You need to upgrade your Flash Player

Log In for Catalogue

Subscribe

Press Releases

PV Manufacturing Equipment Revenues to More Than Halve in 2012 According to IMS Research
Date: 10 November 2011

The market for PV manufacturing equipment will more than halve in 2012 according to the latest quarterly-updated report from IMS Research. Significant decreases in the “new” manufacturing capacity required and limited demand for upgrade or replacement of existing capacity will result in a projected market decline of over 55% in revenues in 2012 from 2011.

In recent years, makers of PV products have invested heavily in new manufacturing equipment and additional capacity in an effort to increase their market share and establish themselves as a credible volume-supplier. Whilst this has fueled the recent boom in the PV equipment market, it has also caused the significant over-capacity for device manufacture that now exists.

Senior Research Analyst Tim Dawson comments: “IMS Research estimates that the PV manufacturing equipment market, after a record year in 2011 ($12.8 billion revenues), will be worth just over $5.7 billion in 2012. Massive over-capacity, coupled with a reduction in demand, has led manufacturers either to postpone or, where possible, cancel orders for new manufacturing equipment, at least in the short term.”

Dawson continues: “Longer term, although a return to growth is inevitable for 2013, a strong V-shaped recovery has not been forecast. The PV manufacturing equipment market will instead steadily recover; as companies look to invest once again in new equipment to remain competitive, improve their production processes, increase cell efficiencies, and reduce the cost per watt associated with the ultimate end product.”

Forecast for PV equipment revenue change

Share this Press Release

Share
Editors Note :
About the PV Manufacturing Equipment Market Report - IMS Research produces detailed studies each year on the global PV manufacturing equipment market. Its studies are the most detailed available providing market size and forecast data for equipment used at every stage of the thin-film and crystalline PV production process.

The company's wealth of knowledge and expertise at other stages of the PV supply chain helps to drive-out the long term forecasts provided within the equipment report.
About IHS Inc. (www.ihs.com)

IHS (NYSE: IHS) is the leading source of information, insight and analytics in critical areas that shape today’s business landscape. Businesses and governments in more than 165 countries around the globe rely on the comprehensive content, expert independent analysis and flexible delivery methods of IHS to make high-impact decisions and develop strategies with speed and confidence. IHS has been in business since 1959 and became a publicly traded company on the New York Stock Exchange in 2005. Headquartered in Englewood, Colorado, USA, IHS employs more than 5,600 people in more than 30 countries around the world.

About IMS Research:
IMS Research is a leading independent supplier of market research and consultancy to the global electronics industry, offering syndicated market studies, bespoke research and consultancy services. The company is one of the most respected commentators in the renewable energy field, with a particular expertise in the PV (solar) market. We currently have nine analysts and a 12-person research team dedicated to researching the PV market. We now offer over 25 reports and cover every aspect of the supply chain from polysilicon supply to PV modules, inverters and PV system integrators.