© cumypah dreamstime.com Analysis | November 14, 2014
Solar glass price plunge to cease as trade sanctions take effect
After falling by about 50 percent from 2009 through 2014, pricing for solar glass is set to commence a rebound starting next year, as anti-dumping duties levied by the European Union go into effect on Chinese suppliers.
Average global pricing for glass used in photovoltaic (PV) solar is expected to fall to $4.60 per square meter this year, down from $10.40 in 2009, according to IHS Technology. However, pricing will begin to stabilize and begin a long-term increase starting next year. By 2018, solar glass pricing will increase to $5.90 per square meter, up 11 percent from the low point this year. “The sharp drop in solar glass prices during the last five years was the result of massive oversupply in the market,” said Karl Melkonyan, solar research analyst at IHS Technology. “Chinese government subsidies on solar glass caused domestic suppliers to increase production and exports. However, the European Union’s move to impose countervailing duties on solar glass imported from China will limit supply in the market, leading to an expected increase in prices.” Made in China In 2010, imports accounted for only 7 percent of total solar glass supply in Europe. This share grew to 30 percent in 2013. For 2014, more than 90 percent of imports will come from China, up from 35 percent in 2010. This means that in 2014, Chinese manufacturers will account for 27 percent of total solar glass supply in Europe, up from 2.5 percent in 2010. Encouraged by government subsidies, many Chinese glass manufacturers entered the solar glass segment and started an aggressive pricing strategy in overseas markets, following a similar pattern to China’s participation in the module space. The price undercutting caused a strong oversupply and price collapse in the market. European backlash High imports from China led to lost profits and shutdowns of factories for European solar glass producers. In response, the European Union in May imposed five-year tariffs on solar glass from China. The EU imposed countervailing duties on solar glass imported from China in a range of about 3 to 17 percent, depending on the level of subsidy that a solar glass company received from China. Glass shippers IHS estimates the global demand for flat glass—the parent category of solar glass—in 2013 was 47.6 million metric tons. With an estimated 55 percent share, China dominates flat glass supply. Europe follows with a 16 percent share. The Asia-Pacific region is forecast to remain the largest and fastest-growing market for solar glass during the next five years. However, only a few first-tier suppliers from China will provide what customers consider to be high-end products. ARC of triumph In other developments in solar glass, the global market share of anti-reflective coated (ARC) solar glass in 2018 is projected to reach 85 percent. Anti-reflective coatings increase module power output and lower the cost-per-watt, which is the key value measure for any solar-power-generating system. After a weak 2012, the fast-recovering PV market has also contributed to a strong demand for solar glass with AR coating, with about 50 percent growth during each of 2013 and 2014. The “Module Innovations to Create Opportunity for PV Materials Market” report delivers to readers an in-depth look into the competitive landscape of the leading module manufacturing materials, as well as cost trending through 2018. The report investigates current and pioneering developments in glass, backsheet, frames, junction boxes and encapsulants.
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Technica forms growth-focused equity fund San Jose-based Technica USA has reached an agreement on an equity investment centered on future growth for the global PCB fab and assembly supplier.
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ZEUS Battery partnering with Kruvand Associates ZEUS Battery Products and Texas-based Kruvand Associates Inc. have come to a formal agreement on a collaboration that began in January and covers Texas, Arkansas, Oklahoma, Louisiana, New Mexico, Arizona and Mexico.
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EPP with a new owner The company announces that is has found itself an ideal buyer – Photonics Systems Group – a manufacturer of micro-materials processing machines. With this takeover, PSG is strengthening is operations in the electronics industry and also laying the foundation for further growth.
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Kongsberg Maritime divests KM Contros GmbH Following a strategic review, Kongsberg Maritime AS (KM) has decided to divest KM Contros GmbH (Contros) to AML Oceanographic Ltd. (AML).
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Chinese chip maker to U.S. firms: don’t worry On Friday, the chairman of China’s top state-run semiconductor company, Tsinghua Unigroup, had some advice for U.S. chipmakers, saying they should “relax and sleep well,” with regard to China’s semiconductor development.
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POET closes the sale of DenseLight POET Technologies, the designer and developer of the POET Optical Interposer and Photonic Integrated Circuits (PICs) for the data center and tele-communication markets, has successfully closed the sale of its DenseLight subsidiary in Singapore.
HAHN Group expands its footprint in the US via acquisition Factory automation and robotics solution provider, Hahn Group, has acquired REI Automation, Inc. The takeover is effective as of 01. November 2019.
Ynvisible Interactive sells contract manufacturing services to Epishine Epishine is purchasing roll-to-roll manufacturing services from Ynvisible Production, combines solar cells with printed electronic displays.
QEV Technologies gets € 17 million from EIB The E-mobility and R&D specialist, QEV Technologies, will receive EUR 17 million funding from the European Investment Bank (EIB) for a variety of low carbon transportation projects.
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Mouser pushing distribution to new (vertical) levels Mouser Electronics, global NPI distributor of semiconductors and electronic components, has expanded its multi-dimensional footprint at its distribution headquarters in Texas.
Micron buys FWDNXT, launches AI platform With its recent acquisition of hardware and software start-up FWDNXT, Micron Technology Inc. has launched a new set of tools for deep learning.
Isola names new president and CEO Isola has appointed Travis Kelly president and chief executive officer. Kelly most recently served as global chief operating officer at Cerberus Operations and Advisory Company (affiliate of Cerberus Capital Management).
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Kimball reports growth across the board for 1Q20 While the calendar year for 2019 isn’t over yet, Kimball Electronics has already completed its first fiscal quarter for 2020.
AT&S weathers market challenges In an overall challenging environment AT&S held its ground well in the first half-year. Revenues amounted to EUR 490.3 million, declined slightly by 5.1% compared to the previous year.
Covalent Metrology, Rigaku extend partnership with new line Rigaku, a producer of X-ray metrology technology, has installed two of its analytical instruments at the Sunnyvale, California service lab of Covalent Metrology, a provider of analytical services to advanced materials innovation companies.
PG LifeLink expanding in Kentucky Post Glover LifeLink Inc., a manufacturer of isolated power products, announced plans to expand its operation in Boone County with a USD 3.9 million investment.Load more news