Chinese Solar Photovoltaic Market Outlook to 2015 through Bhartbook.com
17-Oct-2011 | News-Press Release
China Solar Photovoltaic Market Outlook to 2015
The report titled “China Solar Photovoltaic Market Outlook to 2015” provides a comprehensive analysis on various aspects such as On-Grid and Off-Grid Cumulative and Annual Installed Capacity, PV power per capita, market segmentation and competitive landscape of the major players operating in the country. The report also entails the SWOT analysis of solar PV market in China. http://www.bharatbook.com/detail.asp?id=211469&rt=China-Solar-Photovoltaic-Market-Outlook-to-2015.html
The future outlook presented the base case, conservative case and aggressive case scenario factor analysis providing an insight on the prospects in the solar PV cumulative and annual installed capacity for the country.
The country has over 400 solar PV companies which produce over 23% of the PV products globally. The number of grid connected large scale PV installations has increased in the country. It has been witnessed that the proportion of on-grid installations in the total annual installed capacity has risen over the years. The grid connected installations were 477 MW in 2010.
China is one of the leaders in the production of PV cells and modules but lag in the number of PV installations. Although the country has witnessed growth in the PV sector, still in terms of PV installations the country has a small share of 4% of the global PV installations as the country ships over 96% of its production to overseas market. The shipment level has increased almost 8 times from the level of 1088 MW in 2007 to 8000 MW in 2010.
The country has a moderate capacity utilization ratio of 53% in terms of output of polysilicon material. China generated 45,000 tons of polysilicon wafers in 2010 comparative to the capacity of 85,000 tons. The market is currently dominated by the multi-crystalline and single crystalline technology. About 11 GW of solar cells were produced in 2010.
Rural electrification was the largest application of PV systems in China. Almost 50% of solar PV installations are utilized for electrifying the rural areas. With more emphasis by government on the BIPV segment, its share of 17.5% in 2010 is likely to increase in the coming years. Communication and Industrial Applications, Small solar PV appliances and ground based large scale PV power plants are other segments where PV installed capacity are utilized.
Electricity demand in China has grown at a rapid pace in the past. It was registered at 2,783 TWh in 2010 with solar PV contributing approximately around 0.20%. It is expected that in 2011, total electricity demand will increase to 2,914 TWh while solar PV market share in the electricity consumption will increase to 0.24%. The electricity demand is expected to grow at an estimated CAGR of 5% and will reach to ~ TWh by 2015 with solar PV contribution of ~%.
For more information kindly visit : http://www.bharatbook.com/detail.asp?id=211469&rt=China-Solar-Photovoltaic-Market-Outlook-to-2015.html
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