PV Market Alliance: More than 60 GW of solar will be installed in 2016


On Wednesday an alliance of market researchers under the banner of the PV Market Alliance released its forecast for the global solar market in 2016 and 2017, predicting that more than 60 GW will be installed this year and more than 70 GW in 2017.

The group has put out three scenarios, with a “low” scenario of 51 GW and the high scenario of 74 GW. Statements about the medium scenario are somewhat vague, with a press release stating “at least 60 GW”, noting a “significant level of uncertainty”.

This appears to come in below the 66.7 GW that Mercom Capital has forecast and the 66 GW that GTM Research is expecting. However, the alliance has a lower estimate of 2015 installation levels, and like GTM Research it is predicting around 20% growth. In January the group put out a press release estimating installations of only 51 GW, well below that of GTM Research and Mercom.

Across all three groups there is a consensus that the U.S. and Indian markets will grow. PV Market Alliance and Mercom expects significant growth in the Chinese market as well, but for Japan’s market to contract somewhat after installing 11 GW in 2015.

And like the other two organizations PV Market Alliance expects the global PV market to grow over the mid-term, reaching around 100 GW annually by 2020 in its mid-case scenario.

PV Market Alliance is comprised of several market research organizations with national and global expertise, including Asia Clean Energy (Solar) Advisory Co. in Hong kong, Belgium’s Becquerel Institute, Creara in Spain, Japan’s RTS Corporation, and SPV Market Research and SolarVision Co, both in Silicon Valley, California.

This content is protected by copyright and may not be reused. If you want to cooperate with us and would like to reuse some of our content, please contact: editors@pv-magazine.com.

Popular content


Related content

Elsewhere on pv magazine...

Leave a Reply

Please be mindful of our community standards.

Your email address will not be published. Required fields are marked *

By submitting this form you agree to pv magazine using your data for the purposes of publishing your comment.

Your personal data will only be disclosed or otherwise transmitted to third parties for the purposes of spam filtering or if this is necessary for technical maintenance of the website. Any other transfer to third parties will not take place unless this is justified on the basis of applicable data protection regulations or if pv magazine is legally obliged to do so.

You may revoke this consent at any time with effect for the future, in which case your personal data will be deleted immediately. Otherwise, your data will be deleted if pv magazine has processed your request or the purpose of data storage is fulfilled.

Further information on data privacy can be found in our Data Protection Policy.