Table of Contents      
Intro and Overview
     Introduction
     Business Overview
Trends and Forces
      Key Trends and Forces
Competition
     Competition and Market Share

Competition and Market Share

Evergreen Solar is still a relatively small player in the solar market, and sells a technology type (String Ribbon) that is younger than most other solar power technologies. Other competitors, with 2005 market shares[1], include:

  • SunPower (SPWR) (insignificant in 2005) - One of the fastest growing solar companies, with one of the most efficient cells around
  • Sharp Electronics (24%) - The largest photovoltaic cell manufacturer in the world.
  • Suntech Power Holdings (4%) - A Chinese photovoltaic cell company that is muscling its way into world solar markets.
  • JA Solar Holdings, (insignificant in 2005) - A Chinese PV company that only sells monocrystalline solar cells; it lets its customers take care of building the modules and systems.
  • Solarfun Power Holdings (insignificant in 2005) - Another Chinese PV company that operates 90% in Europe and makes most of its money by selling modules, rather than individual cells.
  • Kyocera (8%) - A Japanese electronics company that is also a manufacturer of solar cells
  • Q-Cells (9%) - A privately owned, German solar manufacturer
  • First Solar (insignificant in 2005) - A thin cell solar panel manufacturer that uses cadmium telluride instead of silicon for its cells.
  • BP (5%), Mitsubishi (6%), and Sanyo (7%) - Not primarily photovoltaic cell manufacturers, but heavy market competitors nonetheless.
  • EMCORE (insignificant in 2005) - A Concentrated Photovoltaic System manufacturer that uses Gallium arsenide PV cells and got its start in the solar business making power cells for satellites.
  • Energy Conversion Devices - This company uses amorphous thin-film silicon in its ultra-thin, albeit low-efficiency solar cells.
2009 Industry Conversion Efficiencies
Manufacturer Conversion Efficiency
SunPower(Polysilicon) 22%[2]
Sharp (Polysilicon) 17.5%[3]
Evergreen Solar (String Ribbon) 15%[4]
First Solar (CdTe Thin Film) 10.8%[5]
Sanyo(c-Si and a-Si Thin Layer) 23% [6]


Introduction and Overview | Key Trends and Forces | Competition and Market Share

References

  1. CIBC Initiating Coverage, SOLF, January 29th, 2007
  2. Dolan, Kerry, "Squeezing Energy From The Sun," Forbes.com, September 10 2009
  3. Sharp Solar Systems Product Profile Brochure, Sharp
  4. ESLR 2007 Earnings Call Transcript, Page 1
  5. Osborne, Mark, "First Solar first to US$1 per watt manufacturing cost," PV-tech.org, February 25, 2009
  6. Osborne, Mark, "Sanyo a ‘HIT’ with 23% solar cell efficiency record," PV-tech.org, May 22, 2009
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