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Contraction in Key Markets Will Lead to Sluggish Growth of Global Photovoltaics (PV) Demand, IHS Markit SaysApril 07, 2017LONDON (April 5, 2017) – IHS Markit (Nasdaq: INFO), a world leader in critical information, analytics and solutions, projects that global demand for photovoltaics (PV) will reach 79 GW in 2017, a slight 2 percent increase over the 78 GW installed in 2016. This compares to annual growth that surpassed30 percent in both 2015 and 2016. An anticipated decline in the world’s three largest markets – China, United States and Japan – will shape the outlook for PV demand through this year. IHS Markit expects these markets to shrink by a combined 9 GW (16 percent year-over-year) in 2017. Similar to previous years, global demand depends highly on policy evolution in China.
RESEARCH NOTE - Growth of LED luminaire shipments help LED power supply market reach $13.1 billion by 2021April 05, 2017Following is information and insight from IHS Markit about our 2017 Power in LED report, which contains data and analysis for the year ended December 31, 2016.
Global Battery Energy Storage Pipeline Reaches 3.4 GW in Q1 2017April 04, 2017The global pipeline for the utility-side-of-meter energy storage has grown to 3.4 gigawatts, representing a doubling over the past year, according to a new report from business information provider IHS Markit.
NEXTracker and Array Technologies Reign Supreme in Global PV Tracker Market, IHS Markit SaysMarch 30, 2017NEXTracker and Array Technologies remain far and away the leading suppliers of PV tracker systems globally, in addition to being leading suppliers of PV structural equipment in general. Vertically integrated suppliers First Solar and SunPower notably lost market share in 2016. This has coincided with First Solar’s announcement to downsize its EPC business and to exit the structures market in 2016. Convert Italia and Arctech have risen into the top five, finding success in emerging tracker markets outside of the United States in Latin America, the EMEA region, and India. In the United States -- the largest market for PV tracker products globally -- Soltec, GameChange Solar, and Sunlink were the winners in terms of growth in the market outside of the big two (NEXTracker and Array Technologies).
Blattner Energy and other leading diversified EPC firms capture market share in the United StatesMarch 20, 2017The US market installed over 15 gigawatts-dc (GWdc) of photovoltaics (PV) in 2016, a record breaking amount for the market, over 80% of which was accounted for by non-residential installations. The top 5 EPCs captured nearly 50% (~48%) of the total non-residential PV market in 2016. Aside from First Solar, the top 5 EPC companies were primarily characterized as diversified firms that do not have an exclusive focus on solar.Subscribers Only
Key Takeaways from PV Expo Japan 2017 – Solar policy changes, emerging sales channels in residential segment, and increasing opportunities for energy storageMarch 10, 2017IHS Markit Technology analysts attended PV Expo in Tokyo last week. Numerous new technology trends were on show across all parts of the supply chain and the show floor was still as busy as ever driven by interest in hot topics such as energy storage, battery technologies and new module and inverter technology releases. The Japanese solar market will be the fourth largest market globally in 2017 and will continue to be a key target market for global supply chain players. Below are some key takeaways from the show.
LG and Moto lead MWC wireless chargeMarch 06, 20172017 continues to show promise from OEMs when it comes to wireless charging technology, following the launch of the LG G6 and Moto Mod at MWC in Barcelona, in addition to Huawei joining the AirFuel Alliance.
Germany installed 441 MW of PV in December 2016 - tariffs remain unchangedFebruary 22, 2017On 31 January 2017, Germany’s Federal Grid Agency published that 441 MW of PV capacity were registered in December 2016. The main reason for the 140% month-on-month growth was the possibility to install landfill projects outside the tender scheme until the end of 2016. This brings the total added PV generation capacity in 2016 to 1.5 GW, and means that the FiT rate will be left unchanged. As for tender projects, the first round in 2017 was concluded on 8 February, and awarded 200 MW at prices as low as EUR60/MWh.Subscribers Only
Analytics and IT Technology Continue Evolution in Utility Market: Highlights from Distributech 2017February 13, 2017The following insight from IHS Markit details key themes and takeaways from the 2017 Distributech conference, held in San Diego earlier this month.
Apple becomes Wireless Power Consortium memberFebruary 13, 2017Apple Inc. became a member of the Wireless Power Consortium. This is the first time Apple have confirmed involvement with any wireless power standard body and points strongly to the expectation that the next iPhone will include wireless charging technology.
Growth Returns to Global Heat Utility Measurement MarketFebruary 13, 2017After a notable market decline in 2014, the global market for heat meters regained market growth in 2015 and 2016. Growth will remain strong until 2020, when it is expected to stabilize – IHS Markit predicts.
