Photovoltaic industry is changing rapidly an as users we can monitor and experience those changes as well. Around the world economical crises, government issues and corporate incidents badly influence this industry. But then few changes in product and product’s features bring interest of people back instantly. Here we are also going to discuss about some major Photovoltaic trends that this industry followed in four years.
Photovoltaic Market Demand Growth:
In 2010, this market give huge returns in PV installations and its demand grow with reasonable speed as well. In different countries government also reduced tax for manufacturers and customers of this product. Later in 2011, due to limited demand for electricity price factor get affected badly. This happened in third quarter of the year, but till the end of this year these installations were put with upward revision and installations. In 2012, from 25 to 75 percent growth in PV installation demand was recorded, its reason was residential growth and utility scale solar projects etc. for coming year 2013, more than 50% PV installations are expected.
Polysilicon and solar grade silicon outlook:
In 2010, price of polysilicon was under pressure because of its over capacity issue and uncertain decline in FiTs. Few big names made completed their contracts for adjacent supply of polysilicon. In 2011, these contracts were canceled as they did not help out a lot for supply directly from spot market. In last quarter of this year prices crashed form $35 to $21 per KG. In 2012, global production level was recorded of about 300,000 MT, it continued pressure on lower utilization rate and some manufacturers needed to shut down their production for some period.
Thin Film Photovoltaics:
For 2010 solar systems stayed with thin film PV and also help in wining this industry after becoming number one element in this industry. It was announced at that time, that it will take years now to replace this thin film PV with any other competitive product. But in 2012, solar Frontier brings new changes in this thin film with help of CIS (Cooper Indium Selenium). He linked 150 MW in it and continued it till 2012. In 2012 many projects switched their techniques to PV, it helped them in many projects.
HCPV (High Concentration PhotoVoltaics):
A major issue arises in 2010, and that was effect of this technology on environment. This issue started after competing first largest HCPV project in 2009 in Taiwan. This pilot project was completed in support of institute of Nuclear Energy Research (INER), and after this 30-50 MWp of HCVP was installed. But this technology was completely banned in 2011 and no further efforts were made by HCPV for solar systems. In this time period as well, some ventures tried on capture capital on work on it again. From 2012, 100 MWp of HCPV was installed successfully and it started action once again.
PV Industry Shakeout:
2010 was a year when PV industry was at oversupply and FiT reduction; developers were preferring CPV and thin films over it due to cost factor. In 2011 complains were recorded about failure of PV and solar firms due to bankruptcy. The only name that sustained at that time was Solyndra, they maintain their cost and efforts so that they never run out of budget on this project. In 2012 this industry shakeout, besides the factor of more failure than 2011 some manufacturers keep on working on their products.
Day by day prices of oil are rising and it is becoming tough for industries to depend on it completely for supply of electricity. Therefore in 2010, some businesses try to get properly in PV technology. Same thing take place in coming years as well, and now oil prices are dipping to $85 per barrel or even $70 per barrel.