THE WORLDWIDE ASSEMBLY MARKET Second Edition

A Strategic Report on the Worldwide Market for Photovoltaic (PV) Module Assembly, Including Opportunities for EMS Providers

Report Highlights Technical Trends PV Cell Materials PV Manufacturing Technology Recent Developments Market Analysis and Forecasts, 2008–2023 Technologies Applications Regions OEM Market Share, 2008 Module Production In-House vs. Outsourced Production Company Profiles

New Venture Research Corp. A Technology Market Research Company 337 Clay St., Suite 101 [email protected] Nevada City, CA 95959 www.newventureresearch.com Tel: (408) 244-1100 Fax: (408) 864-2138 The Worldwide Solar Panel Assembly Market, 2nd Edition Synopsis

Electrical power production from solar photovol- Chapter 3, “Technical Trends,” examines the ba- taic (PV) systems is experiencing explosive sis for PV electronics, reviews the fundamental growth that should continue for many years into materials science behind basic PV cells, and looks the future. However, as with any exciting and at some of the emerging PV technologies. This high- growth market, there is much speculation chapter also contains a brief compendium of re- about the impact and size of this market over cent news articles about the industry. time. Chapter 4, “Market Analysis, 2008,” defines the New Venture Research (NVR) in the 2nd Edition leading technologies, applications, and regions for of its report, The Worldwide Solar Panel PV electronics. The chapter quantifies—insofar as Assembly Market , uses data from a wide variety of sources to present the most realistic picture is possible—the current market in terms of mega- available regarding this market. watts shipped, modules shipped, average cost per module, and cost of goods sold. The analysis and forecasts are provided in a variety of measures. Application and regional Chapter 5, “Market Forecast, 2009–2023” markets are defined in megawatts. Technology examines how the market for PV electronics is markets are defined in megawatts, modules, cost expected to grow by leading application area. As in per module, and cost of goods sold (COGS). Chapter 4, this chapter defines the leading technologies, applications, and regions. This COGS—the total manufacturing cost to produce chapter also forecasts how the EMS industry is PV cells and finished modules—is forecast in- expected to play an expanding role in the PV stead of revenue for two reasons. First, COGS is market. the key measurement for manufacturers, material suppliers, and equipment makers who wish to Chapter 6, “Company Profiles,” reviews the participate in this market. Second, manufacturing products and strategies of the leading industry PV cost is much more predictable than revenue. In a manufacturers. Profiles are also provided for some capital intensive industry such as PV cell promising startup companies, as well as a number manufacturing, revenue often swings wildly as of material and production equipment providers. supply and demand move in and out of balance. The Worldwide Solar Panel Assembly Market, This report also forecasts the move by PV cell and 2nd Edition will provide you with an effective and module manufacturers to outsource production to economical tool for assessing the future of this electronics manufacturing services (EMS) market. Please take a few moments to review the providers. The outsourcing forecast is defined in report's outline on the following pages. The report megawatts, modules, cost per module, and COGS. is available in electronic format only and is This report is organized into six chapters. Chapter delivered by email as a single-user PDF file. The 1, “Introduction,” outlines the scope, organization, report sells for $1995, with extra single-user and methodology for the report. licenses at $350 each. Corporate licensing is Chapter 2, “Executive Summary,” presents top- available— contact us for pricing. level data from throughout the report.

About the Author Randall Sherman , president of New Venture Research Corp. a California market research and business consulting firm focused on the EMS and OEM electronics manufacturing industries, continues to serve as principal analyst for this report. Mr. Sherman has more than 20 years’ experience in technology and business research. He began his career as a telecom network design engineer. He has held senior positions at various market research firms including Creative Strategies and Frost and Sullivan. Mr. Sherman holds an MSEE from the University of Colorado and an MBA from Edinburgh School of Business. The Worldwide Solar Panel Assembly Market, 2nd Edition Table of Contents

