In the third quarter of 2010, global PV demand was 4GW, an increase of 107% over the same period of last year. Compared with the same period of last year, the industry’s operating income increased by 74%, compared with 17.9 billion US dollars in the same period of last year.
According to SolarBuzz's data, the total PV installed capacity in the first nine months of 2010 was 10.6 GW, which means that the industry's performance is better and may record a record. This also means that the forecast data for the whole year of 2010 will be raised to 16.3GW, which is an increase of 117% compared with 2009.
The report shows that in the third quarter of 2010, Chinese companies' photovoltaic cell production accounted for 51% of the global share, which is higher than the 47% share of the same period last year. Among the top 12 photovoltaic cell manufacturers in the world, photovoltaic cell manufacturers in China and Taiwan occupy 8 seats.
In solar cell shipments in the third quarter of 2010, China's JA Solar took up 8% of the market share, ranking first, followed by Suntech Power and the United States’ first solar company.
At the same time, the report shows that the installed capacity of 20.4 GW in the global PV market in 2011 will indicate that the growth rate will drop by 25% compared with the previous year. This is due to a change in policy in Germany and the Czech Republic, which will begin to affect the market in early 2011.
According to Solarbuzz, the sharp drop in prices in 2009 laid the foundation for a sharp increase in 2010. However, in 2011, manufacturers have more expansion plans and shipment growth plans. Unless there are more stimulative policies in important global markets to maintain strong growth in the market next year, this may cause prices to fall.
Demand for photovoltaic cells is expected to increase to 20.4 GW in 2011
According to a report from SolarBuzz, the demand for solar photovoltaic cells in 2011 is expected to increase to 20.4 GW, due to the better performance in the third quarter of 2010, thus increasing the demand forecast for 2010 as a whole.