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

But an analysis released last Thursday by Energy Trend shows that the oversupply is coming to an end. The report says prices are rising across the value chain from chips, batteries to components, and many first-class photovoltaic module manufacturers have sold out by the end of this year.

Energy Trend said there was strong demand in the three major global markets: the United States, China and Japan. GTM Research also points out that component capacity has begun to be in short supply, and it is expected that the global component overcapacity rate will be less than 30% in 2015, which will lead to shortages in early 2016.

It is noteworthy that EnergyTrend reports that the situation of single crystal silicon products is quite different. The company estimates that the price of single-crystal silicon wafers has fallen by more than 10% this year, and believes that its 14-gigawatt capacity is far below the 10-gigawatt demand. However, the demand for monocrystalline silicon products is expected to increase in 2016. At the same time, the company pointed out that the price of n-type monolithic wafers declined less than that of p-type monolithic wafers.