (PRWEB) May 19, 2013
The Solar Panel Manufacturing industry in China has been developing quickly. In the five years through 2013, industry revenue has been growing at an annualized rate of 40.9% to total $86.79 billion. During the same period, Chinese solar cell output has been increasing 56.2% per year, with an estimated output of 16.5 giga-watts (GW) in 2013.
In 2011 and 2012, the industry faced the double-problem of excess production capacity and weak demand from Europe due to its sovereign debt crisis, which forced the government to issue a policy to limit production expansion. Industry revenue is forecast to increase much more slowly going forward, as overcapacity will continue to be a serious problem. To maintain some profitability, Chinese enterprises will have to pay more attention to research and development to reduce production costs and develop new products with higher conversion efficiency rates. Enterprises will also introduce more automated and intelligent production equipment. In particular, silicon wafers will become more efficient and thin.
The Solar Panel Manufacturing industry in China is in the growth phase of its life cycle, and new enterprises are continually entering this industry. The combined revenue of the top four players – Suntech Power, LDK Solar, Trina Solar, and Canadian Solar – is expected to account for 16.2% of industry revenue.
For more information, visit the Solar Panel Manufacturing in China industry report page.
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IBISWorld Industry Report Key Topics
Companies in the Solar Panel Manufacturing industry manufacture solar panels and intermediate products that are necessary for manufacturing solar panels.
Key External Drivers
Industry Life Cycle
Products & Markets
Products & Services
Globalization & Trade
Market Share Concentration
Key Success Factors
Cost Structure Benchmarks
Barriers to Entry
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