Chapter 1: Introduction Chapter 5: Market Forecast, 2009–2023 Objectives Technology Markets Organization COGS Assumptions Cost per Watt Methodology Application Markets Regional Production Chapter 2: Executive Summary Module Production Chapter 3: Technical Trends Units PV Cell Materials Watts per Module Solar Cells Cost per Module Thin Film Solar Cells In-House vs. Outsourced Production Emerging Technologies Market Summary PV Manufacturing Technology Chapter 6: Company Profiles Silicon Crystal Growing or Casting Plants Applied Materials Nanosolar PV Cell Plants NingBo Module Assembly Plants AVANCIS Solar Odersun AG System Assembly BP Solar OptiSolar, Inc. Recent PV Technology Developments Canadian Solar Photovoltech Chapter 4: Market Analysis, 2008 China Sunergy Photowatt Tech Overview Conergy AG Q-Cells AG Technology Markets Energy Conversion Silicon ENTECH Solar REC Solar Thin Films ersol ReneSola Other Technologies SANYO Electric Application Markets ET Solar Off-Grid Habitation Evergreen Solar Schott Solar Off-Grid Commercial/Government Grid-Residential Shell International Grid-Commercial/Government Grid- Renewables Utility HelioVolt Regional Production Hoku Scientific Solar Semiconductor China Innovalight Solarfun Germany Isofoton SolarWorld Japan USA/Canada JA Solar Solon Rest of Europe Kaneka Silicon PV SoloPower Rest of Asia Konarka Tech Rest of Americas Sovello Rest of World Kyocera Solar SunPower Corp LDK Solar OEM Market Share Module Production MEMC Electronic Tatung Corp In-House vs. Outsourced Production MiaSolé Trina Solar Mitsubishi Electric XsunX Motech Green Energy The Worldwide Solar Panel Assembly Market, 2nd Edition Table of Contents (continued)

Partial List of Figures and Tables Worldwide PV Market—Megawatts by Technology, Worldwide PV Market—Megawatts by Application, 2003 & 2008 2008–2013, 2018, 2023 Worldwide PV Market—COGS by Technology, Worldwide PV Production—Megawatts by Region, 2003 & 2008 2008–2013, 2018, 2023 Worldwide PV Market—Megawatts by Application, Worldwide PV Market—Module Production, 2003 & 2008 2008–2013, 2018, 2023 Worldwide PV Market—COGS by Application, Worldwide PV Market—Watts per Module, 2003 & 2008 2008–2013, 2018, 2023 Worldwide PV Production—Megawatts by Region, Worldwide PV Market—Cost per Module, 2008 2008–2013, 2018, 2023 Worldwide PV Production—COGS by Region, Worldwide PV Market—In-House and Outsourced 2008 Megawatts, 2008–2013, 2018, 2023 Worldwide PV Market—COGS, Megawatts, and Worldwide PV Market—In-House and Outsourced Modules Assembled by Company, 2008 Modules, 2008–2013, 2018, 2023 Worldwide PV Module Market—Units, 2003 & 2008 Worldwide PV Market—In-House and Outsourced Worldwide PV Module Market—CPM, 2003 & 2008 Cost per Module, 2008–2013, 2018, 2023 Worldwide PV Module Market—COGS, 2003 & 2008 Worldwide PV Market—In-House and Outsourced Worldwide PV Module Market—In-House and COGS, 2008–2013, 2018, 2023 Outsourced, 2003 & 2008 Worldwide PV Market—In-House Summary, Worldwide PV Market—Megawatts by Technology, 2008–2013, 2018, 2023 2008–2013, 2018, 2023 Worldwide PV Market—Outsourced Summary, Worldwide PV Market—COGS by Technology, 2008–2013, 2018, 2023 2008–2013, 2018, 2023 Worldwide PV Market—Total Market Summary, Worldwide PV Market—Cost per Watt by 2008–2013, 2018, 2023 Technology, 2008–2013, 2018, 2023

Published March 2009, 175 Pages

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