Global PV Component Manufacturing Industry Has Changed Dramatically Recently Years

Global PV component manufacturing industry has changed dramatically recently years and decline in profitability is the key character. Highest gross profit margin of the component manufacturer is difficult to achieve 10%. Expert of the industry hold the opinion that dropping of gross margin in PV industry have aggravated industry reshuffle and increased the differences of industry characteristics. For industry competition pattern, technical, capital and cost advantage have become the principal characters for competition in PV industry. At this point, giant PV manufacturers of China as Yingli Green Energy have relative advantages. Compared with foreign enterprises, companies of Chinese PV industry have significant cost advantage, which can be known from the financial pressure of FirstSolar. In addition, compared with local enterprises, these leading PV enterprises also own obvious capital advantage and technical superiority. Increasing of market share of leading components manufacturers in the past 12 months is the direct result of industry reshuffle. The trend continues to develop in the following several years. Source: GlassInChina