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| Revenue for leading solar PV module suppliers reached three-year high in Q4’14  IHS (NYSE: IHS), the leading global source of critical information and insight, announced that quarterly solar photovoltaic (PV) module revenue (excluding processing service revenue) by the 20 leading global suppliers increased to $5.9 billion in Q4'14. According to findings in the company's latest Module Tracker Quarterly report, a sharp decline in module prices has pushed quarterly revenues to their highest levels since Q3'11.Quarterly module revenue of the 20 leading suppliers increased 12% Y/Y, driven by strong growth of their total module shipment volume, which reached 8.8 GW in Q4'14. Full year 2014 module revenue by these suppliers also grew to $21.4 billion. "To fund their capacity expansion or acquisition, PV module suppliers must continuously increase their revenues, " said Ray Lian, principal analyst for IHS Technology, formerly with Solarbuzz. "As these companies gain more market share, we can expect to see further industry consolidation." Total module shipments from the 20 leading suppliers were the equivalent of 68% of global PV module demand in 2014, compared to only 60% in 2011. Both Trina Solar and Yingli Green Energy shipped more than 3 GW of modules in 2014. During Q4'14, the average selling price (ASP) for modules was negatively affected by the strong appreciation of the US dollar against most other currencies, as well as by the elevated share of modules shipped to China and other low-ASP regions. The blended ASP of the 20 leading suppliers decreased 4% Q/Q. Continuous cost reduction efforts, including module efficiency improvements, helped to mitigate declining ASPs. The blended module cost-of-goods-sold of the top 20 suppliers fell below $0.6 per watt for the first time, reaching just $0.58 per watt in Q4'14. Blended gross margins only slightly increased to 14%. "PV module revenues of the 20 leading suppliers will continue to grow, as they benefit from both robust global PV demand growth and increasing market share, " Lian said. "We expect them to reach historic revenue heights, as early as Q4'15." write your comments about the article :: © 2015 Construction News :: home page |