The highly volatile PV industry is notoriously difficult to predict, yet that has not stopped market research firm IHS in providing its key ten predictions for the industry in 2013.
Starting with its market forecast as the priority pick, IHS said that it expected double-digit installation growth in 2013, which PV Tech estimates would see installations in the mid-30GW range.
However, due to falling prices continuing global industry revenue is expected to continue to fall. The market research firm expects 2013 revenue to be in the range of US$75 million if 2013, down from a forecasted US$77 billion in 2012. According to IHS, industry revenue peaked at US$94 million in 2011.
Further doom and gloom is expected as the industry ‘solar shakeout’ continues, yet should reach its peak in 2013 as the market research firm expects fewer than 150 companies remaining in the upstream part of the supply chain.
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