IHS: Most Chinese tier-1 PV module suppliers sold out until second quarter of 2015

chinese solar supplyMost Chinese tier-1 solar PV module suppliers have sold out until the second quarter of 2015, according to the latest analysis from IHS. Along with the consolidation of the PV module industry, these suppliers increased their market share from 34 percent in the first quarter of 2014 to 45 percent in the fourth quarter. 

IHS forecasts these companies will maintain their combined market share in the first quarter of 2015. Representing 35 percent of global module capacity, the total effective capacity of Chinese tier-1 module suppliers in the first quarter is expected to reach 5.7 GW, while total global demand is expected to reach 10.8 GW.

“We have heard from both suppliers and buyers about the expected shortage of Chinese tier-1 modules in the first quarter,” said Jessica Jin, analyst for solar at IHS. “After a demand surge in the fourth quarter of 2014, Chinese tier-1 module suppliers decreased their inventory significantly. Considering the Chinese New Year occurs in the first quarter, companies won’t run their capacity in full production, either; so they won’t have enough products for all quotations. Most of them have already sold out for the first quarter.”

 




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