Join each day information updates from CleanTechnica on e mail. Or observe us on Google Information!
Bernreuter Analysis: Low module value will gasoline demand within the second half of the yr
Würzburg, Germany — World photovoltaic (PV) installations will land in a spread of 600 to 660 gigawatts-direct present (GWdc) in 2024, in keeping with the most recent evaluation from polysilicon market knowledgeable Bernreuter Analysis. “Once market participants come to the conclusion that the crash of the solar module price has reached its bottom, demand will accelerate,” says Johannes Bernreuter, Head of Bernreuter Analysis and creator of the Polysilicon Market Outlook 2027 report.
High 6 photo voltaic module suppliers purpose for 40% progress price
Bernreuter’s new forecast is supported by the cargo targets of the world’s high six photo voltaic module suppliers for 2024. On common, Jinko, Longi, Trina, JA Photo voltaic, Tongwei and Canadian Photo voltaic purpose for a progress price of 40%. Based mostly on international PV installations of 444 GWdc in 2023, this price would end in a newly put in capability of 622 GWdc in 2024.
“Even if the leading players gain market share as Tier-2 and Tier-3 manufacturers struggle in the current low-price environment, it is likely that new PV installations will exceed 600 GWdc this year,” says Bernreuter. After many of the high six suppliers remained behind their cargo objectives in 2023, the analyst assumes that they’ve been extra cautious with their targets for 2024, which leaves room for upside potential.
Indicators on the provision aspect level to a spread of 630 GWdc to 660 GWdc
“On the supply side, all indicators point to the upper half of our forecast range,” explains Bernreuter. “I am optimistic that demand will catch up in the second half of the year, fueled by the record-low module price level.”
World PV installations of 630 GWdc to 660 GWdc would even high the excessive state of affairs of 620 GWdc featured in Bernreuter’s Polysilicon Market Outlook 2027 report. “Our new analysis confirms the more aggressive forecast approach we have adopted in the report,” concludes Bernreuter. “With a market share of more than 50%, China will continue to drive global PV installations forward.”
About Bernreuter Analysis — Bernreuter Analysis was based in 2008 by Johannes Bernreuter, one of the respected photovoltaic journalists in Germany, to publish international polysilicon market studies. As early as 2001, Bernreuter authored his first evaluation of an upcoming polysilicon bottleneck and new manufacturing processes. Since publishing its first report in 2010, Bernreuter Analysis has gained a popularity for offering essentially the most complete and correct polysilicon studies available on the market.
Obtain as PDF.
Press launch from Bernreuter Analysis.
Have a tip for CleanTechnica? Need to promote? Need to counsel a visitor for our CleanTech Discuss podcast? Contact us right here.
Newest CleanTechnica.TV Movies
CleanTechnica makes use of affiliate hyperlinks. See our coverage right here.