Strong demand increases polysilicon prices: A new wave of polysilicon capacity expansions ramp up in China.February 07, 2017After a very weak third quarter, polysilicon demand and pricing started to recover in the fourth quarter of 2016 after the proposed FiT cuts were announced in China, which triggered short-term demand in the largest solar market. Subsequently, polysilicon ASP on the spot market has been continuously rising since late October 2016.Subscribers Only
Cost pressure and volatile markets continue to challenge EPC companies in the PV industryJanuary 31, 2017On 4 January 2017, German utility RWE’s renewables branch Innogy finalised the acquisition of Belectric, one of the large German providers of solar engineering, procurement, and construction – EPC. The acquisition completes a year of acquisitions and bankruptcies in the solar EPC segment. In India, Tata Power acquired Welspun Renewables Energy.Subscribers Only
Q1 2017 weakens on confirmation of grace period, but 100% growth predicted for Q2 2017January 20, 2017After a long wait, the details of China’s new FiT for 2017 were finally confirmed in late December 2016, and were largely in line with expectations. With the 6 month grace period for the 2016 FiT now confirmed, some pressure has been taken off projects to quickly complete, weakening the outlook for the first quarter slightly.
Delay in GST roll-out until September benefits module suppliers in the Indian PV marketJanuary 16, 2017The introduction of a comprehensive indirect tax regime under the Goods and Services Tax (GST) in India is likely to be delayed from April 2017 to the latest September 2017. Such a delay extends the window to install PV systems at lower tax rates, and will impact the quarterly distribution of India PV demand. In 2016, the government of India announced the introduction the GST in order to make India a common marketplace, with uniform taxes. This new tax regime will subsume all other indirect taxes that are currently applicable in India. A side effect of the GST introduction is that the tax exemptions for PV systems will end. As a result, the Ministry of New and Renewable Energy (MNRE) estimates that the total cost to install for grid-connected solar PV will increase by 12% to 16%. From 16 September 2017, all existing central and state indirect tax laws will void, as defined by the Indian constitution. This means GST must be implemented before the given date.
China confirms 2017 PV FiT rates - Growing concerns over 2016 PV installationsJanuary 10, 2017On 27 December 2016, China's National Development and Reform Commission (NDRC) published the new feed-in tariffs (FiT) for PV systems to be installed in 2017. The 13% to 19% reduction compared to 2016 tariff rates are in line with the IHS assumptions for the China PV demand forecast published in the PV Demand Market Tracker on 9 December 2016. As anticipated, the reduction of the FiT is accompanied by a grace period for PV systems that were approved before the end of 2016, but not installed. Such projects have until 30 June 2017 to be installed and connected in order to benefit from the 2016 FiT. As developers rush to install projects under the grace period, IHS forecasts that China will add 15 GW of PV installations in the first half of 2017. At the end of 2016, the National Energy Administration (NEA) announced an increase in the quota allocated for the 2016 FiT by 5 GW. This adds on to the 23 GW quota previously allocated (including poverty alleviation projects). Provinces that gain more than 500 MW of additional 2016 quota will not have any quota allocated for 2017.Subscribers Only
IHS Energy Storage Highlights of 2016January 09, 20172016 will be undoubtedly a year to remember for the energy storage and utilities industries. If 2015 was the year when Tesla brought batteries storage on the global stage, 2016 will be remembered as the year when energy storage became bankable against conventional power generation solutions. According to the latest grid-connected energy storage forecast from IHS Markit, energy storage installations surpassed 2.3 GWh, up from 1.4 GWh the previous year. Here are three themes we want to highlight for 2016:
Magnetic Resonant and RF Wireless Charging Make Waves at CES 2017January 09, 2017With only one week gone in 2017, it’s tempting to say that more progress has already been made in the world of wireless charging than in the whole of 2016, with the Consumer Electronics Show (CES) in Las Vegas already giving two new product launches from Dell and Energous respectively
China's Q4 2016 outlook strengthens, while outlook for 2017 weakens in light of continued policy uncertaintyDecember 08, 2016China continues to await confirmation of the details of a crucial feed-in tariff (FiT) change that is proposed to take place at the end of this year. It is widely anticipated that it will be confirmed in December that FiT rates will be cut by 13% to 25%, with a grace period allowing projects approved before the end of 2016 to complete in 2017. The market has reacted to this uncertainty by accelerating rapidly in Q4 2016, with EPCs aiming to complete as many projects as possible prior to the end of the year.
'Higher PV inverter quality' is the number one reason for a supplier to become a customer's preferred brandDecember 08, 2016For the second year in a row, 'higher PV inverter quality' was the most selected reason for a PV inverter supplier to become a customer's preferred brand according to the latest update to the IHS PV Inverter Customer Insight Survey.