PV majors see bumper 2014
Annual global shipments of PV modules could jump more than 30% and end-market demand could near 50GW this year if the world’s top 20 panel suppliers achieve their expected growth rates, it is claimed.
Chinese manufacturers such as Canadian Solar, Trina Solar, Jinko Solar and ReneSola expect significant shipment growth in 2014, with the upper end of guidance surpassing 40%, according to data from NPD Solarbuzz.
Yingli Green Energy leads the pack in its bullish outlook for shipments this year, with the upper end of its guidance set at 4.2GW.
Blistering growth in Japan’s solar market is playing a key role in ratcheting up demand. Kyocera and Sharp, for example, each expect shipments to jump roughly 15% this year, mainly due to growth in their home markets, NPD Solarbuzz said.
The fortunes of the world’s top 20 solar panel makers offer insight into pricing and sector growth because they account for roughly two-thirds of total international shipments, said NPD Solarbuzz senior analyst Ray Lian in an online statement.
Lian said that the global industry’s leaders are also expected to post fatter profit margins this year as they reduce manufacturing costs and slash spending on new factories.