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.
|Shipments||61 GW||48 GW||+27%|
|Revenues (in USD)||38 billion||31 billion||+20%|
|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)