PV module shipments surge: large companies reproduce demand
Solid Sphere,Fixed Solid Ball,Floating Solid Ball,Solid Sphere With Handle Antong Valve Co.,Ltd , https://www.atvalveball.com
September 03 07:37:46, 2025
**Abstract**
After the introduction of the photovoltaic electricity price subsidy policy, the pace of solar power plant construction in western China significantly accelerated. Industry insiders revealed that during the fourth quarter rush, many major component manufacturers were operating at full capacity, and some even faced production gaps and supply shortages. The demand for solar modules became extremely strong, with companies scrambling to secure shipments and meet rising orders.
Meng Xianyu, vice chairman of the China Renewable Energy Society, told reporters that because the electricity price in the west will drop from 1 yuan/kWh to 0.9 yuan/kWh next year, companies are rushing to complete projects before the end of this year. This surge in demand has driven a sharp increase in downstream requirements, leading to hot sales and higher shipment volumes among component suppliers.
According to a report from a market research institute, due to the high demand, the capacity utilization rate of top-tier manufacturers is nearly saturated. Some companies have already placed orders for the end of the year, while others have locked in orders for the first quarter of next year. Many component factories reported significant capacity gaps in November and December, as orders piled up quickly.
Xu Jie, general manager of Aerospace Electromechanical (600151.SH), a leading player in the solar power station sector, mentioned at the "2013 China PV Power Plant Annual Meeting" that companies are aggressively purchasing equipment, making it difficult to acquire components without cash. Some insiders also noted that component availability has become tight, with even full payment not guaranteeing immediate delivery.
Gu Lijun, a senior consultant at Solar Photovoltaic Network, told reporters that with limited growth in exports to Europe, Japan, and the U.S., the current demand for solar modules is primarily driven by the domestic market.
**Supply Slightly Insufficient, Prices Remain Stable**
Why did solar modules shift from overcapacity to a current shortage? Meng Xianyu explained that the supply issue is mainly concentrated among large manufacturers. Solar power plants need to operate for 20 years and are subsidized based on energy generation, so operators tend to prefer well-known brands for their reliability in conversion efficiency, quality, and after-sales service.
In addition, Gu Lizhen believes that following industry consolidation, the current market concentration is high. Large enterprises and listed companies can secure orders, but many smaller firms are only doing OEM work. Unlike previous years, when all companies experienced good shipment performance, the current situation is more uneven.
Meng Xianyu also noted that the price of components has risen from below 4 yuan/watt last year to between 4.2 and 4.5 yuan/watt. However, overall, there is still surplus capacity. In the first half of this year, domestic solar module production capacity exceeded 40 GW, with output reaching around 11.5 GW. It is estimated that annual output could reach 24 GW, and component prices are unlikely to rise sharply in the near future.