China Accounted for 33 Percent of PV Market During Q4 2012
Clean Edge News
The Chinese end-market dominated shipments of solar photovoltaic panels during the final quarter of 2012 with 33% of global end-market demand, according to new research released by NPD Solarbuzz.
“Just two years ago, the Chinese end-market was less than 10% of global PV demand,” stated Michael Barker, Senior Analyst at NPD Solarbuzz. “However, during Q4’12, a third of all global PV panel shipments ended up in China. This is the start of a new chapter for the solar industry, with China potentially taking center stage in both the upstream and downstream channels.”
Several factors are contributing to China’s rise, including slowing growth in Europe with declining PV incentives and strong domestic policies within China that were designed to assist domestic Chinese manufacturers.
Global solar PV demand increased to 8.3 GW during Q4’12, providing the characteristic year-end surge that PV suppliers have come to expect. However, the shift during 2012 in year-end demand from Europe to China has presented a new set of challenges for the PV industry. According to Barker, “The Chinese end-market has different module supplier preferences, pricing expectations, and routes to market. However, threatened by the impact of global trade barriers, the biggest challenge will fall on Chinese manufacturers that are restricted to domestic demand only.”