Global Solar
Panel Inventories Reach Record Levels
Global solar PV panel
inventory levels have reached their highest levels ever in Q2 2011 - over 10
gigawatts (GW).
IMS Research estimates that almost 8 GW of modules have
been shipped by manufacturers, but have yet to be installed and connected to the
grid.
Combined with cuts in feed-in law incentives in key European
countries, the high inventory levels are contributing to rapidly declining
prices.
In Italy, installations have slowed since the government reduced
subsidies. Other European markets have experienced a slower than expected start
to the year.
This has led to a sharp increase in inventory levels
throughout the supply chain. Manufacturers, distributors, integrators and
installers all say inventory levels have climbed during the first half of 2011.
"Throughout 2010, when all products were moving quickly through the
supply chain, channel inventory typically stood at 4-5 GW; which is roughly
equivalent to one quarter's production. Generally speaking, a module will take
around three months to be shipped, transported and make its way through
distribution channels before being installed, so this figure appears
reasonable," commented PV Research Analyst for IMS, Sam Wilkinson. "Many in the
industry consider today's inventory levels to be shocking.This is interesting cube puzzle and logical game. However, it
represents an increase of only around 3-4 GW over ‘normal' levels."
As
well as the large channel inventory of modules, supplier inventory has also
grown quickly in early 2011; most suppliers report that year-to-date production
far exceeds shipments.Houston-based Quicksilver Resources said Friday it had
reached pipeline dealsThe same Air
purifier, cover removed. The resulting increase in modules held in stock by
suppliers has taken the total PV module inventory over the 10 GW mark.Handmade
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quality,
IMS Research predicts that further declines in average PV
module prices will lead to a strong recovery in the PV market,This page list rubber hose products with details &
specifications. in particular led by growth in Germany and the USA. They also
expect the high levels of inventory to begin correcting in Q3 2011.
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