Solar PV Equipment Replacements To Ramp from 2013-2016New Hampshire, USA -- After a punishing 2011 and expectations of a tough 2012, look for a surge of demand to upgrade solar photovoltaic (PV) manufacturing equipment over the next few years, says IMS Research. PV equipment sales are expected to sink by more than half in 2012, likely below the $6 billion range. (Some see tightness extending even into 2013.) But IMS has another take on the data: a v-shaped recovery that returns equipment spending to nearly 20 percent growth in both 2013 and 2014 and almost 40 percent in 2015. But with overcapacity still smothering new investments in production expansion, and with utilization rates at all-time lows, for now solar PV manufacturers will focus on upgrading and replacing aging equipment -- which IMS calculates as a $25 billion/20-gigawatt (GW) opportunity for equipment suppliers from now until 2016. |
James Montgomery
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