Hot product: Solar panels weather challenges
Posted: September 14, 2012
Solar panels have barely budged from their place within the upper ranks of the top 10 products on the Global Sources website in the past 12 months despite "dark" times.
Month-on-month buyer inquiries dipped in July 2012, although aggregate searches in the first six months of 2012 are 42 percent higher YoY.
In recent months, solar panel business in the EU has narrowed after some member countries reduced feed-in tariffs for large PV installations. The EU is the line’s largest market, accounting for about 75 percent of the world’s total installed capacity.
With signs pointing to further challenges, China solar panels suppliers are expanding export venues to the Middle East, South and Central America, Australia and Africa. They are also boosting domestic presence to supplement overseas sales.
China makers are updating and enhancing selections to attract orders. In July, panels ranked first among all solar-powered products on the Global Sources website in terms of product postings.