Despite continued overcapacity, domestic and foreign manufacturers continue to expand their production capacity. At the same time, the production capacity has not been consistent with the value chain. Even the most surplus silicon ingots, their production capacity at the end of 2016 is 44% higher than the 65GW demanded by the crystalline silicon photovoltaic market this year.
Governments in mainland China and Taiwan evaluate manufacturers through technical indicators such as product efficiency and power consumption, aiming to regulate the industry and promote industry development and integration, but so far the results have been limited.
Southeast Asia is currently the location of the new manufacturing base that is most popular with Chinese and Taiwanese PV manufacturers. 80% of these manufacturers' overseas battery capacity and 61% of component capacity come from the region.
Here are a few sets of data we have counted:
This analysis includes all existing manufacturers of BNEF tracking observations, including 25 polysilicon manufacturing companies, 66 silicon ingot manufacturing companies, 76 silicon wafer manufacturing companies, 132 monocrystalline silicon battery manufacturing companies and 237 Photovoltaic module manufacturing company. Since many companies cover multiple product divisions, the total number of companies is 306.
As of the first quarter of 2016, the annual production capacity of the global photovoltaic manufacturing industry is: 445,500 tons of polysilicon, 79 GW of silicon ingots (21% of which are monocrystalline silicon ingots), 80 GW of silicon wafers, 90 GW of polycrystalline silicon solar cells and 136 GW components. Among the above categories, Chinese manufacturers account for 46%, 81%, 81%, 67% and 76% of the global total, respectively.
As of the first quarter of 2016, the overseas capacity of batteries and components of manufacturers in China and Taiwan reached 6.8 GW and 11 GW, respectively, and is expected to rise to 13 GW and 16 GW respectively by the end of 2016.
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