Market research institute IHS sees a trend reversal in the PV market

During the last few days, several Chinese PV companies have published positive results for the second quarter of 2013. Jinko Solar, Trina Solar, Yingli and Canadian Solar all increased both their sales and turnover during that period. For Stefan de Haan, an analyst at the market research institute IHS, this development is not just a straw fire: "The second quarter of 2013 marked the turning point for the PV module industry and a return to profitability – as expected."

De Haan had anticipated the upward trend, given the accelerated growth these companies have been seeing in markets such as Japan, China and the USA, coupled with stabilising pricing. In his opinion, the on-going anti-dumping investigations in the EU strengthened the trend with these leading Chinese module manufacturers, at least in the short term, as price increases could be pushed downstream to customers, and European customers increased orders to stock-pile modules ahead of the introduction of tariffs. The anti-dumping investigation also led Chinese vendors to accelerate their plans to penetrate emerging markets and so may also benefit them in the longer term.

The expert's outlook for the future is also positive: "This recovery in the second quarter of 2013 will not be short-lived: We predict that these leading suppliers will do even better in the second half of 2013, with gross margins of the overall c-Si module industry in the 5-10% range – an improvement over the 2.5% seen in the first half of 2013."

Bodo Höche

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