29 Feb '16, 9am

IHS forecasts global solar market to top 69GW in 2016

IHS forecasts global solar market to top 69GW in 2016

Cumulative global PV installations to surpass 310GW by the end of 2016 Market research firm IHS remains bullish on the global solar PV market in 2016, forecasting installations to reach 69GW in 2016. IHS noted that global PV installations reached 59GW in 2015, a 35% increase over 2014, while growth in 2016 is expected to top a further 17%. Key markets in 2016 will include the US, India and China, which are forecast to increase by 5.6GW, 2.7GW and 0.9GW respectively, accounting for 9.3GW of the 10GW global increase. Cumulative PV growth Due to the continued growth of major markets outside Europe, IHS said that it expected cumulative global PV installations to surpass 310GW by the end of 2016, with five countries (China, US, Japan, Germany and Italy) accounting for 70% of capacity. IHS said it expected Germany to fall from second to fourth place in terms of total installed P...

Full article: http://www.pv-tech.org/news/ihs-forecasts-global-solar-ma...

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