27 Apr '15, 5am

IHS solar analysts at SNEC: Global solar PV demand grows by up to 30%; Need for energy storage rises

IHS Inc. (Englewood, Colorado, U.S.) on April 27th , 2015 released updated solar photovoltaic (PV) industry forecasts from IHS analysts speaking at the SNEC 9th (2015) International Photovoltaic Power Generation Conference & Exhibition (SNEC PV Power Expo) in Shanghai. Top-line analyst presentation insights on solar demand, PV inverters, energy storage, and PV module supply include the following: IHS forecasts that global solar demand will grow up to 30 percent in 2015 compared to 2014, reaching 57 gigawatts (GW), which is 10 times the size of the solar-PV industry just seven years ago. China leads the global PV market “For the third year running, China will be the largest end-market and the key driver of global demand in 2015,” said Ash Sharma, senior research director for IHS. The other top growth markets will be Japan, the United States, United Kingdom, and India. “Chin...

Full article: http://www.solarserver.com/solar-magazine/solar-news/curr...

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