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Company News: Page (1) of 1 - 01/04/13 Email this story to a friend. email article Print this page (Article printing at page

Solar Panel Manufacturing in China Industry Research Report Now Available from IBISWorld   By PRWEB

San Francisco, CA (PRWEB) January 05, 2013

In the five years through 2012, revenue for the Solar Panel Manufacturing industry in China has been growing at an annualized rate of 56.7% to total $71.6 billion, calculates IBISWorld. During this period, Chinese solar cell output has been increasing 65.4% per year, with an estimated output of 14.8 giga-watts (GW) in 2012.

Since 2011, the industry has faced the double-problem of excess production capacity and weak demand from Europe due to its sovereign debt crisis. As a result, the government was forced to issue a policy to limit production expansion. That year, China also implemented a feed-in-tariff policy, which requires the government to purchase renewable power at above the market rate. As a result, both industry reliance on exports and imports have been falling.

The combined revenue of the top four major players Suntech Power, LDK Solar, Canadian Solar and Yingli Green Energy  accounts for about 16.1% of industry revenue, which indicates that the industry concentration level is low. The industry concentration level is expected to increase as competition intensifies and mergers and acquisitions become more frequent.

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