GLOBAL SOLAR PV BALANCE OF SYSTEM (BOS) MARKETS:

Transcription

1 GLOBAL SOLAR PV BALANCE OF SYSTEM (BOS) MARKETS: Technologies, Costs, And leading companies, Stephen Smith Solvida Energy Group, MJ Shiao, Senior Solar Analyst GTM Research Given the state of the global solar PV market, much of the industry's attention has turned to BOS manufacturers to achieve the step-function reductions needed to help solar power deliver energy at or below costs of other generation resources. As a result, BOS manufacturers around the globe are being challenged to offer products at reduced prices, in addition to providing valueadded benefits like professional engineering services, highly integrated components and lengthy, robust product warranties. BOS COST COMPARISON, C-SI VS. CDTE BOS Cost Breakdown 10MW, Fixed Tilt Projects in the U.S. Blended c-si CdTe $0.28 $0.36 SBOS EBOS Inverter Labor Misc. $0.27 $0.18 $0.32 $0.18 $0.23 SOURCE: GTM RESEARCH, SOLVIDA ENERGY GROUP Not all companies will successfully navigate the next few years. BOS manufacturers are tasked with a difficult set of objectives in order to grow profitably and succeed in a marketplace that expects them to deliver on highly aggressive cost targets within a short period of time. Like the module manufacturer segment, the BOS industry is enduring consolidation amongst companies with complementary offerings and liquidation of other companies that cannot maintain the cost reduction curves in a profitable manner. This 162-page report is the industry's definitive outlook on global BOS markets, BOS component innovation and the survivability of leading BOS players. The report includes market sizing for both structural and electrical BOS as well as total BOS demand forecasts by market segment (residential, non-residential, utility) and major national market (Germany, Italy, Rest of Europe, China, Japan, India, Rest of Asia and the U.S.). The report also offers BOS cost roadmaps for c-si and CdTe, fixed-tilt and axis-tracking, and residential, commercial and utility projects. Companies Analyzed Include: A+F GmbH ABB AMtec Array Technologies AZTEC Engineering Bechtel Belectric Bentek Black & Veatch Blue Oak PV Products Conergy Cooper B-Line Deger Energie DPW Solar ERCAM Exosun First Solar Fluor Gestamp Solar HatiCon Krinner Marelco Martifer Mecasolar MidNite Solar Mounting Systems GmbH National Semiconductor Panel Claw Phoenix Solar Praxia Energy PV Trackers Quanta Renewables Ray Tracker SAPA Extrusion Satcon Schletter Shoals SMA Solar BOS SolarEdge Solea AG Solon SunLink SunPower Swinerton, Inc. Tigo Titan Tracker Tyco (TE Connectivity) Unirac White Construction Zep Solar

2 TABLE OF CONTENTS 1. INTRODUCTION AND MARKET CONTEXT 1.1 BOS Architecture 1.2 Industry Challenges 1.3 Current Industry Trends 1.4 Industry Taxonomy 1.5 Report Scope 2. STRUCTURAL BOS 2.1 Key Findings 2.2 Mounting Structures 2.3 Fixed Ground-Mount Systems Technology Pricing Suppliers Considerations for Prefabricated vs. Stick-Build Projects Installation Labor Innovations Market Size 2.4 Tracking Systems Technology Pricing Suppliers Labor Innovations Market Size 2.5 Fixed vs. Tracking: Comparative Metrics Land Availability System Performance and Cost O&M Cost End-User Considerations Geographical Factors 2.6 Foundations Technology Pricing Suppliers Innovations Market Commentary 2.7 Roof-Mounted Systems Technology Pricing Suppliers Innovations Market Size 3. ELECTRICAL BOS (EBOS) 3.1 Key Findings 3.2 Components Combiner Boxes Technology Pricing Suppliers Innovations AC/DC Cable Technology Pricing Suppliers Innovations DC Optimizers Technology Technological Advantages Pricing Suppliers Innovations Other EBOS System Monitoring 3.3 Installation Labor 3.4 EBOS Market Size 4. LABOR AND MISCELLANEOUS BOS COSTS 4.1 Pricing Locational Price Drivers 4.2 Innovations 4.3 Miscellaneous System Costs 5. GLOBAL MARKET TRENDS 5.1 Global Market and Technology Trends 5.2 European Market Trends Germany Italy European BOS Technology Trends 5.3 Asian Market Trends China Japan India and the Rest of Asia BOS Technology Trends in Asia 5.4 U.S. Market Trends U.S. Market BOS Technology 6. BOS COST FORECASTS TO Ground-Mount 6.2 Rooftop 7. CONCLUDING THOUGHTS 8. BOS COMPANY GUIDE A+F GmbH ABB AMtec Array Technologies AZTEC Engineering Bechtel Belectric Bentek Black & Veatch Blue Oak PV Products Conergy Cooper B-Line Deger Energie DPW Solar ERCAM Exosun First Solar Fluor Gestamp Solar HatiCon Krinner Marelco Martifer Mecasolar MidNite Solar Mounting Systems GmbH National Semiconductor Panel Claw Phoenix Solar Praxia Energy PV Trackers Quanta Renewables Ray Tracker SAPA Extrusion Satcon Schletter Shoals SMA Solar BOS SolarEdge Solea AG Solon SunLink SunPower Swinerton, Inc. Tigo Titan Tracker Tyco (TE Connectivity) Unirac White Construction Zep Solar

