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Looking into the future, the report stated that global PV demand is expected to grow by 6% in 2012, and growth of up to 43% in other regions except Europe will make up for the decline in the European market. However, under the pressure of funds, solar PV companies have changed their tactics, from the pursuit of market share to the return on the yield in the first place. In the period when the current terminal market is becoming increasingly fragmented, the main issue for photovoltaic companies will be how to increase profits.
According to the current state of development, the Ministry of Energy and Trends, a subsidiary of the Federal Ministry of Science and Technology, said recently that the global solar photovoltaic industry will face severe challenges in 2012, and the weak will be eliminated. Federal Technology provides users with global market information, in-depth analysis and consulting services. Its users include companies such as Microsoft, Apple, Dell, Philips, Sony, and Canon.
The Energy Trends Department believes that the 2012 solar photovoltaic industry's policy will focus on total installation management control and reducing subsidies. In addition, policies for emerging markets have been finalized, but these policies take time to implement them. On the other hand, from the wafer to the PV modules will continue to maintain a low price, the meager profits lead to a large number of manufacturers are in a situation of survival.
Solar photovoltaic industry market will have serious problems of oversupply. The Energy Trends Department estimates that the demand for the global photovoltaic market will be approximately 19 billion watts during 2012. Obviously, this figure is much less than Solarbuzz's prediction. The Ministry of Energy Trends believes that the reason for the low demand is the decline in demand from Italy, Germany and the United Kingdom, and behind it is the adjustment of European subsidies.
In Asia, thanks to the subsidy policy, in 2012, people will see a slight increase in demand from China, Japan, Malaysia and Thailand. Energy Trends expects that the PV market will not experience rapid growth until 2013.
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As an important part of renewable energy, the recent development of solar photovoltaic power generation is a mixed picture. According to a quarterly report recently published by Solarbuzz, a unit of research and analysis of the photovoltaic power generation market of the American NPD Group, the unexpected increase in solar power generation in China and the United Kingdom has led to an increase in the global PV market scale to 23.6 billion watts in 2011, which is a 22% increase from last year. However, at the same time, due to factors such as high output, high inventory, and falling prices, the photovoltaic industry suffered a large loss in 2011.