PV on the bounceback, says Lux

Manufacturers will return to profitability in 2015, according to Lux

Manufacturers will return to profitability in 2015, according to Lux

Sunnier times lie ahead for the depressed PV market, according to calculations by Lux Research suggesting that the sector will mushroom to be worth $155bn within five years.

A report from the Boston consultancy forecasts that the sector will expand to 35GW this year before ramping up towards 61.7GW by 2018 - a 10.5% compound annual growth rate (CAGR).

“Manufacturers’ nightmare is turning into a long-term boon for the industry. Record low prices pushed gross margins to near zero or below, but they’ve made solar installations competitive in more markets,” says lead author Ed Cahill.

“Supply and demand will come back into balance in 2015, easing price pressure, returning manufacturers to profitability and restoring the industry to equilibrium.”

Lux used Log in to read complete article.

Become a Recharge subscriber!

Or try our free trial.

Order Subscription

Already a member?

Login


Recharge Monthly Magazine