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Solarbuzz reports world solar PV Market grew to 18.2-GW in 2010

March 15, 2011 | Paul Buckley | 222902402
Worldwide solar photovoltaic (PV) market installations reached a record high of 18.2 GW in 2010 according to the annual PV market report, Marketbuzz 2011, pubished by solar energy consultancy, Solarbuzz. 
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The figures represent a growth rate of 139% compared with the previous year.

The PV industry generated $82 billion in global revenues in 2010, up 105% Y/Y from $40 billion in 2009. Companies throughout the PV chain successfully raised more than $10 billion in equity and debt over the last 12 months.

In 2010, the top five countries by PV market size were Germany, Italy, Czech Republic, Japan, and the United States - representing over 80% of global demand. European countries represented 14.7 GW, or 81% of world demand in 2010. The top three countries in Europe were Germany, Italy, and the Czech Republic, which collectively totaled 12.9 GW. In 2010, the Japanese and US markets grew by 101% and 96%, respectively. In all, over 100 countries made some contribution to soaring global PV demand last year.


Figure 1: Share of Global PV Demand in 2010

Worldwide solar cell production reached 20.5 GW in 2010, up from 9.86 GW a year earlier, with thin film production accounting for 13.5% of total production. Producers in China and Taiwan continued to build share, and now account for 59% of global cell production, up from 49% last year. The top two cell manufacturers in 2010 were Suntech Power and JA Solar, who tied for the first position, followed closely by JA Solar and First Solar.

The Top Eight polysilicon manufacturers had 145,200 tonnes per annum of capacity in 2010, while the Top Eight wafer manufacturers accounted for 45% of global wafer supply. The excess of production over market demand caused crystalline silicon factory gate module prices to drop 14% in 2010, significantly less than the 38% reduction of the previous year.
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