House Tablet

Find The Best Solar Deals In Australia

  • 3 Free, No Obligation, Solar Quotes
  • From Fully Qualified Installers
  • With 1000’s of Customer Reviews
  • Competing for Your Business
Finn Peacock Caricature

Check Your Postcode for local solar power quotes

Solar PV will bounce back

23rd Apr 2013

While the solar PV industry might not like the predictions of an upcoming downturn, there's no need for despair as this will be countered by a significant rebound in the coming years.

Solarbuzz NPD has forecast that PV industry module revenues are set to decline by 20 per cent in 2013, to US$20.5 billion.

In 2012, revenue was at a significantly higher level, coming in at $25.5 billion.

However, come 2015 we'll likely see revenue levels increase and continue to do so, reaching a promising $32 billion by 2017.

Decreased revenue in the meantime is due to lowered confidence in the solar PV industry throughout 2012, as module selling prices declined by approximately half year over year, while end-market demand only increased very slightly.

Government support for the solar PV industry has also declined in a number of countries - something which we've seen here at home with the waning support for solar feed-in tariffs.

The ratio of supply and demand was put out during 2012, with the solar PV supply capacity of 45 GW, while end-market demand only reached 29 GW.

"Manufacturing over-capacity and declining revenues had a dramatic impact on the PV industry in 2012, and this trend will continue during 2013," said Michael Barker, senior analyst at NPD Solarbuzz.

"Share values of several publicly listed PV companies have been falling close to delisting levels, operating losses have been reported in the hundreds of millions of dollars per quarter, and many manufacturers are continuing to file for insolvency. Predicting how and when the solar PV industry will rebound to profitability has now become essential for all industry participants."

Barker also asserted that surviving the tumultuous downturn phase of 2013 and 2014 will remain a priority for all solar PV manufacturers.

He predicts that module suppliers with the most profitable business models will emerge as market leaders once the downturn is over.

It's forecast that end-market demand will finally approach 46 GW in 2015 when solar PV is once again on the up and the industry is offering solid growth and revenue potential.

It's important to remember that confidence will eventually restore in the PV manufacturing sector, and investments will be made in new capacity and next-generation technologies.

The future of solar PV is far from over, in fact, it's just getting started.

Posted by Mike Peacock

Solar Power News Categories

Government Rebate & Regulations
Solar Power & Technology

More Solar Power & Technology

Australia to be a part of huge Asian renewable energy growth
SunPower steps up to make solar more affordable
Canberra makes strides toward carbon neutrality
GTM puts solar's massive growth in perspective
Examining Australia's falling solar PV rooftop prices
Australia's shift toward renewable energy picks up the pace
Australia shines at solar decathlon
University of Queensland tapped as lead researcher on massive solar project
100 per cent renewable energy is possible in 10 years, environmental group says
Climate Commission releases report on solar progress
Aussie government actually shows spine for solar power
Be gone, skeptics: One million solar installations and counting
Australia embarks on its greatest solar journey ever
Australia looks to solar thermal for commercial success
Solar power helps King Island reach 100% sustainability
Australians 'heavy supporters of solar power'
Mildura solar plant officially unveiled
Solar power trumps other renewables in Australian minds
Sunshine Coast solar farm "fantastic initiative"
Sunshine Coast cashes in on namesake with solar plans
Energy storage 'could maximise solar power utility'
Solar powered family car - a world first?
Code of conduct for solar installers in the works
'Stop punishing households' for solar PV
Australian solar companies 'adjusting well'
Australian mining 'next solar frontier'
"Rooftop revolution" underway across Australia
Global PV market emerging from sluggish period
Royalla solar farm receives final approval
Leadership challenge a "debacle" for Australian solar power
Solar power giving global renewables a helping hand
Australia's largest CPV solar power plant up and running
Renewable energy misinformation "staggering"
CEC: Don't underestimate consumer desire for solar
Setting energy efficient examples on TV
Solar PV brightening up household bills
World's largest solar powered boat on the move
Climate change is heating up
The global solar power shift
New solar tech win for NSW
Industry orgs praise City of Sydney solar efforts
Clean Energy Council supports Regional Renewables scheme
Asian nations emerging as PV leaders
Solar PV demand continues to grow
Regional areas of Australia to receive more renewables
Australia's significant renewable energy growth
Solar panel reprieve for Queensland
New funding for solar research
Find love with sustainable speed dating
New Victorian solar power deal