Monday, September 23, 2013: One of the largest solar cell manufacturers in India, Moser Baer opines that solar PV industry has a bright future because new markets mean strong demand, despite the fact that the industry is facing imbalance in demand supply due to plummeting demand from the European region. However, new markets such as the US, China, Japan and India is supposed to promise growth in demand in the next phase of global solar industry.
On account of strong demand from countries like the US, Japan and China, global PV installations went up nine per cent year-on-year basis to touch 15GW during the period January-June.
Apart from this, PV module prices have started showing some signs of stability on account of balance in global demand-supply. Higher demand from emerging markets coupled with consolidation among the tier II and III manufacturers reflects signs of positivity in the operating environment for PV manufacturers since early 2013. Hence, improvement in market is leading to increased capacity utilization levels.
“Though it may appear that the short term PV market is challenged due to the prevalent demand supply imbalance and waning demand from the European markets, the future outlook remains promising on account of strong emergence of the new markets,” mydigitalfc.com quoted Deepak Puri, chairman of the company.