3 LIST OF FIGURES 1. INTRODUCTION AND MARKET CONTEXT System Cost Breakdown, 2008 vs Categorization of PV Balance of Systems (BOS) Components Leading European BOS Providers Leading European BOS Providers PV BOS Market Taxonomy 2. STRUCTURAL BOS Fixed-Tilt Ground-Mount, Tracking Ground-Mount and Rooftop PV Systems Fixed-Tilt Mounting Structure Commodity Pricing for Aluminum Fixed-Tilt Mounting Structure Cost vs. Module Conversion Efficiency Fixed Mounting Structure Cost Forecast, E Comparison Between Prefabricated Versus Stick-Build Systems Schuff Steel Preassembled Optirack Manufacturers Offering Integrated Grounding on Fixed-Tilt Mounting Structures Mounting Structure Used in Suntech s Mesquite Project Module Size Implications for Labor Costs Global Fixed-Tilt Mounting Structure Market Forecast (MW), Global Fixed-Tilt Mounting Structure Market Value Forecast ($), Tracker Technology Comparison Typical Ground Coverage Ratio of Fixed-Tilt, 1-Axis and Dual-Axis Tracking Systems Comparison of Tracking Motor Technology Horizontal One-Axis Tracker Tilted One-Axis Tracker Image Dual-Axis Tracker Tracker Cost Breakdown Tracker O&M Cost Estimates Impact of Commodity Steel Cost on Tracker Costs Impact of Module Efficiency on Tracker Balance of Systems Cumulative Mounting Structure Installed Capacity by Region Comparison of T0 and ATI Duratrack HZ Systems Estimated Cumulative Installed Tracker Capacity of Leading U.S. Suppliers, as of Q Installed Tracker Capacity From Leading European Suppliers (as of YE2010) Leading Tracker Supplier Breakdown Leading Tracker Supplier Product Breakdown (YE 2010) Comparison of Performance (kwh/kwp) Between Module Technologies on One-Axis Trackers Standard One-Axis Tracker Block Diagram Global Tracker Market Forecast (MW), Global Tracker Market Value Forecast ($), Land Requirements by Mounting Structure Type and Module Conversion Efficiency Energy Production Comparison, Fixed Tilt vs. One-Axis Tracking Relationship Between Module Cost and System Cost, Fixed vs. Tracking Comparison of Fixed and Tracking Systems Revenue Impacts of Fixed-Tilt Versus Tracking Systems Impact of TOD Factor on Tracking System Benefits Energy Harvest, Fixed vs. One-Axis Tracking Foundation Type Selection Criteria Mounting Structure Foundation Cost Forecast, Automated Foundation Installation Utilizing GPS Technology Characteristics of Common Roof Membranes Tilt-Up Design for Access Commercial Rooftop System Comparison of Ballasted and Penetrating Systems Rooftop Mounting Structure Cost, Zep III System Innovative Rooftop Mounting Structures (Solon SolQuick and tenksolar RAIS Wave) Rooftop Mounting Structure Supplier Breakdown Solon SolQuick Mounting Structure Solution Global Residential Rooftop Market Forecast (MW), Global Commercial Rooftop Market Forecast (MW), Global Rooftop Market Breakdown (MW), Global Rooftop Mounting Structure Market Size ($), E 3. ELECTRICAL BOS (EBOS) Electrical Diagram of PV Electrical Balance of Systems (EBOS) Components PV Combiner Box Combiner Box Cost Forecast, Combiner Box Suppliers Commodity Prices of Aluminum Commodity Prices of Copper Price Comparison for Copper and Aluminum Cables Major PV Cable Suppliers Three-String Positive Harness From Shoals Combiner Box Cost by Cabling Voltage List of Major Module-Level Power Electronics Suppliers and Announced Module Partnerships DC Optimization Power Electronic Topology and Benefits DC Optimization Power Electronic Topology and Benefits String Reduction Through Use of DC Optimizers Source of Mismatch Loss Addressable by Module Level Power Electronics Suppliers and Attributes of Module-Level Power Electronics SolarEdge Communications Functionality GE Energy Brilliance System Package Estimated Monitoring Prices by Segment (For Typical Configurations) SCADA System Global PV Monitoring Suppliers by Sites and Capacity Monitored, 2011 and Cumulative Total Market Value of Global PV EBOS Components, PV Combiner Box Market Value,

