Fuji Keizai Forecasts Decline of Solar Cell System Market in Japan
Mami Akasaka, Tech-On!, Jul 4, 2008
Source: Tech-On Nikkei
http://techon.nikkeibp.co.jp/english/NEWS_EN/20080704/154329/
Fuji Keizai Co Ltd, a Japanese market research firm, released the results of a survey on the market for energy-related systems in Japan. According to the survey, the solar cell system market in Japan will shrink in the future. Solar cell-related sales in Japan in fiscal 2007 (April 2007- March 2008) is ¥148.7 billion ($1,392 million). But this will drop to ¥114.3 billion in fiscal 2016.
Fuji Keizai forecasts that the market will shrink in terms of value because (1) the average system price is on a declining trend due to the expanding market for silicon-free and reduced-silicon solar cells and (2) the price competition is intensifying due to sluggish growth in demand for residential systems.
As far as organic solar cells are concerned, the sales in fiscal 2016 in Japan is expected to grow to ¥5.5 billion, approximately 2.4 times higher than that in fiscal 2008. The company estimates that the volume growth will remain flat because an increase in sales of such non-silicon products is anticipated.