• Skip to primary navigation
  • Skip to main content
  • Skip to primary sidebar
  • Skip to footer

Electrical Engineering News and Products

Electronics Engineering Resources, Articles, Forums, Tear Down Videos and Technical Electronics How-To's

  • Products / Components
    • Analog ICs
    • Battery Power
    • Connectors
    • Microcontrollers
    • Power Electronics
    • Sensors
    • Test and Measurement
    • Wire / Cable
  • Applications
    • 5G
    • Automotive/Transportation
    • EV Engineering
    • Industrial
    • IoT
    • Medical
    • Telecommunications
    • Wearables
    • Wireless
  • Learn
    • eBooks / Handbooks
    • EE Training Days
    • Tutorials
    • Learning Center
    • Tech Toolboxes
    • Webinars & Digital Events
  • Resources
    • White Papers
    • Educational Assets
    • Design Guide Library
    • Digital Issues
    • Engineering Diversity & Inclusion
    • LEAP Awards
    • Podcasts
    • DesignFast
  • Videos
    • EE Videos and Interviews
    • Teardown Videos
  • EE Forums
    • EDABoard.com
    • Electro-Tech-Online.com
  • Bill’s Blogs
  • Advertise
  • Subscribe

China PV market set to boom as government raises 2015 installation target to 21GW

July 16, 2012 By ECN Staff

Wellingborough, U.K. (16 July 2012) – Photovoltaic (PV) installations in China are set to reach over 4 gigawatts (GW) in the second half of the year, according to a new report from IMS Research (recently acquired by IHS. The latest version of China’s Five-Year-Plan for the PV industry reveals that China’s regulatory and planning body, NDRC, has lifted its installation target from 15 GW to 21 GW by 2015. This positive guideline will further stimulate the rapid growth of China’s PV market from 2012 to 2015, according to IMS Research’s new quarterly report on PV supply and demand in China.

With European demand set to shrink from the second half of 2012, China’s domestic market will become increasingly important. China’s latest move will help to support the huge amount of production capacity added by Chinese suppliers in the last two years by expanding domestic demand. According to IMS Research’s new report, China’s c-Si PV module capacity reached 32.6 GW in Q1’12, while full year global installations are forecast to reach just 30.6 GW.

Besides the large pipeline of ground-mount utility scale PV stations located in China’s desert regions, commercial installations are forecast to increase their market share by 13 percent in 2012. “A more diverse range of system types will emerge in 2012, largely driven by China approving 1.7GW of projects under the Golden Sun Scheme,” commented Frank Xie, senior PV market analyst and report author. “IMS Research predicts that 1 GW of Golden Sun projects will be completed by year end, and that medium and large commercial rooftop installations will reach 850 MW in 2012.”

The promising future has created huge opportunities for PV suppliers in China. “Although the Chinese government has implemented tighter project approval regulations in 2012, system integrators have submitted a huge amount of applications. With the prospect for 5 to 7 GW of PV installations in 2012, PV module shipments to installations in China in 2012 are predicted to be more than double that of 2011,” continued Xie. “Inverter companies will have similar opportunities, and the base of domestic suppliers has grown rapidly in recent years with China now home to over 200 inverter suppliers.”

Although the outlook for PV demand in China is positive, price erosion is set to continue in 2012 as overcapacity still exists in the polysilicon, wafer, cell and module supply chain. According to the report, in the first quarter of 2012, the average prices of wafers and polysilicon both fell by 11 percent compared to the fourth quarter fo 2011, and are forecast to continue falling in the second quarter of 2012.

www.ihs.com

www.imsresearch.com

You Might Also Like

Filed Under: Power Electronic Tips

Primary Sidebar

EE Engineering Training Days

engineering

Featured Contributions

zonal architecture

Addressing zonal architecture challenges in the automotive industry

zonal architecture

Addressing zonal architecture challenges in the automotive industry

A2L refrigerants drive thermal drift concerns in HVAC systems

Why outdoor charging demands specialized battery connectors

How Li-ion batteries are powering the shift in off-highway equipment

More Featured Contributions

EE Tech Toolbox

“ee
Tech Toolbox: 5G Technology
This Tech Toolbox covers the basics of 5G technology plus a story about how engineers designed and built a prototype DSL router mostly from old cellphone parts. Download this first 5G/wired/wireless communications Tech Toolbox to learn more!

EE Learning Center

EE Learning Center
“ee
EXPAND YOUR KNOWLEDGE AND STAY CONNECTED
Get the latest info on technologies, tools and strategies for EE professionals.
“bills
contribute

R&D World Podcasts

R&D 100 Episode 10
See More >

Sponsored Content

Designing for Serviceability: The Role of Interconnects in HVAC Maintenance

From Control Boards to Comfort: How Signal Integrity Drives HVAC Innovation

Built to Withstand: Sealing and Thermal Protection in HVAC Sub-Systems

Revolutionizing Manufacturing with Smart Factories

Smarter HVAC Starts at the Sub-System Level

Empowering aerospace E/E design and innovation through Siemens Xcelerator and Capital in the Cloud

More Sponsored Content >>

RSS Current EDABoard.com discussions

  • What is the purpose of this relay?
  • Industrial Relay Board Design for Motorcycle Use
  • ADEM III ECM — No CAN Signal & Power Supply Issue
  • Snooping Around is All
  • mosfet driver problem in regeneration mode

RSS Current Electro-Tech-Online.com Discussions

  • Pic18f25q10 osccon1 settings swordfish basic
  • Sump pit water alarm - Kicad 9
  • Anyone jumped from Easyeda std to Easyeda pro?
  • turbo jet fan - feedback appreciated.
  • More fun with ws2812 this time XC8 and CLC
Search Millions of Parts from Thousands of Suppliers.

Search Now!
design fast globle

Footer

EE World Online

EE WORLD ONLINE NETWORK

  • 5G Technology World
  • Analog IC Tips
  • Battery Power Tips
  • Connector Tips
  • DesignFast
  • EDABoard Forums
  • Electro-Tech-Online Forums
  • Engineer's Garage
  • EV Engineering
  • Microcontroller Tips
  • Power Electronic Tips
  • Sensor Tips
  • Test and Measurement Tips

EE WORLD ONLINE

  • Subscribe to our newsletter
  • Teardown Videos
  • Advertise with us
  • Contact us
  • About Us

Copyright © 2025 · WTWH Media LLC and its licensors. All rights reserved.
The material on this site may not be reproduced, distributed, transmitted, cached or otherwise used, except with the prior written permission of WTWH Media.

Privacy Policy