Industry analyst IHS Markit has raised its forecast for global installations in 2017 to 90 GW, representing 14% growth on the previous year’s figures. Continuing demand in China after the June 30th FIT cut is cited as the main driver for the increased expectation.
IHS Markit says the complaint could also cause the U.S. market to crater 60% by 2021, causing global module oversupply and driving module prices ever lower.
Latest market data from analysts shows that Huawei shipped the most inverters last year, followed by Sungrow, while SMA, Huawei and SolarEdge pulled in the most revenue worldwide.
Figures published today by both IHS Markit and GTM research forecast annual growth in the global solar market in 2017, albeit at a slower rate than was seen in 2016. The analysts predict continued demand from the four largest markets, particularly China and India, as the key drivers behind this growth.
IHS Markit’s latest assessment of U.S. solar contractors finds that Blattner outpaced First Solar to take the top spot in 2016.
Analyst’s quarterly data shows 2016 will deliver 34% year-on-year growth rate as Chinese demand fuels another strong 12 months for the industry, with annual installed capacity to reach 77 GW.
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