Over the past four years, the global solar photovoltaic market has been in a state of oversupply, resulting in a sharp decline in prices and a large number of manufacturers out.

But an analysis published by EnergyTrend last Thursday showed that the oversupply is ending. The report says the price of the whole value chain from chips, batteries to components is rising, and the production of many first class photovoltaic components has sold out by the end of this year.

EnergyTrend said the US, China and Japan, the three largest markets in the world, have strong demand. GTM Research also pointed out that the component capacity has started to be in short supply. It is estimated that the global component overcapacity rate will be less than 30% in 2015, which will result in a shortage in early 2016.

It is worth noting that EnergyTrend reports that the situation of monocrystalline silicon products is quite different. The company estimates that the price of monocrystalline silicon wafers has fallen by more than 10% this year and that its 14 gigawatts capacity is far below the demand of 10 gigawatts. But the demand for monocrystalline silicon products is expected to increase in 2016. The company also pointed out that the price of N wafers is smaller than that of P.