The photovoltaic glass industry is oligopolistic competition

From the perspective of sub-industry attributes, photovoltaic glass factory is an industrial standard product. Yield, furnace scale, raw material and fuel power cost control are the core competitive elements of the industry. At the same time, this link also has technical, approval, capital, certification and customer barriers. , the barriers are high, and the industry technology iteration is relatively slow, the industry will show an oligopolistic competition pattern. In 2018, the CR2 and CR5 of photovoltaic glass factory are 48%/70% respectively, an increase of 5% year-on-year.

From the perspective of market demand, in addition to being affected by the inflection point of demand in the photovoltaic industry, due to the gradual increase in the penetration rate of double glass, the demand for photovoltaic glass factory has increased and the demand inflection point has been strengthened. It is estimated that the global demand for photovoltaic glass factory in 2019 will be 777 million square meters. The increase in demand brought about is 62 million square meters.

From the perspective of the construction cycle, there will be no supply increase in the short term, and the main expansion will be released in the next year and the next year. The construction of photovoltaic glass manufacturer is difficult, and the average production expansion cycle is 18 months. Due to the existence of the expansion cycle, it is difficult to increase the short-term supply of the industry. At present, the expansion of leading production is progressing steadily. Shuanglongtou plans to expand the production of 8 photovoltaic glass manufacturer production lines. Production will begin in 2020.

Parity opens the boom cycle

Due to the decline in the price of the industrial chain and the expansion of overseas parity areas, it is estimated that the global photovoltaic demand CAGR will be 16.2% in 2019-2021, and the overall supply and demand of the industry will increase.

photovoltaic glass manufacturer "fires"! List of top ten photovoltaic glass manufacturer companies

List of some photovoltaic glass manufacturer related companies

Follett

Follett was registered and established in Zhejiang Administration for Industry and Commerce on June 24, 1998. Its main products involve four major fields such as solar photovoltaic glass manufacturer and high-quality float glass, as well as the construction of solar photovoltaic power stations, forming a relatively complete industrial chain.

The company is a comprehensive medium and large-scale enterprise integrating glass research and development, manufacturing, processing and sales. The group's subsidiaries include Zhejiang Jiafu Glass Co., Ltd., Zhejiang Flat Glass Co., Ltd., Shanghai Flat Glass Co., Ltd., Jiaxing Flat New Energy Technology Co., Ltd., Anhui Flat Photovoltaic Materials Co., Ltd., Anhui Flat photovoltaic glass supplier Co., Ltd., Fu Light There are nine wholly-owned holding companies including Wright (Hong Kong) Co., Ltd., Flat (Vietnam) Co., Ltd., and Flat (Hong Kong) Investment Co., Ltd.

Through nearly 20 years of hard work, Follett is a large-scale glass enterprise group integrating glass R&D, manufacturing and deep processing. And it was listed on the main board of the Hong Kong Stock Exchange on November 26, 2015, stock code: HK.06865. Listed on the Shanghai Stock Exchange on February 15, 2019, stock abbreviation: Follett; stock code: 601865.

Follett's main products involve four major fields of solar photovoltaic glass supplier, high-quality float glass, engineering glass, and household glass, as well as the construction of solar photovoltaic power stations and quartzite mining, forming a relatively complete industrial chain.

By the end of 2018, the total production capacity of Follett Glass photovoltaic glass supplier was 4,290 tons/day, with a global market share of about 18%. With the recovery of the photovoltaic industry, Follett's production capacity is expected to be further expanded. Especially in mid-May, the company signed a sales contract with LONGi Group for 162 million square meters of photovoltaic glass supplier, with an estimated contract value of approximately RMB 4.25 billion.

The company also plans to put into operation a 1,000-ton photovoltaic glass supplier kiln in Anhui in the first half of 2019 and a 1,000-ton kiln in Vietnam in the second half of 2019.

Xinyi Light Energy

Xinyi Solar Holding Co., Ltd. is the largest solar photovoltaic glass supplier manufacturer in the world. The company specializes in the research and development, manufacturing, sales and after-sales service of solar photovoltaic glass company, and provides solar photovoltaic glass company products for the world's major domestic and foreign solar module manufacturers. Xinyi Solar was listed on the main board of the Hong Kong Stock Exchange on December 12, 2013, stock code: 00968.HK, and on May 28, 2019, Xinyi Energy (stock code: 03868.HK) was spun off from its parent company, Xinyi Solar. , and accumulatively acquired 1494MW of large-scale ground power plants from the parent company for independent operation and management.

Xinyi Solar has three solar photovoltaic glass company production bases, located in Wuhu, Anhui, Tianjin and Malacca, Malaysia. At present, it has a solar photovoltaic glass company production line with a total daily melting capacity of 7,800 tons, accounting for more than 30% of the global market share. The main products include ultra-clear solar patterned glass (original and tempered), solar coated glass and back glass.

According to incomplete statistics, at present, the total production capacity of Xinyi Solar's photovoltaic glass company is 7,800 tons per day, and the global market share exceeds 30%. In addition, Xinyi Solar is also expected to put into operation three 1,000-ton photovoltaic glass company furnaces in Beihai, Guangxi in the first quarter, the second quarter and the second half of 2020.