TAIPEI: Global PV demand continues to soar in 2010. Current projections are that this year’s demand will be double the rate of installations that took place last year. According to a report from research firm Solarbuzz, the market size for 2010 is expected to reach 15.2GW compared with a revised 7.5GW for 2009.
The last three quarters of the current year are expected to generate 12.7GW, a rise that is driven by strong growth across Europe, the US, Japan, China as well as growth in demand from a range of smaller start-up markets.
There is substantial market volatility in the demand from the German market in quarterly performances during 2010. This is a reflection of the fact that the uncertainty of policy adjustments in the country, expected to happen in July 2010 and January 2011, were taken into account while the projections were made. Currently the prospects are of an 8GW market size in Germany, after taking into account the potential drop-off in demand in the third quarter.
Sources point out that the fact that the PV industry is going strong is a sign that consumers respond positively to supportive government policies. And that this growth in demand seems to be in direct response to the substantial cuts in price levels afforded by lower manufacturing costs. Global industry revenues have revealed a drop of 40 per cent sequentially (to just over US$12 billion) in the first quarter, which was nearly four times the level of a year earlier