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Annual Manufacturer Capacity, Production, Shipments Report now available

For Sales information contact Paula Mints at 408-221-1564 or pmints@spvmarketresearch.com


The Photovoltaic Manufacturer Shipments: Capacity, Price and Revenues report provides an analysis of quantitative shipment, capacity, and module price data for the supply side of the terrestrial photovoltaic industry. This report has been published annually since 1975. It focusses on the most recent two years of supply side activity also forecasting the next five years of crystalline and thin film shipments.

1.      Introduction. 8

1.1         Purpose and Scope. 8

Table 1.1 Overview of Photovoltaic Manufacturer Coverage (1) (2) 9

1.2         Methodology. 11

2.      Executive Summary. 12

2.1         Industry Overview and Analysis. 13

Figure 2.1: PV Industry Growth 1976 through 2016. 14

Figure 2.2: PV Industry ASPs and Average Costs 2006-2016. 17

2.2         Cell/Module Manufacturer Shipments. 18

Figure 2.3: PV Industry Metrics 2015. 19

Figure 2.4: PV Manufacturers shipping >3% of Total in 2016. 20

Table 2.1: Regional Shipments 2011 to 2016(1) (2) 21

2.2.1          Regional Shipments. 22

Table 2.2: Regional Manufacturer Shipments* 2001-2016. 22

Figure 2.5: 2016 Global Supply & Global Demand. 23

2.2.2          Shipments by Technology. 24

Figure 2.6: Technology Market Share % 2013, 2014, 2015 and 2016. 24

Figure 2.7: N-Type Monocrystalline Shipments 2015 and 2016. 25

2.3         Revenues. 26

Figure 2.8: PV Cell/Module Revenues and ASPs, 2006-2016. 26

2.4         Average Selling Price (ASP) 27

Table 2.3 PV Industry Cell/Module Revenues, Shipments & ASPs 2006-2016. 27

2.5         Manufacturing Capacity. 28

Figure 2.9: Regional Capacity Shares, 2015, 2016. 30

2.6         Overview of Global Module Assembly Capacity. 31

Figure 2.10: Global Module Assembly Capacity, 2016. 32

2.7         Top Ten Manufacturers 2016. 33

Figure 2.11: Top Ten Photovoltaic Manufacturers 2016. 33

3.      Production, Shipments, Inventory & Revenues, 2015/2016. 34

Figure 3.1: Manufacturer Capacity, Production, Shipments & Inventory, 2011-2016. 35

Table 3.1: 2016 Supply Metrics, Module Assembly Capacity, c-Si Cell/Thin Film.. 36

Capacity, Shipments, Announced Shipments * 36

Table 3.2: 2016 Select Manufacturer Announced Shipments and Actual Shipments1) 37

Figure 3.2: PV Industry Metrics 2016. 38

Figure 3.3: Capacity, Production, Shipments and Inventory for China, Taiwan, 40

South Korea and Japan, 2011 through 2016. 40

3.1         Shipments by Region & Manufacturer 41

Figure 3.4: 2016 Global Supply & Global Demand. 41

Table 3.3: Regional Shipments 2011 to 2016(1) (2) 42

Table 3.4: Manufacturer Shipment Shares by Region, 2001 to 2016 1, 2. 45

Table 3.5: Regional Manufacturer Shipments* 2001-2016. 46

Figure 3.5: Supply/Demand Data for Europe, the US, China and Japan, 2011-2016. 47

Table 3.6: Summary of Regional Positions at the Beginning of 2017. 48

Table 3.6: Summary of Regional Positions at the Beginning of 2017, Continued. 49

Table 3.6: Summary of Regional Positions at the Beginning of 2017, Continued. 50

Table 3.6: Summary of Regional Positions at the Beginning of 2017, Continued. 51

Figure 3.6: 2016 Manufacturer Market Shares by Region. 52

Table 3.7: 2015/2016 Manufacturer Shipments US, Europe, Japan & India1) (2) (3) 54

Table 3.8: 2015/2016 Manufacturer Shipments Taiwan, China and South Korea (1) (2) (3) 55

Table 3.9: 2015/2016 Manufacturer Shipments South East Asia: Singapore, the Philippines, Vietnam, Malaysia and Thailand1) (2) (3) (4) 56

Figure 3.7: PV Manufacturers shipping >3% of Total in 2016. 57

3.2         Shipments by Technology. 58

Figure 3.8: Technology Market Share % 2013, 2014, 2015 and 2016. 58

Figure 3.9: Average Commercial Crystalline Module Efficiency 2006-2016. 59

Figure 3.10: N-Type Monocrystalline Shipments 2015 and 2016. 60

Table 3.10: Technology Market Share % & Growth Rate %* 2006-2016 (MWp) 61

Table 3.11 2016 Shipments US, Europe, Japan and India (MWp) 63

Table 3.12: 2016 Technology Shipments Taiwan, China and South Korea (MWp) (1) (2) 64

Table 3.13: 2016 Technology Shipments South East Asia:   Singapore, Philippines, Vietnam, Malaysia and Thailand (MWp) (1) (2) 65

Table 3.14: U.S., Europe, Japan, Taiwan, China & South Korea Contribution to. 66

Technology Shipments* 2015/2016. 66

Table 3.15: India, Singapore, Philippines, Malaysia, Vietnam and Thailand Contribution to Technology Shipments* 2015/2016. 67

