Global PV module gross profits to hit USD 5bn in 2015 - IHS

Change in annual solar PV installations by market 2014/15 (in GW). Source: IHS.

May 8 (SeeNews) - Throughout the photovoltaic (PV) industry supply chain profits are expected to rise significantly in 2015 so IHS Inc is guiding for a 117% jump in PV module gross profits to USD 5 billion (EUR 4.5bn).

“This year we expect a good combination of high demand in a vast number of countries, no collapsing end-markets and stabilizing prices,” said Ash Sharma, senior research director for solar at IHS. The table below contains global information company’ forecast for the PV module supply chain’s performance.

  2015 2014 y/y change
Shipments 61 GW 48 GW +27%
Revenues (in USD) 38 billion 31 billion +20%
Gross margins 13%  7% +6pp
Gross profit (in USD) 5 billion 2.3 billion +117%

IHS expects 89 countries with solar PV end-markets to achieve growth in solar installations in 2015, thus leading to a 30% rise in global demand. Demand will drop in just seven countries, falling by a combined 0.5 GW this year. This will be a significant improvement over 2014, when 21 countries experienced decline in PV demand, leading to a combined 5.6 GW drop.

(USD 1 = EUR 0.891)

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Browse all articles from Tsvetomira Tsanova

Tsvet has been following the development of the global renewable energy industry for almost nine years. She's got a soft spot for emerging markets.

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