4 LIST OF FIGURES 4. LABOR AND MISCELLANEOUS BOS COSTS Labor Cost, 5 kw Residential System, Labor Cost, 100 kw Commercial System, Average Labor Costs in the U.S., Wage Forecast, Man-Hour Requirements by Task, Labor Cost Forecast, 10 MW Fixed Tilt System, Labor Costs by Country, Impact of Module Form Factor on Field Labor Cost, 10 MW Fixed-Tilt System Miscellaneous BOS Cost Breakdown, GLOBAL MARKET TRENDS Global Installations by Mounting Type, PV Installations by Mounting Structure Type in Germany, Italian Installations by Mounting Structure Type, China PV Installations by Mounting Structure Type, Japanese FIT Schedule, Effective July 2012 Japan PV Installations by Mounting Structure Type, India PV Installations by Mounting Structure Type, U.S. PV Installations by Market Segment, U.S. Installations by State and Market Segment, 2011 U.S. PV Demand Forecast by Market Segment BOS COST FORECASTS TO 2016 BOS Cost Comparison, c-si vs. CdTe BOS Cost Buildup, c-si vs. CdTe, 10 MW Fixed-Tilt System in the U.S. BOS Cost Roadmap, 10 MW Fixed-Tilt Blended c-si Project in the U.S., BOS Cost Roadmap (Accelerated Case), 10 MW Fixed-Tilt c-si Project in the U.S., BOS Cost Roadmap, 10 MW Fixed-Tilt Thin Film Project in the U.S., BOS Cost Comparison, 10 MW c-si vs. Thin Film First Solar BOS Cost Reduction Updates, 2012 BOS Cost Comparison by Region, 10 MW Fixed-Tilt c-si System, BOS Cost Roadmap, 10 MW c-si 1-Axis Tracking System in the U.S., Relative LCOE Values for Unsubsidized Utility c-si and CdTe Projects in the U.S. Total System Cost Roadmap for a 10 MW Fixed-Tilt System in the U.S., BOS Cost Roadmap for 100 kw Commercial Rooftop System (U.S.), BOS Cost Roadmap for 5 kw Residential Rooftop System, PV BOS MARKET TAXONOMY SOURCE: SOLVIDA ENERGY GROUP, GTM RESEARCH

5 GLOBAL SOLAR PV BALANCE OF SYSTEM (BOS) MARKETS: Technologies, Costs, And leading companies, Stephen Smith Solvida Energy Group, MJ Shiao, Senior Solar Analyst GTM Research REPORT ORDER FORM Global Solar PV BOS Markets Single Site License $2,995 Global Solar PV BOS Markets Enterprise License $5,395 PAYMENT METHOD Please send an invoice Credit Card: Amex Mastercard Visa PREFERRED FORMAT Hardcopy (plus $100.00) PDF BILLING INFORMATION Name Company Street City State Country Zip/Postal Code Phone Number Credit Card Number Expiration* CW * Signature Total (including shipping) to be charged $ * Expiration and CVV are required for all credit card purchases. To place your order, fax this form to: Ken Marini, To purchase a subscription, please contact a member of our sales team, vial details below, or visit For more information, please visit CONTACT: Justin Freedman Director of Research Sales freedman@gtmresearch.com MJ Shiao Senior Solar Analyst shiao@gtmresearch.com A Greentech Media Company