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In the five years through 2012, revenue for the Solar Panel Manufacturing industry in China has been growing at an annualized rate of 56.7% to total $71.6 billion, calculates IBISWorld. During this period, Chinese solar cell output has been increasing 65.4% per year.
San Francisco, CA (PRWEB) January 05, 2013
In the five years through 2012, revenue for the Solar Panel Manufacturing industry in China has been growing at an annualized rate of 56.7% to total $71.6 billion, calculates IBISWorld. During this period, Chinese solar cell output has been increasing 65.4% per year, with an estimated output of 14.8 giga-watts (GW) in 2012.
Since 2011, the industry has faced the double-problem of excess production capacity and weak demand from Europe due to its sovereign debt crisis. As a result, the government was forced to issue a policy to limit production expansion. That year, China also implemented a feed-in-tariff policy, which requires the government to purchase renewable power at above the market rate. As a result, both industry reliance on exports and imports have been falling.
The combined revenue of the top four major players – Suntech Power, LDK Solar, Canadian Solar and Yingli Green Energy – accounts for about 16.1% of industry revenue, which indicates that the industry concentration level is low. The industry concentration level is expected to increase as competition intensifies and mergers and acquisitions become more frequent.
The Chinese market for solar power generation continues to develop. In addition, Chinese manufacturers are going after new emerging markets in Asia. Despite more competition and excess capacity issues, IBISWorld forecasts that the Solar Panel Manufacturing industry will continue to perform strongly over the next five years.
For more information, visit IBISWorld’s Solar Panel Manufacturing in China industry report page.
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IBISWorld Industry Report Key Topics
Companies in the Solar Panel Manufacturing industry in China 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
About IBISWorld Inc.
Recognized as the nation’s most trusted independent source of industry and market research, IBISWorld offers a comprehensive database of unique information and analysis on every US industry. With an extensive online portfolio, valued for its depth and scope, the company equips clients with the insight necessary to make better business decisions. Headquartered in Los Angeles, IBISWorld serves a range of business, professional service and government organizations through more than 10 locations worldwide. For more information, visit http://www.ibisworld.com or call 1-800-330-3772.
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