According to EnergyTrend, a research division of TrendForce, as upstream raw material price decreased rapidly and manufacturers sustained fewer inventory depreciation losses in Q3, most makers’ Q3 figures were better than those from the previous quarter. However, related manufacturers indicate that demand has not increased notably in Q4, global inventory levels remain relatively high, and the industry is entering the traditional slow season. Consequently, EnergyTrend believes that manufacturers will continue to face operational challenges until Q1 of 2012.
As for conversion efficiency rates, mainstream product conversion efficiency rate was 16.4-16.6% in Q3, and has already reached 16.8% in Q4. Looking ahead, manufacturers have all set their target rates above 17% for Q1 of 2012. Thus, solar cell makers are currently concentrating their efforts on improving process technology in hopes of raising average conversion efficiency rate to 17% by the end of this year.
Additionally, this week Taiwanese manufacturers have been displaying their newest products at Solar Power International’s convention in Dallas, and it is clear that makers are focusing on lowering cost and increasing efficiency. For instance, Motech boasted their new “LEO cell”, a multi-Si solar cell with increased conversion efficiency (17.4%) from new process technology. Thus, not only will manufacturers face an oversupply situation in 2012, but increasing product conversion efficiency will be another important challenge for makers to overcome if they are to survive the economic downturn.
