Meyer Burger Investor Presentation
GW
PERC is new mainstream
MEYER BURGER
PERC share of installed cell capacity
High-
Efficiency
152
n-type: HJT, etc
139
116
92
PERC
74
Mainstream-
Efficiency
61
51
AI-BSF
2013 2014 2015 2016 2017 2018
2019
Source: PV Tech Research, Solar Media Ltd, Feb 2019; Meyer Burger Ltd
Trends in PERC cell technology
PERC is new mainstream technology with
50% market share of installed c-Si cell
capacity. Installed PERC capacity doubled
from 2017 to 2018.
MB's share in cumulated installed PERC
capacity is about 55-60% strong base for
TOPCon upgrade sales
After sharp market decline due to China 531
in 2018, demand for PERC capacity &
upgrades started to pick up again towards
end of 2018.
Invest cycle for PERC expected to end 2021
as Al-BSF will be replaced. As a result, cell
manufacturers to look increasingly into
high-efficiency technologies for
differentiation.
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