Next-Generation Solar PV

Next-Generation Solar PVHigh Efficiency Solar PV Modules and Module-Level Power Electronics:
Global Market Analysis and Forecasts

Global cumulative manufacturing capacity for solar PV modules remained steady at around 70 GW between 2012 and 2015, but actual production doubled from 32 GW to 60 GW. This surge increased the margins of the top module manufacturers and tightened the supply-demand balance for the coming years. While the main players in the solar PV module market have been announcing small capacity expansions since early 2014, the number of announcements has soared since November 2015.

The supply-demand rebalance in the advanced solar module supply market is giving manufacturers the opportunity to escape, at least temporarily, from a commoditized PV module market. In the long term, the niche technologies of today are expected to evolve to take over most of the solar market. The availability of passivated emitter rear cell (PERC) and n-type modules, as well as microinverters and direct current (DC) optimizers (along with other technologies like bifacial modules), will create specialized products to serve a variety of applications. According to Navigant Research, global module-level power electronics (MLPE) capacity is expected to grow from 9.7 GW in 2016 to 42.2 GW in 2025.

This Navigant Research report provides participants involved in the energy marketplace with an examination of the leading countries for the deployment of next-generation solar PV technologies. The study offers an analysis of the global market for advanced solar modules, including p-type PERC modules, n-type modules, and MLPE. Global market forecasts for installed capacity and revenue, segmented by region and technology, extend through 2025. The report also examines the key innovations related to advanced solar PV modules and MLPE, as well as the competitive landscape.

Key Questions Addressed:
  • How much advanced solar PV capacity will be installed worldwide from 2016 to 2025?
  • What percentage of the advanced solar PV installed in each country will use p-type PERC cells and n-type cells?
  • Which markets are likely to experience strong growth in capacity and revenue for advanced solar PV modules?
  • Which module-level electronic technologies will continue gaining market share globally?
  • How will microinverters fare in competition with direct current (DC) optimizers?
Who needs this report?
  • Solar PV module and component manufacturers
  • Solar PV project developers, integrators, and installers
  • Engineering, procurement, and construction (EPC) firms
  • Government agencies and policymakers
  • Investor community

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