Posted in | News | Solar Energy | Green Energy

GTM Research Finds Balance-of System Costs to Exceed Module Costs

A Latest GTM Research indicates that with the continuous fall in the prices of solar PV modules all over the world, the balance-of-system (BOS) components costs will assume the biggest chunk in the cost of a PV project.

The report points out those BOS costs, which constituted nearly 44.8% for a normal crystalline silicon (c-Si) utility-scale project is likely to go up to 50.6% in 2012. It suggests that the economic measures makes the industry to look beyond the cost gains of solar modules and drives it to achieve such gains for important BOS components and related services.

The report, which runs for 140 pages, includes over 100 exhibits and offers reporting on all photovoltaic system components other than module and inverter. The report features cost guidelines for BOS, size of the component market and demand for mounting structures globally in countries such as Japan, china, Rest of Europe, Italy, Germany and the U.S. It also offers a complete study on the product improvements and cost of important BOS components.

The report in addition to working on BOS costs up to 2013 also analyzes marketing shares of mounting structures for every country all over the world, which constitute the biggest percentage in the BOS component prices.. The report predicts that the demand for rooftop mounting structures will slide from its 83% share in 2010 to 66% by 2015 due to increase in the ground mounted and fixed and tracking type of installations in the Asian and North American markets. The report anticipates that ground mounted fixed systems and tracking systems will hold 27% and 7% of worldwide shares respectively by 2015.

According to Shayle Kann, GTM Research’s Solar Practice’ Managing Director, while the module continues to be the single costly part in a PV system, the collective costs of BOS components will ultimately cause increased action and improvement throughout the BOS value chain and will become a chief revenue opening in the solar PV market.

Citations

Please use one of the following formats to cite this article in your essay, paper or report:

  • APA

    Chai, Cameron. (2019, March 01). GTM Research Finds Balance-of System Costs to Exceed Module Costs. AZoCleantech. Retrieved on November 06, 2024 from https://www.azocleantech.com/news.aspx?newsID=15219.

  • MLA

    Chai, Cameron. "GTM Research Finds Balance-of System Costs to Exceed Module Costs". AZoCleantech. 06 November 2024. <https://www.azocleantech.com/news.aspx?newsID=15219>.

  • Chicago

    Chai, Cameron. "GTM Research Finds Balance-of System Costs to Exceed Module Costs". AZoCleantech. https://www.azocleantech.com/news.aspx?newsID=15219. (accessed November 06, 2024).

  • Harvard

    Chai, Cameron. 2019. GTM Research Finds Balance-of System Costs to Exceed Module Costs. AZoCleantech, viewed 06 November 2024, https://www.azocleantech.com/news.aspx?newsID=15219.

Tell Us What You Think

Do you have a review, update or anything you would like to add to this news story?

Leave your feedback
Your comment type
Submit

While we only use edited and approved content for Azthena answers, it may on occasions provide incorrect responses. Please confirm any data provided with the related suppliers or authors. We do not provide medical advice, if you search for medical information you must always consult a medical professional before acting on any information provided.

Your questions, but not your email details will be shared with OpenAI and retained for 30 days in accordance with their privacy principles.

Please do not ask questions that use sensitive or confidential information.

Read the full Terms & Conditions.