Market Insight

Special Report: 2017 global PV installation forecast raised to 90 GW as demand booms in China

August 23, 2017  | Subscribers Only

Sam Wilkinson Sam Wilkinson Associate Director, Solar & Storage

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Key Takeaways

  • IHS Markit has raised its forecast for global PV installations in 2017, and now predicts 90 GW – a 14% increase on 2016. The largest changes have been made in China, which is now predicted to install 45 GW in 2017.
  • This exceptional boom in demand in China has consumed a huge proportion of the global PV module supply, leading to increased prices and lead times that now extend into 2018. This has weakened the short-term outlook in some major markets outside of China.
  • The shortage of Chinese modules is not impacting the supply in the United States as heavily as other regions, as the current rush to procure modules ahead of any potential trade action (resulting from the Suniva petition) focuses on securing tariff-free modules manufactured outside of Taiwan and China.

Research by Market
Power & Energy Technology
Category
Solar
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