Figure 3.11: Country/Region Technology % Contribution 2016. 68

Figure 3.12: Technology % Contribution 1986-2016. 69

Table 3.16: Shipments by Technology Category, 2006-2016 (MWp)* 70

3.3         Global Cell and Module Revenues 2015-2016. 71

Figure 3.13: PV Cell/Module Revenues and ASPs, 2006-2016. 71

Figure 3.14: PV Cell/Module Revenues and Shipments, 2006 – 2016. 72

Figure 3.15: PV Cell & Module Revenues by Country/Region 2015/2016. 72

Figure 3.16: PV Cell & Module Revenues by Country/Region 2015/2016. 73

Figure 3.17: The US and Europe Cell & Module Revenues 2011 – 2016. 74

Figure 3.18: China and Taiwan Cell & Module Revenues 2011 – 2016. 74

Figure 3.19: Japan and South Korea Cell & Module Revenues 2011 – 2016. 74

Figure 3.20: Malaysia and the Rest of the World Cell & Module Revenues 2011 – 2016. 75

Figure 3.21: South East Asia Cell & Module Revenues 2011 – 2016. 75

Figure 3.22: Cell & Module Revenues 2001 – 2016. 76

3.4         Market Outlook, 2016-2021. 77

Table 3.17: Five-Year Technology Forecast to 2021 (MWp)* 78

Figure 3.23: Conservative, Accelerated & Low Revenue Forecast to 2021. 79

4.      Selling Price and Cost 80

4.1         Trends in Average Module Pricing. 80

Table 4.1: PV Industry Cell/Module Revenues, Shipments & ASPs 2006-2016. 84

Figure 4.1: Photovoltaic Industry Prices, Costs and Shipments 86

in 2016 Constant Dollars, 1976-2016. 86

Figure 4.2: Photovoltaic Constant (Inflation adjusted) and Current Prices 1996-2016. 87

Table 4.2: Module Pricing Trends 1991-2016 (Current and Constant $/Wp)* 89

Table 4.3: Regional & Total Shipments and ASPs* 2001-2016 (Current Dollars) 90

4.2         Thin Film Pricing. 91

Figure 4.3: Thin Film & All Module ASPs 2011-2016, Current Dollars $. 93

4.3         Photovoltaic Cost and Price Relationship. 94

Figure 4.4: PV Costs &Shipments 1976-1986 current & constant 2016$. 96

Figure 4.5: PV Costs &Shipments 1986-1996 current & constant 2016 $. 96

Figure 4.6: PV Costs &Shipments 1996-2006 current & constant 2016$. 97

Figure 4.7: PV Costs &Shipments 2006 –2016 current & constant 2016$. 97

4.4         Future Pricing Trends. 98

Figure 4.8: Price History & Forecast all ASP Categories, 1996-2026 2016 Constant $. 101

Table 4.4: Regional & Total Shipments and ASPs* 2001-2016 (Current Dollars) 101

5.      Manufacturing Capacity, Utilization & Module Assembly 2015-2016. 102

Table 5.1: Average Global Capacity Utilization 1976-2016* 102

Table 5.2: Global Capacity Production, Shipments and Inventory, 2006-2016* 105

5.1         Cell/Module Capacity and Utilization, All Manufacturers. 106

Figure 5.1: Regional Photovoltaic Manufacturing Capacity, 2006-2016. 109

Figure 5.2: Regional Photovoltaic Manufacturing Capacity, 2006-2016. 110

Figure 5.3: Shipments, Capacity & Utilization, all Manufacturers, 2006-2016. 111

Table 5.3: PV Industry Capacity, Shipments and Utilization, 2006-2016 MWp* 112

Table 5.4: Country/Regional Annual Capacity/Shipment Growth 2011-2016 (MWp)* 113

Figure 5.4: Regional Capacity Shares, 2015, 2016. 115

5.2         Manufacturing Capacity by Technology. 116

Figure 5.5: Crystalline Capacity and Shipments, All Countries 2016. 116

Table 5.5: Crystalline Manufacturing Capacity & Shipments, 2015-2016 MWp. 117

Figure 5.6: Amorphous Silicon Capacity & Shipments, 2016 MWp. 118

Table 5.6: Amorphous Silicon Capacity/Shipments* 2015-2016 MWp. 119

Figure 5.7: CdTe Technology Capacity and Shipments 2016. 120

Table 5.7 CdTe Capacity & Shipments 2015-2016 MWp* 120

Figure 5.8: CIGS/CIS Capacity & Shipments 2016. 121

Table 5.8: CIGS/CIS Capacity & Shipments*2015-2016 MWp. 121

Table 5.9: Crystalline & Thin Film Capacity & Shipments* 2015-2016 (MWp) 122

5.3         Overview of Global Module Assembly Capacity. 123

Table 5.10: Module Assembly Trends 123

Figure 5.9: Global Module Assembly Capacity, 2016. 124

Table 5.11: 2016 Regional Module Assembly, Crystalline Cell /Thin Film Panel Capacity. 125

6.      Top Ten Manufacturers 2016. 126

6.1 Top Ten PV Technology Manufacturers 2016. 126

Figure 6.1: Top Ten Photovoltaic Manufacturers 2016. 126

Table 6.1: 2016 Top Ten Manufacturers: Technology, Location, Cell and Module    Capacity. 127

Table 6.2: Top Ten Manufacturers, 2011 to 2016* 128

Figure 6.2: Top Ten Manufacturer Cell & Module Revenue Shares 2016. 129